Under-construction appreciation claims are often just hype.
₹25k rent again this month for a 2BHK... honestly, I'm done. Looking at Sohna, Shree Silver County is ready but Breez Flora Avenue 33 I is ongoing. Is the under-construction gamble worth it for potential appreciation? What about the total cost difference, including all the hidden charges and PLC?
Comments
The potential appreciation for under-construction is usually when the project is in a developing area or by a very reputed builder. Breez Flora Avenue 33 I, I'm not super familiar with their track record. For Shree Silver County, since it's already completed, you can check actual rentals in the area to see if it makes sense. What's the rent for similar flats in Sohna right now?
Good point. I've heard Sohna rents are picking up but still not super high. For 1.8 Cr investment, you'd want more than 25k rent to justify it, if you're looking at it purely as an investment. But for self-use, peace of mind is key.
Hidden charges are the real killer, especially in under-construction. PLC, EDC/IDC, club membership, car parking, power backup... it all adds up. Sometimes the 'lower' under-construction price ends up being similar to ready-to-move after all these. Always ask for a 'total cost' sheet, not just per sq ft price.
And don't forget the fit-out costs! If you get a bare shell in under-construction, you'll spend a fortune on interiors. Ready-to-move often comes with basic fittings, saving you some initial cash.
This is so true! My friend got a shock when his 'affordable' flat in Basai suddenly became 15% more expensive because of all these charges. Builders don't make it clear upfront.
I'd say go for ready-to-move if your budget allows. The mental peace of knowing your home is there, no construction delays, no builder tantrums. Shree Silver County has 89 units, so it's not a massive project, might be easier to manage. What about the maintenance charges there?
See, under-construction main you save on the initial price. But then you pay EMI and rent both, sometimes for years. And the appreciation? It's not guaranteed anymore. Gurugram market is stable, but not booming like it used to. My uncle bought near Airport Road (Gurgaon side) years ago, that was a different time.
But isn't the price for Shree Silver County already quite high? 1.8 Cr for a 2BHK in Sohna seems steep for a first-time buyer. Under-construction might be cheaper per sq ft initially, even with the GST.
Sahi baat hai. My cousin invested in an under-construction project near Badshahpur expecting huge returns, but the project got stuck for 3 years. He had to sell it for almost the same price he bought it for, after paying EMIs for so long. It's too risky now.
₹25k rent again this month for a 2BHK... honestly, I'm done. Looking at Sohna, Shree Silver County is ready but Breez Flora Avenue 33 I is ongoing. Is the under-construction gamble worth it for potential appreciation? What about the total cost difference, including all the hidden charges and PLC?
Shree Silver County is completed, right? I heard their RERA number is 73 OF 2023 DATED 03.07.2023. That's good, means it's proper. But 1.8 Cr se 2.7 Cr is a huge range, what exactly are you getting for that?
Yaar, same boat! Rent is killing me. Under-construction ka appreciation toh sab bolte hain, but delays ka kya? My friend booked in Baharampur Naya, builder ne 2 saal late diya, uska toh budget hil gaya pura.