Kailash Colony investment for NRIs — ground reality check?
My power of attorney is finally set up, but I'm still scratching my head over Kailash Colony. I'm based in Dubai, so site visits aren't easy, you know? Looking at a 3BHK there, prices seem quite high, like ₹3Cr+ for something decent. Is this justified, ya fir overinflated? My main goal is investment, long-term appreciation with decent rental income. What's the real ground reality for rental yields, 2-4% jo bolte hain, is that actually true there? And tenant profile kaisa hai? Mostly families or young professionals? I'll need a property manager, so rental demand kaafi important hai. Also, resale market kitna liquid hai, in case I need to exit in 5-7 years? Koi legal issues toh nahi hain idhar? Honestly not sure if it's the best bet for an NRI like me.
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Kailash Colony ka price sunke toh mera bhi sar ghoom gaya hai. ₹3Cr+ for a 3BHK? Yaar, usme toh Alaknanda mein kaafi achha independent floor mil jayega. I'm also an NRI, and the thought of such a huge investment without being physically present is scary. Rental yields 2-4% bolte hain, but after property manager fees, maintenance, and taxes, I doubt it's even 1.5-2%. Is the appreciation *really* that good to justify this premium? I'm worried about getting stuck with a low-yield asset.