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Aishwarya Ramaswamy
posted on 10 MayPushpak Society appreciation is purely on paper
What's the actual capital appreciation for Pushpak Society since its launch? Fed up of renting in Chandigarh, landlord just hiked rent again. Finally taking the plunge to invest, eyeing a flat for around 1.96 Cr. I'm trying to figure out long-term wealth creation here. Is the price movement genuine, or just builder-driven? Also, what's the real rental yield? Brochure numbers always look great, but what can one realistically expect per month? Worried about a high investor ratio making it a ghost society.
#capital-appreciation#rental-yield#investor-ratio#chandigarh-real-estate#pushpak-society
Comments
Dekho, Pushpak has potential because of its location in New Chandigarh, but the current valuations seem stretched. For a first-time buyer like U1, it
Rental yield ka toh bhool jao. My cousin invested in a 2BHK there last year for around 1.85 Cr (thoda pehle tha price). He's getting barely 20-22k rent. That's not even 1.5% yield. Plus, maintenance charges are high. He's now thinking of selling because the 'appreciation' is only virtual, not real cash in hand. He could have invested in a smaller unit in Manimajra and got better returns.
U6, same story everywhere. Builders inflate prices, but rental market doesn't catch up. Stuck between a rock and a hard place.
Haan bhai, U7, ghost society wali baat sahi hai. Most units are empty or just rented out for nominal amounts by investors trying to cover EMIs. Current market conditions in Chandigarh are also a bit slow for high-end rentals, especially outside prime areas. Demand is there for affordable housing, not so much for luxury rentals.
20-22k for 1.85 Cr? That's really low! What about the investor ratio U1 mentioned? Is it really a ghost society?
Totally understand your pain with rent hikes! Pushpak looks good on paper, especially with the New Chandigarh development nearby. But capital appreciation is my main concern too. What's the possession status for these flats? Is it RTM or still under construction?
U3, the possession status is indeed a gray area. Builder website pe toh ready dikhate hain, but ground reality is different. My broker told me they're still ironing out some completion certificates. For a 1.96 Cr investment, clarity on possession is crucial, otherwise you're paying EMIs without getting rent or living there. I'd say check the RERA status properly before committing, because sometimes these 'soon' can be years.
Jo aapne possession status pucha, I checked last month, and they are still showing 'possession soon' since ages. My friend booked in Mullanpur Garibdass and got possession way faster. This 'null' status for Pushpak worries me, makes me think of hidden delays.
Bhai, 1.96 Cr for Pushpak? Thoda zyada nahi lag raha? I heard prices are stagnant there for a while.
What's the actual capital appreciation for Pushpak Society since its launch? Fed up of renting in Chandigarh, landlord just hiked rent again. Finally taking the plunge to invest, eyeing a flat for around 1.96 Cr. I'm trying to figure out long-term wealth creation here. Is the price movement genuine, or just builder-driven? Also, what's the real rental yield? Brochure numbers always look great, but what can one realistically expect per month? Worried about a high investor ratio making it a ghost society.