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Inderjit Atwal
Rental yield claims for The Park are a complete joke.
Honestly, the rental yield at The Park is nowhere near what the builder showed. Just got possession in March, and the society feels so empty. It's mostly investor flats, I think. This low occupancy is making it tough to even find good tenants, let alone get decent rent. What are others actually getting for a 2BHK here? Should I just look to exit now? Worried about the resale market long-term if this ghost town vibe continues. Anyone else facing this after moving in?
#the-park#greater-noida#rental-yield#investor-ratio#resale-value
Comments
It's tough when expectations don't match reality, especially with such a big investment. While the low occupancy is definitely a red flag, exiting now might mean taking a loss too, given the current market sentiment. Have you considered trying to rent it out through corporate leases or looking for tenants who prefer quieter societies? Sometimes it takes a while for new societies to fill up. What's your plan now, original poster? Are you actively trying to sell, or just explore rental options more aggressively?
Original poster, can you share what rent you're actually getting for your 2BHK? It would really help us understand the ground reality versus these builder claims.
Bhai, this is a classic trap. I almost fell for it with a project near Ajayabpur. The sales guy painted such a rosy picture of rental income, showing me 'dummy' lease agreements. Luckily, a senior colleague advised me to talk to local brokers and existing residents in similar projects *before* committing. Turns out, the actual rents were 30-40% lower than claimed. Always verify demand independently, don't just go by builder brochures. For ₹75 L – ₹1.5 Cr, you need solid returns.
This is so disheartening to hear. I almost considered The Park because the amenities looked good on paper, but ₹75 L – ₹1.5 Cr for a flat that can't even fetch decent rent? That's a huge commitment. My dad always warned me about projects with too many units (934 total units, right?) becoming difficult to manage and prone to investor-driven markets. He said to look for something smaller, more community-focused, maybe in Alpha I Greater Noida, even if it meant a slightly older property. Investor-heavy projects rarely deliver on rental promises.
U7, you hit the nail on the head! Maintenance is a killer. Even with so few residents, the society charges are quite high, around ₹4 per sq ft. It just adds to the overall outflow without any matching income. Makes the 'exit now' thought even stronger for the original poster.
And the maintenance charges must be hitting hard too, no? With low occupancy, they usually don't reduce.
Exactly! 934 units is a massive number. Noida market is already struggling with oversupply in many pockets, especially in areas like Alpha II. Builders just keep building without understanding the actual demand for end-users or genuine renters. It's a tough time for first-time investors looking for quick returns.
Totally feel your pain. I was looking at The Park too, but the vibe I got during site visits was exactly this – too many investor types. Builders always show inflated rental yields, it's a classic trick. Isn't The Park the one with RERA UPRERAPRJ9204? That possession date of 2019 was already a bit delayed, right?
Ghost town wali baat bilkul sahi hai. My friend bought in Alistonia Estate and is facing similar issues with occupancy. Builder ne bola tha 30k mil jayega, but ab 18k bhi mushkil se mil raha hai. What kind of rent are you actually getting for a 2BHK, original poster? My budget is tight, so rental income is crucial for EMI.
Haan, UPRERAPRJ9204 hi hai. Possession 2019-12-01 tha, but actual handover March 2020 tak chala for many units.