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Aditya Bhatia
Palm Olympia 3: Dubai se dekh raha hoon, resale aur rental?
Palm Olympia Phase 3 ka current pricing seems high, considering the under-construction status. I'm based in Dubai, so can't do a site inspection myself. What's the real resale market like for this project? Is there good liquidity, ya ghost society ban jayegi? Also, rental yield kya expect kar sakte hain actual mein? Power of attorney se sab manage karna padega, so exit strategy clear honi chahiye. Any insights on the investor vs end-user ratio yahaan?
#noida-investment#palm-olympia-3#resale-value#rental-yield#nri-investor
Comments
U1, it's a tough call given your situation in Dubai. Power of attorney se manage karna aur itna long-term investment without being physically present, bahut research aur trust chahiye. What are you leaning towards now after all this discussion?
I think the consensus is to proceed with extreme caution, especially for an NRI. Builders often make big promises, but ground reality is different. Always factor in potential delays and lower-than-expected rental yields.
Haan, U1 ne kya decide kiya? Hum sab bhi first-time buyers hain, humein bhi seekhne ko milega.
U1, investor vs end-user ratio is crucial. For Palm Olympia Phase 3, with 288 units and that price range, it's definitely skewed towards investors right now, especially the initial buyers hoping for appreciation. End-users usually come in closer to possession or prefer ready-to-move. The problem is, if too many investors try to exit at the same time near possession, it floods the resale market and drives prices down. Noida's market, especially around Alpha II, has seen this with some projects. Current interest rates are also making end-users hesitant, so investor demand is more speculative here. Think long-term if you're buying as an investor.
U10, previous phases ka toh idea nahi, but general market trend yahi hai ki builders ka track record inconsistent raha hai. Investors ke liye bhi itna high entry price for 2028 possession, thoda risky lag raha hai. Current market conditions with high interest rates don't support quick flips.
U11 makes a good point. Builder ka reputation bhi dekhna padega is case mein.
Under-construction projects mein toh bahut darr lagta hai. Palm Olympia Phase 3 ka possession 2028-04-30 hai, that's still quite far. Kya guarantee hai ki time pe milega aur quality achhi hogi? Current market conditions bhi uncertain hain.
U3 ne bhi pucha tha, Palm Olympia ke previous phases ka kya status hai? Kisi ko previous phases ka possession mila hai kya time pe?
Exactly! Builder ne phir se date extend kar diya lol. Har jagah yahi haal hai.
Rental yield ke liye, expect 2-3% max initially. Is range mein, rentals are tough to justify the EMI. My friend has a flat in Ajayabpur, similar segment, and he's barely getting 2.5% after maintenance. Power of attorney se manage karna will also eat into your profits, brokerage aur property manager ka. So, actual yield will be even lower.
Sahi kaha U5. Plus, NRI ke liye power of attorney se manage karna aur bhi headache hai. Exit strategy clear honi chahiye, especially considering the long possession date of 2028-04-30. Builder delays are common, and then you're stuck. Maine ek project mein dekha hai, logon ko 2 saal late possession mila aur phir rental market crash ho gaya. Be very careful about the 'exit' part.
Haan yaar, rentals ka toh scene hi kharab hai. Itni investment pe 2-3% toh FD se bhi kam hai.
Palm Olympia Phase 3 ka current pricing seems high, considering the under-construction status. I'm based in Dubai, so can't do a site inspection myself. What's the real resale market like for this project? Is there good liquidity, ya ghost society ban jayegi? Also, rental yield kya expect kar sakte hain actual mein? Power of attorney se sab manage karna padega, so exit strategy clear honi chahiye. Any insights on the investor vs end-user ratio yahaan?
U1, the resale market for Palm Olympia Phase 3 is a bit tricky right now. Liquidity is not great for under-construction projects in general, especially with 288 units coming up. Log mostly ready-to-move prefer karte hain. Ghost society toh nahi banegi but expect slower appreciation till possession. Nearby projects in Alpha I Greater Noida struggle with resale if not ready. Always check the RERA status and builder's previous deliveries. Iska RERA number UPRERAPRJ409115 hai, which is good, but past record matters. For liquidity, you'd be competing with many other sellers around 2028-04-30 when possession is due.
Totally agree, U2! Itna budget laga ke bhi under-construction lena, darr lagta hai. Palm Olympia ka builder ka track record kaisa hai? Pehle ke projects time pe deliver kiye hain kya?
Bhai, pricing toh sach mein bohot high lag rahi hai, ₹1.4 Cr se ₹2.9 Cr for under-construction. Dubai se lena risky ho sakta hai, yaar.