Nagin Lake Apartment: Is the investor hype real?

₹1.5 Cr for a 3BHK at Nagin Lake Apartment — is it really worth it for an investor? Everyone glorifies its location, but I'm not seeing the capital appreciation potential now. Kya real rental yield 3% bhi milega? Honestly, I feel the resale market for these older apartments isn't that liquid. Change my mind.