sno247

Megapolis Smart Homes2 - Agreement value is approx. 90% of the total cost. WTF...
Builder certainly wants lock in the clients and make cancellations difficult.

In Phase-I also they were cutting lot of amount if anyone wanted to cancel.

pnb_2k

It is really waste in investing in underconstruction property.I would say it is like gamble.
Pros:
(1) Rates appriciate when u actually take posession of the property

Cons:
(1) u need to pay rent as well as EMI which put heavy burden on your pocket.
(2) u never know if construction halts/delayed by builder for some reason(like recession, less bookings).
(3) u can not point out much on quality of work, since u have already given money to builder
(4) if u cancel booking, u may loose your money
(5) u never know that area will develop, as u expected while booking.
(6) tension due to point 1 to 5

So if it a reputed and good builder(track history) then only better to invest in underconstruction property else try for ready posession.

get2sharad

Baner area with good amenities around is going more than 40L. That's what I saw generally, individuals need to explore more.