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Ishita Bajaj
Visited Sakshi Apartment last week, need thoughts on builder.
Visited Sakshi Apartment last week. The pricing around ₹45L looks decent, but I'm honestly worried about the builder's delivery track record. Is their project delivery usually on time, or are there frequent delays? This is my first property investment, so I'm trying to gauge the risk. Also, is its RERA status fully clean? Any insights on past projects and how liquid the secondary market is there? Don't want to get stuck with a delayed project or bad resale potential. What's the general vibe?
#sakshi-apartment#project-delivery#rera-status#first-time-investor#delhi-real-estate
Comments
It's a tricky situation. The ₹42L – ₹49L price range seems competitive, but if the project status is 'null' and there are only 82 units, liquidity in the secondary market could be an issue later. Small projects with questionable builder history often struggle with resale value and finding buyers quickly. You might save a bit upfront, but lose more when you try to exit. My advice would be to look for projects with clear RERA numbers and a strong track record, even if it means stretching your budget a little more.
Thanks for sharing your experience, it's really eye-opening. Coming back to the RERA status, do we have anyone who can confirm the RERA status for Sakshi Apartment? I tried looking it up but sometimes the details aren't very clear on the portal itself. Also, what's the ground reality for approvals and construction delays in Delhi right now, considering the current market conditions?
To answer your RERA question, the best way is to go to the official RERA website for Delhi and put in the builder's name or the project name 'Sakshi Apartment'. If it's not listed or shows 'application received' for too long, then be cautious. Always verify directly.
Haan, delays toh pakka hain. My broker told me most projects are running 6-12 months behind schedule minimum. It's just how things are now.
The RERA website for Delhi is pretty decent, you just need the project ID or builder name. For Sakshi Apartment, if the status is showing 'null', it means it's either not registered yet, or under application, which is a red flag. Currently, in areas like Alaknanda, new projects are definitely facing delays due to material costs and labour issues, so builders are already under pressure.
Bhai, run! Just run! My cousin booked with this builder near Anand Vihar a few years back, and it was a nightmare. They promised possession in 2020, and he finally got it last year, that too after so much chasing and legal notices. The quality was also not up to the mark after all that delay. I'd say, be very careful with projects like Sakshi Apartment; 82 units might seem manageable, but if the builder is notorious, it's a huge risk.
Oh, that sounds awful! Can you share more details about your cousin's project? It would really help us understand what kind of issues to look out for specifically with this builder, like was it construction quality or just paperwork delays?
Sahi keh rahe ho. Builders ka toh bas yahi hai, once you pay, they forget you. Delays are the norm, not the exception, unfortunately. My friend had a similar issue with another builder.
Totally understand your concern! ₹45L is a big amount, especially for a first-time buyer. The price range of ₹42L-₹49L is attractive, I agree, but builder reputation is everything. I've also heard mixed reviews about their previous work, which makes me super nervous.
Visited Sakshi Apartment last week. The pricing around ₹45L looks decent for a first home, but I'm honestly worried about the builder's delivery track record. Is their project delivery usually on time, or are there frequent delays? This is my first property investment, so I'm trying to gauge the risk properly. Also, is its RERA status fully clean, yaar? Any insights on past projects and how liquid the secondary market is there? Don't want to get stuck with a delayed project or bad resale potential. What's the general vibe, community?