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Pooja Verma
Completed Ghaziabad projects don't appreciate — Ansal Elegance?
₹45.78 L was the initial price for Ansal Elegance, and I'm wondering if the capital appreciation has actually matched expectations. I'm based in Dubai, looking to invest in Ghaziabad, and this completed project seems interesting. Can't do a site inspection myself, so I'm relying on you all for ground truth. What's the realistic rental yield one can expect there? I need to factor in property management costs, so actual net income is key. Also, how liquid is the resale market for Ansal Elegance? Is there an active secondary market, or do flats sit for ages? Worried about exit strategy in 5-7 years, especially managing from abroad. I mean, who buys these flats later?
#ansal-elegance#ghaziabad-investment#rental-yield#resale-value#nri-investor
Comments
I agree with the point about exit strategy. My uncle invested in a similar project a few years back, not Ansal, but in the same tier of Ghaziabad, and he's still struggling to find a buyer. The market is flooded with ready-to-move options, so why would someone pick a 2020 possession flat if there's no major price advantage or unique selling point? For a 5-7 year horizon, liquidity is super important.
Ansal Elegance ka RERA number UPRERAPRJ2538 hai. Check kiya tha maine. Builder reputation is key, aur Ansal ka toh sabko pata hai. Capital appreciation ke liye, you need growth corridors. Ghaziabad mein growth hai, but projects like this one, jo pehle se completed hain and not in a very premium locality, they tend to underperform. Exit strategy from abroad is a major concern here.
Yaar, Ghaziabad mein investment abhi risky lag raha hai. The market is very stagnant. I was looking at projects near Achchheja too, same story. Builders are still struggling to sell new inventory, so secondary market mein kaun paisa lagayega? For someone in Dubai, maybe look at Delhi-NCR's more established areas?
I'm also looking at Ghaziabad, but specifically for rental income. For Ansal Elegance, with the units being 156 total and possession in 2020, what kind of tenant profile do you usually find there? Is it mostly families or bachelors? That affects the rental yield directly.
From what I've seen in that area, near Afzalpur, it's a mixed bag but mostly working families. Rent for a 2BHK might be around 12-15k, but factor in vacancy periods. Net income after all costs might be very thin.
Mostly families, I'd say. It's not really a bachelor hub. So, rental income potential is there but don't expect sky-high rates. Plus, managing tenants from Dubai will be a big headache unless you have a reliable property manager, which again cuts into your net yield.
₹45.78 L was the initial price for Ansal Elegance, and I'm wondering if the capital appreciation has actually matched expectations. I'm based in Dubai, looking to invest in Ghaziabad, and this completed project seems interesting. Can't do a site inspection myself, so I'm relying on you all for ground truth. What's the realistic rental yield one can expect there? I need to factor in property management costs, so actual net income is key. Also, how liquid is the resale market for Ansal Elegance? Is there an active secondary market, or do flats sit for ages? Worried about exit strategy in 5-7 years, especially managing from abroad. I mean, who buys these flats later?
Actually, Ansal Elegance completed project hai, possession 2020 mein mil gaya tha. Location wise theek hai, Abhay Khand ke paas hi hai. But haan, appreciation ka doubt toh rehta hai. Kisi ko current resale price pata hai kya?
Bhai, Ansal ka naam sunke hi darr lagta hai. Ghaziabad mein inka track record kuch khaas nahi raha hai, especially appreciation ke maamle mein. ₹45.78 L initial price tha, abhi kya chal raha hai wahan? Resale toh mushkil hi lagta hai.