Hillston By Urbtech Phase 1 Tower E&F: An investor's take on connectivity and ROI potential
Alright, community, let's talk about Hillston By Urbtech Phase 1 Tower E&F in Noida Extension. This is a completed project, launched way back in September 2013, offering 148 units across two buildings on 1 acre. Current prices range from ₹1.17 Cr to ₹1.58 Cr, with an average of ₹14,200 per square foot. The RERA ID is UPRERAPRJ6819. From an investor's lens, the location's connectivity is crucial. Noida Extension has seen significant road infrastructure improvements, enhancing access to major routes like the FNG Expressway and the Noida-Greater Noida Link Road. This directly translates to better commute convenience for professionals working in Noida's Sector 62, 63, or even parts of Greater Noida. Metro access, particularly the Aqua Line, has been a game-changer for the region's transport infrastructure. While not doorstep access, the improved public transport network makes the area more appealing for tenants, positively impacting rental demand and potentially capital appreciation. For a ready-to-move asset at ₹14,200/sqft, Hillston offers immediate rental income potential. Future ROI will largely hinge on the sustained development of Noida Extension's infrastructure and commercial growth.
Comments
I'm looking at a similar budget range, but for a newer project. This one, being launched in 2013, might have older designs or less efficient layouts compared to what's available now. While completed is good, is the design still modern? And what about the quality of construction over time for a project that's been around so long?
Okay, so the average price is ₹14,200 per square foot. Is this for bare shell or fully furnished? Because that makes a huge difference in the final cost. Plus, there will be registration charges, stamp duty, and other hidden costs. First-time buyers often miss these. Mera toh budget tight hai, har extra kharcha count karta hai.
U9, good question! Usually, this per square foot price is for bare shell, or semi-furnished at best. Expect another 10-15% on top for all the extra charges like registry, GST, club membership, parking, IFMS, etc. So, that ₹1.2 Cr flat can easily become ₹1.35 Cr. Yeh builder log ka standard practice hai.
I agree with the investor's lens on connectivity. Noida Extension has definitely improved. My office is near Sector 62, and the commute has become much smoother. For tenants, this is a big plus. So rental income potential toh hai. But for a first-time buyer, ₹1.2 Cr minimum is a huge investment. What kind of rental yield can we actually expect here?
U6, rental income potential is there, but competition is also high in Noida Extension. Many new projects have come up. Also, maintenance charges will eat into your rental yield. I'd say, factor in at least ₹3-₹4 per sqft for maintenance. So, a 1000 sqft flat means ₹3000-₹4000 just for maintenance. Budget-conscious buyers need to consider this.
Rental yield will depend heavily on the actual unit size and finishing. I've seen 2BHKs in nearby areas like Ajayabpur getting ₹15k-₹20k. For ₹1.2 Cr, that's like 1.5-2% yield, which is not great. Capital appreciation needs to be really strong to justify it. Is ₹14,200/sqft truly justified for an older project?
Bhai, connectivity toh theek hai, FNG aur Metro se, but Urbtech ka track record kaisa hai? Mera ek friend फंस गया था ek project mein unke. Possession date 2024-01-30 dikha raha hai, lekin 'completed' project bol rahe hain. Thoda confusion hai, ya main galat samjh raha hoon?
No, you're not wrong, U2. 'Completed' aur 'Possession ready' mein bahut farak hota hai. Mera ek relative Alpha I Greater Noida mein flat leke phas gaya tha, builder ne bola completed hai, but 2 saal tak OC nahi mila. Toh yeh Urbtech ka case bhi similar ho sakta hai. Better to physically verify the site and check all documents, especially the OC.
Exactly! 'Completed' but possession date abhi ki? Yeh builder log ka puraana trick hai. Construction complete ho gayi hogi, but finishing aur paperwork mein hi saalon lag jaate hain. Mera bhi experience kharab raha hai Noida Extension mein. Be careful, Urbtech ka naam sunke darr lagta hai.
Hillston by Urbtech? ₹1.2 Cr se ₹1.6 Cr for a first-time buyer in Noida Extension sounds like a lot, no? I mean, the post says it's completed, but is ₹14,200/sqft really a good deal for ROI, especially if it launched back in 2013? Kya lagta hai guys, budget mein fit hoga kya yeh?