V
Vinay Gupta
NRI trying to buy property remotely – this is hard.
₹70 lakh for a 1BHK at Kalbhor Sitangan Residency, Pune – this pricing seems to be the current market. I'm based in Dubai, looking to invest back home. What's the developer's project delivery track record like for ongoing projects? RERA status mein koi issues toh nahi hain, and what's the realistic rental yield I can expect? Remote investment mein legal clarity aur reliable rental income bahut important hai.
#kalbhor-sitangan-residency#pune-investment#nri-investor#project-delivery#rental-yield
Comments
My friend booked a flat with a relatively unknown builder recently. RERA number tha, sab paper work ok. But construction quality is average, and possession got delayed by 6 months already. Kalbhor Sitangan Residency ka RERA status toh active hai, but always check for past complaints on the RERA portal. Sometimes, builders change their company name if they have a bad track record. Just a thought.
I was also eyeing a property in Sinhagad Road, and even there, 1BHKs are around 55-60L. 70L for Kalbhor Sitangan Residency seems like a premium for some reason. Have you visited the site, U1? Sometimes the location or amenities justify the price, but usually not for a 1BHK.
U10, site visit is a must, even if you send someone reliable. Agents often paint a rosy picture. For a 1BHK at 70L, in this market, the rental yield will be like 2-3% max. Unless it's a super prime location with high demand, it's not looking good for investment.
No site visit for me, U9. I'm in Dubai, that's the whole challenge. I'm relying on family and local agents, but their opinions vary. That's why I posted here. Main concern is if the builder is reliable and if this price is actually worth it for future appreciation or rental.
Remote investment mein rental yield calculate karna bahut tricky hai. 70L for 1BHK, even if you get 15k-18k rent, your yield will be very low after property tax and maintenance. Pune mein rental market kaafi competitive ho gaya hai after COVID. What kind of rental income are you realistically targeting?
Kalbhor Sitangan Residency is an ongoing project. I checked on RERA, the number is P52100055562. Possession date is 2024-12-01. Total units 12. Small project hai toh delivery track record dekhna aur bhi important ho jaata hai. Builder ka naam kya hai?
12 units? That's really tiny. Yeh toh joint venture type ka project lag raha hai. Builder ka naam hi pata chal jaaye toh thodi research kar sakte hain. Legal clarity ke liye, make sure you get a local lawyer to check all documents, especially if you're remote.
Thanks for the RERA info, U5! That's super helpful. Small projects can be risky, especially if it's their first one. My uncle got stuck with a small builder in Akurdi who delayed possession by 2 years. Did you find any info on the builder's past projects?
₹70 lakh for a 1BHK at Kalbhor Sitangan Residency, Pune – this pricing seems to be the current market. I'm based in Dubai, looking to invest back home. What's the developer's project delivery track record like for ongoing projects? RERA status mein koi issues toh nahi hain, and what's the realistic rental yield I can expect? Remote investment mein legal clarity aur reliable rental income bahut important hai.
Bhai, 70L for a 1BHK sounds steep, even for Pune. I'm also a first-time buyer and the rates are making me nervous. Remote investment ka toh aur bhi tension hai. Kalbhor Sitangan Residency ka naam pehle suna nahi hai, koi reviews hain kya?