Pareena Om Apartments

Strengths

• RERA-registered under RC/REP/HARERA/GGM/330/62/2019/24 (No. 24 of 2019), providing regulatory cover.
• Located on the Dwarka Expressway corridor (Sector 112), with proximity to IGI Airport, proposed metro, and the upcoming Diplomatic Enclave in Dwarka.
• Developer Pareena Infrastructure has obtained Occupancy Certificates for at least 4 other Gurugram projects (Coban Residences, Micasa, Laxmi Apartments, Elite Residences) per RERA filings.
• Amenities exceed typical affordable-housing baseline: gym, multipurpose hall, crèche, landscaped park, fire-fighting system, and 5-year maintenance waiver.
• 90% home-loan availability from leading banks and PMAY subsidy eligibility (up to Rs 2.67 lakh) for eligible original allottees.

Risks

• Severe information inconsistency across portals: possession is variously listed as 2019, May 2023, February 2024, and 2025; tower count ranges from 3 to 5 and floors from 21 to 26. This opacity is a red flag.
• Quietlist.in flags OM Apartments as a project whose 'declared completion date has passed with no completion certificate on record' (listed date 2025-09). Even if the date is forward-dated, the fact that it appears in a compliance-risk database warrants verification on the HRERA portal before payment.
• No recent news coverage, and virtually no organic buyer reviews online (only a single 5-star rating on a listing portal), making it hard to verify construction quality and livability.
• If purchasing at current resale asking prices of Rs 60 lakh-plus, the project competes with ready inventory in more established Gurugram sectors; the value proposition weakens significantly above affordable-housing price bands.
• Sector 112 remains under development; social and retail infrastructure is still maturing, and daily conveniences depend on nearby Palam Vihar/Sector 104.
• Affordable-housing projects often have area restrictions, income caps for original allottees, and lock-in periods. Buyers in resale must confirm that the seller is eligible to transfer and that the unit is not embroiled in allotment irregularities.

Our read

Location:

Sector 112 on the Dwarka Expressway is a transitional growth corridor. It offers strategic access to Delhi and the airport, but current liveability is lower than established sectors like 57, 62, or Golf Course Extension. The proposed metro and expressway completion are key catalysts, yet timelines remain uncertain. Suitable for buyers with a 5–7 year hold horizon.

Price:

At original affordable-housing rates (~Rs 22–24 lakh), the project is compelling entry-level inventory. At current portal asking rates of Rs 58–87 lakh, pricing appears speculative and must be benchmarked against ready alternatives in Sectors 99, 102, or 106–109. Buyers should negotiate firmly and verify the all-in cost including EDC/IDC (waived for original allottees but possibly payable in resale).

Buyer fit:

End-users with budget constraints who can tolerate early-circuit infrastructure; investors betting on Dwarka Expressway appreciation but only if buying closer to original cost basis. Not suitable for buyers needing immediate premium surroundings or certainty on possession.

Market read

Price trend:

Original affordable-housing allotment rate was ~Rs 4,000/sq ft carpet + Rs 500/sq ft balcony, translating to roughly Rs 22–24 lakh per unit. Current resale/listing prices on aggregator sites range from Rs 58.9 lakh to Rs 87 lakh for similar 2-BHK units, implying a steep markup but also reflecting conflicting area measurements (561–699 sq ft). No verified price-appreciation time series was found.

Rental yield:

Data not available in searched sources. A listing portal lists 86 rental properties in the project, indicating some rental inventory exists, but no yield percentages were quoted.

Demand:

Moderate secondary-market activity indicated by 58 resale and 47 rental listings on a listing portal (as of the crawled page). Being an affordable-housing project, demand is price-sensitive.

Resale:

Resale inventory is visible on major portals. However, affordable-housing units typically carry a 5-year lock-in from allotment under Haryana’s affordable-housing policy, so buyers must verify if the seller has clear resale rights and an occupancy/completion certificate.