income restricted buildings and resale value....

its a huge barrier to entry. It will also keep appreciation and resale prospects low as income capped folks generally do not have access to the capital other folks do, unless the HDFC coop allows parents buying for children, which they generally do not.

is there any investment upside at all?

The rules have changed, and for $700000 apt. the income ceiling is $400000(!). We bougt one last year and sold it last month for $870000, with income ceiling for buyers at $560000.
The higher the price, the higher the ceiling. Great investment.

Not familiar with income restricted buildings. To maximize returns, I would want to maximize the number of people who can purchase my asset. My personal philosophy is I don't want to shrink my buyer pool, that is why I go condo.

But for a good stable place to live, why not? I assume because there are restrictions, they might also be at a discount right now.

Yes, it is at a discount...and realistically it is the best we can afford for our budget.... BUT...that being said, if I am plunking down 80% (or more!) of my assets, I would like there to be an upside....

belle.... we are not quite in the same income pool as you describe, which I agree with you seems flexable enough to be able to realize a profit and attract a large pool of buyers in the future... I am talking real income restrictions... like under $200,000.00 per year for an apartment that is asking around $600,000.00 now. It just seems to me that it's an impossable situation...unless you have a lsrge chunk of cash and have little income...(like we do) who can afford this apartment?