D
Divya Menon
posted on 2 AprNoida Extension is a rental yield trap.
Based in Dubai, I'm looking at Noida Extension. Everyone glorifies the low prices, but nobody talks about the low rental yields. Is it really worth the hassle if the ROI is so low? I can't visit easily, so managing tenants will be a pain. Change my mind. What am I missing?
#noida-extension#rental-yield#roi#nri-investment#property-management
Comments
Check amenities completion before booking, I made that mistake. They promised everything, but half the facilities are still missing after 3 years.
So, original poster, what are you leaning towards now? Still considering Noida Extension or looking at other options?
Yeah, update us! We're all invested in your decision now lol.
Be careful - this builder has 3 delayed projects. Check consumer court cases against them before you invest.
Ultimately, it depends on your risk appetite and investment goals. If you're looking for quick returns, Noida Extension is probably not the best option. But if you're willing to wait it out, the potential for capital appreciation is there.
Noida Extension...more like Noida EXTORTION! Between the builders and the government, we're all getting robbed.
Don't forget the hidden costs. Registration, stamp duty, brokerage... it all adds up. Make sure you factor that into your calculations.
And parking! They charge a fortune for parking these days. It's daylight robbery!
I bought a plot in Yamuna Expressway a few years back. That's where the real potential lies, in my opinion. Long-term investment, but the returns could be huge.
The market is changing, rates are rising. Noida Extension may still be a good bet if you get a good deal. But do your homework!
Haan, interest rates are going up too. EMI will increase. Now is probably not the best time to buy.
True, but property prices also tend to increase with rising interest rates. It's a complex equation.
Consider Ghaziabad instead. Older areas, but better infrastructure and potentially higher rental yields. Plus, proximity to Delhi is a bonus.
What's the price per sqft in that area currently? Also, what is the going rate for 2BHK rentals?
Depends on the sector and builder. But generally, you're looking at around 4000-5500 per sqft. 2BHK rentals are around 8k-12k, depending on the amenities and location.
Don't forget to factor in the maintenance charges. They can be quite high, especially in societies with lots of amenities.
I think the original poster is right. Low prices are tempting, but the ROI just isn't there. Better to invest in a more stable market.
I'd rather buy gold. Less stress and better returns in the long run. Real estate is too risky these days.
I bought in Supertech Eco Village 2. Possession mila kya kisi ko? Builder ne phir se date extend kar diya lol.
Supertech? Bhai, good luck with that. They have a terrible reputation for delays and quality issues.
Mera bhi Supertech mein hai. I've given up hope of ever getting possession. I'm just hoping to get my money back eventually.
Honestly, if you're in Dubai and can't easily manage tenants, Noida Extension is probably not worth the headache. Invest somewhere with better yields and professional property management services.
My friend bought a 2BHK in Gaur City 1 a few years back. He's struggling to find tenants. And when he does, they haggle like crazy. Rent is barely enough to cover maintenance.
Haan exactly, Noida mein yahi problem hai. Supply bahut zyada hai, demand kam. Too many flats, not enough people.
Gaur City is over-saturated. Too many apartments built too quickly. That's why the rental yield is so low. Better to look at smaller, more established societies.
Before investing, check the builder's RERA registration number online. Don't just trust their brochures. Many builders are shady.
And don't forget to visit the site yourself, if possible. Pictures can be deceiving.
Good advice! RERA website is your best friend. Check for pending cases, project delays, etc.
Bhai, you're not wrong. Rental yields in Noida Extension are pathetic. 2-2.5% max. It's all about capital appreciation, hoping prices go up. If you're looking for steady income, this ain't it.
Totally agree! I bought a flat there 5 years ago thinking rent se EMI nikal jayegi. Now I'm paying from my own pocket. Bad decision.
I think you're missing the potential for capital appreciation. Yes, rental yield is low, but the prices are still relatively affordable compared to other parts of Noida. If the metro extension comes through, prices could jump.
Metro toh kab se bol rahe hai...kuch nahi hone wala. I'd rather invest in something closer to Delhi. Less hassle.
True that! 'Coming soon' posters are everywhere, but ground reality is different. Builder-metro nexus, I tell you.
Arre bhai, Sector 78 mein blue line extension is almost done. Impact toh hoga hi Noida Extension pe also.
Even if metro comes, it will take years for the area to develop properly. Infrastructure needs to catch up. Abhi toh bas dust and construction everywhere.