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Pooja Rawal
Lotus Greens Isle resale market is a big question mark
Did a site visit to Lotus Greens Isle on Saturday and honestly wasn't expecting this. Everyone glorifies Greater Noida's future, but for a completed project, is the rental yield actual mein worth the investment? I'm fed up of renting, want to build equity, but will I find a buyer for resale easily in 5 years? Or will it just be a ghost society with mostly investors? Change my mind.
#lotus-greens-isle#greater-noida#resale-value#rental-yield#investor-ratio
Comments
It's a tough call, honestly. Greater Noida has a lot of growth potential with the upcoming airport and industrial corridors. But a completed project like Lotus Greens Isle needs to show current livability, not just future promise. For first-time buyers, it's crucial to look beyond the glossy brochures and see how many families are actually living there and what the local ecosystem is like. Resale liquidity is a genuine concern if the area doesn't develop organically.
So, is the rental yield actually bad there, or are people just not finding tenants?
The price range itself, ₹1.4 Cr – ₹2.0 Cr, for a project in Greater Noida, especially without a guarantee of good resale, feels very steep to me. I checked its RERA number UPRERAPRJ5442, and yes, it's legitimate. But RERA doesn't guarantee buyers. With only 255 units, if a significant chunk is investor-owned, it's a recipe for a dead market. I'm looking for a place to live, not a speculative asset.
255 units is actually not that many. Agar 50-60% bhi empty hain, toh society mein bilkul jaan nahi hogi. Very risky for a first-time buyer like us.
You're right about the price. For ₹1.4 Cr, you can find some really good options in more developed sectors closer to Alpha I or even Alistonia Estate, which have better occupancy rates and established social infrastructure. This project's pricing seems to be banking purely on future potential, which is always a gamble.
Hmm, I was actually considering Lotus Greens Isle. Greater Noida is supposed to be the next big thing, with all the infrastructure development happening around. Isn't it a good long-term bet? What about the amenities, are they fully functional?
Uff, this makes me so nervous. My budget is tight, and I really don't want to get stuck with an investment that won't grow.
The project got possession in September 2022. It's relatively new, so maybe it's still filling up. But the current market conditions in Greater Noida are a bit slow for resale, especially for properties in the ₹1.5 Cr+ range. People are looking for ready-to-move, but also for established communities, not just empty buildings.
Amenities are decent, U3. Pool, gym, club house, sab ready hai. But the issue is, who's using them? If society mein log hi nahi hain, toh maintenance bhi kaise justify hoga? Aur resale ke time pe koi family aise project mein kyu invest karegi jahan community hi na ho?
Yaar, I totally get what the original poster is saying. Lotus Greens Isle looks fancy on paper, but when you actually go there, the vibe is just... off. I visited last month and saw so many empty flats. It feels like a lot of investors bought it just for 'future potential' and now it's just sitting there. Resale value ka toh sach mein tension hai.
What specifically felt off to you, U1? Was it the amenities or the general crowd?
Exactly! My cousin bought a flat in a similar 'future potential' project near Alpha II a few years back. Now when he tries to sell, there are no takers. He's stuck. This 'ghost society' fear is very real, especially when prices are this high.