S
Shubham Wadhwa
posted on 5 MayWhat nobody tells you about Ansal Aastha Mig Zone's actual occupancy.
Ghost societies are a huge concern for NRI investors, especially for completed projects like Ansal Aastha Mig Zone. I'm based in Dubai and looking into this property in Rajkot. Since it's already built, what's the actual investor-to-end-user ratio yahan? Worried about difficulty finding tenants or reselling later. Kya there's a strong secondary market and good rental demand? Can't do a site inspection myself, so need the ground reality. For ₹29-30L, is it liquid enough?
#rajkot-real-estate#ansal-aastha-mig-zone#nri-investment#investor-ratio#resale-market
Comments
It sounds like the consensus is leaning towards caution for Ansal Aastha. The low occupancy and potential for poor rental yield are definitely big deterrents for an NRI investor. The price point of ₹29-30L, combined with the RERA possession date of 2022-06-01, doesn't automatically mean a vibrant community. The ghost society concern is real. What did you end up deciding, original poster? Did you find any other projects that seemed more promising?
Honestly, for ₹29-30L, there are other options in Rajkot that might offer better occupancy and amenities. The problem with these 'completed' projects is that sometimes the developer moves on, and maintenance becomes an issue if not enough people move in. Have you checked out any properties near the Ring Road? They are developing rapidly.
Builders often promise the moon. Better to stick with known names, even if it means a slightly higher budget or smaller space.
Maintenance is a huge point! No one thinks about it. Which specific areas near Ring Road are good for this budget?
So, the possession was given in June 2022, right? UPRERAPRJ5670 is the RERA number. But if it's already two years post-possession, and occupancy is still low, isn't that a huge red flag? What's the average rental yield people are seeing in similar budget segments in Rajkot right now? Any idea about the per square foot rate there?
Definitely a red flag! Liquidity is a big concern if no one wants to live there. Resale will be impossible.
Yes, possession was mid-2022. And you're right, low occupancy after two years is a major red flag, especially for a project in the ₹29-30L range. In Rajkot, for a flat of this size and budget, a good rental yield would be around 2.5-3.5% annually, but that's in established areas like near Krishna Kunj. For Ansal Aastha, with its current occupancy, you'd be lucky to get 1.5-2% if you even find a tenant. Per square foot rates vary wildly, but for a project like this, it's probably struggling to hold value.
Yaar, Ansal ka track record toh sabko pata hai. My uncle almost booked with them in another project a few years back, and it was a nightmare. For Ansal Aastha specifically, I visited the site last year. It felt quite isolated, especially compared to areas like Krishna Kunj. Occupancy seemed low, and I remember seeing quite a few 'For Rent' signs. ₹29-30L is a big amount for something that might not appreciate well or give good rental yield.
The isolation is a valid point, but I've heard the location has potential for future development. Maybe that's why many investors are holding onto units. Plus, it's close to the highway, which can be a plus for some.
Isolated sounds bad. Are there shops or schools nearby? Basic facilities toh honi chahiye na?
Ghost societies are a huge concern for NRI investors, especially for completed projects like Ansal Aastha Mig Zone. I'm based in Dubai and looking into this property in Rajkot. Since it's already built, what's the actual investor-to-end-user ratio yahan? Worried about difficulty finding tenants or reselling later. Kya there's a strong secondary market and good rental demand? Can't do a site inspection myself, so need the ground reality. For ₹29-30L, is it liquid enough?
Absolutely agree with the concern about Ansal. Their track record in other cities hasn't been great, construction delays are common. Although this one is completed (possession date was 2022-06-01 as per RERA UPRERAPRJ5670), the occupancy is key. If it's mostly investors, then reselling at ₹29-30L will be tough.
Bhai, you've hit the nail on the head. This 'ghost society' thing is real. My cousin bought a flat in a similar project in Ahmedabad and it's been empty for years. Finding tenants is a nightmare if the area isn't developed with basic amenities or if the community is non-existent.