N
Neha Trivedi
posted on 6 MaySatyam Apartment's rental yield isn't what brokers claim.
I'm based in Dubai and eyeing Satyam Apartment in New Delhi for investment, the completed one. Brokers are quoting decent rental figures for a 2BHK there, but honestly, I'm skeptical. Is the actual rental yield really hitting 3-4% net after expenses? I can't do a site inspection myself, so need ground truth from you all. Also, for a completed project, what's the capital appreciation trend been like? Resale market kitna liquid hai if I need to exit in 5-7 years? Managing from abroad is a big worry; reliable property managers for tenant issues and legal help for power of attorney are crucial. Kya kisi ne wahan invest kiya hai? What's your experience with actual returns and liquidity?
#delhi-investment#satyam-apartment#rental-yield#resale-value#nri-investor
Comments
Regarding capital appreciation for Satyam Apartment, since its possession was way back in 2013, the major appreciation surge has likely already happened. Older projects don't see the kind of rapid capital growth that newer, pre-launch ones might. You're buying into a mature asset, so don't expect miracles on the appreciation front in 5-7 years.
Managing property from abroad is a huge headache, believe me. I invested in a 3BHK in Alaknanda a few years ago, thinking I'd get good rental income while I was in the US. The actual yield was closer to 2-2.5% max, and dealing with tenant issues, repairs, and even just getting the rent on time was a nightmare. Property managers charge a bomb and sometimes don't even deliver. For Power of Attorney, you need someone super trustworthy, otherwise, it's a legal minefield. Don't rush into it just based on broker figures.
Sahi baat hai, POA ka issue is real. My uncle got into trouble because he gave POA to a distant relative and they tried to misuse it. You need someone extremely close and reliable.
This is my biggest worry. Are there any reliable property management services in Delhi specifically for older apartments like Satyam? Any recommendations for someone who can actually handle everything from tenant screening to maintenance?
Bhai, you're absolutely right to be skeptical. Brokers always inflate figures, especially for rental yields. 3-4% net after expenses for an older project like Satyam Apartment in Delhi? Sounds too good to be true. I've seen this pattern many times, they show you the gross, not the net after maintenance, property tax, and possible vacancies. You need to factor in everything.
Haan, exactly. And the fact that it's a completed project from 2013-11-01 means it's not a new build, so rental expectations should be tempered. Maintenance costs can also sneak up on you in older buildings.
Totally agree with you! Yeh brokers ka pura game hi hai. They paint a rosy picture and then reality hits. I had a similar experience in Gurgaon.