As per Location
The M3M Urbana Premium is situated in the sector-67, Golf Course Extension Road, Gurgaon. It’s a 2-side open corner plot. Both sides are wide roads. The project is properly visible to maximum passers from the Golf course extension road and adjoins main roads.
M3M Urbana Premium is surrounded by several urban rich ready to move residential societies. So can say that the location of the M3M Urbana Premium is very impressive.
Possession | Construction Update
The M3M Urbana Premium Mall is under construction. The promised date of delivery/possession is in the year of January 2020.
Drawbacks | Bad Factors
Sector 61, 62, 67 and sector 66, is already cross the limit of commercial property development. Actually, at present, there is no need for any new commercial projects in the Golf Course Extension Road.
We Strongly advise, Avoid completely new launch, soft launch and primary stage under construction commercial projects of the Golf Course Extension Road, Gurgaon.
It is fact that M3M Urbana Premium is a prime location of Golf Course Extension Road of Gurgaon. But within a radious of 500-meter there are than 10-mega commercial commercial projects is also exists such as M3M Cosmopolitan, M3M Urbana, Emaar MGF The Palm Square, Emaar MGF Digital Greens, Emaar MGF Emrald Plaza, Spaze Buziness Park, M3M Tee Point, M3M International Financial Centre, M3M 65th Avenue, AIPL Joy Street, AIPL Joy Central, Elan Town Centre, etc.
All the abvoe said commercial properties/projects are creating investment competition at this s location. There is a big gap in demand and supply. The supply is very high in comparison to demand. So in future and in present time, investors may face a very tuff comptetion in leasing and selling their retail shops, office space,servicesd apartments etc.
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 Haryana government (GMDA)/HUDA.
How much commercial property is needed and when it is needed, Haryana 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 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.
The construction and possession of this kind of project depend on the sale of shops/space, so the project may be the delay.
The prices won’t very much hike at least for a couple of years because of the huge unsold commercial property on the Golf Course Extension Road, Gurugram.
If anyone wants to invest in the Golf Course Extension Road commercial properties we advice prefer ready to move or advance stage construction projects.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts of the market to appreciation in the locality, 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 M3M Urbana Premium are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.
These days the developer of the M3M Urbana Premium, offering many attractive schemes to customers to invest in this property, like the 12% assured return, lease guaranty, and other greedy payment plans etc.
Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price to you and return your hard earned money in the name of the assured return & monthly rent to you in the form of EMI.
Actually, the assured return plan is a trick of fundraising. The Real estate developer sells its non-salable property with a greedy plan on a very higher price, to innocent customers in the name of assured return. They are making you fool.
Ready to move M3M Urbana and under construction AIPL Joy Street is the much better project for commercial property investment in Golf Course Extension Road.
We Strongly advise, Avoid completely new launch, soft launch and primary stage construction commercial projects of the Golf Course Extension Road, Gurgaon Sector projects.
Advantages | Good Factors
The layout design of commercial office space is very impressive. The office space is well furnished and designed to cater to every business.
There is proper parking space for stakeholders and visiting guests. The M3M Urbana Premium is GMDA (Gurugram Metropolitan Development Authority) approved, so there is no legal hassle in this project.
Products & Developer
The M3M Urbana Premium is under developing by the M3M India Private Limited. M3M Urbana Premium consists of commercial retail shops. Commercial office spaces, Food courts, Multiplex and entertainment facilities, etc.
Builder Profile | Track Record
|PREDECESSOR||M3M India Limited, M3M India Private Limited|
|FOUNDERS||Roop Kumar Bansal, Basant Bansal|
|KEY PEOPLE||Pankaj Bansal|
|COMPANY | PROMOTERS||M3M|
|PRODUCTS||Apartments, Commercial Offices, Shopping Malls, Hotels, Retail, Lesure & Hospitality|
|AREA SERVED||Delhi, Gurgaon|
|PROJECTS COMPLETED||M3M Urbana, M3M Tee Point, M3M Cosmopolitan|
|PROJECTS ONGOING||M3M IFC, M3M Broadway, M3M Urbana Premium, M3M 65th Avenue, M3M Prive 73, M3M Corner Walk, M3M My Den, M3M Sky Lofts|
|DELIVERY TRACK RECORD||Poor, delay possession|
|COMMITMENT||Quality Construction, state of the art project, finest layout design|
|LITIGATION||Unfair Trade Practice Charges, RERA Complaints|
|OFFICE ADDRESS||6th Floor, ‘M3M Tee Point’, Sector 65, Gurugram Manesar Urban Complex, Gurugram (Gurgaon) 122101, Haryana, India.
Tel: +91 124 4732000 Toll Free: 1800 123 3333 Fax: +91 124 4732010
Price | Lease Price
M3M Urbana Premium retail shops, office space price starts at approx:-
|FLOOR||SIZE (Sq Ft)||PRICE (PSF)|
|Second Floor||Food Courts||12,500|
The price is already on the higher side for investment and there are not very much scope for early growth.
The investments of M3M Urbana Premium may take more than 7-years to grow or even more. So invest carefully.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH