My next investment: Prestige Ferns Residency dilemma
Capital appreciation in the completed luxury segment is a calculated risk these days. I'm closely evaluating Prestige Ferns Residency for an investment, specifically a 3BHK. From my experience, the real ROI comes from understanding the secondary market. What's the actual capital appreciation track record for Ferns Residency since its launch? I'm seeing current prices in the ₹2.5-3 Cr range, but I need to understand the historical trend. What kind of rental yield are owners genuinely achieving here? I've seen some optimistic projections, but what's the ground reality for a 3BHK? Also, how liquid is the resale market for Ferns Residency? Is offloading a unit there relatively quick, or does it sit for months? Need solid data before making a move.
Comments
Bhai, capital appreciation in luxury segment is a myth sometimes, especially post-completion. Prestige is a big name, no doubt, but Ferns Residency ka 2.5-3 Cr range sounds too high for investment. Rental yields bhi kitne hi honge? I'm seeing similar properties in Akshayanagar struggle with rentals for this price point. Is it really worth the risk for a first-time investor like me?
Totally agree, U1. Mera ek friend ne bhi Prestige Falcon City mein liya tha