D
Debashish Banerjee
Allure Aadya Tower: My investment dilemma
Visited Allure Aadya Tower last weekend. It's completed which is a huge relief, honestly, fed up of renting yaar. My landlord just raised rent again, so I'm thinking of finally investing to build some equity instead of paying EMI to someone else. What's the real capital appreciation been like for Aadya Tower since its launch? Has anyone here tracked prices closely? Also, for rental income, what's a realistic monthly yield for a 1BHK or 2BHK there? Is the resale market liquid enough, like can you actually find buyers easily if I need to exit in 5-7 years? I'm not sure about Allure Group's overall track record, any insights on their other projects? Just want to make sure my investment isn't stuck.
#investment#greater-noida#allure-aadya-tower#rental-yield#resale-potential
Comments
The resale market liquidity is a big question. For projects in this price bracket, finding buyers quickly in 5-7 years can be a challenge unless the area sees massive infrastructure development. It's not like Alpha I where demand is always high. You might have to reduce your price significantly to exit fast. I'd say do a deep dive into the specific sector and future plans for that part of Greater Noida before committing.
For rental income, 1BHKs in that segment usually fetch around ₹6,000-₹8,000 in similar completed projects in Greater Noida, depending on the exact location and furnishing. For 2BHKs, maybe ₹9,000-₹12,000. It's not a very high yield area for rentals, honestly. You need to do your math properly on the EMI vs. rent outgo.
Exactly what I was thinking. The current market in Noida is a bit tricky for rental yields. Unless you're getting a really good deal on the purchase price, rental income alone might not cover your EMI. Capital appreciation is the main bet here.
That rental income sounds a bit low compared to the property price. If a 1BHK costs 12 lakhs and only gives 7k rent, that's less than 7% yield. Plus maintenance, property tax. Doesn't seem like a great investment from a rental perspective right now.
Bhai, be careful with Allure Group. Their track record isn't the best. I know someone who had issues with another one of their projects near Alpha-II Greater Noida, delays were common and quality was compromised. For capital appreciation, you need to look at the location's future potential, not just past trends. What's the exact price they quoted you for a 1BHK or 2BHK? Because 10-21 Lakhs is a huge range.
You're right about the price range. For a 1BHK, they showed me a 12 lakh option, and for a 2BHK, it was closer to 18-19 lakh. Is that competitive for the area, considering it's ready-to-move?
Not all their projects are bad though. My friend got possession from them a year ago in a different project and it was on time. Maybe Aadya Tower is different since it's already completed?
Haan, I've heard similar things about Allure. My uncle almost booked a flat with them a few years back in Ajayabpur, but backed out because of bad reviews on another forum. It's really tough to trust builders these days, especially when you're putting your life savings into it.
Totally understand your pain about rent hikes. It's like throwing money away! Aadya Tower being completed is definitely a plus point. No more waiting for possession, that's a big relief for first-time buyers like us. I also visited it last month, the amenities looked decent for the price range.
Visited Allure Aadya Tower last weekend. It's completed which is a huge relief, honestly, fed up of renting yaar. My landlord just raised rent again, so I'm thinking of finally investing to build some equity instead of paying EMI to someone else. What's the real capital appreciation been like for Aadya Tower since its launch? Has anyone here tracked prices closely? Also, for rental income, what's a realistic monthly yield for a 1BHK or 2BHK there? Is the resale market liquid enough, like can you actually find buyers easily if I need to exit in 5-7 years? I'm not sure about Allure Group's overall track record, any insights on their other projects? Just want to make sure my investment isn't stuck.