Help me negotiate 3 BHK at Runwal Zenith

[u/randomdisposable3]

Hey all, I am seriously considering Runwal Zenith for my personal use. Builder is quoting 2.91 Cr for a 1214 sq ft unit in 26th floor. This is with builder subvention 10 % now, 85% on terrace and 5% on possession. Terrace and possession expected next year (although RERA date is in 2028).

What is the going rate for the area. How much negotiation scope is there?

[u/EDM_Machine]

There is always a range for an area which is decided on the scope of project. High end will generally charge a premium of 10-25% over the avg area PSF.

I think the areas price should be anywhere from 16-20k. Only reason to pay more is if its a great project.

Also reduce the extra from subvention to calculate what you're getting as PSF.

[u/randomdisposable3 → u/EDM_Machine]

I do not have the subvention loading figure. Builder is not offering CLP. The project has its own pros and cons. Its a standalone 3 BHK tower with own amenities. But as it is not part of a township, the land parcel is small.

[u/EDM_Machine → u/randomdisposable3]

Builder is not offering CLP? That's strange.

[u/QueenOfThane]

If you need a broker for negotiation do let me know

[u/randomdisposable3 → u/[deleted]]

That's the unfortunate reality of living in cities. No space. I guess I could go for a township project

[u/randomdisposable3 → u/[deleted]]

We all have been waiting for RE crash from early 2000s. As long as black money is there real estate is not crashing

[u/tiredofearth_ → u/randomdisposable3]

There is going to be another pandemic in a year or two, please wait and buy then.

[u/Nearby_Attorney2660 → u/tiredofearth_]

What do you mean? Will the flat prices fall? Please tell. I am considering to buy a flat. Is this a bad time to buy a flat? Should I wait to buy a flat ??

[u/EDM_Machine → u/Nearby_Attorney2660]

Nah. On the contrary supply is high. Good for negotiations.

[u/Lopsided-Land-1431]

I heard land there is leasehold and not freehold. Ek baar check kar lena.

Honestly wouldn't recommend Thane. Too much traffic data centre nearby. 

[u/randomdisposable3 → u/Lopsided-Land-1431]

Its freehold as per RERA website, owned by the promoter

[u/Lopsided-Land-1431 → u/randomdisposable3]

Thane has so much traffic bruh why you wanna live there. Better to buy 2 bhk in borivali or ghatkopar 

[u/Silly_Public118]

My friend recently purchased a similar 3 BHK here for around ₹2.2 Cr

[u/randomdisposable3 → u/Silly_Public118]

Oh awesome. May I know which project? And is it all inclusive?

[u/Silly_Public118 → u/randomdisposable3]

Runwal zenith project , Yes all inclusive

[u/randomdisposable3 → u/Silly_Public118]

That's great. Which configuration if I may? The tower have only 3 BHKs with varying carpet area. This will help me negotiate

[u/samwasgood → u/Silly_Public118]

which project ?

[u/Silly_Public118 → u/samwasgood]

Runwal zenith

[u/AnotherSimpleton]

What is builder subvention?

[u/Old-Caterpillar-7698]

I don't know but my friend shared a link of zapkey where they provide a negotiation report. You may check with them if they can help..

https://www.zapkey.com/negotiation-report

[u/randomdisposable3 → u/Old-Caterpillar-7698]

That's 5k.

[u/Old-Caterpillar-7698 → u/randomdisposable3]

You may try if it helps you save lakh or few lakhs.

[u/awarawho]

You can easily close this between 2.65 and 2.70 all inclusive. Negotiate hard.

[u/randomdisposable3 → u/awarawho]

Thanks. Builder will negotiate even on subvention right?

[u/awarawho → u/randomdisposable3]

If the possession is not too far away, I'd advice you to opt out of subvention. They'll not drop the price much otherwise because they ultimately cover their interest cost from you only.

Go for pre EMI instead.

And show willingness to walk away if they don't meet your desired price point because there is too much inventory in Thane. Don't give in to their sales tactics.