T
Tarun Khanna
Navya Greens: Remote investor's dilemma
My power of attorney setup is almost done, but I'm still stuck on the actual project. Being based in Dubai, I can't do site inspections for Navya Greens, which is upcoming at ₹1.10-1.40 Cr. Investors, please tell me, is this project worth it? What was the pre-launch price compared to now? I'm worried about capital appreciation. Also, what's the builder's track record for delivery? I can't afford delays ya legal headaches from so far away. Delhi mein 1BHK/2BHK ka rental yield kitna expect kar sakte hain? And is there a good resale market for such projects after 5-7 years? I need solid ROI.
#navya-greens#investor#capital-appreciation#rental-yield#project-delivery
Comments
Honestly, the current Delhi real estate market is still recovering in many pockets. For an upcoming project with a builder whose track record isn't clear, and especially for an NRI, I'd suggest extreme caution. The price range of ₹1.1 Cr to ₹1.4 Cr is a significant investment. Maybe look for ready-to-move options with established builders, even if it means a slightly higher price. Peace of mind is priceless, especially when you're not in the country.
Regarding the builder's track record, I tried finding reviews but there isn't much public data. This is a huge red flag for me. If they're new or don't have many completed projects, it's very difficult to trust them, especially for an NRI who can't monitor things. Legal headaches from far away are the worst, trust me, I've seen friends go through it with projects in Gurgaon.
I've been tracking Navya Greens for a while. The pre-launch price was around ₹95-98 Lacs for the lower end units, so yes, there's been an increase. Capital appreciation in Delhi for projects like these is very location-dependent. If it's well-connected, maybe. But for an upcoming project, with only 32 units, resale might be tricky if the builder doesn't establish a good reputation. Rental yield for 1BHK/2BHK in Delhi can be anywhere from 2-4% gross, depending on location and amenities. Not great for a ₹1 Cr investment.
The price difference from pre-launch is a concern. Almost 15% jump already? It means the initial 'investor' discount is gone. Capital appreciation ke liye toh abhi se itna price hike is not a good sign for long term ROI.
Your point on resale is valid. Small projects can be hard to liquidate quickly. I'm also a first-time buyer and looking for something with good appreciation. This project sounds like a gamble for someone in Dubai.
2-4% is very low! I was hoping for at least 5-6% to cover my EMI partially. Agar itna kam hai toh it's not worth the risk. What about areas like Anand Niketan, do they offer better yields?
Bhai, Navya Greens ka naam sunke thoda darr lag raha hai. I heard similar projects from new builders in Delhi, especially in areas like Anand Vihar, often face delays. ₹1.1 Cr for an upcoming project, that too without proper site visits, seems very risky. Pre-launch prices are usually 10-15% lower, so abhi jo price hai usme capital appreciation ka scope kam lagta hai.
Haan, Anand Vihar mein toh bahut issues hain. But Navya Greens seems to be in a different zone. I checked the RERA site, the possession date is 2026-08-01. Total units are 32. It's a small project, sometimes those are faster.
Exactly, U2! My cousin booked a flat near Alaknanda two years ago with a similar builder and it's still stuck. Delivery ka toh pata nahi. ₹1.1 Cr is a huge amount for us first-time buyers, we can't afford to lose it.
My power of attorney setup is almost done, but I'm still stuck on the actual project. Being based in Dubai, I can't do site inspections for Navya Greens, which is upcoming at ₹1.10-1.40 Cr. Investors, please tell me, is this project worth it? What was the pre-launch price compared to now? I'm worried about capital appreciation. Also, what's the builder's track record for delivery? I can't afford delays ya legal headaches from so far away. Delhi mein 1BHK/2BHK ka rental yield kitna expect kar sakte hain? And is there a good resale market for such projects after 5-7 years? I need solid ROI.