A
Ajay Goel
M3M St Andrews Mohali: Confused about the long-term play
Honestly, buying for myself is way harder than selling to clients. I'm eyeing M3M St Andrews Golf Residences in Mohali, the 15-16 Cr range. Since it's completed, what's the actual rental yield people are getting? Builder ka track record theek hai, but resale market kitna liquid hai for these high-value units? And capital appreciation, does it have much upside left ya prices already high hain? Off the record, investor ratio kaisa hai wahan?
#mohali#m3m-st-andrews#rental-yield#capital-appreciation#resale-market
Comments
M3M ka Gurgaon mein track record kaisa raha hai? Maine suna hai kuch projects mein delays the, but quality achhi thi. Mohali mein unka reputation consistent hai kya? Koi insider information?
Meri ek friend ne M3M Urbana mein shop li thi. Possession time pe mila but rental yield expectations se kam nikla. So buyer beware.
Mohali mein I think they delivered St Andrews on time since it's an older project (2018 possession). But for newer projects, same story. Quality is generally fine, but builder-buyer trust is always a tightrope walk.
Gurgaon mein M3M ka naam toh hai, but haan, delays toh common the. Airport Road waale projects mein bhi yahi scene tha. Quality wise they are usually good, but expectations manage karni padti hain.
I looked at similar high-end projects, even in Aerocity for investment, but always backed out. The problem with these super luxury segments, especially outside prime metros, is that your buyer pool is tiny. M3M St Andrews has only 60 units, which means a small community, but also limited transactions to set a resale benchmark. Capital appreciation is often limited once a project is fully built and occupied for a few years, unless there's some massive infrastructure development nearby that hasn't been priced in yet.
True, the smaller number of units means less data for resale. It's a double-edged sword. Exclusivity badhti hai, but liquidity kam ho jaati hai.
Exactly! Aerocity mein bhi high-end apartments ka yahi haal hai. Supply kam hai, but buyers bhi selective hain. It's not like a regular 2BHK in Baliawas where demand is always there.
15 Cr? Mohali mein? Bahut zyada hai bhai.
Yaar, 15 Cr for Mohali? Gurgaon mein bhi itna mushkil hai. M3M ka track record mix hai. Completed bolte hain, but possession ka kya scene hai? Woh toh U7 ne clear kar diya, thanks! But resale ka kya guarantee?
Honestly, buying for myself is way harder than selling to clients. I'm eyeing M3M St Andrews Golf Residences in Mohali, the 15-16 Cr range. Since it's completed, what's the actual rental yield people are getting? Builder ka track record theek hai, but resale market kitna liquid hai for these high-value units? And capital appreciation, does it have much upside left ya prices already high hain? Off the record, investor ratio kaisa hai wahan?
Investor ratio toh pakka high hoga. Log aise units buy karte hain for status symbol ya future appreciation but phir stuck ho jaate hain. Mohali mein itne high ticket size ke buyers kam hain.
M3M St Andrews ki possession date 2018-07-01 hai, so it's genuinely completed. Rental yield on paper might look okay but occupancy rates for such expensive units are often low. Practical yield might be closer to 1-1.5% if you're lucky.
Sahi kaha, bhai. High-value units mein liquidity ka tension rehta hi hai, especially Mohali jaise secondary market mein. Gurugram mein bhi 15 Cr+ units ko bechne mein time lagta hai.