N
Nisha Gupta
posted on 20 MayWorried about long-term risks near IMT Manesar
₹75 lakh for a 2BHK near IMT Manesar seemed fine. After 3 months, I'm seeing hidden risks. Slow infrastructure and vague future connectivity worry me. What red flags do others see for long-term ROI?
#imt-manesar#hidden-risks#gurugram-real-estate#roi-concerns
Comments
It's a tough call. On one hand, Manesar does have long-term potential due to industrial presence and connectivity to the KMP Expressway. But the current market conditions in Gurugram highly favour locations with immediate connectivity and developed social infrastructure. ₹75L for a 2BHK there without clear future plans is definitely a gamble for a first-time buyer. Maybe explore options closer to Dwarka Expressway or even some established sectors with better amenities.
Manesar has always been a tricky proposition for residential. The industrial growth is there, no doubt, but residential infra development is painfully slow. For 75L, you might get something slightly smaller but with established amenities in areas like Badshahpur. The appreciation in Manesar has been stagnant for the last 3 years compared to other parts of Gurugram, where prices have seen a good jump post-pandemic, especially for ready-to-move properties. It's a classic case of 'potential' vs 'present reality'.
U9, check RERA data for projects launched around 2018-2019 in Manesar. Many are still selling below their projected appreciation value even after possession. Compared to, say, Sector 83 or even some parts of New Gurugram, Manesar is definitely lagging in capital appreciation. The rental yield is also not that great there.
U4, any specific data points for that stagnation? Or just general observation from property portals?
Bhai, specific builder kaun sa hai? Aur possession status kya hai? Sometimes it's the builder's track record more than the location itself. Heard some horror stories recently about projects getting stuck for years.
U7, totally agree! Builder ka track record is everything. ₹75L is too much to risk on a shaky builder.
Haan, Green Meadows ka toh naam hi kharab hai. Unke pichle projects, especially near Baharampur Naya, were also delayed by years. Plus, the quality of construction was questionable. My cousin had issues with seepage within a year of moving in. Be very careful with such builders, especially first-time buyers like us.
U3, I think OP is talking about the 'Green Meadows' project. Possession was supposed to be last year, but abhi tak toh adha kaam bhi nahi hua hai. They keep delaying and giving excuses.
Exactly! My friend bought a flat near Basai, and it's been 2 years, still no proper roads or drainage. Manesar could easily be the same story, especially with the 'industrial zone' tag.
Totally feel you, OP. ₹75L for Manesar is a big amount for a 2BHK. I was looking at something similar near Airport Road (Gurgaon side) and got scared off by the same 'future infra' promises. Builders just paint a rosy picture, but ground reality is something else. Connectivity is key for long-term ROI, and if that's vague, it's a huge red flag.