Will i get good reterun after 5 yrs in Niti Khand ?

Q: Dear Sir, I have finalized a reday to move 1-BHK builder floor (25 Lak) in Niti Khand - 1, Indirapuram for rent purpose.

I am taking home loan of 20 lak for 20 yrs. my plan is to sell this flat after 5 yrs. as i will give this floor on rent (rent trend is 8-9 k). EMI would be approx 20 k.
As i calculate in 5 yrs i have to pay 12 lak rs.

My question is: will this property would give me good return after 5 yrs. Please give your advice. Thankyou. Warm Regards, Nitesh

Nitesh,

18th February 2014

Buying property in Niti Khand I, Ghaziabad

indirapuram

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Replies (4)

Thankyou so much to all for giving quick response & to make my mind positive.

Nitesh,

19th February 2014

Comment

Hi...i was speaking to a broker and he told that ground and 1st floors are good and they go on rent also quickly..the upper floors take time
He was confident that the property will appreciate double in 3 years time...so as per your plan..after 5 years you are sure to get anywhere near 70-80% appreciation of property

Deeya, Ghaziabad

19th February 2014

Comment

Hello nitesh, niti khand is just 1-2 kms away from Vaishali metro station... and frequent feeder buses also run to nad from the metro station and so is the best place to invest.....

Anas, Ghaziabad

19th February 2014

Comment

Hi nitesh niti khand -I is a good locality and has seen almost 80% appreciation in 2 years...so in 5 years and take the worse to worse situtaion also you can expect more than 50% appreciation for your property.

Mohit, Ghaziabad

19th February 2014

Comment

yea Mohit is right.. the property sells off and even goes off on rent quite quickly here.. and even for end use the area has many reputed schools as well as hospitals and the locality is quite nice with shipra riveria, winsor park and supertech projects nearby

Jia, Ghaziabad

19th February 2014