I would suggest try to hold on till the time your property appreciates to a level where you make some profit..Under-construction properties are risky proposition with any builder nowadays in absence of RE-Regulator.. I am afraid you have to live with it and wait patiently for appreciation to happen for your property...

Best Wishes..

Let me try and comfort you first. There are more than 10000 people invested in Unitech's property and are sailing in the same boat due to various reasons (not taken possession/constructed but not delivered,not started construction,construction in snail pace,litigation, poor quality than promised) So you are not alone. Chill. Only the difference is the impact is higher in your case since u have booked for end use.
Pl continue to pay EMI for next 2 yrs if your financial position permits you, as this is Vista is an excellent location and there is a room for a decent capital appreciation in long run.
Other wise sound all brokers/friends/forums your intentions of selling this unit.
I am sure u will have a buyer at least for the same price if not loss. As they say" One man's meat is other man's poison" So your poison might look yum meat to other investor. Dont be panic.
You made two mistakes (Unitech+DP) The only advantage of Investing in Unitech is you will get a good location. Location sells.

I second that thought , Please calm yourself dowwn at the end of the day , If you keep the property , you will get out of it in profit only , just give it some time , Vista will appreciate to 5200-5500- levels pretty soon , So Hold on tight and you will be a happy man , Even if this scenario doesnt happen soon enough , Just Bear the brunt and take it as a lesson for life .........After all its just money , Not your life .....

Well said bhalla jee!! :D
Par its easier to preach than to practice. Desi mein kahun to
"Kehna aasan, okha kar ke vekhana".
Vista surely will appreciate one day but it will go to 5200-5500 levels pretty soon, doesnt seem likely with the mess unitech is in. If the company doesnt pull up its socks soon enough, I see Vista going to sub 4000 levels than those mentioned by you.

But yeah, I subscibe to the advise given by you. In such a scenario, its better for Kumarjee to keep paying his EMI instead of trying to book losses. If the EMI is becoming unbearable for him only than he should think about selling it off.
Unitech has weathered off many-a-storms and will, hopefully, manage to come out of this one as well and on that sweet day,Vista will be an excellent end use preposition.

Rajat jee!!

Yeh to market ki neeyat hai.. Unitech right now a is a synonym for party for the bears right now and mauka milega to chauka maarne waale to kadam kadam pe milenge.

Resale rates being officially quoted are around 4700--4800 for vista and 4500 for sunbreeze, although, I have got calls for distress deals at around 4100 for sunbreeze and 4300 for vista. But, right now:-

1) I am already in the middle of a resale deal. Dont have the money.
2) Sach poocho to mujhe unitech se dar lag raha hai.:(:(:(

Unitech's projects launched in 2006 are at least 2 years or so away from possession. Then they have to complete projects launched in 2007, 2008....So, you have to be prepared to pay EMIs for at least next 5-6 years before you can even think about possession as an end user. I'm sorry to say but this is the price that you have to pay for trusting a builder and buying on DP without checking the status of old projects of this builder.

If you ever reach near break-even point on your investment, then exit without thinking twice but I don't believe that you will find a buyer in near future unless you are ready to sell at loss.

Kumarjee!!!


What is completion date as per builder??What is the delay by builder clause in the BBA?
Why dont you sue him for damages after the date is over??

Save your hard earned money. Quickly sell the property out for 4K.

Sharks out to hunt for tunas !

There is something major MISSING in this calculation...

Compounded interest on the Rs 15 Lacs down payment by you +

the Compounded interest on the EMIs being paid by you...?

minus... the equity you are gaining (which will be considerably less than the compounded interest you are losing)

Exiting may be a good option... though difficult to tell!

This is a genuine pblm many investors are facing but dont want to disclose/discuss..
Its like keeping eyes closed and thinking all is well... the rate at which property prices going up..is it justified...

Jab Vista ka ye Hall hai, what will happen to those who bought Crestview,South Park at much Higher Rate.Much Hyped Unitech Residency has seen no progress in last two years,None of these project are going to give possesion before 5 yrs,same is situation with Golf Course Ext projects,the way work is progressing on ground,I get shivering when think of D Eway etc,Those who are investing on high Loan amount are going to face tough time in days to come.There are no buyers in market.Rate quoted may be anything,you get real pic when you go to sell.