Review : Investment in MMR 52nd Avenue, Sector 52 Noida, Loss or Profit

Review Slider

Project Review: The MMR 52nd Avenue, situated in the sector 52, Noida. This project is under developing by the MMR Group. It’s a Mall type commercial project. This project consists of commercial retail shops, retail space, Hyper Market, Multiplex, Anchor Stores, Kids play area, Entertainment Zone, Restaurants, Multi-use Studio apartments, Serviced Apartments, Exclusive Medical Clinics, and Office Spaces etc. Shops and office space are available in various sizes.

Possession | Construction Update
This is probably the most uncertain query of the entire project. The MMR 52nd Avenue project was started in the year 2013. The promised date of delivery/possession of the project was set for the month of December 2015. But the project is still under construction. And now the revised possession date of this project is December 2018.  The MMR 52nd Avenue may be the delay for more couple of year or even more. The RERA completion/possession date of this project is 31-12-2020 ( RERA Registration No. UPRERAPRJ7156)

mmr 52nd avenue mall, noida

As per Location
The MMR 52nd Avenue is situated in the very prime location, of the central Noida, with upcoming sector 52 Noida Metro Station. It is in between the center of several posh residential societies/sectors of the central Noida like the sectors 51, 52, 57,60, 61, 70,71 Noida.

Advantages | Good Factors
The MMR 52nd is a project offering the perfect integration of retail, commercial, hospitality and residential lifestyles 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 “MMR 52nd” will have five different sections to it namely the Hospitality, Business first, Leisure, Entertainment and Domicile.

The MMR 52nd Avenue is very well connected to the multiple transportations and other civic facilities. The upcoming Sector 52 metro station in Noida is the closest to this project.

The Sector 52 and surrounding sectors of this project is high-density population area and the high density is good for commercial investment.

That the MMR 52nd Avenue is the only Mall type project in this area of the sectors like 51, 52, 57, 60, 61, 70, 71 Noida and can cater a huge urban rich residential population of the Central Noida. So it is no doubt that this project has a very good location for investment purpose.

Drawbacks | Bad Factors
As we have seen above, the entire construction of the project MMR 52nd Avenue is planned well and the locality is also chosen well. The drawback here though is the fact that the construction has completely slowed down. With a possession date set in another year’s time, the project has a long way to go for completion. It seems to have already outlived its past expectancy date of completion which has caused a lot of worry in the minds of investors.

There are so many partners in this project and some of the partners are changed or exit from the project. The project MMR 52nd Avenue has been re-launched several times already with new completion target dates and yet there has been no significant progress. There is not much help from the Noida authority as well on this issue.

The investors who have their money into the project are already trying to sell their property and recover their capital. It has been a cumbersome experience for investors who deal with soft launch projects along Noida or any other location along Delhi NCR.

The MMR 52nd Avenue Mall is already delayed more than two years, and now a day’s construction is very slow. It’s only a risk, otherwise, it’s an excellent location.

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.

The construction and possession of this kind of project depend on the sale of shops/space so the project may be the delay.

The Maintenance cost is always high in Mall type properties and after completion possession, investors can face problems in leasing their retail space in this project.

Builder Profile
The MMR group has a good market reputation in the real estate industry. He has successfully delivered several residential and commercial projects in Delhi-NCR. The MMR builder has the extremely poor record of completing their real estate projects in the set time frame.

mmr 52nd avenue, sector 52 , noida

Advice
The property MMR 52nd Avenue is best suited if you are willing to hold onto a longer term for returns as it would take a couple of more years (or even more) for completion of the property and the market to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within 3-5 km. And this is subjected to the completion of this project on the set time, next year, which seems fairly uncertain.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year. In fact, investors who are trying to make a sale of their property in the MMR 52nd Avenue are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.

These days the developer of the MMR 52nd Avenue, offering many attractive schemes to customers to invest in this property, like the 12% assured return, lease guaranty, and the 50%–50% payment plans etc.

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 & monthly rent to you in the form of EMI.

Actually, the assured return plan is a trick of fundraising. The Real estate developer sells its non-salable property with a greedy plan on a very higher price, to innocent customers in the name of assured return. They are making you fool.

MMR 52nd Avenue, Sector 52, Noida, India

Price | Lease Price
Right now retail spaces/shops are available in this project the MMR 52nd Avenue, at the price INR Rs 19K per sq ft to INR 28K per sq ft depends on the floor and location, the office space is available at INR Rs 9,500/- per sq ft and the Studio apartment price is INR Rs 10,750/- per sq ft approx, plus other charges.
The price is very high for investment in a Mall type under construction property.

These days developer of the MMR 52nd Avenue, offering many attractive schemes to customers for invests in this property, like the 12% assured return, lease guaranty, and the 50-50 payment plans.

As our experience that builder/project who offer this kind of investment offers are not in the category of secure investment. As our experience most assured return properties are the investment of loss.

Conclusion
After analyzing all above facts that after completion/possession of this project, the investor may get 4% to 5% per annum return. If the builder complete this project in revised time frame.

CPR Ratings   * *

NOTE: BEFORE INVESTING DO, YOUR OWN RESEARCH

21 Comments

  1. Absolutely right feedback

    Reply
  2. I advise not to invest in mall kind of property in noida ghaziabad,even mmr 52nd avenue

    Reply
  3. Its not a good investment

    Reply
  4. Construction of this project is very very slow, it is not possible that builder complete this project on time

    Reply
  5. dead slow construction….

    i advice… not to buy anything in MMR52nd Avenue

    Reply
  6. I am living in Noida sec 75 and crossing MMR Site on a daily basis. Construction of this project is very fast compared to the other projects like Spectrum Metro.

    It’s on VERY PRIME LOCATION of NOIDA.

    I am getting assured return on the time.

    I will recommend to buy this property.

    Reply
  7. This is the most prime location of Central Noida and construction is in full swing.

    My friend invested in Retail Shop a year ago and satisfied with the assured return he is getting.

    Reply
    • ha ha ha, fake comments , booth Vishwajeet Kumar and Bansul Jaggi, are commenting from sale IP-address…. 223.190.0.31.

      every one knows about the construction of MMR52nd avenue…

      Reply
  8. The Mmr 52nd avenue is still under construction since the year 2012-2013. everything is fine except construction, there is very slow construction. When this project complete ?

    Reply
  9. Location of this project is very good. Regarding construction updated I contacted MMR Sales team and they said that this project is under RERA undertaking and the project will be completed by Dec 2020.

    Reply
  10. I think this is the prime location of noida for commercial investment point of view……

    Reply
  11. Hi I bought studio under assured return scheme and payment was smooth for few months. Suddenly dec month they have asked not to deposit the cheque. can some one advise what is going on.

    Reply
    • Hi, Parul,
      Can you briefly explain about the matter ?

      Reply
  12. I think MMR 50 2nd Avenue Noida is Good Investment option unmatched location unmatched specification with unmatched price…..

    Reply
    • Hello,
      Mohit Kumar Gupta (Property Network India), you are from MMR 52nd avenue side?

      Reply
  13. Hi, Sanyogita.
    all information is available in this article, please read again completely. and for construction update, please visit the site of MMR 52nd avenue. and write your views here.
    Thank You

    Reply
  14. Hi, Parul ji
    Same problem is with my friend, the builder stoped assured return cheque.

    Now what should I do ?

    Reply
  15. The customer can’t do anything if builder stopped the assured return cheque payment

    Only court can do, but it will take 15-20 years.

    Don’t put ur money in assured return plan

    Reply
  16. Spectrum Metro is much better commercial project/location than the MMR 52nd Avenue.

    Spectrum Metro construction is also on better stage than the MMR 52nd Avenue.

    Reply
  17. I am about to invest in MMR 52nd Avenue, But after seeing the feedbacks here I am not sure now.
    I am looking for a long term investments with returns.
    Can someone help please.

    Reply
  18. Location is Prime but construction is too slow.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*

Lost Password