M
Manisha Mittal
posted on 2 AprUnder-construction risk in Noida is totally overblown
I work in real estate but buying for myself is different, right? Advetaya Constructions in Sector 63A looks promising, but under construction. Ready-to-move costs more. EMI vs rent is a headache either way. Community, what's your take? Should I risk it for potential gains?
#under-construction#sector-63a#emi-vs-rent#investment-advice
Comments
So, what are you leaning towards now, OP? Still considering Advetaya?
Honestly, if you can stretch your budget a bit, go for ready-to-move. Peace of mind is worth the extra cost.
Bhai, this builder ka track record bahut poor hai. I know someone who booked with them in Ghaziabad and is still waiting for possession.
Sector 63A is a good location but under construction is a big risk. Weigh the pros and cons carefully.
Current market conditions are tough. Interest rates are going up, and property prices are also rising. It's a tough decision.
Builder ne phir se date extend kar diya lol. This is the story of every under-construction project in Noida.
Ultimately, it depends on your risk appetite and financial situation. Can you afford to wait and potentially face delays?
I'd say visit the site multiple times. See the construction progress yourself. Don't just rely on brochures.
Under construction projects mein delays are almost guaranteed. Add at least 6-12 months to the promised date.
Advetaya Constructions... hmm, I remember reading some negative reviews about them online. Do your research properly.
Check amenities completion before booking, I made that mistake. Paid for a swimming pool and gym that are still not functional after 2 years.
Thanks everyone for the advice! Definitely taking notes and doing more research. RERA check, site visits, and hidden costs – got it!
Sector 63A is good for investment, but only if you are willing to wait. Metro connectivity and IT hub proximity are big positives.
What's the price they're quoting per sq ft? Compare it with other under-construction projects in the same sector.
Around 6500-7000 per sq ft, depending on the floor and facing.
Don't forget to factor in hidden costs like parking, club membership, etc. Builders love to add these later.
Possession status kya hai? When are they promising completion? Get it in writing!
RERA date is usually the promised date, but builders often extend it using loopholes.
EMI vs rent is a big factor. Calculate properly. Interest rates are also rising. Under construction mein you'll be paying pre-EMI for a long time.
I bought in Sector 75 under construction 3 years ago. Abhi tak possession nahi mila! Builder is making excuses. Never again.
Sector 75 is notorious for delays. Which project, if you don't mind sharing? So others can be warned.
Mera bhi same experience tha 2 years ago in Sector 150. Finally got possession but after a lot of fight.
Under-construction is always a gamble, but Sector 63A is developing fast. Advetaya... hmm, haven't heard great things. EMI vs rent is a killer, I feel you. But gains potential? Maybe. Risky hai bhai.
Haan yaar, risky toh hai. But ready-to-move mein toh rates already sky-high hain. Sector 63A ka location toh mast hai, Metro connectivity bhi hai. Dilemma hai boss.
Advetaya? Be careful. RERA registration check kiya? Delayed projects toh nahi hain inke? Don't just go by the promises.
Good point. RERA number is UPxxxx. Website pe check karo, U3 is right. Delayed projects ka record nikal jayega.
Exactly! Builder ka past record is crucial. My friend got stuck with a project in Greater Noida West. 5 years delay!