J
Jyoti Patel
posted on 21 MarNoida investment: Under-construction vs Ready-to-move?
Hey guys, I'm looking at investing again in Noida. I already have a couple of flats, but I'm torn this time: under-construction or ready-to-move? I got burned once with an under-construction project years ago, delayed for ages! The Arihant Group has some tempting pre-launch offers, but those RERA stories still scare me, yaar. Ready-to-move seems safer, but the prices are higher, and the ROI might be lower. Plus, I was also thinking about Goyal Colony mein property. Has anyone experienced good appreciation there recently? Which one is better for rental yield right now? What do you think?
#investment#under-construction#ready-to-move#rental#Noida#property
Comments
Honestly, given the current market conditions, I'd lean towards ready-to-move. The peace of mind is worth the premium. Plus, you can rent it out immediately.
So, @OP, what are you leaning towards now after hearing everyone's opinions? Still tempted by the Arihant offer?
One more thing - don't just look at the price per sqft. Factor in the super area. Builders often inflate that to make the base price look attractive.
Mera experience: Under-construction is only worth it if you can get a really, really good deal and you're prepared to wait. Otherwise, ready-to-move is the way to go.
I think right now with interest rates rising, ready-to-move makes more sense. Less risk, you can actually see what you are buying, and if you are taking a loan, you start paying EMI right away and getting tax benefits.
Goyal Colony is old Noida. It has its charm, but appreciation might be limited compared to newer sectors. Think long-term.
Arihant ka RERA number check karo and search for any pending complaints. That will give you a good idea of their reliability. Also, visit the site multiple times.
One thing I learned the hard way: check the amenities completion rate before booking in an under-construction project. Builder promises everything, but delivers nothing!
Under-construction projects are cheaper for a reason! You're taking on the risk. Ready-to-move is safer, but you need to negotiate hard on the price.
Possession status kya hai Arihant Group ke project ka? Delay toh nahi ho raha? That's the key question.
Bhai, Noida mein builder promises are worth less than the paper they're written on! Get everything in writing and verified by a lawyer.
Don't forget to factor in maintenance charges when calculating rental yield. Some societies charge a fortune!
Sector 150 is booming right now, especially with the new metro line extension. Might be worth considering even if it's slightly pricier.
Pre-launch offers are tempting, but RERA registration check kiya kya? If not RERA registered, run far away!
I bought a ready-to-move in Sector 75 three years ago. Prices have appreciated nicely, and I'm getting a decent rental income. Plus, no stress of construction delays!
Goyal Colony is good for rental income, but the crowd isn't great, IMO. Sector 150 or 137 are better if you're looking for long-term appreciation and a good tenant profile.
Arihant Group... hmmm, I've heard mixed reviews. Their quality of construction can be inconsistent.
Bhai, I feel you! Under-construction projects are a gamble. Arihant... *shudders*. I'd say go for ready-to-move. Peace of mind is worth the extra cost, no?
Totally agree with U1. I got stuck with a Supertech project for 7 years! Never again. Ready-to-move, slightly lower ROI is better than no ROI at all! Goyal Colony is decent, but appreciation depends on the exact block.
7 years?! OMG! That's a nightmare. Which project was it, if you don't mind sharing? Just so we all know what to avoid.
ROI is important, but rental yield matters too. What's the going rate for rentals in Goyal Colony these days? Anyone have recent experience?
Last I checked, 2BHKs in Goyal Colony were fetching around 15-18k. Depends on the condition of the flat and the furnishings, of course.