Silverglades Legacy: My initial thoughts on RERA and buyer safety in Gurgaon
Hey fellow homebuyers, I've been looking into Silverglades Legacy in Gurgaon, an upcoming project that's caught my eye. Given its premium pricing, starting from ₹6.44 Cr to ₹13.57 Cr for 9.95 acres, and an average of ₹23000/Sqft, understanding the regulatory landscape is crucial. The good news is that Silverglades Legacy is RERA registered with GGM/861/593/2024/88. For an upcoming project, this is a significant layer of buyer protection. RERA registration ensures transparency, mandates timely project completion, and provides a mechanism for dispute resolution, offering a much safer environment compared to the pre-RERA era. Silverglades, established in 1988, is known as a boutique developer with a history of quality projects like The Laburnum. This background, coupled with RERA compliance, suggests a commitment to legal standards and regulatory safety. While the project is still upcoming, this foundation is important for those considering such a high-value investment. It implies a certain standard for the expected lifestyle and livability. My takeaway is that while due diligence is always essential, the RERA status and builder's track record offer reasonable assurance for potential buyers.
Comments
I'm torn. On one hand, RERA and the builder's old reputation seem good. On the other, the price and that 2031 possession date are making me super nervous. And the 'Total projects: 0' detail U3 mentioned is a huge red flag. Has anyone actually visited the site or spoken to their sales team about these contradictions?
₹23000/Sqft average for an upcoming project? Gurgaon mein prices already high hain, especially near Airport Road. Is this justified for a project that's so far from completion? I'm worried about appreciation vs. the initial high cost.
U8, that's what I'm thinking too. The current market in Gurugram is seeing a lot of new launches at premium prices. But for an 'upcoming' project, you're paying today's premium for something you'll get 7 years later. Doesn't feel right for a first-time buyer like me on a tight budget.
The Laburnum was a good project, no doubt. But that was long ago. Market conditions are different now. And as U3 said, 'Total projects: 0' for a builder established in 1988 is a bit alarming. Maybe it's a new entity for this specific project? We need clarity on that.
I agree with U1, RERA gives a basic level of trust. But Legacy ka possession date 2031-05-01 hai. That's a long wait! Aur Gurgaon mein delays toh common hain, RERA ke baad bhi. Kya yeh date realistic hai?
U4, U5, you both have valid points. The possession date is far off. But RERA has penalties for delays, right? So, theoretically, the builder would try to stick to it. But haan, delays can still happen.
2031? Bhai, tab tak toh inflation aur badh jayegi, aur kya pata market kahaan hoga. Itna lamba wait time, that's a big risk. My friend booked a flat near Badshahpur and got possession 2 years late, even with RERA.
Hey fellow homebuyers, I've been looking into Silverglades Legacy in Gurgaon, an upcoming project that's caught my eye. Given its premium pricing, starting from ₹6.44 Cr to ₹13.57 Cr for 9.95 acres, and an average of ₹23000/Sqft, understanding the regulatory landscape is crucial. The good news is that Silverglades Legacy is RERA registered with GGM/861/593/2024/88. For an upcoming project, this is a significant layer of buyer protection. RERA registration ensures transparency, mandates timely project completion, and provides a mechanism for dispute resolution, offering a much safer environment compared to the pre-RERA era. Silverglades, established in 1988, is known as a boutique developer with a history of quality projects like The Laburnum. This background, coupled with RERA compliance, suggests a commitment to legal standards and regulatory safety. While the project is still upcoming, this foundation is important for those considering such a high-value investment. It implies a certain standard for the expected lifestyle and livability. My takeaway is that while due diligence is always essential, the RERA status and builder's track record offer reasonable assurance for potential buyers.
Haan, RERA kaafi important hai. Par Silverglades ka 'Total projects: 0' dikha raha hai builder data mein. Agar 1988 se hain, toh yeh zero projects kaise? Thoda confusing hai.
RERA registration is definitely a relief. Builders can't mess around as much now. But 6.4 Cr starting price? That's a huge amount for an upcoming project, even with a good builder. Is this for real, U1?