K
Kunal Tandon
DDA Meera Apartment: Post-possession realities for investors
DDA Meera Apartment – heard mixed reviews on post-possession reality. I'm based in Dubai, so site inspections aren't easy; ground truth is vital. I'm considering it for rental yield and resale. My main concern: are promised amenities actually delivered and maintained? Does construction quality, like seepage or fitting issues, badly affect tenants, impacting future rent or resale? Relying on a property manager means minimizing post-possession headaches is key. Should I budget for significant repairs or amenity shortfalls? What are your experiences?
#delhi-real-estate#investment#dda-meera-apartment#construction-quality#amenities
Comments
So, basically, DDA Meera is a no-go for investment if you're looking for hassle-free returns. Sounds like more trouble than it's worth.
Exactly, U9. If you're still considering it, make sure you get a professional, independent pre-purchase inspection done. Since possession was 2012-12-01, there will be wear and tear. Don't just rely on pictures or what a broker tells you. It's a big investment from Dubai, so due diligence is key.
Look, DDA projects are generally good for self-use if you're okay with basic facilities and can manage maintenance yourself. But for pure investment and expecting high rental yields or quick resale, it's a gamble. Current market conditions in Delhi mean rental yields are tight across the board, and older properties need extra effort to stay competitive. You'd need a very good property manager and a significant budget for upkeep.
My cousin bought a DDA flat, though not Meera, but another DDA project around the same time. His experience with post-possession was terrible. The lifts were always breaking down, water supply was erratic, and yes, seepage was a major issue in his bathroom and balcony. Tenants would complain constantly and move out quickly, which really hit his rental income. He ended up spending a lot on repairs that the RWA or DDA wouldn't cover. For an NRI, this is definitely a big risk without proper ground support.
Haan bhai, seepage is a classic DDA problem from that era. Not surprised at all. Construction quality was not their strong suit back then.
Oh really? Which area was that project in? Was it near Anand Vihar? I'm hearing similar stories about DDA projects in that belt. Is it just a general DDA issue or specific to certain locations?
The price range ₹64 L – ₹4.8 Cr for an old DDA apartment seems quite high, no? For that kind of money, in today's market, you might find something newer with better amenities and less maintenance hassle. Is anyone actually seeing good appreciation or rental income to justify this for an investment?
DDA Meera Apartment for investment? Bhai, if possession was 2012-12-01, that's over a decade old! DDA ki quality tab se waise bhi mixed rahi hai. For someone based in Dubai, managing an old property remotely sounds like a nightmare, especially when it comes to seepage or fittings. My main concern would be if the promised amenities were even functional back then, let alone maintained now. What kind of rental yield are people getting in that area currently? Is it even worth the headache for an investor?
Rental yield for DDA projects, especially older ones, is generally not that great. Maybe 2-3% if you're lucky. Not ideal for investment.
Totally agree with you, U1. My chacha had a DDA flat in Alaknanda from a similar era, and the maintenance was a constant struggle. They never delivered on the club house, and common areas were always neglected. You'll definitely need to budget for significant repairs, don't just rely on a property manager to fix everything magically.