R
Rajeev Pandey
posted on 13 MayUppal Marble Arch: Any actual investor insights?
I work in real estate but buying for myself is different. For Uppal Marble Arch (₹4.53 Cr–₹5.86 Cr), what's the *real* capital appreciation trend post-completion? Also, what rental yield are actual owners getting? Is the secondary market active enough for a decent exit strategy in 5-7 years?
#chandigarh-property#uppal-marble-arch#investment#rental-yield#resale-market
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Dekho, Uppal Marble Arch ki location no doubt prime hai, connectivity acchi hai. But for a first-time buyer looking at appreciation and exit strategy in 5-7 years, it's a tough call. The price point is already premium. Unless Chandigarh's market sees an unexpected boom, significant capital appreciation from this base might be slow. Rental yields are also not that attractive for such high investments. If the goal is appreciation, maybe look into upcoming sectors in Mullanpur Garibdass or even specific pockets of New Chandigarh where infrastructure is still developing, and you can get in at a lower entry point. But for immediate living and a well-established society, Marble Arch is decent, just don't expect miracles on the investment front.
Good points everyone. But does anyone have actual data on the current per sqft rates in Uppal Marble Arch? And how does it compare to other premium projects nearby, maybe in Rasulpur or Saini Majra? The original post also asked about the secondary market's activity for a 5-7 year exit. Is it liquid enough, ya phir stuck jayega paisa?
Rental yield is a tricky one for properties in this segment. For a 4.5 Cr flat, even if you get ₹1 lakh rent (which is quite optimistic for Chandigarh's market right now, unless it's a very niche tenant), your yield is barely 2.6%. That's lower than what you'd get from FDs! Plus, finding tenants for such high-value properties can be a pain. I know people who bought in Manimajra for rental income and they're barely breaking even after maintenance and property taxes. So, if rental yield is a key factor, I'd suggest doing some serious ground research on current rental rates in that specific micro-market.
The post mentioned 'RERA Not Applicable'. Does that mean there are no consumer protections for this project? That makes me really nervous. Has anyone actually visited the site recently or talked to existing owners?
I visited a few months back. Structure is fine, but the price is definitely a deterrent. Bahut high laga mujhe bhi for a project of that age.
U4, RERA not applicable just means it was completed before RERA came into effect, so it doesn't fall under its purview. It's not necessarily a red flag for consumer protection in that sense, but it does mean you can't use RERA's specific grievance mechanisms. However, for older projects like this, my main concern would be the building's maintenance and society management. Sometimes older buildings have accumulated issues that can be costly.
Yaar, ₹4.5 Cr to ₹5.9 Cr for Uppal Marble Arch? As a first-time buyer, yeh budget toh bahut high lag raha hai. Capital appreciation uske baad bhi kitni hogi after 2016 possession? Already itna time ho gaya hai, so I'm a bit skeptical about big jumps. Kya lagta hai sabko?
Sahi kaha U1, my thoughts exactly. I was looking at properties in New Chandigarh a couple of years back and even then, Marble Arch seemed overpriced for its age. Builders generally price in future appreciation in their initial rates. Since possession was in 2016, a lot of that initial surge might have already happened. For a first-time buyer, it's a huge commitment with potentially limited upside if you're looking for quick capital gains in 5-7 years. Better to look at newer, developing areas, I feel.
Totally agree, U1. This project is already quite old for a 'first home' investment perspective. Bhai, itni high entry price pe appreciation expectations thode unrealistic lagte hain.