NRI trying to invest remotely — is this 99 Homez gamble worth it?
The market's focus on pre-launch pricing for 99 Homez Caelum Hights in Noida Extension feels disproportionate to the actual investor returns. As someone based in Dubai, I'm trying to gauge the true capital appreciation potential here. Is the current pricing, roughly ₹41L to ₹67L, fair given it's an upcoming project? I can't conduct a site inspection, so the builder's delivery track record and RERA compliance are critical. What's the realistic rental yield expectation for a 2BHK/3BHK? Honestly, managing remotely, even with a POA and property manager, seems like a significant operational hurdle. Will the resale market be liquid enough if I need to exit in 5-7 years? Change my mind.
Comments
Yaar, I completely get where you're coming from. Being an NRI and trying to invest in an 'upcoming' project like 99 Homez Caelum Hights without a site visit is a huge risk. Especially when it says 'Rera Not Applicable' – that's a massive red flag for me. Pre-launch pricing at ₹41L-₹67L for something still in papers, with a remote management headache? Bhai, it sounds like a gamble. My cousin had a nightmare with a project near Alpha II in Greater Noida that kept getting delayed for years, and he was even living in India!