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Anuj Mishra
Pareena Coban Mohali ka long-term ROI kaisa hai?
Mohali Sector 115 — finally moved into Pareena Coban last month. Been searching for an investment property for ages, honestly not sure I made the best choice. My budget was around ₹2.1 Cr for a 3BHK, wanted something ready for immediate rental income. Builder ka track record laga toh sahi, but ab soch raha hoon resale market ka kya scene hai. What's the capital appreciation forecast here? The price I paid feels okay, but will it grow enough in 5 years? Also, rental yield kitna expect kar sakte hain? I'm getting ₹25k but not sure if that's standard for this area, koi batao. Is there an active secondary market, ya fir exit strategy mein problem aayegi? Don't want a ghost society, investor-to-end-user ratio kaisa hai?
#roi-potential#resale-value#rental-yield#mohali-investor#pareena-coban
Comments
I visited Pareena Coban last month. The amenities are decent, but the occupancy did seem lower than expected for a completed project. ₹25k rental is about average for a 3BHK in that specific pocket of Mohali 115, but for a 2.1 Cr investment, you're right, it's not great. You might have to wait longer than 5 years for significant appreciation, unless there's a big shift in regional development plans. Exit strategy might be tricky if end-user demand doesn't pick up.
For capital appreciation in 5 years, it's hard to say definitively for Mohali 115. The current market conditions in Gurugram and surrounding areas are a bit mixed. While some premium sectors are seeing good jumps, peripheral areas like this often lag. You need infrastructure development or major job hubs to drive appreciation. Is there anything big coming up nearby?
I checked Pareena Coban a while back. Possession date was September 2022, right? The RERA number is GGM/419/151/2020/35. The total units are 456. My concern was always the location. It's a bit on the periphery, which affects immediate demand from end-users. Rentals of 25k for 2.1 Cr, that's barely 1.4% yield, which is quite low. For investment, you typically want 2.5-3% minimum to cover some costs. You might struggle with appreciation if the end-user demand isn't strong enough.
The investor-to-end-user ratio is my main worry too. If it's mostly investors, a 'ghost society' is a real possibility, as U1 mentioned. Does anyone have any on-ground info about how many families are actually living there versus how many flats are locked?
Yes, possession was on time for most, which is a good sign for the builder's reliability. But the price range for 3BHKs in Coban is actually ₹1.9 Cr to ₹2.9 Cr, so ₹2.1 Cr is on the lower side. Maybe you got a good deal on the purchase price, which could help with appreciation later. But 25k rental is definitely on the lower end for that investment.
That's a very valid point about the yield. My property in Baharampur Naya, which cost significantly less, gives me a better rental return than that. What do you think would be a 'good' rental for 2.1 Cr in that area then?
Bhai, 2.1 Cr for a 3BHK in Mohali 115 sounds a bit high for just 25k rental. I was looking at something similar near Airport Road (Gurgaon side) and the rental yields there are usually much better, around 30-35k for a 1.8 Cr property. Capital appreciation in Mohali has been slow compared to other areas. My cousin bought a flat in Basai a few years back and he's barely seen any growth.
Sahi keh rahe ho. Mohali 115 mein investor-to-end-user ratio kya hai, yeh bhi dekhna padega. High investor ratio means more supply if everyone tries to exit at once. Koi idea hai is project ka?
Exactly! I'm also worried about this. I've heard too many stories about builders promising the moon and then resale value stagnating. Is ₹25k really low for a 2.1 Cr property in Mohali?
Mohali Sector 115, finally moved into Pareena Coban last month. Been searching for an investment property for ages, honestly not sure I made the best choice. My budget was around ₹2.1 Cr for a 3BHK, wanted something ready for immediate rental income. Builder ka track record laga toh sahi, but ab soch raha hoon resale market ka kya scene hai. What's the capital appreciation forecast here? The price I paid feels okay, but will it grow enough in 5 years? Also, rental yield kitna expect kar sakte hain? I'm getting ₹25k but not sure if that's standard for this area, koi batao. Is there an active secondary market, ya fir exit strategy mein problem aayegi? Don't want a ghost society, investor-to-end-user ratio kaisa hai?