Review : Investment in Maya Garden Magnesia, Zirakpur, Chandigarh, Loss or Profit

Chandigarh

CPR Ratings

As per Location
The Maya Garden Magnesia is situated at Chandigarh Ambala Highway, Zirakpur (NH-22). It’s a 3-side open corner property all sides are wide roads. Maya Garden Magnesia is a gateway location to Haryana, Himachal, Chandigarh, and Punjab tourists.

Chandigarh international airport is at a distance of 18.6-Km from Maya Garden Magnesia (via Aerocity Road). The project is properly connected with the main points of Chandigarh & Zirakpur city. The Maya Garden Magnesia is very well connected to the residential sectors of Chandigarh.

Prominent institutions & schools are in the closest proximity such as Shemrock World, Manav Mangal Smart World Zirakpur, Government Senior Secondary School, etc. Major hotels such as Park Plaza, Ramada, Maryland, Mandarin, Regenta Almeida are also in close proximity.

The Maya Garden Magnesia is the central location of several high-density population areas of Chandigarh & Zirakpur. So the location of the Maya Garden Magnesia is excellent.

Possession | Construction Update
Maya Garden Magnesia is under construction. The promised date of delivery is in the year of September-2020. RERA Registration No PBRERA-SAS79-PC0022

Advantages | Good Factors
Maya Garden Magnesia is a project offering the perfect integration of retail, commercial and hospitality in a single compound. The project is appealing not just from a design and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “Maya Garden Magnesia” will have four different sections to it namely Hospitality, Business first, Leisure and Entertainment. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.

Maya Garden Magnesia is right in the middle of the high-density population area of Chandigarh Ambala Zirakpur Highway. There are more than 15-thousand flats and an urban rich residential population of more than 30-thousand peoples. And which is a very good sign for investment in this commercial project.

There are several urban rich residential group housing societies that are also in the close proximity of Maya Garden Magnesia such as Maya Garden City, Motiaz Royal Citi, Hollywood Heights 1, Savitry Greens, Green Lotus Avenue, Mona Aeroview Apartments, SUSHMA Chandigarh Grande, Shipra Capital City Zirakpur, etc.

The Maya Garden Magnesia is can be the finest places for shopping, fine dining, fun, masti, and entertainment at Chandigarh Ambala Zirakpur Highway. The project location, elevation, layout design is full of vigor and vitality.  It can be the finest place after completion where you can spend your leisure time with family and friends. There are wide corridors for walking and proper sitting arrangements. There are enough parking spaces in front of the commercial complex and in the basement. So there is no doubt that this commercial property is very good for investment purposes.

Maya Garden Magnesia has multiple entries and exit points. Multiple exits and entries point attract customers footfall quickly and provide maximum visibility/exposures to every retail area of the project. Which is also another approachable sign for investment in this project.

The layout design of commercial office space is very impressive. The office space is designed to meet international standards and designed to cater to every business.

The retail space is designed for maximum visibility.  The retail spaces are good for well established branded showrooms and as well as retail business startups.  The project has a world-class layout design and elevation.

The serviced apartments of Maya Garden Magnesia can be a good investment option if they are pre-leased to any reputed hospitality brand.

Overall, Maya Garden Magnesia is a one-stop-shop solution that suits every business from small to mid-sized modern industries who desire perfect retail/showroom/office space for their startup business projects.

Maya Garden Magnesia is the right choice of investment for those who are looking for ROI in the next year or so. They can get a real appreciation of value for resale in a couple of years.

Maya Garden Magnesia is very well connected to multiple public transportation facilities and other civic facilities. The project has proper parking spaces for visiting guests and stakeholders.

The overall layout design of the Maya Garden Magnesia is excellent, the quality of construction is also good.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-MAYA GARDEN MAGNESIA GRADING
Urban Rich Gentry Upper Middle Class, Middle Class. Residential societies within walking distance- Maya Garden City, Motiaz Royal Citi, Hollywood Heights 1, Savitry Greens, Green Lotus Avenue, Mona Aeroview Apartments, SUSHMA Chandigarh Grande, Shipra Capital City. A
Prime Location GOLD A
Connectivity Properly connected with multiple public transportations.
Airport-18.6Km (Chandigarh International Airport)
A
Layout Design Grand ceiling heights, full of vigor and vitality, excellent layouts, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space A
Multiple Entries Yes More than 6 Entries A1
Visibility Highly visible, 3-side open corner property, very wide frontage A1
High-Density population More than 25-Thousand Flats and 1-Lakh urban rich people within walking distance and can denser more in upcoming years. A
Youthful Footfall Yes A
Public Security Police Station -10-Minute
Fire Station 10-Minute
A
Industrial Area Within 3-Km A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Quality Construction. SILVER standard Developer B
Price Comparison High B
Competitors No Competitors A1
Expected ROI 6% to 7% Annually A

 

Advice
These days developers of the Maya Garden Magnesia, offering some attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss.

Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard-earned money in the name of the assured return to you in the form of EMI. Actually, they are making you fool.

Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.

Products & Developer
The Maya Garden Magnesia is under developing by the Barnala Builders. The project is consists of retail shops, office space, serviced apartments, hypermarkets, swimming pools, amphitheater, food courts & entertainment facilities.etc.

Builders Profile | Track Record

  Maya Garden Group, Zirakpur, builder,profile,track record
PREDECESSOR Barnala Builders
FOUNDED
FOUNDERS Satish Jindal, Madan Lal Jindal
KEY PEOPLE Deepak Jindal, Arun Jindal, Saurabh Jindal
COMPANY | PROMOTERS Maya Garden
PRODUCTS Commercial Offices, Shopping Malls, Retail
AREA SERVED Chandigarh-Zirakpur
PROJECTS COMPLETED Hollywood Plaza, Maya Garden Galleria
PROJECTS ONGOING Maya Garden Magnesia
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Updating soon
NET WORTH
STRENGTH
COMMITMENT ?
RISK Delay Possession
DEBT Yes
LITIGATION  Facing unfair trade practice charges in Indian courts
OFFICE ADDRESS Opposite Mc Donalds Chandigarh-Ambala highway
Zirakpur, Punjab 140603 India, Phone: 01762-661100, eMail: info@mayagardengroup.com
BUILDER CATEGORY
SILVER

The Barnala Builders has a good market reputation in real estate Chandigarh. He has successfully handover several residential projects in Chandigarh.

Price | Lease Price
Maya Garden Magnesia retail shops, office spaces, serviced apartments price starts at approx:-

CATEGORY SIZE (Sq Ft) PRICE (PSF)
Virtual Retail Space Min 250 10,500
Office Space Min 225 7000-8000
Serviced Apartments 526 6500-7000

SHOWROOM HIGHWAY FACING

FLOOR Size (Sq Ft) PRICE (PSF)
Lower Ground 1112 13,500
Upper Ground 1112 23,000
First Floor 1112 11,500
Second Floor 1112 9000

RETAIL SHOPS

FLOOR SIZE (Sq Ft) PRICE (PSF)
Lower Ground 562 13,000
Upper Ground 562 16,500
Upper Ground M Floor 562 12,000
First Floor 562 11,000
Second Floor 562 10,000

 

Conclusion
Overall, Maya Garden Magnesia is a good project for investment if you don’t trap in the assured return deals & lease guaranty payment plans. Without assured return, CLP payment plan is better for investment.  

The investors and business startups may get a minimum of 6% per annum returns after completion possession of the project. If the builder completes the project within the set time frame.

CPR Ratings

Investors Vote
[Total: 10 Average: 3.4]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

 

3 Comments

  1. Zhute promise

    Reply
    • Sir,
      Thank you for your valuable feedback. Sir can you please share your experience in detail?

      Reply
  2. Cheating at the time of assured return

    Reply

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