Mahaveer Carnation: Is long-term ROI still possible?
Been looking for investment properties in Bengaluru for months now from Dubai. It's tough not being on the ground, relies so much on community insights. I'm specifically looking at Mahaveer Carnation, the completed project. Price range seems okay, but I'm trying to gauge its investor potential. What's the actual capital appreciation been like since its launch? I heard it's completed, so wondering if there's still much upside or if the appreciation has mostly happened already. More importantly, what's a realistic rental yield one can expect there? I'd need a property manager, so factor that in. Also, thinking long-term, how liquid is the resale market for Mahaveer Carnation? Will it be easy to offload in 5-7 years if needed? Any experience with the builder's track record for older projects would also help. Just want to make sure it's a solid, low-headache investment.
Comments
This whole discussion about Mahaveer Carnation is making me rethink. The RERA possession date vs. 'completed' status is a big concern. Plus, the low rental yield expected and potential resale issues. Is it really worth buying in Bengaluru for investment right now, or should we just wait for the market to cool down a bit? It feels like prices are already too high for good returns.
My experience with Mahaveer projects, specifically one near Aishwarya Crystal Layout, has been mixed. They deliver, but often with delays and sometimes the quality of common areas isn't top-notch after a few years. For a 'low-headache investment,' make sure to visit other completed Mahaveer projects and talk to residents. Don't just go by brochures. The builder's track record is crucial for long-term peace of mind.
The original poster is asking about realistic rental yield. Given the ₹89 L – ₹1.2 Cr price range, what's a practical percentage after property manager fees? Let's say a 2BHK for 90L, how much rent can one realistically expect per month? And how liquid is the resale market for this specific builder and project? Will it be easy to sell in 5-7 years if required?
My friend bought a Mahaveer flat few years back. The resale was okay, not super fast, but it sold. The key is to price it competitively. Don't expect a quick flip for a huge profit. As for rental yield, U8 is right, it's usually low in Bengaluru, especially if you factor in all costs. Maybe 3% is the max you can hope for.
Resale liquidity for Mahaveer projects can be tricky. They have many projects, but not all are equally sought after. It really depends on the specific project's maintenance and community. If the RWA isn't strong, resale can be slow. I've seen some of their older projects in Agrahara Layout struggle with resale.
For a 90L 2BHK in that part of Kadugodi, you'd be lucky to get 25-30k per month after maintenance. With a property manager taking 1 month's rent as commission annually, plus 8-10% of monthly rent, your net yield will be barely 2.5-3%. Not great for investment, honestly. You'd be betting purely on capital appreciation.
I've heard good things about the location of Mahaveer Carnation, near Kadugodi. Price range of ₹89 L – ₹1.2 Cr seems decent for a 2BHK/3BHK in that area, considering Bengaluru's current property boom. For investment, location is key, and this spot has good connectivity potential. The total units (104) also means it's not a massive, overwhelming complex.
Yeah, I agree on location. But is Kadugodi *that* prime for long-term high rental yield? I'm trying to compare it with something like Adigara Kallahalli, where rental demand is always high due to IT crowd. Property manager's cut will also eat into the yield, so need to be sure.
Location is definitely a plus. But what about the capital appreciation? Bengaluru market is hot, but for a completed project, how much more can it grow? I'm worried most of the appreciation has already been factored in. Any idea what the launch price was?
Mahaveer Carnation? Bro, be super careful. The post says completed, but the RERA possession date is March 2025. That's a huge red flag right there. How can it be completed but possession is still two years away? Builders sometimes play these games. I almost got caught with a project in Akshayanagar that kept extending dates. Don't rely on just 'completed' status, check the RERA details properly.
Thank you for pointing this out. I didn't even notice the RERA date mismatch. This is why I come to Propmyna. So, if it's not actually completed, the rental yield calculation becomes tricky, right? Because you're paying EMIs but no rent coming in.
Exactly! I was looking at their RERA and saw the 2025 date too. This makes me nervous. Is it actually ready for interiors or just structurally complete? This changes everything for an investor. The whole 'low-headache investment' goes out the window if you're chasing possession.
Sahi keh rahe ho U1! This 'completed but possession later' thing is very common now. My cousin faced this near Aavalahalli. They showed a near-complete structure but delayed possession by 1.5 years. Your investment gets stuck. For long-term ROI, these initial delays eat into your profits.