Review : Investment in T Homes, Siddharth Vihar, Ghaziabad, Loss or Profit

Residential Property Review

CPR Ratings

Investors Vote
[Total: 11 Average: 2.9]

As per Location 
The T-Homes residential project is located in Siddharth Vihar, Ghaziabad.  It’s a 5-acre residential development. This project is the last location of Siddharth Vihar.

Prominent schools & higher education institutes are in close proximity, such as Delhi Public School & Santosh Medical College, etc. The T-Homes is properly connected with NH-24 Highway, Indirapuram, Noida Extension & Noida.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No T-Homes Phase-1- UPRERAPRJ17268
Start/Launch Date 04-08-2018
Possession Date claimed by Builder August-2022
Possession Date (RERA) March-2024
Construction Stage Ongoing
Promoter Name T And T Infrazone Private Limited
Construction Company Self
Architect Name Space Design International
Land Area 5 Acre
Total No Of Apartments 500 +
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government

 

Fact Check 
The T-Homes has approx 500+ flats on just a 5-Acre land which is very dense congested. In fact, in a small residential society, more flats disturb residents living. Leaving in congestion attracts several mental illnesses.

If we talk about the park facing flats of this project, there is no mean of the park facing units beyond the 10Th floors in a small 5-acre residential society.

The Siddharth Vihar is adjoined with a C-grade notorious locality of Vijay Nagar. And the Vijay Nagar is a high-dense slum population without any amenities. Even the Siddharth Vihar is also a slum area, there are several urban poor EWS flats societies such as Kashi-Ram Avas Yojna, Samajvadi Avas Yojna, etc.

At Present the T-Homes is adjoined with a dumping ground and very populated, smelled river Hondon.

The T-Homes markets their flats as India`s first digital housing, which is not true. Actually maximum of digital functions he shows of in their apartments was being introduced by several Indirapuram & Vaishali builders in their residential group housings 10-12 years back such as Assotech Windsor Park, Designarch eHomes, etc.

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T-Homes Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects

PROJECT NAME PRICE (PSF) POSSESSION RECORD/ REMARKS
T-Homes 4,550 Under construction, Possession claimed December-2022
Prateek Grand City 4,500-5,000 Ready to Move
Gaur Siddhartham 2,800-32,00 Under construction, possession February-2022
SG Sikhar Heights 3,100-3,400 Under construction, Possession March-2024
Apex The Kremlin 4,200-4,500 Under construction, December-2020

 

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10-Acre Factor
According to a survey conducted by CPR, the residential projects which are less than 10-Acre area are not as successful, as above 10-Acre residential projects.

A less than or up to 5-acre or less than the 10-acre residential project has not enough space for all the facilities which are required for high-end urban living attractions. let’s check the facts by a table:-

PROJECT NAME PROJECT AREA RE-SALE PRICE/ REMARKS
T-Homes 5-Acre Under Construction
ATS Advantage 23-Acre Ready, occupied, High appreciation
Shipra Shristi 17-Acre Ready, occupied, High appreciation
Shipra Vista 17-Acre Ready, occupied, High appreciation
Krishna Apra Gardens 17-Acre Ready, occupied, High appreciation
Windsor Park 17-Acre Ready, occupied, High appreciation
Prateek Wisteria 15-Acre Ready to Move, good appreciation
Mahagun Moderne 25-Acre Ready to Move, good appreciation
Mahagun Mezzaria 10-Acre Ready to Move, good appreciation
Amrapali Greens Below 2 Acre Ready to Move, No special appreciation
Amrapali Village Below 5-Acre Ready to Move, No special appreciation
GC Centrum Below 2-Acre Ready to Move, No special appreciation
Divyansh Pratham Below 2-Acre Ready to Move, No special appreciation
Lotus Pond Below 5-Acre Ready to Move, No special appreciation

The above table shows that investment in the bigger residential project is very fruitful in comparison to small residential projects.

Advice
It is better to invest, above 10-acre residential projects.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of years.  Because of a huge unsold residential flats inventory available in several ready to move and under-construction projects of Siddharth Vihar and surrounding areas. The construction and possession of this project depend on the sale of apartments/flats so the project may be the delay.

Builders Profile | Track Record

  T Homes, review, ratings,feedback,investment,advice
PREDECESSOR T And T Infrazone Private Limited
FOUNDED 2014
FOUNDERS Omdatta, Ankush Tyagi
KEY PEOPLE Omdatta, Ankush Tyagi
COMPANY | PROMOTERS T&T Group
PRODUCTS Residential Apartments
AREA SERVED Ghaziabad
PROJECTS COMPLETED None
PROJECTS ONGOING T-Homes
DELIVERY TRACK RECORD First Project
NET WORTH
STRENGTH
COMMITMENT Quality construction & maintenance
RISK Updating soon
DEBT Updating soon
LITIGATION  Updating soon
OFFICE ADDRESS H-138, Sector 63, Noida- 201301, India, Phone: +91-(0120) 4111204
BUILDER CATEGORY BRONZE

 

Conclusion
If you are buying for self-use, then no comments. But if buying it for pure investment then there may be a chance for delay appreciation.

CPR Ratings

Investors Vote
[Total: 11 Average: 2.9]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

2 Comments

  1. the editor of this article is very negative about the surrounding of Siddhartha Vihar or maybe he has not researched well enough before writing.

    Some great points about the location.

    1. Well connected to both NH 24 and NH 58.
    2.Well connected to metro (Both Shaheed sthal and Noida electronic city)
    3. 40 acre part to be developed by Avas Vikas. (most likely a Golf Course)
    4. 63-acre land owned by Subhash Gulati Group (two five stars hotel/luxury high rise apartments/shopping mall/super specialty hospital to be made)
    5. Next GIP mall to be made (not confirmed)
    6. Easy connectivity to Delhi.

    Reply
  2. Wrong and old info provided related to Siddharth vihar and T-homes. It will be best society of this well planned area in near future 2 to 5 years.

    Reply

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