TGS Luxury Builder Floor DLF Ph 4 740 in Mohali: My thoughts on the builder's track record and livability
Hey Propmyna community, I've been looking into TGS Luxury Builder Floor DLF Ph 4 740 in Mohali, especially from the angle of builder credibility and what it means for actual living. This project is listed as COMPLETED, which is a big plus for immediate possession and seeing the final product firsthand. The developer, TGS, is noted for having completed 66 projects. While the project details also mention DLF's long history, it's TGS who developed this specific property. A track record of 66 completed projects suggests a certain level of experience and operational capability, which is reassuring. However, without specific reviews on TGS's past deliveries, it's hard to gauge their customer satisfaction directly. Priced at ₹2.70 Cr, with an average of ₹9440 per sqft, it's in a premium bracket for Mohali. The 'Rera Not Applicable' status is typical for older, completed projects, meaning buyers won't have RERA's specific protections for ongoing construction, but also the project risks are already behind it. For end-users, a completed builder floor in a well-established area like DLF Phase 4 usually implies ready infrastructure and a known neighborhood. Practical livability hinges on the actual floor plan and build quality, which can only be assessed through a site visit. My take is that a completed project from an experienced builder like TGS offers certainty. While it lacks RERA oversight, the fact that it's standing and ready can be its own form of assurance. A thorough inspection of the property and talking to existing residents would be crucial before making a decision.
Comments
So, what's the final take on this TGS project? Is it worth even a site visit with this '0 projects' info floating around? I mean, 2.7 Cr is a lifetime saving for many of us. I'm looking in Mohali too, but this is making me think twice. Kya Mohali mein aur koi reliable options nahi hain is budget mein?
I agree with U4 and U5. The '0 projects' data is a major concern. For 2.7 Cr, you expect full transparency. Is it possible that the project is old and TGS is just a reseller or contractor, not the original developer? That could explain the confusion, but still, buyer beware!
The 'Rera Not Applicable' for completed projects is common, but the 0 vs 66 projects discrepancy for TGS is alarming. This is why due diligence is so important. I almost got swayed by a fancy brochure once, good thing I checked the builder's past projects online.
U3, you hit the nail on the head! I saw that '0 projects' too. This is a huge red flag. How can a builder go from 66 to 0? This makes me super nervous. First-time buyer hoon, aise fraud mein nahin phasna chahta.
Maybe it's a new entity or a subsidiary? But even then, 'TGS' as the main builder with 0 projects is super shady. I'd rather look at something near Airport Road where builders have proper RERA registrations, even if it's under construction.
Haan yaar, '0 projects' ka matlab hai ki builder ka koi track record hi nahi hai. Phir '66 projects' wali baat kahaan se aayi? Yeh toh seedha-seedha misrepresentation lag raha hai. Bohot risky deal hai.
Bhai, DLF Phase 4 mein completed project, sunke hi accha lagta hai. Immediate possession toh tension khatam. But 2.7 Cr in Mohali? Yeh thoda high lag raha hai for a first-time buyer like me. Kya yeh price justify hota hai yahan?
Wait, RERA Not Applicable is one thing. But I just checked on a property portal, TGS builder ka 'Total projects: 0' dikha raha hai! The original post says '66 projects'. Yeh kya confusion hai? Agar zero projects hain, toh credibility ka kya?
Exactly U1! Price toh bahut upar hai. Aur yeh 'Rera Not Applicable' sunke darr lagta hai. Even if it's completed, future mein koi issue hua toh kisko approach karenge?