As per Location
RED Mall is at Main GT Road, Ghaziabad. The project is right in the junction of 2-National highways and several link roads such as Meerut road, NH-24 highway, NH-58 highway, GT Road and NH-24 to GT Road link road.
Red Mall is at the front of New bus stand Shahid Nagar Metro Station. The Mahamaya Sports stadium is also adjoining to this property. Overall, RED Mall is an approachable location commercial project.
Possession
The RED Mall is in the services since August 2017. But at present due to some illegal documentation/land issues, the Mall has been sealed by GDA.
Advantages | Good Factors
Already several brand showrooms are working in RED Mall such as Cinepolis cinema, SaveMax Supermarket, Life Style, Pantaloons, EOD, food court, etc. Mostly retail shops/space are unsold in the RED Mall. At present the developer of the RED Mall, Ghaziabad launches some retail shops named the NEW CHANDNI CHOWK High Street Market.
Drawbacks | Bad Factors
RED Mall is surrounding with, several urban poor residential colonies such as Patel Nagar, Kaila Bhatta, Islam Nagar, Hindon Vihar, Nand Gram, Ghukna Village, Shibbanpura, Sewa Nagar, Delhi Gate, etc. Maximum people staying in these colonies are not financially sound, so they aren’t preferred to shopping in the RED Mall.
The gentry of the region is most important to run a Mall successfully. The locality of the RED Mall area is an urban poor and villagers of unauthorized colonies. There is a limited high class and upper-middle-class gentry surrounded by RED Mall. That’s why the RED Mall will not working fine.
The RED Mall has a very small frontage.
Maximum Mall or Mall type properties are not the good and safe investment options in the Ghaziabad, Noida and Greater Noida area. The maximum investors who invested in Mall type properties are in 99% loss.
Actually, only a few Malls is running fine in Ghaziabad, Noida and Greater Noida area such as Shipra Mall, GIP Mall, DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss
There may be some legal problems in this property. So before investing check all legal papers related to this property.
Products & Developer
The RED Mall is 11-acre freehold commercial project/property with 10 lacs square ft. area. It is located on the GT Road, Ghaziabad. This Mall is developed by the RED Solutions private limited. It’s a commercial Mall type property. The RED Mall consists of retail commercial shops, food courts, multiplex and entertainment facilities.
Price | Lease Price
RED Mall retail shops sale/lease price starts at approx:-
| FLOOR | PRICE (PSF) | LEASE PRICE (PSF) |
| Ground Floor | 12,000-14,000 | 60-80 |
| Upper Ground | 9000-11,000 | 40-60 |
ConclusionÂ
The investment may take a very long time to grow in RED Mall. Our advice invests carefully. There may be some legal problems in this property. So before investing check all legal papers related to this property.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH
True feedback ‘ investment in red mall is a dead investment
Location is good but locality is very dirty
True feedback, I purchased a shop in red mall one year ago, in assured returan payment plan, and after possession lease guranty .
Builder gives us assured return for first 3 months only, and after 3 month I got nothing…. its realy a dead
I approched builder to by back my shop… but he refused.
Locality of Red mall is very poor, its nearby colonies like islam nagar, kaila bhatta, sewa nagar, shibbanpura, hindon vihar etc r urban poor.
Now can any one suggest me how to recover my loss
I am staying in islam nagar, red mall really a dead investment, I also purchased a commercial shop here , I got nothing, no appreciation
I HV shop in this project , no return, red mall, dead investment
Any resale property in RED Mall, Ghaziabad, Phase I or II, on the ground and first floor, please contact on 8279886610