Project Review: The M3M Tee Point is situated in the sector 65, Golf Course Extension Road, Gurugram (Gurgaon). This project is under developing by the M3M India Private Limited. The M3M Tee Point consists of commercial retail shops and office spaces etc. The M3M Tee Point commercial shops and office space are available in various sizes.
Possession | Construction Update
At Present the M3M Tee Point commercial project is under construction. The Haryana RERA possession date is July-2021. But the developers promised date of delivery/possession of the project is in the month of September 2018. The project may be delayed.
As per Location
The M3M Tee Point commercial complex exists in the prime location of sector 65, golf course extension road. It is located on the entry side 130 ft wide road. Residential project the M3M Golf Estate is very close to this project. The M3M Tee Point, sector 65, Gurgaon is properly visible to all passers of Golf Course Extension Road and nearby residential societies of sector 65 and 66. So we can say that the location of the M3m Tee Point is very impressive.
Advantages | Good Factors
The layout design of this M3M Tee Point is world class. This commercial complex has a wide frontage. All ground floor commercial retail shops are properly visible and walkable. The M3M Tee Point can be an ultimate shopping destination in the future. So there is no doubt that the ground floor retail shops of this project are very good for investment purpose.
The layout design of M3M Tee Point commercial office space is also very impressive. The office space is well furnished and designed to cater every business. The M3M Tee Point has the proper parking space for stakeholders and visiting guests.
The M3M builders have a good market reputation in the real estate industry. He has successfully handover several residential and commercial projects in the Gurugram (Gurgaon). So the investor can invest in this project without any legal hassle.
The M3M builder is not a committed builder in terms of construction and possession. The M3M has the extremely poor record of completing their real estate projects in the set time frame.
Drawbacks | Bad Factors
The M3M Tee Point, Golf Course Extension location is prime but in this prime location, several other under construction and ready to move commercial project also exists in this same location like 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 65th Avenue, M3M City Hub, M3M Financial Centre, M3M Urbana Premium, M3M Marconi, , 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 commercial projects are within the 1 KM Radius. And all these projects have same products. All are commercial/retail/office space/serviced apartments/studio apartments/Mall type properties.
So all above said 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 types of commercial products/projects/properties in this same location of the Golf Course Extension Road, Gurugram.
So in future investors can face problems in leasing and selling their retail commercial shops and office spaces, studio apartments, serviced apartments in all above said commercial projects. As we advise while investing in all above properties/projects choose wisely.
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. i.e. GMDA/HUDA
How much commercial property is needed and when & where it is needed, the Haryana government has no planning. Actually, it’s a system failure and we all are the victims of this pre-planned cheating.
The construction and possession of this kind of project depend on the sale of shops/spaces, so the project may be the delay.
The M3M Tee Point, all ground floor retail commercial shops are much better investment option in compression of commercial office space of this project.
The M3M Tee Point, the property 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 2-4 km. And this is subjected to the completion of this project on the set time, which is almost an impossible task.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. 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 M3M Tee Point are hardly getting any client. Despite having brought their prices down, there aren’t any takers to buy these properties.
The M3M Tee Point ground floor commercial retail shops are properly visible from outside main roads. These retail shops look like the high street retail shops. So we advise investment of ground floor commercial retail shops will give excellent returns after possession of this project.
These days developer of M3M Tee Point, offering several attractive schemes to customers to invest in this property, 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 Golf Course Extension Road has oversupplied commercial projects, and this location already crosses the limit of commercial property development. Actually, there is no need for new commercial projects in this location of 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 of Gurgaon.
There is no planning or re-planning for commercial development in this location of Golf Course Extension Road. How much commercial property is needed and when it is needed, our government and real estate developers have no planning.
Price | Lease Price
Right now commercial retail shops are available in the M3M Tee Point at the price INR Rs 20K per sq ft to INR Rs 30K per sq ft on the ground floor and INR Rs 12K per sq ft to INR Rs 15K per sq ft on the first floor plus other charges. The office space price is INR Rs. 09K per sq ft to INR Rs 12K per sq ft, plus other charges.
The price is slightly high for investment in M3M Tee Point, Gurgaon.
The investment in the M3M Tee Point Mall will take a very long time to grow.
The investment of ground floor retail shops can give 6% per annum return after completion, possession of this project. If this project complete in the set time frame.
CPR Ratings *
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH