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.
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.
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.
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.
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.
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.
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.
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NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH