Project Review : The Lotus Broadwalk is situated in the sector 150, Noida. This project is under developing by the Lotus Greens builder. The Lotus Broadwalk consists of commercial retail shops, Hyper Market, 5- Screen Multiplex, Food Courts, Restaurants and Banquet hall etc. It’s a leasehold property. Commercial shops size starts from 565 sq ft to 1500 sq ft.
Possession | Construction Update
The Lotus Broadwalk, project construction does not start till date (February-2018). The promised date of delivery/possession of the project is in the month of December-2020.
As per Location
The Lotus Broadwalk is situated in a very prime location of the sector 150, Noida. The project is surrounded with several ready to move and under construction urban rich residential societies. It is very well connected to Noida Greater Noida Expressway. The project is properly visible. So the location of the Lotus Broadwalk is excellent.
Advantages | Good Factors
The Lotus Broadwalk is a project offering the perfect integration of retail, commercial, entertainment, 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 “Lotus Broadwalk” will have four different sections to it namely the Hospitality, Shopping, Leisure, and Entertainment. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.
As we Analyze that the location and layout design of the Lotus Broadwalk is very impressive. This project has a wide frontage, and properly visible. The project is surrounded by several urban rich residential societies like The Tata Value Homes, The Godrej Nest, The Ace Golfshire, The Ace, Parkway, The ATS Le Grandiose,The ATS Pristine etc. Which is very good sign for commercial investment.
The ground floor commercial retail shop of the Lotus Broadwalk project is properly visible and looks like the high street open market, especially the road facing retail shop, so the investment in the ground floor front road facing shops can give excellent returns in future.
The sector 150 is high-density population area. There are more than 20 thousand flats and more than 80 thousand urban rich residential populations, which is also very good sign for the Lotus Broadwalk commercial investment.
As we analyze that the Lotus Broadwalk will be the finest place for shopping, fine dining, fun, masti, and entertainment for sector 150 residents. It will be the finest place where sector 150 residents can spend their leisure time with family and friends. So there is no doubt that this commercial property is very good for investment purpose.
The Lotus Broadwalk is the right choice of investment for those who are looking for ROI in the next year or so. They can get a real appreciation of value for resale in the couple of years.
This property the Lotus Broadwalk has enough space for parking vehicle. The overall layout design of the Lotus Broadwalk is excellent.
The Lotus Greens Group has the good market reputation in real estate industry. He has successfully given several residential and commercial projects in Noida. So the investor can invest in this project without any hassle.
If construction/possession of the Lotus Broadwalk is complete in the set time frame or on before set time frame than this commercial project will give excellent returns to investors because at present there is no ready to move, good location Mall/High Street retail/entertainment facility type project available for in sector 150 Noida.
The biggest plus point of this project is that this is the only big commercial/ retail/ Mall type project in this area that caters more than 80 thousand residents of the sector 150 Noida. So there is no any other competitor of the Lotus Broadwalk project in this area.
Drawbacks | Bad Factors
The possession date is set for the month of December-2020 and construction is yet to start. So this project may be the delay. Before investing check all legal documents related to this project.
The Lotus Broadwalk is the right choice of investment for those who are looking for ROI in the next two or three years or so. They can get a real appreciation of value for resale in a couple of years. (If the builder complete this project in the set time frame)
Price | Lease Price
At present, the Lotus Broadwalk retail commercial shops/spaces are available in this project at the price INR Rs 14750/- per sq ft on the ground floor and INR Rs 12750/- per sq ft on the first floor plus other charges. The price is reasonable for investment.
The Lotus Broadwalk project is good for retail business startups.
After analyzing all the above facts that after completion/possession of this project, the investor may get 6% per annum return. if the builder completes this project in the set time frame. i.e December-2020
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NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH