K
Kajal Joshi
posted on 10 MayShiv N Sai amenities are rental white elephants
Okay I'll be honest — Shiv N Sai's luxury amenities are overrated for rental potential. I'm in Dubai; Genesis Buildcon's practicality seems better for tenants. Am I wrong?
#rental-potential#amenities#new-delhi#nri-investment#completed-projects
Comments
Ultimately, U1, it boils down to your target tenant and your own risk appetite. If Genesis Buildcon is offering genuinely practical homes at the lower end of their ₹55 L – ₹2.5 Cr range, and you can verify all legal aspects despite the RERA status, it *might* work. But Shiv N Sai's high maintenance and luxury tag will definitely eat into your rental profits. Have you checked Genesis Buildcon's actual units and what kind of tenants they attract?
For Genesis Buildcon, the COMPLETED status and 2024-03-01 possession date are positives. But the RERA Not Applicable is a huge concern that needs to be clarified properly. Don't rush into anything.
U4 is right, RERA is crucial for peace of mind. Without it, your investment is always on shaky ground. I nearly put my life savings into a project near Alaknanda that promised the world but had no RERA. Thank god I pulled out last minute. Genesis Buildcon ka price range bhi bahut wide hai, makes me wonder what exactly you're getting for 55L vs 2.5Cr.
U7, you hit the nail on the head. Current market conditions in Delhi are tough, both for buying and renting. Rental yields aren't what they used to be. You need to be very strategic. Practicality over luxury makes sense, but not at the cost of legal safety or exorbitant prices for average returns.
U6, I'm thinking the same. ₹55 L – ₹2.5 Cr for Genesis Buildcon is like comparing apples and oranges. What kind of rental yield can you expect if the entry point itself is so high for a basic apartment? Delhi's rental market is not that crazy, especially outside prime areas like Anand Niketan.
Exactly! If it's a completed project, why no RERA? And the price difference is massive. Is it for different configurations or different phases? This needs more clarity before even considering rental potential. My budget is tight, so every penny counts.
Totally agree with U1! Bhai, luxury amenities are great for self-use but for rental? Tenants just want good connectivity, basic facilities, and a reasonable rent. Shiv N Sai ka maintenance bhi dekho, woh bhi toh rent mein add hoga na?
U3, RERA not applicable ho sakta hai agar project bahut pehle start hua ho ya specific criteria mein na aaye. But it's a red flag for sure, especially for a first-timer. Genesis Buildcon is COMPLETED with possession date 2024-03-01, but still, no RERA is a big question mark. I've heard stories about such projects having legal issues later. My uncle almost bought in Anand Vihar without RERA and then got stuck.
Haan, but Genesis Buildcon? Their price range is ₹55 L – ₹2.5 Cr. That's a huge spectrum. Aur RERA Not Applicable? That makes me super nervous. Is it even safe to invest in a project that doesn't have a RERA number?
Okay I'll be honest — Shiv N Sai's luxury amenities are overrated for rental potential. I'm in Dubai; Genesis Buildcon's practicality seems better for tenants. Am I wrong? As a first-time buyer, I'm really confused if I should go for something flashy or something that actually brings in good rental income without breaking the bank.