Review : Investment in Spectrum Metro, Sector 75 Noida, Loss or Profit

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 Construction was going on full swing till January-2018. But now a days construction of of this project is completely slowdown. However, as of now, the project construction has been slow down day by day and more work to be done on or before December 2019. Which is almost very difficult task. So can say that this project can be delay for more than 2-3 years time.

Spectrum Metro, Sector 75 Noida

As per Location
This project/property has situated in a very prime location, of the central Noida, with the upcoming sector 75 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. This property is in the front of the Sector-75 Noida Metro station.

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 the Noida. So we can say that this is the 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 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 every business. The project has 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 real appreciation of value for resale in the 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

Drawbacks | Bad Factors
The Gardenia builder is a “B” grade builder.The Gardenia builder has 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 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.

In the Ghaziabad, Noida and Greater Noida area, all Mall or Mall type properties are not a good and safe Investment options. The maximum Investor who invested in Mall type properties is in 99% loss.

The Whole Ghaziabad, Noida and Greater Noida area only a few Mall are running fine like The Shipra Mall, The GIP Mall, The DLF Mall of India etc otherwise all other Mall type properties are an 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 have not given timely possession of his any project.

The developer of the Spectrum Metro project and the Gardenia Golf City project are same, (“Gardenia group ke upper noida authority ka karja ha”) the Gardenia group is in the defaulter list of the the Noida authority.

This is the first mega commercial project of this builder, so they have no experience to build and manage this kind of commercial project/property.

spectrum metro mall, sector 75 noida

Price | Lease Price
At present 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 offers this kind of investment offers are not in the category of secure investment, as our experience most assured return properties are an investment of loss.

Conclusion
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 minimum 6% per annum return and all investment can be almost double within the 4 years after possession if the project completes in set time frame.

So we advice that the investment in the Spectrum Metro Mall is excellent and avail good returns in near future.

CPR Rating : * * *