G
Gaurav Oberoi
posted on 14 MayWhat nobody tells NRIs about property management in Rajkot
Is managing a property in Rajkot from abroad even possible without constant stress? I'm based in Dubai, bought a 3BHK from Balaji Group on Kalawad Road a few years back. They promised solid rental yields and easy management. Honestly, finding a reliable property manager is a nightmare. Actual yields are nowhere near what was advertised, and I can't just fly over for every issue. Are other NRIs facing this? What's the real ground truth for managing property via power of attorney?
#nri-investment#property-management#balaji-group#rental-yields#kalawad-road
Comments
My brother-in-law faced a similar issue with his property near Kalawad Road too, though not Balaji Group. He ended up paying for a property management service that just gave lip service. The biggest mistake was not vetting the property manager thoroughly. Always insist on seeing their other managed properties and get references from existing clients. Don't just go by what the builder recommends, they're often in cahoots
This is not just a Rajkot problem, it's pretty common across India for NRI investments. Builders always paint a rosy picture, especially with rental income. The ground reality is different. Current market conditions in Rajkot, especially for 3BHKs, are leaning towards buyers, not necessarily high rental demand. Finding a good, trustworthy property manager who isn't overcharging or cutting corners is the real challenge. Power of attorney is only as good as the person holding it, you need someone reliable.
Bhai, this is exactly what I'm scared of! My relatives also suggested Rajkot for investment, but this 'passive income' thing seems like a myth. Balaji Group ka naam suna hai, but I thought they were good. Are all builders this misleading about rental yields?
Sahi kaha, it's not just Balaji. Many big names do this. My cousin had issues with a property near Krishna Kunj too, the builder kept delaying possession and then the promised amenities were half-baked. Rental yield toh door ki baat hai.
Totally agree with the first comment. My uncle bought in Krishna Kunj a few years back, and even there, the promised rent was never met. He had to spend extra on minor repairs before finding a tenant. Power of attorney se manage karna is a huge headache.
Haan yaar, rental yields are always exaggerated. Builders just want to close the deal. It's a big worry for us common people.