8% rental yield was promised for Legacy Celino. But tanker dependency and poor power backup in many projects... does this kill tenant attraction and long-term ROI? What's your experience?
Legacy Celino by Legacy Global Projects Pvt Ltd is a landmark residential development spread across 1.0 acres in Thanisandra, Bengaluru. Comprising 24 units across 1 towers, it offers 3 BHK from ₹1.69 Cr, 4 BHK from ₹2.47 Cr with world-class amenities including Internet / Wi-Fi, Swimming Pool, Vastu Compliant, Landscaping & Tree Planting, Gymnasium, and more.
In Legacy Celino, Thanisandra, prices start at ₹1.7 Cr and go up to ₹2.8 Cr depending on the configuration and floor. Available options include 3 BHK from ₹1.69 Cr, 4 BHK from ₹2.47 Cr. The average price per sq.ft is ₹7.5 K/sq.ft.
Before buying in Legacy Celino, verify the RERA registration (RERA registered), approved building plan, occupancy certificate timeline, builder's litigation history, and the sale agreement terms. A property lawyer can guide you through this process.
Yes, with RERA registration RERA registered, booking an under-construction unit at Legacy Celino is well-protected. RERA mandates that 70% of collections are held in an escrow account used only for construction of Legacy Celino.
Legacy Celino by Legacy Global Projects Pvt Ltd incorporates eco-friendly features across its 1.0 acres development in Thanisandra. The project's amenities include Internet / Wi-Fi, Swimming Pool, Vastu Compliant, Landscaping & Tree Planting, Gymnasium, and more along with rainwater harvesting, waste management, and energy-efficient building standards.
Comments
My friend bought in a project near Aavalahalli, same builder. The water situation there is terrible, always tankers. Tenant turnover is high because of it. So, for Celino, I'd be very skeptical about promised yields.
I visited Celino last month. The location is decent, and units are compact but well-designed. The sales team really pushed the 8% yield, saying it's guaranteed for the first year. But they were vague about water source and power backup solutions beyond the basic generator. For a completed project, why isn't this transparent? And is 24 units enough for a proper management society?
Exactly! What about long-term maintenance costs for just 24 units?
U4, guaranteed yield for first year is often a red flag. It means they're subsidizing it to attract buyers. Post that, you're on your own. And 24 units is small, maintenance charges might be higher per unit, and management can be tricky.
1.7 Cr se 2.8 Cr... that's a big investment. If amenities are an issue, ROI will definitely suffer. Budget mein rehna hai toh yeh sab dekhna padega.
Exactly my concern, U1! I'm a first-time buyer and this 8% figure is tempting, but the ground reality is often different. Has anyone here actually invested in Celino or a similar project in, say, Agrahara Layout, and can share their real tenant experience regarding these amenities?
Yeah, U8's point is critical. For a completed project like Celino, it's easier to check these things. Go visit during off-peak hours, talk to existing residents if possible. That 8% yield means nothing if the flat stays vacant.
U2, I had a similar experience. Not Celino, but another project in Adigara Kallahalli. Builder showed us a fancy backup plan, but in reality, the generator can barely run essential lights for an hour. And during peak summers, water supply was erratic. My tenants moved out after 6 months because of it. Lesson learned: check amenity infrastructure physically, don't trust brochures.
Legacy Celino mein 8% rental yield? Sounds too good to be true, especially with the price range of ₹1.7 Cr – ₹2.8 Cr for just 24 units. Builder promises are one thing, but Bengaluru mein water tanker dependency aur power backup issues toh common headache hain. Does anyone actually believe tenants will pay premium rents if they have to deal with this daily? This directly impacts long-term ROI, no?
Totally agree. These numbers are just for sales pitch.
Sahi kaha U1. My cousin bought a flat in Akshayanagar, same problem. Builder ne bola borewell hai, but after possession, it's all tanker water. Tenants complain everyday. 8% toh door ki baat, rent time pe mil jaye wohi badi baat hai.