Quote:
Originally Posted by sps1972
Dear Venky
The concept of studio apartments is well understood - its purely for investment and these fully furnished apartments will provide an alternative for hotel rooms as they will be less costlier than hotel rooms. I believe there are'nt many hotels in Greater Noida. Besides, amount of investment is small ranging between 13-18 lacs compared to flats. These are expected to be taken on lease by various companies for their employees, visiting executives, other executive working in nearby areas, as all facilities for daily use will be available there, due to which the rental values are expected to be remain higher than normal flats.
Besides, Vardhaman Studio apartments are in Knowledge Park III - having lots of private univerties, colleges, expomart etc. I have visited the place and it is certainly not a 'jungle'. Only wanted to know about reputation of this builder.
Regards
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I have also visited the place. Vardhman is quite far, only dirt road currently existing.
All those colleges have a very poor (as in not rich) kind of students. Teachers are not well paid. Enough cheap flats available for rent already in GN. Business profile for visitors non-existent in GN
As I said before, one makes such investment in the hope of rental income (10 times normal rent) and not for capital appreciation. Normally these are built, operated and sold as rental yield properties (same as commercial). Normally retail participation is unheard of in such ventures - usually for professional investors. Because of downturn in commercial RE, they are advertising this concept for retail, dangling a carrot of low investment size. Normally they are sold to 3-4 big investors who have a joint partnership as with commercial.
I seriously researched Ceyane Towers in 93B (much better location) - but gave up the idea - not professionally done, builder was trying to fool people with a paper concept which they ahad no intention of implementing.
Go for a serviced apartment in Knowledge city Bangalore, or Mahabalipuram road Chennai - much better options.