Z
Zenith Irani
posted on 17 MayWhat's the real ROI for Mansarovar Apartments?
Honestly, assessing Mansarovar Apartments from Dubai is tough. It's a completed project in Noida Extension. What are realistic rental yields and capital appreciation prospects? Since I can't inspect, how liquid is its resale market? Advice on remote property management and POA legalities is crucial.
#noida-extension#mansarovar-apartments#rental-yield#capital-appreciation#resale-liquidity
Comments
Guys, thoda positive bhi dekho. Mansarovar is in a prime spot within Noida Extension. While appreciation might have slowed, it's still a habitable, completed project. Rental yields around 2-3% are realistic, not great, but decent for a completed asset. The key is proper due diligence on the unit itself and the society management. Don't compare it with new launches in Alpha I Greater Noida for appreciation, that's a different ball game altogether.
But U5, at least it's completed and ready to move. Many projects near Alpha-II Commercial Belt are still under construction, and you never know when they'll get delayed. For someone who wants immediate possession and doesn't want the risk of construction delays, Mansarovar is an option, just manage expectations on returns. It's more of a 'safe' but low-return bet.
Agree with U10. My friend bought in Mansarovar 3 years back, still struggling to find a good tenant who pays on time. The maintenance charges are also high compared to some newer societies. ROI becomes negative if you factor in all costs – property tax, maintenance, repairs, and vacancy periods.
U5, 2-3% rental yield is barely covering EMI interest for most first-time buyers. That's not 'decent' for an investment property. Unless you bought it dirt cheap years ago, it's not a great investment now for a new buyer looking for ROI.
Honestly, remote property management is a headache. My cousin bought in Alistonia Estate from Bangalore and faced so many issues with tenants and maintenance. Mansarovar is completed, yes, but managing it from Dubai will be a nightmare unless you have a super reliable contact. Har choti baat pe travel karna padega ya kisi pe depend hona padega. It's not just about finding a tenant, it's about keeping them happy and the property maintained.
Mansarovar Apartments ka builder ka track record kaisa hai? Aur Noida Extension mein 2BHK ka kya rate chal raha hai abhi? Specifically for a project like this, completed one.
Haan U8 is right. Builder was okay. But current market mein, even in areas like Ajayabpur, you can find better value for money. Noida Extension as a whole is struggling a bit with demand, especially for older completed projects.
U3, Mansarovar ka builder theek thaak hai, not great, not bad. No major RERA issues that I know of, but possession mein delay toh common tha. Rates for 2BHK in Mansarovar are around 40-45L for a decent unit, depending on floor and view.
Exactly U1! I was looking at Mansarovar too last year. My agent showed me some units, but the pricing felt a bit inflated for the area. Plus, the capital appreciation in Noida Extension has slowed down a lot since COVID. Jo buzz tha pehle, ab nahi hai.
Bhai, Dubai se invest karna in Noida Extension is risky for a first-timer. Mansarovar Apartments are completed, yes, but liquidity ka issue aa sakta hai, especially if you need to sell quickly. Rental yields bhi utne high nahi milte jitne log ads mein dikhate hain. POA legalities pe bahut research karna padega.
POA ke liye toh only family member ya trusted person. Otherwise, bohot fraud ke cases sune hain. Ek proper lawyer se draft karwao, full proof hona chahiye, warna baad mein fas jaoge.
Sahi kaha U1. Liquidity is the main problem. I tried selling a flat in a similar completed project near Alpha II last year, took me 8 months! Market ka haal kuch theek nahi hai for resale abhi.