L
Lavanya Trivedi
posted on 2 AprJust moved to Sector 45, few things nobody told me
Moved into my new flat in Sector 45 a few months back. Honestly, the rental yield they advertised isn't quite what I'm seeing. I'm wondering if others investing in 2BHKs are facing the same? Is the advertised rental yield reality or just a sales pitch? Thinking maybe a 3BHK would have been better for rental income, despite the higher EMI. Also, kinda regretting not looking harder at ready-to-move options. This under-construction thing with Unitech Group was stressful, even with RERA. Anyone else have similar experiences or advice? What would you pick if you were in my situation? Vote below!
#rental-yield#2bhk#3bhk#sector-45#under-construction
Comments
So, what are you planning to do now? Sell, rent, or wait?
Rising interest rates are also affecting rental yields. It's a tough market right now.
Rental yield is always a sales pitch. Focus on long-term appreciation and capital gains. Noida is a good investment, but be patient.
Did you get the registry done smoothly? I heard there are issues with stamp duty in some sectors.
Honestly, if I were you, I'd hold onto the property for now. The market is improving, and rental yields will eventually increase. Just be patient and keep an eye on the market trends.
Builder ne phir se date extend kar diya lol. This is the story of every under-construction project in Noida.
Which floor is your flat? Corner unit? That can affect the rental yield. Also, did you factor in maintenance charges and property tax when calculating your rental yield?
Thanks for the replies everyone! It's a 900 sq ft 2BHK, currently rented out for 18k. Carpet area is around 700 sq ft. Maintenance is 3k. RERA number is valid, but the project was still delayed. Should I consider selling and investing elsewhere?
18k for 700 sq ft? That's a bit low, isn't it? I'm getting 22k for my 2BHK in Sector 78. Maybe you need to increase the rent.
Be careful - this builder has 3 delayed projects in Noida. Check their financial health before investing further.
Check amenities completion before booking, I made that mistake. The swimming pool is still not functional after 2 years!
OMG, same here! The gym equipment is broken, and the clubhouse is always closed. What's the point of paying high maintenance charges?
Don't just look at rental yield, also consider property appreciation. Noida's real estate is booming. With the new Jewar airport coming up, prices will only go up.
Jewar airport is still years away. Don't get your hopes up too much. It's a long-term investment, not a quick flip.
Haan, property appreciation is important. But rental income helps pay the EMI. It's a balancing act.
My personal experience: I bought an under-construction property in Sector 150. The builder delayed the project by 2 years. It was a nightmare. Ready-to-move is the way to go, even if you have to take a bigger loan.
Sector 150 ka avg rate 7k/sqft hai abhi. Is it worth it? What are the maintenance charges like?
Bhai, this builder ka track record bahut poor hai. My uncle invested in their project near Pari Chowk 10 years ago, still no possession. Be very careful. RERA mein complaint file karo immediately if there's a delay.
U5, exactly! Unitech is notorious. RERA complaint is a must, but don't expect miracles. It's a long, tiring process. Lawyer pakad lo, it'll help speed things up.
Haan exactly, Noida mein yahi problem hai. Builders promise the moon and deliver nothing. I'm thinking of moving to Gurgaon, at least there the infrastructure is better.
U6, which lawyer did you use? I need to file a complaint against Supertech. They've delayed my project for 3 years now!
I bought in Sector 75 three years ago, ready-to-move apartment. Paid a premium, but peace of mind is priceless. Rental yield is around 3%, which is decent. Sector 45 is good, but the connectivity isn't great compared to other sectors.
U9, which society are you in? I'm also looking at Sector 75. Any recommendations?
3% is decent? Bhai, inflation is higher than that! You're losing money. You need to increase the rent or sell the property.
Sector 75 is much better connected now with the metro extension. Sector 45 still needs better public transport.
Sector 45 mein rental yield kam? Haan bhai, welcome to the club! I also have a 2BHK here. Advertised figures are always inflated. 3BHK might be better but consider the higher maintenance charges too. What's your carpet area and monthly rent?
Unitech? Oh god, I feel you. My friend is still fighting for possession in their Sector 96 project. RERA is a lifesaver, but it's still a long process. Ready-to-move is always safer, even if it's slightly more expensive.
Totally agree with U2. Under-construction projects are a gamble, especially with builders like Unitech. Did you check their RERA registration number before investing? What's the possession status now?
Possession status kya hai? That's the million-dollar question! I'm also looking at Sector 45, but I'm scared of delayed projects. What's the current market rate there for a 2BHK?