Kashish Manor One Villas: A look at its rental income potential in Gurgaon
Hey everyone, I've been doing some deep dives into investment properties in Gurgaon and Kashish Manor One Villas recently caught my attention. It's a completed project, which is a big plus for immediate rental prospects. Priced at ₹7.02 Cr, with an average of ₹12540 per sqft across its 10-acre expanse, it's clearly targeting the luxury segment. Kashish Developers, established in 2001, have a decent reputation for quality and timely delivery from their work in Jharkhand. This track record helps build confidence. For rental income, the key question is tenant demand. Gurgaon's market for high-end villas typically attracts senior executives, expats, and high-net-worth individuals looking for space and privacy. The lifestyle offered by a villa, with its independence and potential for bespoke living, is a significant draw. Practical livability, including security and quality of maintenance, will be paramount for securing and retaining such tenants. Expected rental yield for luxury villas in Gurgaon generally hovers around 2-3% annually. This is often lower than what you might see in smaller apartments, as capital appreciation tends to be the primary driver for such high-value assets. Compared to other luxury options, Manor One's completed status means no waiting period, which is a definite advantage. My honest take is that this project is suited for investors prioritizing long-term asset growth and a stable, albeit moderate, income from a discerning tenant base, rather than immediate high yields.
Comments
I'm looking for something in the long-term, but 7 Cr for 14 units, it feels very niche. What if resale becomes an issue? Will there be enough buyers for such a specific, high-ticket item years down the line? It's not like a regular apartment that has a wider buyer base.
Possession date October 2018. That's good, no waiting. But what about current market conditions? Are there enough high-end tenants looking for villas right now? With so many new luxury apartments coming up in areas like Badshahpur, is the demand for villas still strong enough to command those rents consistently?
True, and what about maintenance costs? For a villa this size, they must be huge. A 2-3% rental yield might get eaten up by just maintenance, property tax, and vacancy periods. Has anyone calculated the actual net yield?
That's a valid question. My friend who works in real estate said the rental market for premium properties has softened a bit after COVID, especially for expats. Many companies are cutting down on expat packages. So, finding a tenant for 7 Cr villa might not be as easy as it sounds.
The post mentions it's a luxury segment for senior executives and expats. But there are only 14 units. Is that enough to create a 'community' feel that high-end tenants often look for? Or will it feel too isolated?
Completed project is a big plus, no doubt. But the builder, Kashish Developers, the post says they have a reputation from Jharkhand. What about their presence or projects here in Gurgaon? I tried searching and didn't find much. Is it safe to trust a builder who isn't established locally for such a high-value property?
Bhai, this is a red flag for me. My cousin got stuck with a builder who was new to NCR, and the project got delayed by years. For 7 Cr, I need solid proof of local delivery. Jharkhand ka experience doesn't translate directly to Gurgaon ka market.
Good point! I also checked their RERA number, GGM/364/96/2019/58. It's valid, but the 'Total projects: 0' part on some sites for this builder in Gurgaon is a bit concerning. If they don't have any other projects here, how can we verify their local delivery quality?
₹7.02 Cr for a villa, even in Gurgaon, sounds like a massive amount for a first-time buyer like me. The post mentions 2-3% rental yield, which seems really low. Is that even worth the investment, considering the maintenance and other costs? My entire savings would go into this, and then some. I was hoping for something that could at least cover the EMI if I ever decided to rent it out. This just feels out of reach and the returns don't seem to justify the risk.
Yaar, villas are for capital appreciation, not rental income. But even then, 7 Cr is a huge gamble. What if the market dips? First time buyers like us have to be super careful.
Totally agree with you. 2-3% yield is barely anything. My broker was telling me about some apartments near Airport Road giving 4-5% easily. Villas are a different ball game, I guess, but still, for 7 Cr, I'd expect better.