D
Dev Chopra
Shailender Kumar Golden Nest 3: ROI issues for NRIs?
Shailender Kumar Golden Nest 3 mein kya real mein expected ROI mil raha hai? I invested in a unit there, thinking ₹40.50L for a completed project was a decent deal for long-term appreciation. But I'm based in Dubai, can't do site inspections myself. Rental yield toh bilkul expectations se kam lag raha hai. Kya actual mein tenant milna itna mushkil hai wahan? And what about resale? If I need to sell in 3-4 years, will it be liquid? I'm hearing a lot of investor units are still vacant. Is that affecting rentals and future resale value too? Anyone else managing property from abroad and facing similar issues?
#noida-extension#rental-yield#resale-value#nri-investor
Comments
NRI investors often get stuck because they can't manage things locally. I suggest hiring a reliable property management company, even if it costs a bit. They can help with finding tenants and maintenance. Otherwise, your property just sits vacant and depreciates. It's a tough lesson learned for many, including me with another property.
I heard the developer, Shailender Kumar, also has some issues with other projects. Is that true? Sometimes builder ka track record bhi affect karta hai resale aur rentals ko. People get hesitant if there's a history of problems. This project was completed in 2017 so it's not new.
Haan, kuch log bolte hain. But Golden Nest 3 toh RERA registered hai, UPRERAPRJ13045. That gives some confidence. But RERA registration doesn't guarantee rental income or resale value. It just ensures completion on time, which it did.
Is it just Golden Nest 3, or is the whole Noida market slow for rentals right now? I'm considering buying in Alistonia Estate, but now I'm nervous about rental yield. My budget is also around 40-45L.
No, it's not just Golden Nest 3. The general market sentiment is cautious. Many projects completed around 2017-2018 are facing rental issues due to massive supply. For 40-45L, you need to be very careful and do thorough research, especially if you're looking for good rental income.
Noida market is generally a bit slow, but some areas are still doing well, especially closer to commercial hubs. Golden Nest 3 specific problem is oversupply of investor units and its particular location. Alistonia Estate has different dynamics, check its vacancy rates.
ROI for Golden Nest 3 is definitely an issue. Jab project complete hua 2017 mein, tab expectations high the but market conditions have changed a lot. Plus, it's not in a very prime location compared to say, Alpha I Greater Noida. That affects both rentals and resale. Builder ne sirf numbers dikhaye the.
Location matters so much. Near Alpha-II Commercial Belt you see more activity. But Golden Nest 3 is a bit isolated, which is why rentals are tough. NRIs often get swayed by 'completed project' tag without checking ground reality.
Totally agree. My agent told me ki Ajayabpur side mein bhi better options mil rahe the around that time. Golden Nest 3 ka price point 41L for a completed project seemed okay on paper, but the actual demand is just not there. It's a dead investment for now.
Exactly! I was looking at that project too, but then I saw how many units were still empty even after possession. The RERA number UPRERAPRJ13045 is for 120 units, and it feels like half of them are investor units lying vacant. Who wants to live in a building that's half empty?
Shailender Kumar Golden Nest 3 mein kya real mein expected ROI mil raha hai? I invested in a unit there, thinking ₹40.50L for a completed project was a decent deal for long-term appreciation. But I'm based in Dubai, can't do site inspections myself. Rental yield toh bilkul expectations se kam lag raha hai. Kya actual mein tenant milna itna mushkil hai wahan? And what about resale? If I need to sell in 3-4 years, will it be liquid? I'm hearing a lot of investor units are still vacant. Is that affecting rentals and future resale value too? Anyone else managing property from abroad and facing similar issues?
Same pinch! I'm in Canada, also an NRI. Golden Nest 3 was shown as a prime investment but rental returns are a joke. I'm thinking of selling too, but resale value kaafi down lag rahi hai. Liquidity toh zero hai abhi.
Bhai, aapki baat bilkul sahi hai. My cousin also bought a unit there at a similar price point, around 41L, thinking it was a good bet since possession was in 2017. He's also struggling with rentals, tenant milte hi nahi hain. Vacancy bahut high hai wahan.