Project Review : The M3M Urbana Premium is situated in the sector 67, Gurgaon/Gurugram. This project is under developing by the M3M India Private Limited. The M3M Urbana Premium consists of commercial retail shops. Commercial office spaces, Food courts, Multiplex and entertainment facilities etc.
Possession | Construction Update
The M3M Urbana Premium Mall is under construction. The promised date of delivery/possession is in the year of January 2020.
As per Location
The M3M Urbana Premium is located in the sector -67, Golf Course Extension Road, Gurgaon. It’s a two side open corner plot. Both sides are wide roads. The project is properly visible to maximum passers from the Golf course extension road and adjoins main roads. The M3M Urbana Premium is surrounded by several urban rich ready to move residential societies. So can say that the location of the M3M Urbana Premium is very impressive.
Drawbacks | Bad Factors
The Sector 61, 62, 67 and 66, is already cross the limit of commercial property development. Actually, at present, there is no need for any new commercial projects in the Golf Course Extension Road.
We Strongly advise, Avoid completely new launch, soft launch and primary stage under construction commercial projects of the Golf Course Extension Road, Gurgaon.
It is fact that M3M Urbana Premium is a prime location project of Golf Course Extension Road of Gurgaon. But The drawback is that there are already several other ready to move and under construction mega commercial projects exist. Like the The M3M Cosmopolitan, The M3M Urbana, Emaar MGF The Palm Square, Emaar MGF Digital Greens, Emaar MGF Emrald Plaza, The Suncity Success Tower, Pioneer Urban Square, Spaze Buziness Park, Splendor Trade Tower and under construction M3M Tee Point, M3M City Hub, M3M Financial Centre, M3M 65th Avenue, M3M Marconi, AIPL Joy Street, AIPL Joy Central, Elan Town Centre, Imperia Mind Space, Emmar MGF Colonnade,Banni The One, The Landmark Walkway 66, Era Casa Pisasso, Suncity The Summit, Pioneer Hi Street, Bharti Worldmark and the Splendor Epitome Work n Stay etc.
All above-said projects are within the one kilo Meter radius. And all these projects have same products. All are commercial/retail/office space/serviced apartments/studio apartments/Mall type properties. All these commercial properties/projects are creating investment competition in this location.
There is a big gap in demand and supply. The supply is very high in comparison to demand of this same kind of commercial projects/properties in this same location.
So in future and in present time, investors are facing problems in leasing and selling their commercial properties in all above said commercial projects.
Now the question is that, what’s the logic behind all these oversupply commercial? Is there any limit? Actually, there is no proper planning and re-planning for commercial development by the concern development authorities Of Haryana government (GMDA)/HUDA.
How much commercial property is needed and when it is needed, Haryana government has no planning. Actually, it’s a System failure and we all are the victims of this pre-planned cheating.
The Maximum Mall or Mall type properties are not the good and safe investment options in the Gurugram and Delhi area. The maximum investors who invested in Mall type properties are in 99% loss.
Actually, only a few Malls is running fine in Gurugram and Delhi area like The Ambience Mall, The DLF Mega Mall, The MGF Metropolitan Mall, and The Select City Walk, Saket, New Delhi 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 M3M Group has a good market reputation in the real estate industry. M3M is a big name in Gurgaon real estate market. He has successfully handover several residential and commercial projects in the Gurugram (Gurgaon) and Delhi.
The prices won’t very much hike at least for a couple of years because of the huge unsold commercial property on the Golf Course Extension Road, Gurugram.
If anyone wants to invest in the Golf Course Extension Road commercial properties we advice prefer ready to move or advance stage construction projects.
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 of the market to appreciation in the locality, 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 M3M Urbana Premium 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 M3M Urbana Premium, 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 to you 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.
Ready to move M3M Urbana and under construction AIPL Joy Street is the much better project for commercial property investment in Golf Course Extension Road.
We Strongly advise, Avoid completely new launch, soft launch and primary stage construction commercial projects of the Golf Course Extension Road, Gurgaon Sector projects.
Advantages | Good Factors
The layout design of commercial office space is very impressive. The office space is well furnished and designed to cater every business.
There is proper parking space for stakeholders and visiting guests. The M3M Urbana Premium is GMDA (Gurugram Metropolitan Development Authority) approved, so there is no legal hassle in this project.
The M3M Builders has the good market reputation in real estate industry. He has successfully given several residential and commercial projects in the Gurugram (Gurgaon). So the investor can invest in this project without any hassle.
Price | Lease Price
Right now the retail shops are available in the M3M Urbana Premium at the price INR Rs 13750/- per sq ft on the lower ground floor, INR Rs 25K per sq ft on the upper ground floor, INR Rs 13750/- per sq ft on the first floor and INR Rs 12500/- per sq ft on the second floor plus other charges.
The price is already on the higher side for investment and there are not very much scope for early growth.
These days developer M3M Urbana Premium commercial project offering buyers so many interesting payments plans to invest in this project/property, Retail Commercial Shops, like the 12% assured return, and other greedy payment plans etc.
That builder/project who offers this kind of investment offers is not in the category of secure investment. As our experience most assured return and lease guaranty properties are an investment of loss.
The investment in the M3M Urbana Premium will take a very long time to grow.
CPR Ratings *
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