Review : Investment in ILD Mall, Sector 47, Sohna Road, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
We can see the location of this mall with two logical points.
The first one: The ILD Trade Center(ILD Mall) is located on main Sohna road. ILD Mall is 100% visible to all passers from the Sohna Road and nearby sector roads. So we can say that the location of the Raheja Mall, Gurugram is very impressive.

Second One: There are more than 6 mega commercial Mall type properties side by side, And in this considerateness, the location of the ILD Mall is very bad.

Possession
The ILD Trade Center (ILD Mall) is in the services since the year 2012.

ILD mall, sector 47, sohna road, gurgaon

Drawbacks | Bad Factors
The ILD Trade Center location is prime but in this prime location, several other prime location Mall type commercial properties exist such as Raheja Mall, Orchid Business Park, JMD Galleria, JMD MegaPolis,  Spaze Platinum Tower, and  Spaze Boulevard, etc. All above-said projects are in the services for more than five years.

All above-said projects are within a radius of 100-meter and all these Mall type properties are creating investment competition. There is a big gap in demand and supply. The supply is very high in comparison to the demand. So at present, the investors can face problems in leasing and selling their commercial shops and office spaces in all the above commercial projects.

Mostly, retail shops & office spaces are vacant in The ILD Mall. Many shops are sealed by the MCG (Municipal Corporation of Gurugram) for nonpayment of property tax in ILD Mall & Raheja Mall.

The Maintenance cost is high in this Mall, but the maintenance facilities like hygiene and cleanness are very poor.

The Maximum Mall or Mall type properties are not the good and safe investment options in the Gurugram and Delhi area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls is running fine in Gurugram and Delhi area such as Ambience Mall, DLF Mega Mall, MGF Metropolitan Mall, and Select City Walk, Saket, New Delhi, etc otherwise all other Mall type properties are the investment of 99% loss.

Advice
For the commercial retail shop, investment avoids all above-said projects completely. For a small investor, it’s better to go for small residential sector markets and visible/pickup road facing ground floor retail commercial shops in a high-density residential area.

Reason being not working fine
Actually, in this location of Sohna Road, Mostly residential societies have their own retail shop market to cater to daily needs and other retail needs of their residents. So that’s why The ILD Mall retail space and other Mall type properties/projects are not working fine.

Products & Developer
The ILD Trade Center (ILD Mall) is situated in the sector-47, Sohna Road, Gurugram. This project is developed by the ILD Group. It’s a commercial project. The ILD Trade Center consists of commercial retail shops and office spaces

Price | Lease Price
ILD Trade Center (ILD Mall) retail commercial shops, office space sale/lease price start at approx:-

UNIT TYPE PRICE (PSF) LEASE PRICE (PSF)
Retail Shops 11,000-14,000 60-100
Office Space 5500-6500 40-50

The price may vary on floor, location, asking price and demand.

Conclusion
Actually, in this location of Sohna Road, there are oversupply commercial spaces. Our advice, investment in all the above said commercial projects/properties may not wise.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

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