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Ayaan Siddiqui
Is Gandharva Apartment's price justified for investors?
Capital appreciation in Noida Extension is a myth for completed projects like Gandharva Apartment. Everyone glorifies 'ready-to-move' but nobody talks about the limited upside. I'm looking at a 3BHK, around ₹1.5 Cr, and not sure if it justifies the investment. What's the actual rental yield there? I'm in a 2BHK now, thinking of upgrading, but this price feels like a high entry point. Is the resale market liquid enough to exit without a huge discount in 5 years? Disagree? Tell me why.
#noida-extension#gandharva-apartment#roi-potential#resale-value#rental-yield
Comments
Ultimately, it depends on your goal. If you want quick capital appreciation, Gandharva might not be the best bet, given its age and current price point. For the yield U7 mentioned, in current Noida market conditions, it's considered average for an older project; newer ones might offer slightly better or worse depending on demand. But if you're looking for a stable rental income and a ready home to live in without construction risk, it has its merits. The limited units (136) also means less competition if you ever want to sell, but also fewer potential buyers, so resale liquidity might be an issue. It's a trade-off.
This discussion is so relevant to my situation. I'm also a first-time buyer, trying to upgrade from a 2BHK, and that ₹1.5 Cr mark is my upper limit. I visited Gandharva, and while the flats are spacious, the age factor and the price just don't sit right. My agent also showed me some properties in Ajayabpur, which are newer and slightly cheaper, but the connectivity isn't as established. It's so confusing to decide between an old, established project and a new, developing one.
Given the current market conditions in Noida, is that 2.4-2.8% yield from U7 considered good for an older property? I heard rents are going up, but prices for older apartments are stagnating.
When considering older projects, always check the society's RWA and their maintenance charges. They can be quite high.
Bilkul sahi kaha! Ajayabpur has potential, but the commute can be a pain compared to Gandharva's location near Alpha I. It's the classic dilemma: pay more for convenience and established infrastructure, or take a risk on a developing area for better future prospects.
To answer the rental yield question, my colleague has a 2BHK in Gandharva which he bought for ₹1.1 Cr last year. He's getting ₹25,000 per month. So for a 3BHK at ₹1.5 Cr, you might expect around ₹30,000-₹35,000. That works out to roughly 2.4% to 2.8% rental yield.
Hold on, I think it's unfair to dismiss Gandharva completely. Yes, it's an old project (Possession Date: 2003-01-01) but the location is prime, especially being close to Alpha I Greater Noida. For someone looking to move in immediately without any construction risk or RERA delays, it's a solid choice. Not every property is bought for flipping, some are for stable living. The build quality was good in those days too, compared to some newer projects.
But the original question was about investment and rental yield. What kind of rent can a 3BHK fetch here? Is it enough to cover EMI + maintenance?
Location is good, I'll give you that. But for ₹1.5 Cr, you're paying a premium for an old structure. Newer societies even in Alpha II or other developed sectors offer more modern amenities and potentially better appreciation in the long run. Gandharva's 136 units mean a smaller community, but also limited options for buyers if you want to sell later.
Totally agree with the original post! Gandharva Apartment for ₹1.5 Cr for a 3BHK? Bhai, that's a steep price for a project that got possession in 2003. Capital appreciation at this point seems very limited. I'm also looking to upgrade, but this feels like buying at the peak.
So, for investment, it's a no-go then? What about the rental income aspect? Is it decent?
Sahi kaha yaar. I've been tracking Gandharva for a while and the prices have barely moved in the last 2-3 years, despite the general Noida market going up a bit. That 2003 possession date is a big red flag for investment potential. It's more of an end-user property now.