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Neil Arora
My Umiya Prism investment dilemma, need real talk
Okay I'll be honest, even working in real estate doesn't make buying for myself any easier. I'm eyeing Umiya Prism for investment. What's the real capital appreciation since launch, off the record? I know what builders don't tell you. Also, how liquid is the resale market there? And Umiya Builders, what's their actual delivery track record like? Want honest opinions on long-term ROI.
#umiya-prism#investment#capital-appreciation#resale-market#builder-track-record
Comments
Honestly, the builder's reputation for timely delivery is key. If they've had delays before, it's a red flag. For a first-time investor, peace of mind is worth a lot. Have you checked reviews specifically about Umiya's past projects? That would give you a clearer picture than just current market talk. Don't get swayed just by the brochure photos.
That's a very practical point. I'll search for older project reviews. What's the best way to find unbiased reviews, apart from just Google? Are there any specific forums or websites people use for this? I'm new to this whole research process.
I'm looking at properties in Akshayanagar and Agrahara Layout too, and the market there is pretty competitive right now. With Bengaluru's real estate cooling a bit after the initial post-pandemic boom, expecting massive capital appreciation in a project like Prism might be a bit optimistic, especially with such a long wait time. Don't just go by builder promises.
For capital appreciation, check the RERA number: PRM/KA/RERA/1251/309/PR/180426/008593. It's an ongoing project, only 9 units. Small projects sometimes have good appreciation if they're in a prime spot, but liquidity can be an issue with fewer units. Resale will depend heavily on the area's overall development by 2029.
Only 9 units? Wow, that's really small. Doesn't that make it harder to sell later? Like, less buyers might be looking for such specific, limited options? I thought more units meant better liquidity.
Listen, off the record, Umiya Builders ka delivery track record has been 'iffy' in the past. Not saying they're bad, but delays are common. My friend booked in their Aavalahalli project, and it got delayed by over a year. So for Prism, with 2029, I'd factor in at least a year or two more.
Umiya Prism? Bhai, I was also looking at it a few months back. The possession date 2029-03-01 felt so far away for an investment. For capital appreciation, I heard mixed things. Kuch log bolte hain location achhi hai, but then delivery track record pe doubt aata hai. Kya aapne kuch specific suna hai?
Same pinch! I'm a first-time buyer too, and the 2029 possession date is a huge concern. It's almost 5 years away! Is it even safe to block funds for so long? What if the market changes drastically by then?