Review: Investment in Indirapuram Habitat Centre, Loss or Profit

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Project Review : The Indirapuram Habitat Centre (IHC) is mixed land use project/property. It is situated in the posh location of Vaibhav Khand, Indirapuram. It is developed by the Victory Group. It’s a 13-acre leasehold property.
The land use of The Indirapuram Habitat Centre is 20% Commercial, 30% Recreational, and 50% Socio-cultural.

Possession | Construction Update
The phase one of the Indirapuram Habitat Centre, project is in the service since 2016, and the second phase is under construction. The promised date of delivery/possession of the second phase was in the year of December 2017. However, as of now the phase second construction has been moving at a snail’s pace. And the possession of second phase is uncertain, undefined. The phase-2 of Indirapuram Habitat Centre was sealed by GDA in October-2017, due to illegal construction and non payment. Now builder trying to demolish over constructed floors of this project. The phase-II of Indirapuram Habitat Centre can be delayed for more couple of years or even more.

indirapuram habitat centre, commercial shop

As per Location
The Indirapuram Habitat Centre is situated in a very prime location of the Indirapuram, Ghaziabad, It’s 4 sides open plot, all side are wide roads. It’s surrounding a huge rich urban population. It is just one Kilometer far from National Highway 24, it is adjoining to Swarn Jayanti Park. So the location of the Indirapuram Habitat Centre is excellent. Google Route Map, Indirapuram Habitat Center

Advantages | Good Factors
The Indirapuram Habitat Centre 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 “Indirapuram Habitat Centre” 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.

The Indirapuram Habitat Centre is one of the finest places for shopping, fine dining, fun, masti, and entertainment in Ghaziabad. It is the finest place where you can spend your leisure time with family and friends. There are wide corridors for walking and proper sitting arrangements. There are enough parking spaces in front of the commercial complex and in the basement. The Indirapuram Habitat Center is perfectly maintained. So there is no doubt that this commercial property is very good for investment purpose.

The Indirapuram Habitat Centre is the right choice of investment for those who are looking for ROI in the next year or so. They can get the real appreciation of value for resale in a couple of years.

A half portion of the Indirapuram Habitat Centre is ready for use, and already some big brands now operating their retail stores here, like The Apple, Hera Sweets, Raymond, Woodland, Park Avenue, Decathlon, BlackBerry. KFC, The Radars Cafe, the Westside and Pizza Hut etc.

This property the Indirapuram Habitat Centre has enough space for parking vehicle

The Indirapuram Habitat Centre is very well connected to the multiple public transportation facilities and other civic facilities.

The overall layout design of the Indirapuram Habitat Center is excellent, quality of construction is also good.

Indirapuram Habitat Centre, indirapuram

Drawbacks | Bad Factors
Nowadays, the developer of the Indirapuram Habitat Centre project is trying to sell their first floor and the second-floor shops as commercial shops, as we say above that this property land use is not 100% commercial, only the ground floor is commercial, so invest carefully.

This project is some legal issues also, so before investing in the Indirapuram Habitat Centre check all legal documents related to this property.

Advice
If anybody wants to invest in this projects commercial retail shops, we advise choosing the only ground floor shops, because legally only the ground floor is for commercial use. All other floors, like the first floor and the second floor are not commercially approved. According to GDA (Ghaziabad Development Authority), the first floor and second floors land use are Recreational and Sociocultural.

Our advice, avoid completely to invest in the 2nd phase of Indirapuram Habitat Centre.

These days developer of the Indirapuram Habitat Centre, offering many attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss.

Do not put your hard earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard earned money in the name of the assured return to you in the form of EMI. Actually, they are making you fool.

best shopping and entertainment destination. indirapuram habitat center, Indirapuram, Ghaziabad, Uttar Pradesh, India,

Price
The commercial shops are available in all size. The retail commercial shop’s size starts from 300 sq ft to 10,000 sq ft.
The ground floor commercial retail shops are available for sale at the price of INR Rs 28K per sq ft to INR 35K per sq ft, depends on the size and location. The price is reasonable for investment.

Apart from commercial retails shops, The Indirapuram Habitat Centre also have the Studio apartments. The Studio apartments are also a good investment option, but the price is slightly high.

Lease Price
Several shops are already leased out by the builder in the Indirapuram Habitat Centre at the price of INR Rs 120/- per sq ft to INR Rs 200/- per sq ft per month depends on the floor and location.

 Indirapuram Habitat Centre, indirapuram, ghaziabad

Conclusion
The property investment is a huge step and it involves a lot of money. It is therefore important that you review the pros and cons and weigh them before reaching a decision. As for the Indirapuram Habitat Centre property from the Victory Group is concerned, despite being multi-use one of its kind project, that while investing in this property check all legal documents related to the property.

The Indirapuram Habitat Centre is very good for retail business startups.

So we advice that investment at the Indirapuram Habitat Centre, ground floor, ready to move, commercial retail shops are good.

If anybody invests in Indirapuram Habitat Centre, ready to move, ground floor commercial retail shops he may get minimum 5 to 6% annual return.

CPR Rating * * * *

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

44 Comments

  1. I want to buy a ground floor shop here

    Reply
  2. Ihc is good project for investment,but only ground floor,actually there is some legal problem, which builder trying to hide

    Reply
  3. Project/property is good for investment but there is something wrong land use of this property not clear, builder says all r commercial but GDA says not its a mix land use property

    Reply
  4. Indirapuram habitat centre is good property.
    Any idea about investing in Serviced Apartments? They are providing guaranteed lease for 72 years with starting rent of between INR Rs 50k to INR Rs 60k. Which investment option is best among-st virtual shop 40% ROI in 2 years.
    Tata Westside leased shop 9 – 13% return over 15 years, Entertainment zone with 12% assured return or Service apartments with assured rent for 72 years.
    Can any one suggest me which one is best…. ?

    Reply
    • Hi There
      Is there any surity of rental on ground floor, as latest sales person from IHC states “registries will open after one and half year”
      Regards

      Reply
  5. Hello friends
    I am an advocate by profession, I investegate this property Indirapuram habitat centre, landuse and legality, I got some information from GDA , They said its a mix land use project, indirapuram habitat center is not 100% commercial project, only ground floor retail shops are commercial, they give me written proof RTI

    They also said me that till date builder not deposit its due payment to GDA against purchasing this plot.

    So I found this website feedback is 100% true, and it is very usefull to investers of indirapuram habitat centre.

    So I advise while purchasing any shop/space in indirapuram habitat centre, ask legal papers regarding this property.
    Thank You

    Reply
  6. In indirpuram habitat centre invest only in ground floor retail shop, it is legal and safe

    Reply
  7. There is some legal issues in Indirapuram habitat centre, this property has only 10 floor studio apartment approvel

    Only ground floor retail shops are commercial

    Reply
  8. Ihc is nice place for hangout fine dining shopping lesure

    A new kind of hi street shooping experience

    Reply
  9. Indirapuram habitat center is good place for shopping, fun, masti, entertainment.
    commercial shop investment is value for money

    Reply
  10. Don”t buy property in Indirapuram Habitat Centre “entertainment city” or Rental revenue like “Reliance trends”.They told to provide loan and banks stopped giving loans.
    Many investors purchased in entertainment-city with terms that they will get loan and they are not getting that.So IHC management/sales and finance people stopped rental to these investors as they are not getting loan on their virtual spaces.

    Reply
  11. Please review your agreement before signing for virtual spaces.This builder has specified all the points in those agreements in favour of IHC. So I will suggest you not to go for any virtual spaces.

    Reply
    • Sir, Can you point out some specific or irregular points ?

      Reply
  12. Dear Investors,

    Please do not invest in Victory Projects – Indrapuram Habitat Centre. These people put up false promises to the investors. I was promised that there will be a loan of 50 % payment after you have paid 50% payment.

    After six month they say they had not promised any such thing. Then These people dont pick up calls too. We are still running behind them and they have stopped assured return cheques.

    In the agreement for virtual spaces like entertainment city , all the points mentioned are in favour of builder and as per them there is no loan clause present in the agreement. People sitting in sales tells lie to investors .
    Request everyone not to invest in this.

    Reply
    • well said sir, keep it up

      Reply
    • hi,
      My name is akash & i was thinking to invest here. Can i have your number?
      you can also drop a message to me
      Looking forward to hear from you.

      Reply
  13. It is 100% true that The assured return plan is nothing. Actually it’s a trick of fundraising. The developer sell their low money property at a very high price to innocent investors. Actually, they are making us fool….

    Reply
  14. All is not well in indirapuram habitat centre , actually this builder constructed more than permeated FAR, And the first and second floor are not commercial, but they are trying to sell upper floors as commercial, which is unfair trade practice,

    The builder till date not cleared GDA dues pending since more than 10 years.

    There are a loan of around 100cr of hudico on this project.

    Original allottees of this plot indirapuram habitat centre are exit from this project more than 10 years ago

    Actually there may be big scam of stamp duty

    Reply
  15. 100% true and useful information. Very well advised. Never saw such genuine advice for real estate. Normally its builder who always appreciate their project avoiding drawbacks. Kudos to the writer.

    Reply
  16. Good day Investors,
    I have booked a small shop in Face 2, IHC, which is still under constriction and i already paid 95 % and they gave me assured return cheques 2016 & 2017 but this year April 2018 onward they have stopped assured return cheques and they are not picking the call.
    Please advise what to do now

    Reply
    • anand ji
      What is your unit no.
      I talked to their person, about yours problem. They said that because you have not paid your remaining amount, that is why your cheques for 2018 are not issued.

      Reply
    • Anand ji
      What is your unit no.
      I talked to their person about your issue, they said that since you have not paid remaining amount balance, your 2018 cheques are not issued.

      Reply
      • Good Day Nikhil ji,
        Thanks a lot for your quick response. My unit number is 299, G block, First Floor (Face #2)
        As I mentioned in my earlier mail I already paid 95 % of total Cost of the unit number 299 and as per the agreement remaining 5% will be paid upon possession.
        I do not understand how can they asked for 100 % payment without giving handover and as you know the face 2 is still under construction.
        My family visited too many time there and every time the said it will take a week but still no answer from them even they did not picking up the phone.
        Presently I am posted in J&K (Army Unit) . Please help as I am little bit tense as it’s seem my hard earn money gone.
        One more thing IHC office /Agent never ask me for remaining payment as it is self-understood remaining payment normally paid by purchaser when he take the possession.
        Your help in this regards will be highly appreciated.

        Secure Regards,
        Anand Bisht

        Reply
        • sir,
          did u know Mr. Nikhil ?

          Reply
          • NO

  17. I am also interested in investing in GF virtual space. However, before doing so, I want to verify the legal aspect. Will someone suggest me a property lawyer who can advise me on the matter

    Reply
  18. Dear Admin I placed comment on June 9 about my problem and June 18 Mr. Nikhil wrote me and asking for unit number.
    Please advise
    Warm regards
    Anand

    Reply
    • dear sir kindly call me 8********6 i will try to help you

      Reply
      • Mr. Ritesh
        Phone No etc not permitted

        Reply
  19. please do not invest your hard earned money here. As project is completely illegal and builder is fraud. As u have already seen ihc is sealed completely for 10 days, and 2 phase were sealed from last one year

    Reply
    • What about phase 2 ground floor shops..

      Reply
      • The second phase of Indirapuram Habitat Centre were sealed since last one year. And more than 75% area constructed illegal in 2nd phace, demolition is in progress

        Reply
        • please tell ,which floor of IInd phase of IHC is under demolition drive ?. Let us call a meeting of investors and fix it`s schedule immidiately.

          Reply
  20. The Ghaziabad Development Authority on Wednesday , 04-July sealed Indirapuram Habitat Centre (IHC) over non-payment of property tax dues.

    I want to check and connect with Phase 1 & 2 investors If you have received any update from builder about asssured rental cheques submission.
    It seems builder’s bank account is frozen.My June asssured rental cheque bounced and July cheque is still with me.

    I am looking for latest update from anyone about IHC court hearing and assured rental cheque submission.

    Please also let me know if any existing google group or WhatsApp group available for connecting Phase 1 & 2 investors.

    Reply
  21. I am a owner of a shop at 1st Floor Phase 1. I am facing some issues with the builder rgd the assured rental. The cheque got bounced. it started just after the sealing took place. before that everything was perfectly OK.
    Who else is facing the same problem.

    Reply
  22. IHC are having another hearing this week at Allahabad High Court.

    Reply
  23. I heard , IHC has taken the case back and they are doing some compromise with authority . is it true ?

    Reply
    • Read it on some other forum – IHC are in talks with a hotel chain to sell off studio flats and raise funds to pay GDA. There isn’t any clarity yet, their marketing office is still sealed.

      Reply
  24. Any updates on the court case? We had heard things would get settled by 4th Sep but no one is picking up phones.

    Reply
  25. How can we discuss more closely in a closed group? Do we have any investor group? If require we can take legal action against this builder? If I am here posting my concern then I am none other than another investor like you of Phase 2.

    Reply
    • Shiva Sir,
      What exactly your concern? have you invested in IHC-Indirapuram? Please share your details if possible.

      Reply
  26. Please let me know if any existing google group or WhatsApp group available for connecting Phase 1 & 2 investors.

    Reply
    • Hello Sir,
      Can you share your details. Exactly what happened with you?

      Reply
  27. Hello!
    I am also a victim of Indirapuram Habitat Centre. I had initially invested in Studio Apartment. Last year they forced me to change to Phase-2 shop. Assured return cheques started bouncing since July this year. They have not even deposited the TDS for the last financial year (2017-18). Is there a WhatsApp group of the IHC Investors? I would like to be part of the group. We should join together to take the Company to NCLT court to recover our investments.

    Reply

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