Project Review : The Mahagun Marina Walk is situated in Buddha Chowk, Noida Extension (Greater Noida West). This project is under developing by the Mahagun India Private Limited. It’s a Mall type commercial property. The Mahagun Mall consists of commercial shops, office spaces, movie theaters, club and entertainment facilities etc. The Mahagun Mall commercial shops and office space are available in various sizes.
Possession | Construction Update
The Mahagun Marina Walk is under construction. The project construction is in the primary stage. The promised date of delivery/possession according to UPRERA is in the year of December-2025. RERA Registration No of Mahagun Marina Walk: UPRERAPRJ17532
As per Location
The Mahagun Marina Walk situated in the prime location of Noida Extension (Greater Noida West). It is located on the entry side 130 ft wide road of Buddha Chowk and surrounding with several residential societies, like The Cherry County, The Supertech Eco Village, The RG Residency, The Ajnara Home etc.
It’s a three side open corner plot with 100% visibility. The Mahagun Marina Wwalk, Noida Extension is properly visible to all passers coming from Kishan Chowk, Crossings Republik, Village Shahberi, and surrounding residential societies of the Buddha Chowk. So we can say that the location of the Mahagun Marina Walk is very impressive.
Drawbacks | Bad Factors
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects. This location already crosses the limit of commercial property development. Actually, at present, there is no need for any new commercial projects in this location of Noida Extension.
We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension (Greater Noida West).
There is no doubt that Mahagun Marina Walk, is a prime location project but in this prime location, several other under construction Mall type properties also exists, like, The Gaur City Centre, The Gaur City Mall, The Galaxy Diamond Plaza, The Boulevard Walk Mall, The Galaxy Blue Saphire Plaza, The IDI London Mart, The PKS Town Central, The Ufairia Mall, The Saya South-X, The NX-One, The Sarvottam Golden i etc.
All above-said commercial projects are within the 500-meter radius. And all these projects have the same products. All are commercial/retail/office space/serviced apartments/studio apartments/Mall type properties.
All above said commercial properties/projects are creating investment competition at this location.
There is a big gap in demand and supply. The supply is very high in comparison to demand of this same type of commercial products/projects/properties in this same location as the Noida Extension.
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.
These days Developer of Mahagun Marina Walk, offering many 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 carefully.
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.
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 Uttar Pradesh government. i.e. Noida Authority (Greater Noida Authority)
How much commercial property is needed and when it is needed the Uttar Pradesh 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 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 the project may depend on the sale of shops/spaces, so the project may be the delay.
The Mahagun India Private Limited is a reputed builder of Delhi-NCR. He has successfully delivered several residential & commercial projects in Ghaziabad, Noida, Greater Noida, and Greater Noida West area.
But Mahagun builder is not a committed builder in terms of timely construction and possession. The Mahagun builder has the poor record of completing their real estate projects in the set time frame.
The point to be noted that according to our experience that the investment in any retail commercial shop/project should be done only when its external structure is visible. Only just looking at the map or in the soft launch or pre-launch stage of any retail commercial project and investing in it, is very risky.
For a small investor, it’s better to go for small residential societies/sector markets of Noida Extension and visible/pickup road facing ground floor retail commercial shops.
The commercial project which will give possession first at this location of Kisan Chowk & Buddha Chowk of the Greater Noida West can give better returns in compression of other commercial projects of this location. So all Investments better growth depends on the possession first. Because of at present there are no ready to move Mall type property/project available in this location of Noida Extension.
If anyone wants to invest in this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties we advice prefer advance stage construction projects or ready to move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under construction projects of this location completely.
The Mahagun Marina Walk property is best suited if you are willing to hold onto a longer term for returns as it would take a very long time 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 early completion of this project, which seems fairly uncertain.
The Mahagun Marina Walk is probably not the right choice of investment for those who are looking for ROI in the next year or so. The project has a long way for completion, 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 Mahagun Mall are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.
Also Read: Review: Investment in Mahagun Mywoods Mart, Noida Extension Loss or Profit
The Kisan Chowk and Buddha Chowk of the Noida Extension have 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 Noida Extension.
We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension.
This is really very strange, that in the location of Kisan Chowk & Buddha Chowk, there is more than 50 Screen/multiplex proposed in this location of Noida Extension. Can’t Understand the logic behind 50 Screen for a new under developing locality. While if I compare this location to Indirapuram there are only three Mall and approx 12 screens. While the Indirapuram is a high-density population area.
There is no planning or re-planning for commercial development in this location of Noida Extension (Greater Noida West) area by the Uttar Pradesh government or can say that the failure of the government. Actually, I think, It’s a pre-planned to loot our hard earned money in the name of investment and growth.
So My Dear friends “Dikhave Pe Mat Jao Apni Akal Lagao …. It is Real Estate Not the Virtual Estate”.
Advantages | Good Factors
The ground floor main road facing retail shop of this project looks like the high street retail shops and properly visible and walkable. All main roads facing retail shop of Mahagun Mall can give good returns if they have the direct entry from the main roads. i.e 24 meter & 60 meter. Especially the 24-meter road facing shops.
Price | Lease Price
Right now commercial retail shops are available in the Mahagun Mall Mall at the price INR Rs 23K per sq ft on the ground floor, INR Rs 19K per sq ft on the first floor, INR Rs 18K per sq ft on the lower ground floor and INR Rs 13K per sq ft on the second floor plus other charges.
The Mahagun Marina Walk retail commercial shops/space price is slightly high in compression of other surroundings under construction commercial projects of the Kishan Chowk and Buddha Chowk of Noida Extension.
The investment in the Mahagun Marina Walk, Noida Extension may take a very long time to grow. Our advice, at present, investment in this project may be risky.
The investment of ground floor road facing 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