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Avantika Verma
What nobody tells you about ultra-luxury resale in Gurgaon
The luxury segment in Gurgaon feels like a gamble sometimes, especially for resale. I'm currently in a 2BHK in Sector 65, thinking of upgrading to M3M St Andrews Golf Residences. Price point kaafi high hai, around ₹15-16 Cr for a 4BHK. Is this justified for an already completed project? What's the real capital appreciation potential looking like for these ultra-luxury units? Also, kya actual rental yields mil rahe hain yahan? Brochure numbers pe toh bharosa nahi hota. Aur sabse important, iska resale market kitna liquid hai? Will I find a buyer easily if I need to exit in 5-7 years? Looking for honest experiences. Is the premium justified for long-term wealth creation, ya phir there are better options for investment in this range?
#m3m-st-andrews#luxury-property#gurgaon-investment#resale-value#rental-yield
Comments
Honestly, M3M has had its share of controversies, especially regarding quality and amenities in some projects. For such a massive investment, I'd be very cautious. Instead of just focusing on Golf Course Extension, consider areas like Airport Road (Gurgaon side) or even some developing pockets near Badshahpur. You might find better value and potentially better appreciation for long-term wealth creation without the ultra-luxury premium. That ₹15-16 Cr can get you something substantial there.
Yes, U6 has a point. The current market conditions in Gurugram are seeing a lot of new luxury launches, which might saturate the market for resale units like St Andrews. While Airport Road has potential, it's crucial to look for projects with good connectivity and established infrastructure. Don't just chase the 'luxury' tag; focus on actual livability and future growth prospects. The ₹15-16 Cr range opens up many options beyond just ultra-luxury apartments.
Airport Road side, you mean like near Dwarka Expressway or further towards the city? Any specific projects or builders you'd recommend looking into for that price range? My budget is slightly lower than OP's but still significant.
Sahi keh rahe ho. M3M St Andrews ke total units sirf 60 hain. That's a very small community. While it sounds exclusive, it also means the resale market could be even more limited. Fewer potential buyers for such a specific, high-value product. Liquidity becomes a real concern then.
I've been eyeing St Andrews too, but that price tag for a completed project is making me nervous. The OP's question about whether it's justified is spot on. Does the 'completed' status give it a premium, or does it mean less appreciation potential since the pre-launch discount phase is over? And seriously, what are the *actual* rental yields? Brochure numbers are always inflated.
The luxury segment in Gurgaon is a different beast altogether. My cousin bought a similar high-end property near Golf Course Extension Road a few years back, and while the paper appreciation looks good, finding a genuine buyer at that price point is tough. Liquidity is the real challenge. You might have to wait a long time or drop your price significantly if you need to exit quickly in 5-7 years. ₹15-16 Cr is a lot to lock up.
Totally understand your dilemma, OP. St Andrews looks great on paper, but the price point is a major concern. Anyone here actually bought in M3M St Andrews? What's your real experience like with the builder and the property maintenance post-possession? Aur rental yield ka kya scene hai, as OP asked?
Actually, St Andrews was delivered on time, possession was July 2018. It's a niche project with only 60 units. That exclusivity often comes with a premium. But yes, rental yields are not for quick returns; it's more about capital appreciation over time.
M3M ka track record generally mixed hai, especially with handover timelines for some of their other projects. St Andrews got possession in 2018, so it's relatively old now. Rental yields for luxury properties in Gurgaon are rarely what brochures promise. Expect maybe 2-3% max, if you're lucky. Maintenance costs are also sky-high for these projects.
Bhai, ₹15-16 Cr for a 4BHK in Gurgaon? That's insane! My budget is like, half of that. Is the ultra-luxury segment really moving at these prices? Seems like a huge risk for a first-time upgradation.