A
Abhinav Mehta
Stuck on Mahagun Moderne's investment potential
What's the real ground reality for capital appreciation in Mahagun Moderne, Noida? I'm eyeing a 2BHK there, around ₹1.4 Cr. For investors, what kind of rental yield can one actually expect? Brochure numbers always look great, but I need honest opinions. Is the resale market liquid enough if I plan to exit in 5-7 years? Honestly not sure if Noida's long-term growth is still strong. My parents keep saying it's slowed down.
#mahagun-moderne#noida-investment#capital-appreciation#rental-yield#resale-value
Comments
Honestly, the 2016 possession date is a red flag for me. It means you're buying into an already depreciated asset in terms of newness. Plus, the maintenance charges in older, large societies can sometimes be a headache. Have you considered the resale market for projects in areas like Ajayabpur or even closer to Alpha II? They might offer better appreciation potential if you're looking long-term, though maybe not the same immediate amenities.
Regarding rental yields, for a 2BHK around 1.4 Cr, you can expect anywhere from 18k to 22k, depending on the furnishing and floor. After maintenance, that's not a huge return, barely covering EMI interest for some. Resale is slow. My uncle has a 2BHK there, listed it for 6 months, got lowball offers. He eventually rented it out. Don't go by brochure numbers, they are always inflated. Consider the current market conditions in Noida, especially with so many new projects coming up in zones like Alistonia Estate.
Yeah, rental yield is the real deal-breaker for many. Noida's rental market is competitive. My friend tried to rent out his flat in sector 78, took him months to find a tenant even at a lower-than-expected rent. It's not like Mumbai or Bangalore where rentals are high.
18-22k? That's really low. I was hoping for at least 25k. This makes the investment look much less attractive. What about the property taxes and other hidden charges that eat into the yield?
I live in a nearby society, and I've seen Mahagun Moderne. It's a decent place, but the initial post's concern about Noida's growth isn't wrong. The boom days are over. You need to be very selective now. For capital appreciation, maybe look at upcoming areas or projects closer to the expressway, not established ones where prices have already peaked. Check the RERA UPRERAPRJ1957, it's a legit project, but the market dynamics have changed. My advice: don't put all your eggs in one basket.
Don't listen to all the negativity. Mahagun Moderne is a well-established society. Connectivity to Delhi is excellent, and the amenities are good. I bought a 3BHK there in 2017, and while the appreciation hasn't been phenomenal, it's steady. For a 2BHK, 1.4 Cr is decent if it's a good unit. What's the exact size you're looking at? And which tower?
Location is definitely a plus point. But the total units are 2650, right? That's a huge society. Does that affect the resale value or rental demand? Too much supply can be a problem.
Steady appreciation is better than no appreciation, I guess. My main concern is the rental yield. What kind of rent are similar 2BHKs getting there currently? I heard ₹20-25k, but is that realistic after maintenance?
1.4 Cr for a 2BHK in Mahagun Moderne? Bhai, that's on the higher side, especially for a project that got possession in 2016. Capital appreciation in Noida has been kinda slow lately. Rental yield will be like 2-3% max, don't expect much more. Resale liquidity is okay, but not super fast unless you drop the price. My friend sold his 3BHK there last year, took him almost 8 months. Have you checked other options near Alpha I Greater Noida?
Haan, Alpha 1 mein options better mil sakte hain, especially for newer projects. Moderne ka USP uska location tha earlier, but now there are so many new developments around, competition is high.
Eight months is a long time! That's my biggest fear, getting stuck with a property that won't sell. Are there specific reasons why it took so long for your friend to sell? Was it the floor or the tower?
Totally agree. 1.4 Cr is a lot for an older project. I was looking at something similar and the numbers just didn't add up for investment. The market is saturated in many parts of Noida.
Stuck on Mahagun Moderne's investment potential. What's the real ground reality for capital appreciation in Mahagun Moderne, Noida? I'm eyeing a 2BHK there, around ₹1.4 Cr. For investors, what kind of rental yield can one actually expect? Brochure numbers always look great, but I need honest opinions. Is the resale market liquid enough if I plan to exit in 5-7 years? Honestly not sure if Noida's long-term growth is still strong. My parents keep saying it's slowed down.