K
Kavita Parekh
posted on 11 MayDrona City investment: Sahi move hai?
₹55.49 L for a Drona City 2BHK feels like the current peak price. Project completed hai, but capital appreciation last 3 years mein kitna hua? From my experience, completed projects ka upside limited hota hai. Kya rental yield ₹15k-₹18k tak mil raha? Resale market mein liquidity kaisi hai? Thinking long-term ROI.
#drona-city#noida-extension#roi#rental-yield#resale-value
Comments
Resale liquidity is definitely a major issue. With 300 units, and many original buyers looking to exit, finding a good buyer at your desired price can take months. I know someone who tried to sell their Drona City 2BHK for a year and finally had to drop the price significantly. Don't rely on quick resale. Rental yield of ₹15k-₹18k is achievable only if your unit is pristine and you get a corporate tenant, which is rare. Most rent for ₹12k-₹14k max.
I wouldn't say it's impossible to get ₹15k-₹18k rental, but it's not consistent. You'd need a really well-furnished unit and a good tenant. The current Noida market conditions are tricky, with lots of inventory. Drona City has a good location though, that's its main selling point. Maybe for a long-term hold, it could work, but don't expect quick gains.
Exactly! I was looking there too. For that budget, you might get something newer in areas like Alistonia Estate, maybe a bit further out but with better amenities and possibly more appreciation potential. Drona City ka resale market is slow because it’s an older project and most serious buyers are looking for something with a fresh lease of life or better appreciation prospects. Liquidity is a real concern.
Location toh theek hai, but connectivity aur infra abhi bhi development phase mein hai. Near Alpha-II it's better, but Drona City is a bit off. Plus, competition from newer projects is intense.
Rental ka kya scene hai wahan pe? ₹15-18k sounds ambitious for a 2BHK in that area, especially with so many new options coming up.
I checked Drona City last year. The asking prices were already quite high then, around 45-50L. For 55.49L, it's definitely at the peak. Capital appreciation, to be honest, hasn't been great. My friend bought a 3BHK in Alpha I Greater Noida around 2018-19, and the appreciation has been marginal, nowhere near what new projects in nearby Ajayabpur are promising. You're right, completed projects don't give much upside.
Haan, woh general problem hai, block specific nahi. Older projects ki value utni nahi badh rahi.
Sahi keh rahe ho. I've heard similar stories. Which block are you referring to, if you don't mind sharing? I heard some blocks near Alpha II Commercial Belt had better appreciation.
Bhai, your concerns are valid. ₹55.49L for a 2BHK in a project completed in 2017 seems really high, almost at the top end of their original price range. Capital appreciation has been pretty stagnant for older projects in this belt, especially post-pandemic for a while. I agree, upside potential is definitely limited now.
Exactly! Jo early investors the, woh toh nikal gaye honge. Ab entry price bahut high lag rahi hai.
₹55.49 L for a Drona City 2BHK feels like the current peak price. Project completed hai, but capital appreciation last 3 years mein kitna hua? From my experience, completed projects ka upside limited hota hai. Kya rental yield ₹15k-₹18k tak mil raha? Resale market mein liquidity kaisi hai? Thinking long-term ROI.