Under-construction flats: Am I overthinking the risk?
Krishna Kunj keeps coming up every time I shortlist something. Honestly, I'm a first-time buyer and super confused about under-construction projects. Everyone glorifies the "new flat" feel, but nobody talks about the actual delivery risk. I'm looking at a 2BHK from Ansal API there, and the price is good, but the completion date feels so far off. My parents keep saying new is better for appreciation, but what if it gets delayed by years? It feels like builders just give a date and then it's a waiting game. I just heard about OC issues with a project nearby, makes me nervous. Should I just look for resale flats instead? At least then you know what you're getting, right? I'm not sure if the initial cost saving is worth all the stress for a first home. Change my mind.
Comments
Dekho, Ansal API ka track record Krishna Kunj mein mixed reviews wala hai. But if the price is genuinely good, sometimes the risk is worth it for the appreciation. Just check their RERA details properly for that specific project, especially the revised completion dates.
Totally understand your fear, yaar. My parents also push for new, but the thought of EMIs and no home for years gives me nightmares. Resale seems less risky, at least you know what you're getting into right away.