Introduction
The Gokul Dham Society in Hansi offers over 600 residential plots, promising convenient access due to its location on the national highway. Project features 6 parks, a community area and a commercial zone. As on March, 2024 2 entry gates were ready along with boundary wall. In this article we will analyze the project from an investment perspective, highlight its key upsides, downsides & red flags. Let’s start with the details of the project.
Gokul Dham Society – Project Details
- Project – Gokul Dham Society, Hansi
- Location – NH-9, near Hansi bypass. – Map
- Connectivity – NH-9, Old GT Road(Inside Hansi)
- Plots – 600+ Plots
- Plot Size – 98 – 178 yards
- Project Details
- 2 major roads inside society.
- 6 Parks
- Commercial Zone
- Plot Size – 100 yards each
- Price – Rs. 1L / yard
- Construction – They will build the ground floor of all the shops, construction cost to be born by buyer.
- Community Area
- Gym
- Swimming pool
- Gaming area
- Club house
- RERA No – Not Available
- Progress as on March, 2024
- 2 Entry gates ready
- Boundary ready
- Internal Roads – Not ready
- Sewerage – Not ready
- Waterline – Not ready
- Cost – Rs. 30,000 per yard
- Payment Plan
- Booking – 50k or 1L
- 25% – in 1 month
- 25% – in 2 months
- 25% in another 2 months
- 25% in another 2 months
- Possession – No clear date.
Project Risk Assessment
However, before committing your money to this project, a careful analysis of the benefits and considerable risks is necessary. There are few upsides and downsides of the project along with some big risks, let’s dive deeper into them.
Potential Upside of Gokul Dham Society
- Prime Location: Its adjacent to NH-9 which is only road connecting western Haryana like Hansi, Hisar, Sirsa. One of its Entrance is directly from national highway. While the second entrance in on city side, which provides seamless connectivity to the Hansi City.
- Hisar Airport: The Maharaja Agrasen Airport in Hisar is just 30 mins from this property. The Hisar airport is in its Phase 2 of development which means they will start commercial flights in 2024. Giving Hisar and nearby cities another means of connectivity and reason for development. Additionally, the airport is planned to be upgraded to an international airport by 2030.
- Flexibility: Residential plots offer the freedom to build a home tailored to your needs and budget.
- Gated Society: Moreover, Developer is building a gated society which means basic amenities like sewerage, water & security will be taken care of with some monthly maintenance fees. This makes the property a good attraction for families.
Red Flags of Gokul Dham Society
No RERA Approval: This is a serious concern. Without RERA (Real Estate Regulatory Authority) registration, the project’s legality and the developer’s accountability are questionable.RERA Number is available now.- Incomplete Development: The lack of roads, utilities, and even proper parks indicates the project is in its very early stages. Your possession would be unusable for a long time, delaying potential returns.
- Aggressive Payment Plan: The focus on collecting large down payments and installments raises doubts about the developer’s commitment to timely completion.
- High Pricing: Rs. 30,000 per yard seems steep for Hansi. Compare it to established residential areas away from the highway to gauge if the location genuinely justifies this price.
Key Questions to Investigate Before Investing
- Who is the developer? Research their reputation and track record for successfully completed projects.
- Zoning and permissions: Verify with local authorities that the project has all necessary approvals and that the land is truly intended for residential use.
- Development Costs: Understand the true cost of establishing utilities, potential maintenance fees, and any other hidden charges.
- Market Demand: Is there genuine buyer interest in Hansi for projects of this scale? Oversupply could hinder future sale prices.
Unreal Investor’s Opinion on Gokul Dham Society
While the highway location holds some promise, the risks far outweigh the potential benefits at this stage. Without RERA approval, unclear development timelines, and a high price point, investing in Gokul Dham Society is a substantial gamble. If you’re considering land investment in the Hansi area, explore other projects with established developers and a stronger track record.
Important Disclaimer
This analysis is based on limited publicly available information. It is NOT a substitute for thorough due diligence. Consult with real estate professionals, lawyers, and local authorities for personalized advice before investing.
Updates
June 15, 2024 – RERA Number is still not available. A new website www.gokuldham.net appeared to be official website, but its still under development. We can’t say for sure if its official or made my some agent.
October 1, 2024 – RERA Number issued by Haryana Govt. – Link
