Escon Park View Flats: Good long-term investment?
Honestly, I'm eyeing Escon Park View Flats in Noida Extension. What's the real rental yield people are seeing? Has capital appreciation been good since launch? How liquid is the resale market for good long-term ROI?
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Dekho, Escon Park View is completed, possession Nov 2021. That's a big plus, no construction risk. But 12 units is TINY. Rental yields in Noida Extension are generally hovering around 2-3% for most projects right now, especially for 1 or 2 BHKs. For good long-term ROI, you need better liquidity and scale. Have you considered larger projects near Ajayabpur or Alistonia Estate? They might offer more options and better resale potential due to the sheer number of units.
U8, you've hit on a critical point. Higher maintenance for fewer units can eat into your net rental income significantly. U9, while a personal touch is nice, the lack of RERA protection is a genuine concern for first-time buyers like us. Given it's completed, construction risk is past, but the small size still makes liquidity a huge question mark. Capital appreciation in Noida Extension has slowed down a bit recently with so many new launches, so don't expect a quick doubling of your investment. It's more of a slow burner now.
But sometimes small projects have better, more personalized maintenance and community feel. RERA not required could also mean it's a smaller, local builder who might be more flexible. Not everything is always black and white, especially in areas like Noida Extension.
Bhai, 2-3% rental yield toh inflation bhi beat nahi karta! Us price range mein that's not great. Also, what about the maintenance charges for such a small project? They're usually higher per unit because fixed costs are spread across fewer residents.
Price range toh theek lag raha hai ₹44 L – ₹58 L, considering it's a completed project in Noida Extension. Finding a ready-to-move-in flat in this budget can be tough. Capital appreciation depends on the overall market sentiment, but the location is generally considered good.
Escon Park View? Possession toh 2021 ka hai, so rental yield figures should be pretty clear by now. But the 'RERA Not Required' status gives me pause, as a first-time buyer. Kya ye safe hai?
Exactly! Small project means less demand, less visibility. It's like finding a needle in a haystack when you want to sell. And yes, RERA status is always a red flag for me.
Sahi keh rahe ho. RERA not required projects can be tricky. My cousin faced huge delays near Alpha II because the builder didn't need RERA for his small project, and things got stuck. But since Escon is already completed and possession was in 2021, perhaps the main risk has passed. Still, 12 units is extremely low, so resale value and finding a buyer quickly will be a challenge. Don't expect quick exits.
Bhai, 12 units only? Itne chote project ka resale market kaise hoga, samajh nahi aa raha. Liquidity toh major concern hogi na?
Honestly, I'm eyeing Escon Park View Flats in Noida Extension. What's the real rental yield people are seeing? Has capital appreciation been good since launch? How liquid is the resale market for good long-term ROI?