S
Sharmila Sengupta
Kanchanchanga Apartments' investment potential is overhyped.
Investing in premium, completed projects like Kanchanchanga is a tricky game for real ROI. I just bought a unit there a few months ago, around ₹2 Cr. Ab soch raha hoon, did I overpay for the current market? What's the real capital appreciation potential yahaan, considering it's already a high-value area? My first-hand experience says rental yields aren't hitting those 3-4% builder claims. Kitna mil raha hai logon ko? Also, resale liquidity kaisi hai? Is there a good secondary market ya phasa hua feel hoga? What's the general sentiment for these type of properties in New Delhi long-term?
#kanchanchanga-apartments#new-delhi-investment#rental-yield#resale-value#capital-appreciation
Comments
I think the issue is with any completed project that’s already commanded a premium. The initial buyers get the maximum appreciation during construction. Once it's ready, the capital appreciation slows down significantly. For ₹2 Cr, you could probably get a good plot in Ansal Villas and build something custom, or maybe a slightly older, larger apartment in Anand Niketan. The perceived 'safety' of a completed project often comes at the cost of future growth. What are others' thoughts on this strategy?
My friend bought in Kanchanchanga in 2021 for around ₹1.8 Cr. He's happy with the amenities but also complains about the low rent he's getting. He's thinking of selling but is worried about finding a buyer at a decent price. Is the market really that slow for resale in this segment, even in a good area?
Exactly! I heard the same about rental yields. Bahut overhyped hai, lagta hai.
Totally relate to this! I almost put an EOI on a unit there last year. The builder's pitch for rental yields was very glossy, almost 4.5% they claimed! But after doing my own research, I found out similar properties in nearby Alaknanda were struggling to get even 2.5-3%. It feels like these 'premium' completed projects have already peaked in appreciation. Resale is my biggest worry, who'd pay more than ₹2 Cr for a 4-year-old apartment?
Completely agree with the 'already peaked' point. I've seen this pattern in multiple projects. The real capital appreciation happens when the area develops around the project, or during the pre-launch phase. Once it's established and fully occupied, the growth becomes more organic and slower, aligning with general inflation. Regarding under-construction vs completed, the current Delhi market sentiment definitely favors under-construction projects for higher capital gains potential, despite the risks. For liquidity, these high-value units can take months, sometimes even a year, to sell if you're looking for a good price. This is the current market reality for luxury apartments.
Same here. I checked a flat in Anand Vihar recently, the builder there also promised unrealistic rental returns. It's a common tactic. The actual yield is always much lower, especially for premium segments where the base price is so high.
4.5% rental yield? Builder ne toh scam hi kar diya!
Yaar, I was just looking at Kanchanchanga too, but the ₹2 Cr price tag really made me pause. Is it really worth it? My agent was pushing it hard, saying it's prime property in South Delhi. But your post makes me think twice. Kya hum log emotions mein aake overpay kar dete hain?
Sahi kaha. ₹2 Cr is a huge amount for a first home. I'd rather invest in something under construction which has better appreciation potential, even if it has possession delays. What's the current market sentiment for under-construction vs completed projects in Delhi?
Haan bhai, agents toh bas apna commission dekhte hain. Humein toh phasa dete hain.