P
Prerna Singh
posted on 3 MayCompleted projects in Noida Extension are the only safe bet for investors, honestly.
I'm eyeing Mahagun Mantra I. Since it's completed, what's the actual rental yield people are seeing there? Builder figures always sound too good. Also, for capital appreciation, how much has its price actually moved since launch? Is there a decent secondary market, or will exiting be tough in 5-7 years? My budget is around ₹70L. Should I go for it?
#mahagun-mantra-i#noida-extension#investor#rental-yield#resale-potential
Comments
I actually visited Mahagun Mantra I last month. The units are decent, and the amenities are okay. The price range is ₹56 L – ₹1.1 Cr, so at ₹70L you'd be looking at a mid-range 2BHK. I spoke to a few residents, and the rental yield is indeed low, like U3 mentioned, maybe ₹13-16k for a 2BHK. For capital appreciation, they said prices have gone up maybe 10-15% since 2018-19, which
Mahagun Mantra I? I was looking at that too, but then I saw the RERA number UPRERAPRJ1846. Checked its history, and they did have some delays initially. Though it's completed now (Possession date: 2020-09-30), just be aware of the builder's past track record. ₹70L for a 2BHK in Noida Extension seems a bit on the higher side, given other options.
Peace of mind is one thing, but what about resale value? Will it be easy to sell in 5-7 years?
Delays were common for almost all projects launched around that time, especially post-RERA implementation. The fact that it's completed and got its OC/CC is a big plus now. My friend bought in Ajayabpur from a different builder, and even after 2020, they are still struggling for possession. So, a completed project is a huge relief, even if the price is slightly higher. You pay for peace of mind.
Bhai, Noida Extension mein completed projects are definitely the way to go. Mahagun Mantra I is in a good spot. I've heard decent things about Mahagun's construction quality generally. ₹70L mein I think you can get a good 2BHK there. But rental yield ka sahi figure toh koi resident hi bata payega.
U3, 12-15k for a 2BHK sounds low for a ₹70L property. Is that even enough to cover maintenance and property tax? Aur maintenance kitna aata hai Mahagun Mantra I mein?
Sahi keh rahe ho, supply is high. But Mahagun Mantra I is a bit different, it's near Gaur City and has good connectivity. My cousin lives in a similar project in Alpha I Greater Noida and he gets around ₹12-15k for a 2BHK. For a property worth ₹70L, that's barely 2-2.5% yield. Builder ne toh 4-5% bola hoga, which is a lie. Capital appreciation has been slow for most of Noida Extension since 2018-19, but completed projects have held value better.
Rental yield? Noida Extension mein mushkil hai. Itna supply hai ki tenants ko options bahut hain.