V
Vipin Dwivedi
posted on 18 MayUnitech Espace Premiere financial health is scary
₹1.8 Cr for a 3BHK in Unitech Espace Premiere, Mohali, sounds okay. But honestly, I'm super worried about their financial health. Currently in a 2BHK in Sector 65, thinking of upgrading, par Unitech ka track record sunke darr lagta hai. Kya project time pe deliver hoga ya adhoora reh jayega? Already home loan hai, don't want to get stuck. Any tips on checking builder's financial stability before booking? Matlab, bank approvals ke alawa aur kya dekhe to avoid future issues?
#mohali#unitech#financial-risk#project-delay#3bhk
Comments
I think the ₹1.8 Cr for a 3BHK is definitely attractive, especially given the rising property prices everywhere. But the core issue here is trust. Unitech, being established in 1971 with its HQ in Gurgaon, has a long history, but recent years have been tough for them. The original poster is right to be worried. My advice would be to talk to existing buyers in Unitech Espace Premiere if you can find them. Join any Telegram or WhatsApp groups related to the project. What's the latest update on its construction progress? Has anyone recently gotten possession or heard concrete timelines?
Toh U1, what did you decide finally? Did you find any more info on Espace Premiere?
Exactly, U10. As first-time buyers, hum log toh bas builder ki marketing aur price mein phas jaate hain. Aur jab tak problem hoti hai, tab tak bahut der ho chuki hoti hai. It's like a trap.
Considering current Gurugram market conditions, where even a decent 2BHK can cost upwards of 1.2-1.5 Cr in good sectors, 1.8 Cr for a 3BHK in Mohali sounds okay *if* the builder was reliable. But with Unitech, it's a huge gamble. Mohali market is also growing, but builder reputation matters most. Don't just look at the price, look at the peace of mind.
Yaar, but Mohali mein Unitech Espace Premiere ki kya situation hai? Kya woh RERA registered hai aur uski current construction status kya hai? Bank approvals ke alawa aur kya documents check karein to understand builder's cash flow ya liabilities?
Itna sab kuch check karna padta hai, tabhi toh darr lagta hai. First-time buyer ke liye toh yeh sab headache hai.
U6, financial health check karne ke liye sirf RERA کافی nahi hai. Builder ki annual reports, balance sheets dekho agar public limited company hai toh. Private mein mushkil hai. Banks usually project-specific loans dete hain, toh dekho kitne banks ne us particular project ko approve kiya hai. Also, check for any ongoing litigation against the builder, especially related to previous projects. Sometimes, builders divert funds from new projects to complete older, stalled ones, which is a big red flag. Ask for the project's escrow account details if possible, where buyer funds are supposed to be kept.
My personal experience with Unitech in a project near Badshahpur was a nightmare. Booked a flat in 2012, was promised possession by 2016, but it's still stuck. The builder went through NCLT, and now it's a legal battle. My EMI is going on, and rent is also going. It's a huge financial and mental stress. I'd say, be extremely cautious with Unitech, no matter how good the deal looks on paper.
Bhai, Unitech ka naam sunke toh waise hi darr lagta hai. Unka track record pichle kuch saalon se bahut problematic raha hai. Gurgaon mein bhi kitne projects adhoore pade hain. 1971 se company hai, par abhi financial health theek nahi lagti. Mohali mein bhi same haal na ho jaye.
Sahi kaha U2! Builder ka financial health check karna bahut zaroori hai. RERA website pe builder ka financial disclosure aur project status check kar sakte ho. Bank approvals toh mil jaate hain par woh sirf loan eligibility dekhte hain, project ki actual progress nahi.
Totally agree yaar. Meri ek relative ne Unitech Vistas mein invest kiya tha Airport Road (Gurgaon side) par, abhi tak possession nahi mila properly. Sirf dates pe dates mil rahi hain.