As per Location
The Omaxe India Trade Center is located at the main road of the Alpha Commercial Belt. It’s a corner 2-side open commercial property. This project is along with the Metro Track, and walking distance from Alpha Commercial Belt Metro Station.
The Omaxe ITC is just 5-minutes drive from famous Pari Chowk & Noida Greater Noida Expressway. The Project is also very close to several government offices such as Greater Noida Authority, UP Pollution Control Board, Sub Registrar Gautam Budh Nagar, RERA Office Greater Noida, Yamuna Expressway Industrial Development Authority, etc. Overall, the Omaxe India Trade Center is an approachable location project.
Possession
The Omaxe India Trade Center is under construction. This project is already delayed by more than 3-years but now a day the Omaxe builder is in the position to give the possession within 6 to 7 months.
Drawbacks | Bad Factors
Actually, the Greater Noida is a low-density population area and low-density is good for the living but not for large-scale commercial developments and the Alpha Commercial Belt Greater Noida already cross the limit of commercial property developments many years ago.
Actually, from Alpha Commercial Belt to Delta One metro station (Along with Metro Track) has oversupplied commercial project. There is a big gap in demand and supply. The supply is very high in comparison to demand. Alpha commercial Belt is already sufficient to cater to the daily shopping needs and other commercial needs of the nearby residents of nearby localities. Already several big brands retail stores working fine in the Alpha Commercial Belt, commercial complexes such as Domino’s Pizza, Pizza Hut, Patanjali Mega Store, Kotak Mahindra Bank, Samsung Mobile Store, IndusInd Bank, Axis Bank, and many more, etc.
Already several office spaces and retail spaces are vacant and available for sale and lease in Alpha Commercial Belt commercial complexes. And which is in the services for more than ten years. At present, there is more than 40 percent of retail space are vacant in the Alpha Commercial Belt.
Key Point
The Greater Noida is a well-planned city. There are so many well planned residential townships, flats, societies, Schools, colleges, and universities, but there are no industries, manufacturing units, and other business industries. There is a lot of hooliganism in the Greater Noida that’s why it is difficult to do business here. We can say that the Greater Noida is no gentlemen’s land.
The maximum residential societies/flats are vacant or low population density and most of these are college students. At present, the Greater Noida has become an education hub.
Products & Developer
The Omaxe India Trade Center is under developing by Omaxe Limited. The Omaxe India Trade Center consists of retail shops, office space, hotels, and fully furnished Serviced Apartments, etc.
Builder Profile | Track Record
 |
|
| PREDECESSOR | Omaxe Limited |
| FOUNDED | 1989 |
| FOUNDERS | Rohtas Goel |
| KEY PEOPLE | Mohit Goel, Sudhangshu S. Biswal, Gurnam Singh, Devidas Kashinath Kamble |
| COMPANY | PROMOTERS | Omaxe |
| AREA SERVED | PAN INDIA:- Chandigarh, Faridabad, Indore, Greater Noida, Ludhiana, Noida, Lucknow, Jaipur, Sonipat, Vrindavan, Prayagraj, Ghaziabad, Amritsar, Delhi, Gurgaon |
| PRODUCTS | Apartments, Villas, Commercial offices, Shopping Malls, Retail, Hotels, Multiplex, Golf courses |
| PROJECT COMPLETED | World Street, Faridabad Omaxe City Street Market, Jaipur Shubhangan Street Market, Jaipur Omaxe Celebrations Mall, Gurgaon India Trade Center, Greater Noida Omaxe City Center, Gurgaon Omaxe Gurgaon Mall, Gurgaon Omaxe Plaza Indirapuram, Delhi Omaxe Mall, Patiala Omaxe Value Mall, Amritsar Omaxe SRK Mall, Agra Omaxe Central Market RC-7, Jaipur Omaxe City- Omaxe Plaza, Sonepat Omaxe Avenue, Lucknow Omaxe Hazratganj, Lucknow Omaxe Novelty Mall, Amritsar Omaxe Palm Court, Greater Noida NRI City Center, Greater Noida Omaxe Arcade, Greater Noida Pearls Omaxe, Delhi Omaxe Square, Delhi Omaxe Galleria, Bahadurgarh Omaxe City Gate, Bahadurgarh Omaxe Plaza, Ludhiana Omaxe Royal Arcade, Ludhiana |
| PROJECTS ONGOING | Omaxe Chowk, Delhi Beacon Street, New Chandigarh Krishna Crest, Vrindavan Omaxe Hi Fun, Faridabad Royal Street, Faridabad Clockton High Street, New Chandigarh Holiday Inn, New Chandigarh India Trade Tower, New Chandigarh International Trade Tower, New Chandigarh Omaxe Connaught Place, Greater Noida |
| DELIVERY TRACK RECORD | Delay Possession |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Quality Construction |
| RISK | Delay Possession, long wait |
| DEBT | Defaulter (The builder is in the defaulter list of Noida & Greater Noida Authority) |
| LITIGATION | Facing unfair trade practice charges in Indian courts |
| OFFICE ADDRESS | CORPORATE OFFICE Omaxe House, 7, LSC, Kalkaji, New Delhi – 110019 (India) |
| BUILDER CATEGORY | GOLD |
Price | Lease Price
Omaxe India Trade Center fully furnished serviced apartments & retail space price starts at approx:-
| UNIT TYPE | FLOOR | PRICE (PSF) | LEASE PRICE (PSF) |
| Serviced Apartments | 3rd and above | 6000-6500 | 15,000-20,000 Per Month |
| Retail Shop | Ground Floor | 16,000-17,000 | 100-120 |
| Retail Shop | Upper Ground | 10,000-11,000 | 70-80 |
| Retail Shop | First Floor | 8000-9000 | 50-60 |
The price is reasonable for investment.
Conclusion
Actually, the investment may take a very long time to grow. The serviced apartments of Omaxe ITC can be a good investment option if they are pre-leased to any reputed hospitality brand.
CPR Ratings
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH
Ravinder Bhati
Actually the investments condition of the commercial property especially office space and retail shop is very bad in the greater noida, there is no resale in the alpha commercial belt
Really there is a very big gap in demand and supply.
Now there is no need for more new commercial property or projects
Sunil choudhary
Golf course, green belts, is no mean for commercial investment, avoid greater Noida for commercial investment
The Omeax and the supertech is fraud builder
Mahendra
Very near to Delta-1 Metro station. The project is comming up well though bit delayed. Omaxe ITC will provide much needed place of stay for people participating in different functions held at ExpoMart and other events in Greater Noida and Yamuna Expressway. They have collaborated with AmericInn, bread and basket brand owned by one of the largest US based hotel groups Wyndham. The office spaces in ITC are very small, not sure what purpose they are supposed to serve, apart from brokers of different real estate firms opening their office here. Shops should do good though most of them are small in size. With the logistic hub comming up at Dadri and transport hub comming at Boraki, ITC’s significance will increase further especially since both of those hubs is planned to be connected by metro, but that is a good 5-7 years from now. Other positive factor is Greater Noida developing as India’s number one Mobile manufacturing destination. Expect a lot of visitors, who will need short to mid term stay.
Ashish
Plz provide your view on Migsun Wynn Commercial Shop
Thankyou