Under-construction projects: NRI's real headache
Under-construction projects in Gurgaon feel like a massive gamble, especially for NRIs. I'm based in Dubai, and honestly, it's so hard to track progress ya, can't do site inspections myself. I was looking at a 3BHK on Dwarka Expressway, around ₹2.5 Cr from a known builder, but the RERA delays worry me. Builder ka track record bhi dekhna padta hai. Is ready-to-move (RTM) the only safe option now for someone like me? Even then, quality of construction and hidden charges, like PLC or high maintenance, ka darr rehta hai. For an RTM flat, what's a realistic rental yield expectation in areas like Golf Course Extension Road? I'd need a property manager, so that cuts into the yield too. Any advice on managing UC investment risks from abroad? Or should I just stick to RTM, even if it means a higher upfront cost? What about signing a Power of Attorney? Heard some horror stories there too.
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Totally relate! I'm not an NRI but even for us living in NCR, tracking UC projects is a nightmare. My brother booked a flat in a project near Airport Road (Gurgaon side) years ago, still waiting for possession. Builder keeps delaying, RERA mein bhi dates aage badh jaati hain. The ₹2.5 Cr for a 3BHK on Dwarka Expressway sounds okay if it's a good builder, but the 'known builder' part is tricky. Sabki stories hain. I'm also stuck between RTM and UC. RTM ka problem hai ki ready hai, toh premium bhi zyada, aur quality check kaise karein before buying?
Sahi kaha, bhai. Mera