S
Swati Jain
Engineers Estate: My ROI reality check?
Just moved into Engineers Estate last month, and honestly, everyone talks about its prime location, but what about the actual rental yield? Expected to get at least 45k for a 2BHK, but market mein 38k bhi mushkil se mil raha hai. Investor ratio itna high hai ki society kaafi khaali lagti hai. Secondary market mein bhi demand utni strong nahi lag rahi, resale potential pe doubt hai. Is it just me, ya Engineers Estate ka ROI overhyped hai? Change my mind.
#engineers-estate#rental-yield#resale-value#investor-ratio#new-delhi
Comments
Yeh sab toh theek hai, but what about the hidden costs? Aur maintenance charges kya hain? Investors ke liye toh ye bhi ek extra burden hai na which eats into the rental income.
Plus, these maintenance charges tend to increase every
Exactly! And don't forget the parking charges and club membership fees. They add up.
U4, you hit the nail on the head! Maintenance at Engineers Estate is around 4.5 rupees per sqft, which is quite high. For a 1200 sqft 2BHK, that's over 5k a month, excluding electricity and water. This definitely cuts into any potential rental profit, especially if the flat stays vacant for months, which is common in such empty societies.
Mujhe bhi lagta hai, ROI is just a number on paper sometimes. Real ground reality is often different.
Hold on, guys! Engineers Estate is a solid project. The location near Anand Niketan is unbeatable for connectivity and amenities. Plus, the builder has a decent track record; I checked their past projects. Maybe the initial rental yield is a bit low, but property appreciation in such areas is usually long-term. Don't just look at immediate rental income, think about the value appreciation over 5-7 years. That's where the real ROI comes in.
U9 is right. My uncle invested in a project in Anand Vihar, thinking location would save him. Now, he's struggling to find tenants even at 20% below market rate. The high investor-to-owner ratio means too many options for renters, driving prices down. Engineers Estate might be heading the same way if the original poster's observations are true.
U2, location is key, no doubt, but the market dynamics have changed. With so much supply, especially in Delhi NCR, even 'prime' locations face pressure. Rental yields are down across the board. Plus, if the society feels empty, it affects the living experience too, which eventually impacts resale value.
Bhai, you're not alone! I'm also eyeing Engineers Estate for my first home, but this rental yield issue is exactly what scares me. My budget is tight, and I was banking on some rental income if I ever need to move or upgrade. Is the hype around this project real, or is it just clever marketing making us believe it's a 'prime' location?
U1, your point about marketing is spot on. I bought a flat in a supposedly 'prime' area near Alaknanda a few years back, thinking resale would be easy. Now, even after multiple brokers and price drops, buyers are reluctant. They see the high investor ratio and empty flats and back out. Engineers Estate might be facing the same challenge.
Exactly! I've been hearing similar things from friends who bought in new societies. Finding good tenants willing to pay decent rent is a big struggle now, especially for 2BHKs. What configuration were you looking at, U1?
Totally agree, bhai. Same fears here. Feels like every new project is marketed as prime, but reality hits hard after possession.