M
Mohit Wadhwa
Ashiana Orchid resale market isn't as liquid as people claim.
What's the real ROI expectation for Ashiana Orchid now that it's completed? I just bought a 3BHK here a couple of months back, possession was smooth in March. Prices have moved a bit since I first looked last year, but honestly, not sure how much more upside is left for capital appreciation. What rental yield are people actually getting? I'm hoping for decent returns over 5 years, but is the resale market really liquid enough here? Worried about finding a buyer easily later on.
#ashiana-orchid#noida-real-estate#roi#resale-value#capital-appreciation
Comments
Dekho, for
What rental yield are people actually getting in Ashiana Orchid right now? I'm seeing some listings, but they look optimistic. Also, is the 2004 possession date a concern for resale value given the age? And what about maintenance charges? Are they high for an older project with 168 units?
5k+ maintenance is a lot for an older building, especially if you also have to factor in renovation costs!
The 2004 possession is definitely a factor. Buyers often look at the remaining lease period for plots, and for apartments, the wear and tear is visible. Maintenance charges for Ashiana Orchid are around Rs 3.5 per sq ft, which isn't exorbitant but it adds up. For a 1500 sq ft 3BHK, that's 5250 per month. Plus, you might need to spend on renovations to make it attractive for resale or rent.
Rental yield around 2-3% max, if you're lucky. Not great for a 1 Cr property. I checked with a broker last month for a 3BHK, they quoted 20-22k which is quite low given the investment. Most tenants prefer newer buildings for that rent.
Exactly! Market mein sab bolte hain liquid hai but actual mein kaun khareedega? Bahut confusion hai.
Yaar, I remember when Ashiana Orchid first got possession in 2004. It was considered prime then, with 168 units. But now, almost 20 years old, I'm not sure how much capital appreciation is left. My friend in Alpha I Greater Noida bought a similar unit in 2010 and he's struggling to find a buyer even at a reduced price. Is this a common issue for older projects in Noida? Or is it just specific to certain areas?
Absolutely. The current market in Noida, especially places like Alpha II, heavily favors projects with modern amenities and newer construction. For Ashiana Orchid, with its 2004 possession, the key is location and the actual condition of the flat. If it's well-maintained, you might find a buyer, but it won't be a quick sale like in a brand new society. Capital appreciation will be slow.
Yes, it is a common issue. Older projects often struggle with resale unless they're in a super prime, established area with no new supply. Plus, maintenance costs start adding up and infrastructure might show its age, which deters some buyers.
Totally agree, bhai. I just bought a 3BHK in Ashiana Orchid recently and the original post is hitting home. The price range of ₹1.0 Cr – ₹1.3 Cr sounds decent for a COMPLETED project, but the resale liquidity is what scares me the most. What if I need to sell quickly in 5 years? Will I be stuck?
Exactly! Especially in this ₹1.0-₹1.3 Cr bracket, people have so many options in newer societies. Why would they choose a 2004-possession unit unless it's a steal?
Sahi baat hai. Quick sale toh mushkil hai for older properties, especially if you need to recover your investment plus appreciation. Most buyers in Noida are looking for new or relatively new projects with modern amenities. Older projects demand patience and sometimes a price cut.