J
Jaswinder Sandhu
Sanjeevani Sonchapha: My first-hand rental reality check
Sanjeevani Sonchapha's rental yields are not what I expected after moving in last month. Seriously, everyone talks about Pune's rental potential, but my 2BHK at ₹1.4 Cr isn't even touching 2% yield. Is anyone actually getting decent ROI here? I'm seeing barely any capital appreciation since completion either. Resale market feels dead. Change my mind, tell me I'm wrong.
#sanjeevani-sonchapha#pune-real-estate#rental-yield#capital-appreciation#resale-market
Comments
My friend who's a property agent always says, 'Never buy for rental income alone in a buyer's market.' You need to look at the long-term capital appreciation potential. If you're not seeing that either, maybe hold on for a bit. The market sentiment can change. What was the original plan for this investment? Was it purely for rentals or self-use later?
Yeah, I heard that too. Small projects like Sanjeevani Sonchapha with only 30 units can be a gamble. Less liquidity if you need to sell quickly.
That's a good point, U9. I was hoping for both, to be honest. Rental income to help with the EMI and then good appreciation in 5-7 years. Now I'm just nervous.
To U3's point, yes, Sanjeevani Developers has had mixed reviews. I remember seeing some RERA complaints about project delays for their earlier ventures. When a project is completed by a developer with a not-so-stellar reputation, sometimes the resale value also takes a hit because buyers are wary. Total units are only 30 in Sonchapha, which is a small society, sometimes smaller societies struggle with maintenance costs which can deter renters and future buyers.
I can share my experience. I bought a 2BHK in a different project near Sinhagad Road last year for ₹90 Lakhs, and even then, getting a tenant was a struggle. My rental yield is around 2.5%, which is slightly better, but still not what I'd call 'decent ROI'. The capital appreciation is negligible too. I think the market is just saturated with new inventory, and demand isn't catching up fast enough.
Haan, bilkul. The current interest rates for home loans are also pushing up EMIs, making it harder for tenants to afford higher rents. Plus, many young professionals prefer managed PGs over independent flats now. It's a tricky situation for investors.
Which project near Sinhagad Road, if you don't mind sharing? I'm exploring options there.
Honestly, a 2BHK for ₹1.4 Cr in Sonchapha sounds a bit steep, even for a completed project. How big is the flat? Sometimes, developers inflate prices based on amenities rather than actual location value or rental potential. For that price, you could have found something with better appreciation chances in areas like Amanora Park Town, albeit maybe a bit smaller. Did you do a thorough market comparison before buying?
Bhai, you are not alone. I've been feeling the same about my investment in Pune. Everyone hypes it up, but the ground reality is something else. 2% yield on a 1.4 Cr property is just sad. I was looking at something similar in Akurdi and decided against it last minute. Phew, dodged a bullet maybe.
Sanjeevani Sonchapha? Is that the one by Sanjeevani Developers? Unka track record pehle bhi thoda shaky raha hai na?
Totally agree! My cousin bought in Ambegaon Budruk two years ago, thinking rental income would cover EMI. Now he's barely breaking even. Pune market is tough right now.