My Hero The Ark investment dilemma

Dekho, every project has its pros and cons. Hero The Ark definitely has the advantage of being completed, which is a huge relief compared to under-construction projects. Location in Sector 88 has potential for long-term growth, but short-term gains or high rentals are not guaranteed. It's a high-value purchase, so do your due diligence on actual rental agreements in the area and compare prices with other completed projects in neighbouring sectors like Baharampur Naya before committing. Don't get swayed by just one factor.

My biggest worry is the resale. For a 2.5 Cr property, if the appreciation isn't strong and rental yields are mediocre, you're stuck. I've seen so many projects where people bought into the 'future potential' hype, only to struggle to find a buyer later without a significant discount. Especially if the total units are only 77, the buyer pool is also smaller.

Adding to U7's point, the current market conditions in Gurgaon are very competitive for rentals. There's a lot of inventory, and tenants are looking for value. While Sector 88 is developing, it's not yet a rental hotspot like other established areas. So, getting that 50-60k consistently might be tough. Resale liquidity for a 2.5 Cr flat also depends heavily on future infrastructure development and overall market sentiment, which can be unpredictable.

U6, I have a friend who lives in a similar complex nearby, and he says 3BHKs usually go for around 38-45k, maybe 48k if it's exceptionally done up. 50-60k sounds like a dream for Sector 88 right now, unless it's a super-luxury serviced apartment. Normal residential flats don't command that much unless you're talking about prime sectors closer to Cyber Hub or Golf Course Road.

I'm still stuck on the rental yield. Has anyone here actually rented out a 3BHK in Hero The Ark or a similar project in Sector 88 for 50k+? I need some real numbers, not just hearsay. Is the demand really that high for such a premium rental?

Exactly, U4! That's the catch. They always quote the best-case scenario. My cousin bought in a similar 'upcoming' sector near Basai a few years back, and the resale liquidity has been a nightmare. Property prices wahan stagnant ho gaye. The 2.3 Cr – 2.9 Cr range for Hero The Ark feels like it's already priced for future appreciation, leaving little room for immediate gains. First-time buyer ke liye thoda risky hai, I feel.

Haan U3, I checked the RERA site. The RERA number is GGM/726/458/2023/70, and it's officially listed as COMPLETED. So, no issues there with delivery. But about the rental yield, I agree, 50-60k is ambitious. Maybe for fully furnished, top-floor units with excellent interiors? Average might be closer to 35-40k for a 3BHK in that specific micro-market. It's not Airport Road, after all.

U2, you're saying it's completed? Really? Builder ka completion certificate mil gaya kya? Because sometimes 'completed' means ready for possession but still minor issues. Also, what about the actual rental yields? Mere ek friend ne nearby Badshahpur mein liya tha, usko toh itna nahi mil raha, even after 2 years. I'm skeptical about the 50-60k claim.

Bhai, location is everything, aur Sector 88 ka connectivity future mein bahut strong hone wala hai. Plus, it's a Hero project, unka track record toh theek hi hai. The project is COMPLETED, so no construction delays to worry about. I heard the total units are only 77, makes it exclusive. Maybe that's why the premium pricing? I think it's a decent buy, especially if you plan to hold long term. Short-term appreciation shayad kam ho, but rental demand is definitely there.

Honestly, I'm with you on this. Hero The Ark sounds great on paper, especially the 'completed' status, but 2.5 Cr for a 3BHK in Sector 88? That's a huge commitment for a first-time buyer like me. The 50-60k rental yield seems too good to be true, given the current market. Kya sach mein utna mil raha hai logon ko?