S
Suresh Reddy
What nobody tells you about New Delhi 3BHK upgrades
₹1.5 crore for a 3BHK in New Delhi feels like a huge jump from my current 2BHK. I'm looking at Shiv Apartment and Saraswati Apartment. Shiv is ready-to-move, but Saraswati is still under-construction, which makes me nervous about delays. Already have a home loan, so can't afford surprises. Is the floor plan and usable carpet area actually better in one over the other? Also, for a 5-year appreciation, which one seems like a smarter bet? Honestly not sure if the premium is justified.
#new-delhi#3bhk-upgrade#apartment-investment#possession-risk#floor-plan
Comments
It's a tough call, OP. Shiv, being ready, gives you immediate possession and no delay risk. You can also inspect the actual flat. But Saraswati, being under-construction, might offer a slightly better deal per sqft if you're lucky, and potentially higher appreciation if the project finishes on time and the area develops. However, the risk of delays, quality compromises, and even builder insolvency is real. For a first-time buyer with an existing home loan, minimizing risk should be a priority. Have you tried negotiating the price for Shiv? Sometimes ready projects have more flexibility. What did you finally decide?
U14 has a balanced view. It's truly about risk appetite. For me, safety first. I'd rather pay a bit more for Shiv and sleep peacefully than chase higher returns with Saraswati and constantly worry.
Ugh, this whole process is so draining. Wish someone would just tell us what to do!
U13, appreciation in Delhi for established areas like where Shiv might be, is generally steady, not explosive. You won't see 2x returns in 5 years like some stories from Gurgaon or Noida. It's more about stability. Like properties in Ansal Villas, they hold their value well but don't skyrocket. If you want high appreciation, you might need to look at far-flung areas with higher risk.
My advice to any first-time buyer: avoid under-construction if you can. The mental stress of delays, quality issues, and builder not responding is just not worth it. I booked a flat 4 years ago, was promised possession in 2 years, still waiting. Builder ne Covid ka bahana diya, then material cost ka. Ab toh lagta hai kabhi milega hi nahi. The interest on home loan keeps piling up. Better to pay a slight premium for ready-to-move like Shiv, at least you know what you're getting and when. Don't repeat my mistake.
But for appreciation, Shiv Apartment jaise ready projects mein kya potential lagta hai? Already priced high, toh 5 saal mein kitna badhega?
Sahi keh rahe ho U11. Ready-to-move mein jo mental peace hai, uska koi mol nahi. Even if you pay a little extra, you save yourself from endless tension and EMIs without a home.
Forget the price for a moment, let's talk usable carpet area. Builders often quote super built-up area which is misleading. For 1.5 Cr, you need to ensure you're getting actual living space. Shiv and Saraswati, what are their RERA carpet area figures? That's the only number that matters for space. Often, under-construction projects promise bigger but deliver smaller usable space.
Carpet area is the biggest scam man. They show you a palace on paper and give you a matchbox.
U7, you hit the nail on the head! I almost fell for a project near Anand Niketan. They showed me a beautiful layout but the actual carpet area was tiny compared to what they claimed. Always ask for the RERA carpet area certificate and double-check on-site if possible. For Shiv, since it's ready-to-move, you can actually go and measure!
U6, Saraswati ke builder ka mixed reviews hain. Kuch projects time pe diye hain, kuch mein substantial delays. Right now, market conditions in Delhi are a bit slow, so builders are also struggling with liquidity. That's why ready-to-move has an edge for peace of mind. But yes, carpet area is key.
Haan yaar, same boat! My current 2BHK feels so cramped now. The premium for a 3BHK is steep but I'm thinking long-term. My cousin bought in Alaknanda a few years back and the appreciation has been decent. But yes, ready-to-move vs under-construction is the biggest headache. For 5-year appreciation, sometimes under-construction can give better returns if the area develops fast, but the risk is huge.
Sahi kaha. Saraswati ka builder reputation kaisa hai? I've heard some builders are notorious for changing floor plans last minute. Usse bhi darr lagta hai.
U3, RERA is a good step but still, builders find loopholes. My uncle booked in Anand Vihar, project was RERA registered, still got delayed by 2 years. They just pay a small penalty. You have to check the builder's past projects, talk to existing residents if possible. That's the real ground reality check. Saraswati ka builder kaun hai?
Bhai, 1.5 crore for a 3BHK in Delhi is a massive jump, I totally get your hesitation. I'm also looking to upgrade from a 2BHK and the prices are just insane. Shiv Apartment being ready-to-move is a huge plus, honestly. Saraswati ka under-construction sunke hi dar lagta hai, delays ka toh pata hi hai Delhi mein.
Totally agree with U1. Under-construction projects are a nightmare for first-time buyers like us. My friend got stuck for 3 years with a project near Dwarka. Did you check Saraswati Apartment ka RERA status aur builder ka track record, OP? Bahut zaroori hai.
Exactly! 1.5 Cr mein toh ek chhota plot mil jaata tha pehle. Ab toh bas flat ka down payment banta hai. Budget pura hil jaata hai.