I’d like to start by saying that I have never really been someone who was very keen on living in hilly areas instead of the cities. Yes I liked the views the hills had to offer but to me the conveniences of the city life mattered much more. My adherence to staying in the city was so strong that I rejected many offers of getting any kind of investment done in any of the hilly cities.But this was all before I visited Chester Hills.
I have been a keen real estate investor for as long as I remember. I started by investing in smaller local units like shops, booths, one room apartments that presented good ROIs and were a safe and worthy investment. Later on, I started investing in full size apartments and researching for the same is how I actually found my own apartment that I purchased eventually. Down the road, the offerings started getting better and my interest in investing in or near metro cities increased.
I was invited to my friend’s daughter’s wedding last year and it was on a very nice farm in Solan. I have always preferred to stay in some AirBnBs or apartments while traveling as regular hotels seemed too formal for my taste. I stayed in an AirBnB apartment in Chester Hills for the 5 day period that I was there in. I got great parking space along with a lot of other things to pamper myself with during the off periods.
While I was relaxing one day in the green area inside the housing project, I met another gentleman who was ex-defense and was living in Chester Hills for the last one year. He and I started conversing about many things during which I told him that I am an investor by passion and love to invest in worthy estates. That’s when he told me that he just purchased another apartment in the same project just because the rental income as well as the price appreciation there was unmatched. The main reasons as per him were the impeccable delivery times of the developers as well as the quality of life being provided to the residents. I had already had a taste of what the project has to offer so it caught my attention.
I got in touch with my agent and asked him to get each and everything regarding the project checked and verified legally. Everything checked out perfectly and what surprised me more than anything else was that since its inception, the developers have been handing over the possession of the units way before than the original commitment. I understand how difficult it is to construct at this scale in a hilly region and that is what made this record even more impressive.
I got myself two units here, one of which I use to stay in whenever I am visiting here. The other one is generating good rental income as well as the price being appreciated every quarter. What more can an investor ask for? I will highly recommend everyone who is looking for 1/2/3 bhk flats for sale in solan to visit them
That’s my Chester Hills story. What’s yours?