As per Location
The R-Tech Capital Highstreet is situated in Jagatpura Jaipur (Pink City). The project has multiple entries and exit points. It’s a 3-side open-prime location corner property. The project has a very wide frontage. The project is facing towards main Jagatpura road and properly visible and walkable to nearby residents and as well as Jagatpura road passers
The Jaipur airport is just 10-minutes away from R-Tech Capital Highstreet. The project is in the center of several posh residential townships.
The R-Tech Capital Highstreet is properly connected with the main points of Jaipur City The project is very well connected to multiple public transportation facilities and other civic facilities.
Possession | Construction Update
The project R-Tech Capital Highstreet is under construction. The promised date of delivery of the project is in the month of September 2019. The RERA completion possession date of this project is March-2021 The RERA Registration No of this project is RAJ/P/2017/045
Drawbacks | Bad Factors
Actually, the Jagatpura is a low-density population area, And low density is good for the living but not for commercial investment. The investment may take a very long time to grow.
There is a big gap in demand and supply. The Supply of such type of commercial projects/properties along with Jagatpura road is very high but the demand is very limited. So the investors may face problems in leasing or selling their retail shops & office spaces after completion possession of R-Tech Capital Highstreet.
The Jaipur city is well known for its tourism & handicraft business. But there is a lack of industries and other business houses. Already several ready to move prime location commercial office space projects/buildings are vacant in Jaipur city.
The prices won’t very much hike at least for a couple of years because of the huge unsold commercial property available at the outskirts areas of Jaipur city.
The construction and possession of this project may depend on the sale of shops/space so the project may be the delay.
The Jaipur is a much polluted City of Rajasthan.
ALSO READ: How to Double Your Money by Investing in Commercial Real Estate
Advantages | Good Factors
The ground floor commercial retail shops of R-Tech Capital Highstreet is very impressive. The investment in the ground floor road facing retail shops is the much better investment option in the compression of office space of this project.
4-Screen multiplex is an added advantage of this project. Actually, at present, there is no any multiplex facility available in Jagatpura areas. And that is a very big plus point of this project.
The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests.
Advice
This property is best suited if you are willing to hold onto a longer term for returns as the real estate market would take a couple of more years 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 1-2 KM. And this is subjected to the real estate market appreciation.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of year. In fact, investors who are trying to make a re-sale of their property in the R-Tech Capital Highstreet hardly get any client despite their price downs.
Investment Tips Before investing in commercial real estate, it is better to decide why you are investing. Actually, there are two types of investors, the first one who buys retail shops or office space for self-use and the second one who bought it for pure rental income and sell when getting some appreciation. So if you are buying it for your self-use, you can buy any size according to your uses, but if you are buying it for pure rental or appreciation income, then go for virtual space or buy at least minimum 1000 sq ft carpet area, because if you buy a small shop or office space for rental income you hardly get any brand to lesae out your space. The brands or multinational companies want the bigger space for their operations. And there are several must require things such as dedicated bigger parking spaces, negotiations in CAM charges, specific signage, dedicated power backup, bigger space in a single floor plate, and several must require NOCs, which are very difficult to arrange by a small or individual investor. So that, before investing in any commercial project, talk to the developer, that you won't buy it for self-use, but for pure rental income, and handover/responsible it for the developer to lease out. Otherwise, you won't get your expected appreciation or may get delayed appreciation or loss.
Product & Developer
The R-Tech Capital Galleria project is under developing by the R-Tech group (Jaipur). It,s a purely commercial property. The project is consists of commercial retail shops, commercial office space, food courts, 4-screen multiplex & entertainment facilities, etc.
Builders Profile | Track Record
 |
|
| PREDECESSOR | R-Tech Properties Private Limited |
| FOUNDED | 2005 |
| FOUNDERS | Rajesh Yadav |
| KEY PEOPLE | Rajesh Yadav, Goyal Vikas, Poonam Yadav |
| COMPANY | PROMOTER | R-Tech |
| PRODUCTS | Apartments, Retail |
| AREA SERVED | Jaipur, Alwar, Bhiwadi |
| PROJECT COMPLETED | |
| PROJECTS ONGOING | R-Tech Capital Galleria, R-Tech Capital Highstreet |
| DELIVERY TRACK RECORD | Not very satisfactory |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Quality construction |
| RISK | Delay Possession |
| DEBT | Yes |
| LITIGATION | Updating soon |
| OFFICE ADDRESS | Plot No.44, 1st Floor, Sector-44, Gurgaon, Haryana-122003, India. Phone: 1800 103 4588, e-mail: info@rtechgroup.co.in |
| BUILDER CATEGORY | SILVER |
Price | Lease Price
R-Tech Capital Highstreet retail shops & office space price start at approx:-
| FLOOR | UNIT TYPE | PRICE (PSF) |
| Lower Ground | Retail Shop | 8250 |
| Ground Floor | Retail Shop | 9500 |
| First Floor | Retail Shop | 7250 |
| Second Floor | Retail Shops | 7000 |
| Third Floor | Kiosks | 7250 |
| 4Th to 7Th Floor | Office Suites | 5250 |
| ADDITIONAL CHARGES | PRICE |
| PLC Main Raod Facing | 5% to 10% of BSP |
| Atrium/Plaza/Corridor Facing | 5% of BSP |
| Corner PLC | 5% of BSP |
| IFMS | 100 PSF |
| Power Backup (Min-2KVA) | 35,000/- Per KVA |
The price is slightly high for investment.
Conclusion
Actually, the investment may take a very long time to grow in the R-Tech Capital Highstreet. The Multiplex is an added advantage, overall invest carefully.
CPR Ratings
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