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Dhanush Pillai
After selling the family home, Gurgaon's 'Budget Homes' feels tricky.
Budget Homes corridor might be past its prime for appreciation, I'm thinking. My kids have moved out, so we're selling our big house and want a smaller 2BHK, manageable, with an elevator, near a good hospital. I'm looking there, but is it still a smart investment or have prices already peaked? What's the ROI looking like for actual residents now?
#budget-homes#investment-thesis#gurgaon-roi#empty-nesters#downsizing
Comments
I agree with U3. My friend booked a flat in a project near Basai Dhankot, thinking it was 'budget'. The builder kept delaying possession by almost 2 years, citing RERA issues. Then he asked for extra charges for 'club membership' and 'IFMS' which weren't clearly mentioned initially. So, be very careful with the fine print and check the builder's RERA track record thoroughly before committing. Budget can become 'over-budget' very quickly.
ROI toh theek hai, but has anyone faced issues with possession or hidden charges in this area recently? Builders are notorious, especially in these 'budget' segments.
Haan bhai, builder ne phir se date extend kar diya lol. My friend is in the same boat, totally frustrated.
U4, absolutely! We booked in a project near Pataudi Road extension, which was marketed as 'Budget Homes'. The builder promised possession in 2022, it's 2024 and still incomplete. They keep asking for payments but construction is slow. My uncle is stuck with EMI and rent both, it's a nightmare. Always check the builder's past projects and financial health.
My brother bought a 2BHK in Baharampur Naya almost 4 years back, thinking it was a steal. He got it for around 45 lakhs. Now similar units are going for 70-75 lakhs, but finding a buyer at that price is tough. The maintenance charges are also becoming a burden, and amenities are not up to par with what was promised. So, ROI on paper looks good, but actual liquidity is an issue.
Sach batau toh, for a 2BHK with an elevator and near a good hospital, this area is still one of the best options in terms of overall value. You might not see 2x returns, but stability is there. Plus, connectivity to Airport Road is a big plus.
U7, rental yield depends on the exact location and building quality. For a property in a well-established society with an elevator and near a good hospital, 2.5% is actually not bad. Plus, you get peace of mind, which is priceless for seniors.
2.5% rental yield? That's quite low for Gurgaon, isn't it? My current rent is higher than what that would fetch.
U2, you're right about stability. My parents live in a 2BHK there, got it 5 years ago. The rental yield is decent, around 2.5%, but capital appreciation has slowed down significantly in the last year. It's more about convenience now than investment.
Yaar, I was also looking at the Budget Homes corridor, especially near Badshahpur. The prices seem to have shot up crazy fast in the last 2-3 years. I'm worried ki ab entry point kaafi high ho gaya hai, appreciation potential kam lag raha hai.