Supertech Czar Suites: Resale market is dead?
Did a site visit to Supertech Czar Suites on Saturday. Units look decent, but Supertech's past track record worries me for future resale. What's the actual rental yield people are getting here? Is the secondary market active enough for investors to exit easily?
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Supertech's name itself is a red flag for me. Even if Czar Suites is completed, the brand value takes a hit. Resale will be tough, no doubt. Ajayabpur area mein bhi unke projects hain, same story. Better to look at builders with a cleaner record, even if it means paying a little more. Peace of mind is priceless.
I heard from someone that rental yields are barely 2-3% here. With such a large number of units (1924), finding tenants who pay on time and for long durations is a challenge. And if you need to sell, you'll be competing with hundreds of other owners. The Noida market is already slow for resale, especially for older projects.
My broker told me Czar Suites has good potential because it's a completed project and possession was given on time (2018-12-30). He says the Supertech issues are mostly with their delayed projects, not the ones already delivered. Is this true, or is he just trying to make a sale?
I visited Czar Suites last month. Units look good, especially for the price range they're offering (₹30 L – ₹2.2 Cr). But my main concern is also the resale. Someone mentioned the RERA number UPRERAPRJ9414, but does RERA really help if the builder's reputation is already down? What's the real rental demand in that specific area?
Rental demand is decent near Pari Chowk and surrounding areas, but for Czar Suites with so many units, competition will be high. You might get tenants, but don't expect premium rents. Resale value will suffer because of the sheer volume of inventory.
RERA se thoda protection toh milta hai, but it cannot change a builder's past. Demand us area mein theek hai because of proximity to expressways. Rental yield 3-4% se zyada expect mat karo for a project this size. It's not like the super-prime areas of Alpha 1 Greater Noida.
Supertech ka naam sunte hi darr lagta hai. Czar Suites completion toh dikh raha hai, par builder ke pichhle projects mein kitni delays hui hain. Investors ke liye exit strategy soch ke hi lena padta hai. Resale market mein Supertech ke properties ko utni value milti hai kya?
Exactly! Hum first-time buyers hain, humara poora savings lagta hai. Aise mein builder ka track record bahut important hai. Rental yield ka toh pata nahi, par resale mein Supertech properties ko buyers milna mushkil ho sakta hai, especially with 1924 units.
Bhai, sahi keh rahe ho. Mera friend Alpha 2 mein Supertech ke project mein phansa hua tha. Final delivery mein 3 saal extra lag gaye. Czar Suites ka possession 2018-12-30 ka hai, toh ab toh completed hai, par pichli reputation mind mein rehti hai.