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Prabhas Raju Uppalapati
posted on 13 MaySpent Sunday in Sector 49 — my honest take on prices
Spent the whole Sunday checking out options in Sector 49. I work in real estate but buying for myself is different, you know. Prices seem stable, but what's the actual investment potential here for 3-5 years? Also, how's the safety, especially at night for families? Want honest opinions from residents.
#sector-49#investment-potential#safety#chandigarh
Comments
Dekho bhai, investment potential toh har area mein hai if you hold long enough. But for 3-5 years, you need to be careful. Sector 49 is already quite developed, so the explosive growth phase might be over. The appreciation will be steady, not stellar. If you're looking for higher returns, maybe look at emerging areas like Rasulpur or even Saini Majra, where infrastructure is still catching up but land prices are lower. High risk, high reward. But for stability and end-use, Sector 49 is okay, just don't expect miracles.
7500/sqft for Sector 49? Is that for a ready-to-move or under-construction property?
I booked a 3BHK in Sector 49 two years ago. At that time, the price was around 5800/sqft. Now, similar units are going for 7000-7500/sqft. So, for a 2-year horizon, it has given decent appreciation, about 20-25%. For 3-5 years, I expect it to climb further, maybe 10-15% more, because of its strategic location and upcoming commercial developments nearby. But do your due diligence on the builder's RERA status and past projects.
That's a good appreciation! But I'm worried about the maintenance costs in these new societies. Are they reasonable, or do they become a burden later?
Wow, that's a good jump! Which builder was this, if you don't mind sharing?
Thanks for the honest take! I was also thinking about Sector 49. Safety is a huge concern for my family, especially since my wife works late sometimes. How's the overall vibe at night? Aur kya wahan parks aur basic amenities easily accessible hain?
Safety is decent, no major worries.
Haan, I can vouch for the safety. My sister lives there. Connectivity is also a plus point. But jaise previous comment mein bola, amenities ka thoda hit-or-miss hai. Some older complexes might lack modern facilities, while newer ones are better. But overall, infrastructure is developing rapidly.
Safety wise, Sector 49 is generally considered good. Main roads well-lit hain, aur police patrolling bhi rehti hai. Hum log 3 saal se yahan reh rahe hain, kabhi koi major issue nahi aaya. But jahan tak parks aur amenities ki baat hai, it depends on the specific society. Kuch societies mein internal amenities bahut acchi hain, but public parks ya shopping areas thode door ho sakte hain. Always check the immediate surroundings of the building you're interested in.
Bhai, investment potential toh theek hai but prices kuch zyada hi inflated lag rahe hain Sector 49 mein. Kya lagta hai, yeh sustainable hai for first-time buyers like us? Mera budget toh hil gaya dekh ke. Lagta hai Mullanpur Garibdass ya New Chandigarh side dekhna padega.
Totally agree. Sector 49 is good, no doubt, but the current rates are pushing us out of the market. I checked a few 2BHKs, and the per sqft rate is just insane. For the same price, you can get much more space and amenities a little further out, like in New Chandigarh. Thoda commute badhega but value toh milegi.