Review : Investment in Wave One, Sector 18, Noida, Loss or Profit

As per Location
The Wave One is situated in the best commercial sector of Noida. The sector 18 Noida is almost fully developed sector, with all type of transportation facilities. The Wave One is a 4-side open corner property.

The project is just walking distance from sector-18 Noida metro station. So can say that the location of the Wave One, sector 18, Noida is very impressive.

Possession | Construction Update
This is the most uncertain query of this project. Wave One project was started in the year of 2011 and the possession date was set for the year of December-2014. But the project is still under construction.  After RERA come in force, the revised possession date is June-2020. RERA Registration No UPRERAPRJ3444

Drawbacks | Bad Factors
Sector 18 Noida is already cross the limit of commercial development many years ago. At present, there is no need for any new commercial project in this area.

There is a big gap in demand and supply. The supply is very high in comparison to demand. Already several big brands Mall exists in sector 18 Noida such as GIP Mall, Center Stage Mall, and  DLF Mall of India, etc.

The Supply of commercial office space is also very high in sector 18 Noida in comparative to demand, already several commercial office space buildings are vacant in this are.

At present, sector 18, Noida is a very crowded place, and parking is a very big problem here. So the investment in this project retail shops may not very fruitful.

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 such as Shipra Mall, GIP Mall, DLF Mall of India etc otherwise all other Mall type properties are the investment of 99% loss.

Advice
If anyone wants to invest in the Wave one commercial retail shops, our advice choosing ground floor main road facing shops, because all ground floor main road facing shops are properly visible/walkable and approachable for customers/visitors, these ground floor main road facing shops has direct entries.

Products & Developer
This project is under developing by the Wave Infratech Private Limited. The project consists of commercial retail shops, office space, food courts, and multiplex etc.

Builders Profile | Track Record

PREDECESSOR	Chadha Infrastructure Developers Private Limited
FOUNDED	2008
FOUNDERS	Gurdeep Singh (Ponty) Chadha
KEY PEOPLE	Harmandeep Singh Kandhari, Manpreet Singh Chadha
COMPANY | PROMOTERS	Wave Infratech Private Limited
PRODUCTS	Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail, Multiplexes
AREA SERVED	Ghaziabad, Noida, Chandigarh
PROJECTS COMPLETED	Wave Silver Tower
PROJECTS ONGOING	Noida:- Wave City Centre ( Wave Metro Mart, Wave Livork, Wave High Street Shop Condominiums), Wave One Ghaziabad: Wave City Greater Mohai:- Wave States
PROJECTS UPCOMING
DELIVERY TRACK RECORD	Very Poor
NET WORTH
STRENGTH
COMMITMENT	Zero
RISK	Delay possession, the investment can be stuck, long wait
DEBT	Yes
LITIGATION	Facing Unfair trade practice charges in Indian courts
OFFICE ADDRESS	Corporate Office Wave Infratech Pvt. Ltd. C – 1, Sector – 3, Noida – 201301, (U.P), Tel: +91-120-4180500, eMail: customercare@waveinfratech.com
BUILDER CATEGORY	BRONZE

 

Price | Lease Price
Wave One retail shops and office space are available in sale and resale at the price approx:-

FLOOR	CATEGORY	PRICE (PSF)
Ground Floor	Retail Shop	35,000
Lower Ground	Retail Shop	25,000
First Floor	Retail Shop	27,000
Second Floor	Retail Shop	24,000
Third Floor	Retail Shop	20,000
Above 5th Floor	Office Space	11,000

The price is very high for investment in the retail shop and office space, but investment on the ground floor main road facing shops may give excellent returns.

Also Read : Review : Investment in Wave High Street Shop Condominiums, Noida, Loss or Profit
Also Read : Review : Investment in Wave Metro Mart, Retail Shops, Sector 32, Noida, Loss or Profit
Also Read : Review: Investment in Wave Silver Tower, Sector 18, Noida, Loss or Profit
Also Read : Review : Investment in Wave Galleria, Wave City, Ghaziabad, Loss or Profit

Conclusion
The investment on the ground floor main road facing retail shops of Wave One may get a minimum of 6% per annum return after completion/possession of this project.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH