Mahindra Luminare's ₹5.6 Cr is a terrible investment.

₹5.60 Cr for Mahindra Luminare Phase 2 feels steep, honestly. I'm so fed up of renting, want to put money into something that actually grows. But is this project really worth it for an investor? Anyone bought here earlier? What's the real capital appreciation been like since launch? Builders always promise the moon. Also, what's the actual rental yield people are getting? Matlab, will it even cover EMI? Don't want to get stuck with a white elephant. Should I look elsewhere?