Older apartments versus new projects: Which offers better returns for property investors?
India, June 2 -- A Bengaluru resident recently sparked a debate on whether older apartments offer better investment value than newly launched projects. The user argued that 15-20-year-old apartments often yield around 4% or more, compared to 2-3% for many new developments. Established neighbourhoods, lower vacancy risks and greater room for price negotiation were cited as additional advantages.
"...rental yield on older apartments seems higher. Around 4% in some cases. Plus the area is already developed, so vacancy is low. I also feel it's easier to negotiate a better deal with resale owners. Newer projects on the other hand are giving 2 to 3% rental at best. And prices are honestly crazy even for category B builders," the Reddit post sa...
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