R
Ramesh Reddy
posted on 10 MayUpgrading in Bangalore: My tough negotiation experience
Okay I'll be honest — I completely underestimated how tough upgrading in Bangalore would be. Been looking for a 3BHK or villa near Dommasandra, currently in a 2BHK in Whitefield. Visited a few places, Encore Avenues LLP quoted around 1.6 Cr for a 3BHK. Builder wouldn't budge much on the price. I'm wondering, is negotiation for 5-10% off even realistic here, ya? Kitna discount mil sakta hai actually? Already have a home loan, so every lakh matters. Also, which payment plan is better for an investor? Construction-linked vs. getting a bigger upfront discount? Not sure if PLC and floor-rise premium are worth the extra cost for future ROI. Log bolte hain these are just hidden costs. Need advice on total acquisition cost and maximizing the deal.
#negotiation-tactics#payment-plan#dommasandra#investor#3bhk
Comments
It's a tricky situation for sure, especially when upgrading and having an existing loan. Balancing budget, builder reputation, and potential ROI is tough. The points about negotiation tactics and carefully checking all 'extra' costs like PLC are super valid. What did you finally decide, OP? Did you manage to squeeze any more out of them, or are you still looking?
Negotiation is tough, but not impossible. Don't just ask for a percentage off the brochure price. Try negotiating on specific items like registration fees, stamp duty, or even getting some upgrades included (like better flooring, modular kitchen, ACs). Sometimes they won't budge on the base price but will offer these. Also, research the going rate for similar properties in areas like Agrahara Layout or Aishwarya Crystal Layout. Present that data to them. If you're serious, show them you're talking to multiple builders. That puts some pressure. Don't show all your cards at once.
Coming to the payment plan, I'm also confused. Construction-linked seems safer as you pay as they build, but sometimes they offer better discounts for upfront payments. For an investor, what's truly better? And are PLC and floor-rise premium really worth it for future ROI? Log bolte hain these are just hidden costs, but sometimes a higher floor has better views/resale value. Kya karein?
Exactly what U8 said. That upfront discount is real money. PLC and floor-rise? Mostly builder's way to squeeze more. Don't fall for it unless the premium is really justified by an amazing view or location within the complex.
For investors, a bigger upfront discount is usually better IF you trust the builder and have the funds. That discount is tangible money saved today. Construction-linked is good for peace of mind, but you pay the full price. PLC and floor-rise are definitely 'hidden costs' in a way, they add to your total acquisition cost without necessarily guaranteeing a proportionate jump in ROI, especially in a buyer's market like now. Unless it's a truly unique view or a top-tier project, I'd say avoid paying extra for it. Focus on the base price and the discount.
Bhai, Encore Avenues LLP ka track record check kar lena pehle. I heard some mixed reviews about their previous projects regarding possession delays and quality. For 1.6 Cr, you deserve peace of mind. I almost booked with them once in Akshayanagar, but then backed out after talking to a few existing customers. Have you checked their RERA status and possession timelines properly? These things are crucial, especially when you're already stretched with an existing home loan.
U5, mostly delays. Their project near Adigara Kallahalli was delayed by almost two years. RERA status might show 'on time' but check the actual ground reality. Builder reputation is key for such a big investment.
Oh really? I was also considering them. What kind of issues did you hear about?
Yaar, 1.6 Cr for a 3BHK in Dommasandra? That sounds steep, especially if it's Encore Avenues LLP. I thought Dommasandra was still relatively affordable compared to Whitefield. 5-10% negotiation is what I'm also hoping for, but builders toh hilte hi nahi. Kitna discount mil sakta hai actually, yehi samajh nahi aata.
1.6 Cr is definitely high for Dommasandra, even for a 3BHK. Market conditions are tough right now, but builders are holding firm on prices. Negotiation power seems to be at an all-time low. Maybe look at areas slightly further out?
Totally agree! Builders are so rigid these days. I had a similar experience near Aavalahalli, they barely moved even for cash down payment. Har lakh matter karta hai, especially for us first-time buyers.