Project Review : The Spectrum Metro, is situated in the sector 75, Noida. This project is under developing by the Blue Squares LLP (Gardenia Group) It,s a purely commercial property. This project is consists of commercial retail shops, commercial office space, studio apartments, serviced apartments, food courts, Multiplex and entertainments facilities.
Possession | Construction Update
The project Spectrum Metro is under construction. The promised date of delivery of the project is in the month of December 2019. The RERA Possession date of this project is December-2020. The project may be the delay for more couple of years. The RERA registration no of this project is UPRERAPRJ6018.
As per Location
This project/property is situated in a very prime location, of the central Noida. This property is at the front of sector 50 Noida Metro Station. This commercial property is just opposite to the posh sector 50 Noida. This project is very well connected to all type of public transport facilities and other civic facilities.
The Spectrum Metro location is very prime, and it’s only centralized air-condition commercial Mall type project in this area that caters residents of sector 74,75, 76, 77, 78, 79, 112, 116, 117 of central Noida. So we can say that this is an excellent location project.
Advantages | Good Factors
The Spectrum Metro is a project offering the perfect integration of retail, commercial and hospitality in a single compound. The project is appealing not just from a design and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “Spectrum Metro” will have Four different sections to it namely the Hospitality, Business first, Leisure and Entertainment. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.
As we Analyze that the location and layout design of the Spectrum Metro is very impressive. This project has a very wide frontage, approx one kilometer.
There are more than 60 thousand flats and a population of more than 3 lakh people in this area. It’s only Mall type centralized air-condition project/property with all kind of shopping and entertainment facilities in this area of central Noida. Which is a very good sign for commercial property investment. i.e Spectrum Metro.
The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests.
The overall layout design and location of Spectrum Metro is excellent.
The Spectrum Metro can be the right choice of investment for those who are looking for ROI in the next two or three years or so. They can get the real appreciation of value for resale in a couple of years.
The biggest plus point of the Spectrum Metro project is that this is the only mega Mall project in the sectors 74, 75, 76, 77, 78, 79, 112, 116, 117 Noida. So there is no competitor for the Spectrum Metro project. Which is also a very good sign for commercial property investment
REVIEW -VIDEO SPECTRUM METRO MALL
The Gardenia builder has successfully delivered several residential projects in Noida & Ghaziabad. But the Gardenia builder has an extremely poor record of completing their real estate projects in the set time frame, not even a single real estate project in Delhi-NCR is completed in the set time frame.
The construction material used by Gardenia builder in their projects is painfully below the standard which gives you a feeling that the builder has looted you with all your hard earned money.
Drawbacks | Bad Factors
The Maximum Mall or Mall type properties are not the good and safe investment options in the Ghaziabad, Noida and Greater Noida area. The maximum investors who invested in Mall type properties are in 99% loss.
Actually, only a few Malls is running fine in Ghaziabad, Noida and Greater Noida area, like The Shipra Mall, The GIP Mall, The DLF Mall of India etc otherwise all other Mall type properties are the investment of 99% loss. But to see the excellent location of this project, we can hope that this project will perform very well.
The only risk is that (” kya builder iss project ko time per complete kar payaga ki nahi, or project ko complete karega bhe ki nahi”) Will this builder complete this project in set time frame or not, because the previous and present track record of this builder is not good, builder has not given timely possession of his any project.
The developer of the Spectrum Metro project and the Gardenia Golf City project are same. The Gardenia group is in the defaulter list of the Noida authority.
This is the first mega commercial project of this builder, so they have no experience to build and manage this type of commercial project/property.
Price | Lease Price
The Spectrum Metro Mall retail commercial shops prices start at INR Rs. 21K per sq ft to INR Rs 28K per sq ft depends on the floor and location and the office space price INR Rs. 7K per sq ft to INR Rs 9K per sq ft depends on the floor and location. The price is slightly higher for investment but worthy.
These days Developer of The Spectrum Metro project, offering many attractive schemes to customers for investment in this property, like 12% assured return, lease guaranty, and 50-50 payment plans.
That builders/projects who offer this type of investment offers are not in the category of secure investment, as our experience most assured return properties are an investment of loss.
This project/property the Spectrum Metro is good for well established retail business groups and also for new business startups.
After completion, possession of the Spectrum Metro Sector -75 Noida, investors may get a minimum 6% per annum return if this project complete in the set time frame.
So our advice that the investment in the Spectrum Metro Mall is excellent and avail good returns in near future.
CPR Rating : * * *
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