Q: Hey, what’s the Royal Amar Green project like? Good enough for a real estate investment? I want to buy an apartment and rent it out, for like a second source of income. Advise please!
Yes, definitely a good project to invest in. There is a bunch of malls like the Mega Mall, C21 Mall, the Malhar close by, along with nice restaurants and other shopping centres. All in all, a prime residential locality! It is also well connected to the IT centres of the city via the AB Road, so you will even find takers from the younger IT crowd. The 2bhks will cost you around Rs 29 lacs and the 3bhks will cost you around Rs 44 lacs. If you rent your apartment out, for a 2bhk you can easily get Rs 12000 per month, and for a 3bhk, you can get around Rs 20000 per month.
Hey I agree with these guys, I think you can have a pretty good source of income by buying an apartment here at the Royal Amar Green project and renting it out. A lot of people are already doing that, that’s why they have already booked their apartments. The apartments are available in area sizes of 1200 and 1400 square feet, at a per square foot price of Rs 2450. I suggest you to do the same. The possession date has been announced as October 2014, so you don’t really have a lot of time on hand.
Its a gated community, as in an integrated township, so I think it will find a lot of takers amongst the young family crowd, because they tend to go for residential complexes like these. There is a bunch of added facilities under this project like play area for children, swimming pool, gym and excellent security services, with 24 hour power back up and in house maintenance staff. I think its pretty good for investment.
Good call! For buying an apartment and renting it out, I think the Royal Amar Green project is the perfect bet. Since it is located in the middle of such a happening area, you will find it to be in demand when you decide to let out your apartment. Apartments on Niranjanpur are in a lot of demand and you’ll find plenty of prospective tenants. Being located on the AB road will also add to its list of growing positives, as this is one of the main roads of Indore, and improves connectivity.