T
Tushar Mehta
posted on 10 MayOur old house sold, seeking a peaceful new home
Our 25-year-old house finally sold, now we're eyeing a 2BHK in Chandigarh. Bahut suna hai 'High Rental Yield' corridor ke baare mein. Log kehte hain rental income achha hai, but as empty nesters, we need peace, good society, low maintenance, aur hospital paas. Kya is corridor mein hidden risks hain for self-use? Kahin quality of life compromise toh nahi hogi? Kya society ka crowd mixed hota hai ya maintenance issues zyada hote hain? Koi experience share kar sakta hai?
#chandigarh-real-estate#high-rental-yield#empty-nester#hidden-risks#society-life
Comments
Ultimately, it boils down to what you prioritize. U7, you're right, the 'high rental yield' tag is becoming less true now, it's more competitive. If peace, good society, and low maintenance are key, then maybe a slightly older, well-maintained society away from the main 'rental hub' might be better. You might sacrifice some immediate appreciation or rental income, but gain peace of mind and a better quality of life. What did you finally decide, OP? Hope you found some clarity here.
Current market conditions mein, rental yield projects are getting saturated. Supply badh gayi hai, toh rent utna nahi mil raha jitna pehle milta tha. Plus, the property appreciation in these specific 'rental' areas is also slowing down. Is it still a 'high rental yield' corridor truly, or just a marketing gimmick now?
Empty nesters ke liye, I'd say avoid the pure rental yield zones. Crowd mix upar-neeche hota hai, which directly impacts your peace and sense of community. Better to look at established societies, maybe a bit older, even if rental yield is lower. Quality of life matters more at this stage, rather than just chasing rental income. Think long-term comfort.
U6, U10, sahi baat hai. Aise projects milna mushkil hai jo rental yield aur peace dono de. Jo yield dete hain, wahan peace nahi, aur jahan peace hai, wahan price bahut high hai. I saw a project near Saini Majra, good price point, but connectivity was a major issue. Hospital toh bahut door tha, that was a deal-breaker for my parents.
But budget ka kya karein? Established societies are so expensive in Chandigarh. Rental yield corridor offers some hope for affordability for first-time buyers like us, otherwise, how to manage EMIs?
Totally agree with U5! My parents live in a quieter part of Mohali and love the peace. They compromised on rental prospects but gained peace of mind. Hospital access was their top priority, and they found a place just 10 mins away. It's a trade-off worth making.
Hidden risks toh bahut hain, especially for self-use. Builder quality, possession delays, and sometimes even legal issues. I had checked out a project in Mullanpur Garibdass last year, RERA number PBRERA-XYZ-12345. It looked peaceful from outside, but construction was super slow, aur amenities ka toh koi bharosa hi nahi tha. Darr lagta hai paisa phans na jaaye.
Bhai, congratulations on selling the old house! That's a huge step. Regarding the 'High Rental Yield' corridor, I've heard mixed things. For empty nesters, peace is paramount. My cousin booked a 2BHK in New Chandigarh for rental income, and while the rent is decent, the society crowd is very transient. Har do-teen mahine mein naye log aate hain, which can be noisy. Quality of life might get compromised if you're looking for a stable, close-knit community.
But which projects specifically are good for rental yield AND peace? Koi naam batao? It feels like a unicorn project!
Sahi kaha, U2. Aur maintenance bhi high hota hai aisi societies mein. Builders ka focus sirf rent pe hota hai, so common areas ki upkeep sometimes suffer. Aur phir resident vs tenant issues bhi hote rehte hain.
Exactly! My friend bought in Manimajra and regrets the constant tenant turnover noise. Kids running in corridors, parties late night... not ideal for peace. Hospital access is good there though, that's a plus point for sure.