K
Kavya Bhatia
posted on 9 MayOmaxe Celestia Royal: Is the ROI dream real?
Honestly, I'm so fed up of renting. Landlord just raised rent again, so finally taking the plunge into property investment. Looking at Omaxe Celestia Royal in Chandigarh. Builder ka track record mixed suna hai. What's the real capital appreciation potential here? Pre-launch vs current pricing mein kitna upside bacha hai? Aur iska actual rental yield kya expect kar sakte hain? Possession timeline bhi important hai for EMI vs rent math. Any investors already in, share your experience please. Kya ye long-term wealth creation ke liye sahi hai ya just hype?
#omaxe-celestia-royal#chandigarh-investment#capital-appreciation#rental-yield#under-construction
Comments
It's a tough call, honestly. Chandigarh's real estate market is quite dynamic right now. While Omaxe does have a mixed reputation, this particular location in New Chandigarh has potential for long-term growth. Pre-launch prices are usually tempting, but the risk of delays is real. The key is to factor in the opportunity cost and potential rental income vs. EMI for those 4-5 years. What's the general sentiment on property prices in the region for the next 5 years, considering the current economic climate?
For those asking about possession, the RERA details (PBRERA-SAS80-PR0885, PBRERA-SAS80-PR0879) show the official date as 2028-01-01. So, yes, it's still quite a wait. But at least there's a RERA date now, which provides some protection.
Been there, done that with Omaxe. My advice? Be very, very cautious. They are notorious for delays. My friend booked in another Omaxe project near Rasulpur, and the possession was delayed by almost 3 years! The EMI vs rent math goes completely haywire when that happens. Don't just look at the shiny brochures; talk to existing residents of their other projects.
I'm also considering this! The amenities look good. What kind of rental yield are people *actually* expecting here? Chandigarh mein rentals are high, so hoping for a good return. Any idea about the current rents in nearby Omaxe projects?
Yaar, rental yield toh theek hai, but builder ka commitment dekho. My cousin booked in Omaxe New Chandigarh years ago, and possession dates kept shifting. They finally got it but the mental stress was immense. Make sure you check the RERA details thoroughly. PBRERA-SAS80-PR0885 and PBRERA-SAS80-PR0879 are the numbers, right? Keep tabs on the RERA portal.
Oh, 25-30k sounds good. But is that for 2BHK or 3BHK?
Nearby Omaxe projects like Omaxe New Chandigarh are giving around 15-20k for a 2BHK right now. For Celestia Royal, by 2028, I'd expect 25-30k easily, maybe more if the market picks up. But it depends on the unit type also.
Bhai, I also looked at Omaxe Celestia Royal. Location acchi hai but builder ka track record toh sabko pata hai. My main concern is the 'mixed' part. Are we talking about delays or quality issues? Also, the current pricing seems a bit steep for a project with possession so far out, 2028 tak. How will it compare to other areas like Mullanpur Garibdass by then? Rental yield is important for me as my EMI will be high.
Dekho, delays hote hain but location is king, especially in New Chandigarh. Celestia Royal ki connectivity is a big plus. Long-term appreciation mein yeh sab choti moti baatein cover ho jaati hain.
Totally agree! Omaxe ke projects mein delays toh common hai. Mera friend Manimajra mein stuck hai.