Investing 1 Cr for Max Rental Income. Pls Suggest Options
Dear Friends,
I want to invest 1 Cr to reap regular rental income for the rest of my life.
Pls help with your valuable inputs, as I consider IREF to be the best platform to seek help & opinions.
Below is the scenario-
Investment Objective
Primary Objective Maximum Return on Investment (ROI) i.e. Maximum Rental Income vs Investment Amount. Would love to have 6 to 8% ROI, if possible.
Secondary Objective As usual,, Capital Appreciation of Property.
Property Type
Only Commercial Property,, preferably Retail Shop on Ground or First Floor in an Open Air / Non AC Market with Low Maintenance Costs.
Will not like to invest in Residential Projects, as the Rental income is very less / negligible, and it will not meet my primary objective.
Budget
Ideal Preference 75 Lacs, but can stretch till 1 Cr or so.
Currently have funds / sources to pay 75 Lacs upfront.
Can manage another 25 Lacs or so, by taking personal loan from family, friends, banks, etc.
(A/B component is not an issue as I understand commercial property market requirements very well).
Location
Only Gurgaon, as I am a fan of Gurgaon and see huge potential here, especially when compared to our next door rich neighbour Delhi!!
Within Gurgaon Only on the left side of NH8 - DLF Phase 1/2/3 to upto Manesar). No offence, but not keen to go towards other side of Highway e.g. DEW).
Within above 1st Preference - GCX, SPR, Sohna Road.
Or well developed areas like DLF, GC Road, Sushant Lok, South City, surrounding areas (if budget & ROI allows).
Possession
1st Preference Immediate Possession Either RTM or within less than 6 months.
2nd Preference Max 3 years. Will not like to invest anywhere, where possession can get delayed beyond 3 years from now, as I want earliest source of Rental Income.
Buying Period / Investment Time
Want to buy in 30 days to max 60 days (hence have starting looking around for suitable options)
Ideal Property
500 sq ft ground floor 18000 which can generate Rental Income as soon as possible.
Some of my Shortlisted Properties till date, which I have currently put on hold due to below reasons, hence requesting everyones feedback with additional options & viewpoints
Emerald Plaza (+ve Good rent potential once ready, Delv 3 years, ve currently overpriced at Rs 20K ++ for good location, hence ROI would not be so attractive)
Nirvana Courtyard 2 (+ve Good rent potential once ready, -ve Delv beyond 3+ years, and currently overpriced at Rs 20K for good location)
M3M Urbana, M3M Cosmopoliton, MGF Colonade, Brahma Miracle Mile, Baani City Centre, Capital, Spaze Arrow, etc etc (+ve Good rent potential once ready, ve Possession beyond 3 years. Infact, might take 5 years also.)
Dear Senior Experienced Members pls help and share suitable options & viewpoints!! Thanks!!
Dear Friends,
I want to invest 1 Cr to reap regular rental income for the rest of my life.
Pls help with your valuable inputs, as I consider IREF to be the best platform to seek help & opinions.
Below is the scenario-
Investment Objective
Primary Objective Maximum Return on Investment (ROI) i.e. Maximum Rental Income vs Investment Amount. Would love to have 6 to 8% ROI, if possible.
Secondary Objective As usual,, Capital Appreciation of Property.
Property Type
Only Commercial Property,, preferably Retail Shop on Ground or First Floor in an Open Air / Non AC Market with Low Maintenance Costs.
Will not like to invest in Residential Projects, as the Rental income is very less / negligible, and it will not meet my primary objective.
Budget
Ideal Preference 75 Lacs, but can stretch till 1 Cr or so.
Currently have funds / sources to pay 75 Lacs upfront.
Can manage another 25 Lacs or so, by taking personal loan from family, friends, banks, etc.
(A/B component is not an issue as I understand commercial property market requirements very well).
Location
Only Gurgaon, as I am a fan of Gurgaon and see huge potential here, especially when compared to our next door rich neighbour Delhi!!
Within Gurgaon Only on the left side of NH8 - DLF Phase 1/2/3 to upto Manesar). No offence, but not keen to go towards other side of Highway e.g. DEW).
Within above 1st Preference - GCX, SPR, Sohna Road.
Or well developed areas like DLF, GC Road, Sushant Lok, South City, surrounding areas (if budget & ROI allows).
Possession
1st Preference Immediate Possession Either RTM or within less than 6 months.
2nd Preference Max 3 years. Will not like to invest anywhere, where possession can get delayed beyond 3 years from now, as I want earliest source of Rental Income.
Buying Period / Investment Time
Want to buy in 30 days to max 60 days (hence have starting looking around for suitable options)
Ideal Property
500 sq ft ground floor 18000 which can generate Rental Income as soon as possible.
Some of my Shortlisted Properties till date, which I have currently put on hold due to below reasons, hence requesting everyones feedback with additional options & viewpoints
Emerald Plaza (+ve Good rent potential once ready, Delv 3 years, ve currently overpriced at Rs 20K ++ for good location, hence ROI would not be so attractive)
Nirvana Courtyard 2 (+ve Good rent potential once ready, -ve Delv beyond 3+ years, and currently overpriced at Rs 20K for good location)
M3M Urbana, M3M Cosmopoliton, MGF Colonade, Brahma Miracle Mile, Baani City Centre, Capital, Spaze Arrow, etc etc (+ve Good rent potential once ready, ve Possession beyond 3 years. Infact, might take 5 years also.)
Dear Senior Experienced Members pls help and share suitable options & viewpoints!! Thanks!!