G
Gautam Roy
posted on 11 MayDelhi property: Black money ka asli sach
Spent the whole Sunday checking out options in Vasant Kunj online. I'm based in Dubai, so can't visit. Everyone glorifies Delhi's appreciation, but nobody talks about the black money issue. Is white money investment actually safe here? And are those 2-4% rental yields in Saket bilkul real, ya sirf marketing hai? Change my mind.
#nri-investment#white-money#black-money#rental-yields#delhi-real-estate
Comments
So, bottom line, is it even worth looking in these areas with full white money? Ya fir tier 2 cities mein hi option bacha hai for first-time buyers like us?
This black money issue is why RERA was introduced, but seems like it hasn't completely solved it, especially in resale. For new projects, builders are more careful. But yeah, for resale properties in prime Delhi areas like Vasant Kunj, it's a major hurdle for genuine buyers. You'll find good deals, but the cash component is always a worry. Stay away from anything that feels too opaque. Always insist on a registered valuer's report if you're serious.
I heard from a relative who bought in Anand Niketan last year that almost 30-40% was expected in cash for a good deal. It’s an open secret. For rental yields in Saket, I checked a few properties, they quote 2.5-3% max on paper, but if you factor in maintenance, property tax, and potential vacancies, it often comes down to 1.5-2%. The 4% is only if you get a super high rent or bought at a very low price years ago. New properties mein toh impossible hai.
Totally agree with the rental yield calculation. Marketing ka chakkar hai sab.
The cash component is definitely a headache. Most sellers want to save on capital gains tax. And yes, the rental yields are highly inflated. I spoke to a property manager in Saket, and they said for a decent 2BHK, you might get 30-40k rent, but a similar property would cost you 1.5-2 Cr. That's barely 2-2.5% gross, forget net. This is the current market reality for New Delhi, not some fantasy figure.
That 30-40% cash component in Anand Niketan sounds insane! How do people even manage that? For rental yields, I agree with your assessment. My friend bought in Alaknanda, and after all deductions, his effective yield is barely 2%. The numbers agents throw around are just for show.
Totally relate! I'm looking in Saket and Alaknanda, and the yields seem too good to be true. But seriously, how much black money are we talking about? Like, is it still a substantial portion, ya thoda bohot hi hai? Meri savings toh sari white hai, toh kya option hai phir?
Exactly! My agent told me the same. Full white deal milna mushkil hai unless you pay above market rate. It's frustrating for people like us.
Yaar, it really depends on the seller. Kuch log toh seedha bol dete hain 20-30% cash. Especially in older properties in areas like Anand Vihar, where the land value is high. For white money, you might have to pay a premium or look at new builder projects where everything is on paper.
Bhai, you hit the nail on the head! Vasant Kunj mein bhi black money ka scene hai kya? Main bhi first-time buyer hoon, aur yehi tension hai. White money mein milta hi nahi kuch decent.