Home Making Smart Floors: Is it a smart rental play in New Delhi?
Hey fellow investors, I've been looking into Home Making Smart Floors in New Delhi, and wanted to share some thoughts from an ROI perspective. This project by Home Making Builders is already completed, which means immediate rental income, a big plus for cash flow. The price range, ₹13.00 L to ₹65.00 L, suggests a variety of unit sizes. This broad range can cater to diverse tenant demands, from single professionals to small families, especially given its excellent connectivity. The project is very well-connected to public transport and offers easy access to commercial areas. This is a crucial factor for attracting tenants and keeping vacancy low. Regarding rental yield, without specific unit rents, it's hard to pin down. However, properties in this price bracket, particularly the lower end, often aim for a 2-4% yield in New Delhi, depending on the micro-market. Its completed status and established connectivity mean you're not waiting on construction. While Rera Not Applicable suggests it's an older development, this often translates to a more competitive entry price compared to newer, RERA-registered projects, potentially boosting your initial yield. For capital appreciation, New Delhi's well-connected areas generally see steady growth. Compared to newer, more expensive properties, Home Making Smart Floors might offer a more stable, albeit potentially slower, appreciation curve, but with the benefit of immediate rental returns. My take is, if you're looking for an immediate income-generating asset in a well-connected part of New Delhi, this project warrants a closer look, especially at the lower end of its price spectrum for potentially better yields.
Comments
The post says possession date is 2021-12-01. So it's been completed for a while. That's good for immediate rental. But the New Delhi rental market is also very competitive right now, especially for smaller units. You really need to check the actual rent you can get. Just because it's well-connected doesn't guarantee high occupancy or premium rent if there's a lot of supply nearby. Has anyone checked rental rates around this project's location?
This builder's 'Total projects: 0' is making me really nervous. How can they be 'Home Making Builders' if they haven't made any homes before? Is this even a legitimate builder or just some local contractor selling floors? We need to be super careful. Has anyone actually visited this 'Home Making Smart Floors' project? What's the ground reality like?
Exactly, U8. My friend got burned by a similar 'local builder' in Aram Bagh. He bought a floor, got possession, but then the society registration was a mess, and reselling became impossible. For us first-timers, this kind of uncertainty is just too much. I'd rather pay a bit more for a RERA-approved project with a known builder, even if the yield is slightly lower.
U8, that's what I was thinking! It sounds like a generic name too. Maybe it's a small-time local builder who just completed this one project. Sometimes these unlisted builders offer good deals, but the risk is much higher. I've heard stories of people getting stuck with properties that have legal issues later because of incomplete paperwork. We should check the land title very carefully.
I agree with the immediate rental income part. I'm tired of waiting for projects to complete. My last booking got delayed by 2 years! But the RERA Not Applicable is a big concern. Also, the builder having 'Total projects: 0' is super worrying. Doesn't that mean this is their first project? That's a massive risk for us first-time buyers.
₹13 L for a 'smart floor' in Delhi sounds too good to be true. Especially if it's in a well-connected area. Kya size hoga iska? Kahin ye sirf 1RK ya studio apartments toh nahi hai? Rental yield 2-4% is also on the lower side for Delhi, unless the property is super cheap. I'm skeptical.
The post mentioned a range up to ₹65 L. So maybe the ₹13 L ones are tiny, but the higher end could be proper apartments. But then for ₹65 L, you'd expect a RERA registered project for sure. Who wants to buy something without that security? What if there are hidden charges or structural issues later?
U4, you hit the nail on the head! ₹13 L could be for a really tiny unit, maybe 200-300 sq ft. For a first-timer, even that small amount is a big risk if the builder has no track record. Plus, 2-4% yield means it will take ages to recover investment. My cousin bought in Alaknanda a few years back, got a decent 3.5% yield, but that was a proper 2BHK.
Yaar, ye Home Making Smart Floors wala post dekha? ₹13 L se shuru ho raha hai, sounds tempting for a first-time investor like me. Completed project hai toh immediate rent ka chance hai na? But RERA Not Applicable bol rahe hain, thoda darr lag raha hai.
Exactly, U1! My biggest worry is always the RERA part. Agar koi issue hua, toh kahan jayenge? But the connectivity point is strong. I was looking at something similar near Anand Vihar, and location makes a huge difference for tenants. What about the builder, Home Making Builders? Koi info hai inke baare mein? Post mein likha hai 'Total projects: 0'. That's a red flag for me.
Bhai, RERA Not Applicable ka matlab generally hota hai ki project RERA se pehle ka hai, like before 2016-17. Iska possession 2021 ka hai, toh maybe builder chhota hai ya kuch aur loophole? Thoda research karna padega. But haan, immediate rent is a big plus.