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Priya Nambiar
Soulace completed: Real investor returns?
The completed luxury segment in Bengaluru feels like it's holding onto peak prices too long. I'm looking at Soulace, the 3/4 BHKs, for investment. I work in real estate, but buying for myself is different, you know? What's the real rental yield folks are seeing there? Builders always promise big numbers, but what's the ground reality for a 3.7 Cr+ flat? Also, how liquid is the resale market for these high-end units? I'm worried about investor-heavy projects becoming ghost societies later. What's the exit strategy look like in 5-7 years?
#soulace#investment#rental-yield#resale-value#bengaluru
Comments
I think the original poster's point about 'investor-heavy projects' becoming 'ghost societies' is very valid for Soulace. With 266 units in that price bracket, if many are for investment, it could lead to a slow resale market later. The current market conditions in Bengaluru are also a bit wobbly for such high-ticket investments. What if the interest rates go up further? Yeh sab sochna padega.
Honestly, for 3.7 Cr+, the rental yield in Bengaluru is usually pathetic, especially in luxury segments. You'll be lucky to get 2-2.5% gross. After maintenance, property tax, it's barely anything. My cousin invested in a high-end flat in Adigara Kallahalli, regrets it. Capital appreciation is the only hope, but that's a gamble now.
Yes, U8, I heard maintenance can be ₹8-10 per sqft for luxury. That's easily ₹15-20k for a 2000 sqft flat. Plus, U9 is right, with so many units (266 total), finding tenants willing to pay that high rent AND cover such maintenance will be tough. Vacancies toh pakka hongi.
Aur vacancies ka kya? High rent, limited takers. That's my biggest fear.
Totally agree with U7. Maintenance charges alone for these luxury flats are insane. How much is Soulace charging per sqft?
Yaar, I also saw Soulace. The possession date is 2025-07-01, right? Isn't that a bit far for a 'completed' project? RERA number PRM/KA/RERA/1251/308/PR/150223/005723. What's the real status then?
Exactly! This 'completed' tag is tricky. I'm looking at a similar project near Akshayanagar, they also say 'completed' but are giving possession in 2024 end. For Soulace, with 266 units, if they're all waiting, the resale market could be flooded initially. That's a huge risk for liquidity and exit strategy, like U1 said.
It means construction is done, but finishing and approvals pending. My friend booked in Aavalahalli, same story. Got possession 1 year late. Builders ka usual tactic hai, don't trust the 'completed' tag blindly.
Haan bhai, that's what confused me too! Completed but possession 2025. Builders ki marketing trick hai kya?
Soulace? That's too much for an investment, especially for a first-time buyer like me. Rentals for 3.7 Cr? Doubtful.
The completed luxury segment in Bengaluru feels like it's holding onto peak prices too long. I'm looking at Soulace, the 3/4 BHKs, for investment. I work in real estate, but buying for myself is different, you know? What's the real rental yield folks are seeing there? Builders always promise big numbers, but what's the ground reality for a 3.7 Cr+ flat? Also, how liquid is the resale market for these high-end units? I'm worried about investor-heavy projects becoming ghost societies later. What's the exit strategy look like in 5-7 years?