Z
Zara Khan
posted on 4 AprUnder-construction risk is completely overblown in my opinion.
I'm based in Dubai and thinking of investing in Noida. Can't really do a site visit. I was initially scared of under-construction projects after hearing so many horror stories, but tbh, ready-to-move seems overpriced. My budget is around 1.5-2cr. I'm looking at ATS Infrastructure in Sector 15. Their projects look good online, but how's their actual delivery? Is it worth the risk, or am I better off paying a premium for something ready? Also, how easy is it to find a reliable property manager from abroad? Need someone for rental management. Power of attorney is a pain. What do you guys think? Should I stick to ready-to-move for peace of mind, ya phir risk le loon?
#under-construction#ats-infrastructure#nri-investment#property-management#sector-15
Comments
Also, factor in the cost of registration and stamp duty. It's a significant amount. And don't forget about GST on under-construction properties.
Haan exactly, Noida mein yahi problem hai. Hidden costs bahut hote hain.
Good point. Budget should account for these extra expenses.
Honestly, with the new Noida-Greater Noida metro line extension, even sectors further down are becoming attractive. Maybe broaden your search beyond Sector 15?
True that! Connectivity is key. Sectors along the metro line are a good investment.
So, what did you decide? Ready-to-move ya phir risk liya?
Power of attorney is a pain, but you can get it done in Dubai through the Indian embassy. It's not as difficult as it sounds. But yeah, finding a reliable property manager is the real challenge. Ask for recommendations from other NRIs.
Check amenities completion before booking, I made that mistake in my last purchase. Builder promised a swimming pool and gym, which are still under construction after 2 years! Sector 150 ka avg rate 7k/sqft hai abhi, for reference.
I'd say, given your situation and budget, explore ready-to-move options first. If nothing clicks, then consider a nearly completed under-construction project after thorough due diligence.
What's the carpet area you're looking for? That'll help narrow down your options.
Under construction can be a good deal *if* you do your homework. Check the builder's track record, financial stability, and the project's progress. But if you're risk-averse, stick to ready-to-move.
Don't just look at online pictures. Try to find someone in Noida who can visit the site for you and give you a real-time update. A friend, relative, anything.
Ready-to-move premium is worth it for peace of mind, especially when you are sitting in Dubai. Imagine dealing with construction delays from there! Nightmare!
I think it depends on the specific project and the stage of construction. If it's near completion, the risk is lower. If it's just started, run away!
1.5-2cr is a good budget. Have you considered resale in a good society? You might find a better deal than a new, overpriced ready-to-move flat.
ATS? Hmm... My friend bought in their Golf Meadows project. Possession mila kya?
Not yet, bhai. Almost a year delayed. He's pulling his hair out!
Golf Meadows is a different story. That project had some land acquisition issues. Sector 15 is generally safer.
Bhai, Noida mein under-construction is like playing Russian roulette. But ready-to-move prices are crazy high right now. It's a tough call.
I bought in Sector 75 three years ago. Under construction tha. Biggest mistake of my life. Builder ne phir se date extend kar diya lol. Abhi tak possession nahi mila. Stick to ready-to-move, trust me.
Sector 15 is a great location, no doubt. But ATS... I've heard mixed reviews. Check their financial stability. Are they heavily leveraged?
Good point. Financial stability is key. Especially with the current market conditions. Rising interest rates are killing some builders.
How do you even check that? Is there a website or something?
Under-construction risk is overblown? Bhai, you haven't been burned yet! ATS is decent, but double-check their RERA registration and past project delivery. Sector 15 is prime, but delays can kill you. Ready-to-move gives peace of mind, especially when you're overseas.
I agree with U1. Under construction mein risk toh hai. But the potential gains are also higher. Depends on your risk appetite, I guess. ATS ka reputation mixed hai. Some projects are good, some are delayed. Do your due diligence.
1.5-2cr mein Sector 15? You'll get a decent 3BHK. But honestly, finding a reliable property manager from Dubai will be a headache. Power of attorney is almost unavoidable. I'd lean towards ready-to-move for that reason alone.