My Dubai dilemma with Laxmi Vihar Apartments
Since last year, I've been eyeing properties in Delhi for investment, especially Laxmi Vihar Apartments. I'm based in Dubai, so site visits are tough, relying on brokers and online info. Honestly, everyone hypes up Delhi's rental yields, but Laxmi Vihar mein kya actual ground reality hai? Matlab, 2BHK ka kitna rent milta hai after all deductions? I hear stories about ghost societies and low occupancy, which is a major concern for an absentee landlord. Can't risk empty units. And the resale market? If I need to exit in 5-7 years, kitna liquid hai yeh project? Will there be genuine buyers ya sirf investors hi reh jayenge? Power of attorney se manage karna aur property manager rakhna seems like a headache agar resale mein dikkat ho. Builder ka RERA compliance record kaisa hai? Koi hidden legal issues toh nahi hain? Mujhe lagta hai RERA bas naam ka hai for some projects. Change my mind.
Comments
Considering you're in Dubai, the 'null' status is a massive red flag. Maybe look for RERA registered, ready-to-move-in options in established localities,
Laxmi Vihar ka site visit kiya tha last month. Construction activity toh minimal thi, almost stalled lag raha tha. No wonder RERA status is 'null'.
Your concerns about resale liquidity are valid. Agar project ka RERA status null hai, toh banks bhi financing dene mein nakun karte hain, which directly impacts buyers. Aur property manager rakhna Dubai se, that's another cost which eats into your rental yield. Plus, if the society isn't fully occupied, common area maintenance expenses become higher per unit. RERA ka toh bas naam ka hai, like you said, if the builder finds loopholes. I'd be very careful with this one.
Dekho, Delhi ka rental market toh strong hai, no doubt. But Laxmi Vihar specific mein, I've heard mixed reviews. Location achhi hai, connectivity bhi, but project execution mein delays kaafi hain. Maybe that's why the 'null' status is concerning. Rental yield depends heavily on actual possession and amenities.
Sahi baat hai, general market conditions toh good lagte hain. But I fell for that trap with a project near Anand Vihar. Broker ne bahut hype kiya, saying 'Delhi never disappoints'. But after booking, delays, legal hassles... I realized market ka average dekhna is one thing, aur specific project ka due diligence is another. Laxmi Vihar ka 'null' status toh alarm bell hai, bhai.
Aap rental market strong bol rahe ho, but Laxmi Vihar mein ground reality kya hai? 2BHK ka kya expect kar sakte hain? Aur occupancy rates kitni hai wahan pe, agar project 'null' hai toh?
Bhai, you've hit the nail on the head with RERA. Laxmi Vihar ka toh mujhe bhi sunne mein aaya hai ki status 'null' hai. Matlab, approval mein hi itna time lag raha hai, toh possession ka kya scene hoga? Absentee landlord ke liye yeh sab double headache hai, especially if the builder isn't transparent.
Null status ka matlab toh clear hai na, construction stalled hai ya permissions hi nahi hain? Bahut risky lag raha hai ye toh.
Exactly! My cousin booked a flat near Alaknanda, similar 'null' status for ages. End result? Builder declared bankruptcy. Laxmi Vihar ke liye bhi suna hai ki papers mein kuch issues hain, isliye RERA registration अटक गया है. Rental yield toh door ki baat, pehle toh property mil jaaye time pe! Resale value bhi tabhi banegi jab project complete ho.