Review : Investment in Omaxe World Street, Sector 79, Faridabad, Loss or Profit

Faridabad

CPR Ratings

As per Location
Omaxe World Street, the commercial complex is situated in the main connecting road of sector 79 Faridabad. This retail commercial complex has wide frontage. The project is properly visible and walkable. So the location of the Omaxe World Street market is very impressive.

It is the only retail commercial complex for thousands of families of the Omaxe Royal Residency residential project. We can say that this is the best location market for the daily needs of nearby residential societies.

Possession | Construction Update

Construction Status A half portion of Omaxe World Street is in the services since the year-2019.
Launch/Start Date 1-10-2018
Possession Date (RERA) Complete Project- December-2021
RERA Registration No Omaxe World Street- 114 OFF 2017 DATED 28.8.2017
Construction Stage Ongoing Phase – 3 & 4
Construction Company Omaxe Limited
Promoter Name Robust Buildwell Private Limited
Land Area 50 Acre
Live Updates

 

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Advantages | Good Factors
The layout design of Omaxe World Street is very impressive. All the retail shops are perfectly designed for maximum visibility. This is the only high street market which caters  to Omaxe Royal Residency society and nearby residents of sector-79 Faridabad,

Omaxe World Street is a place where you can spend leisure time with shopping. There are wide corridors for walking and proper sitting arrangements. There are enough parking spaces in front of the commercial complex. Omaxe World Street is perfectly maintained.

Omaxe World Street has multiple entries and exits points. Multiple entries and exits points attract customer/visitors 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 Omaxe World Street is a place in Faridabad that is designed to become the center of its life where people love to work, shopping, hospitality & leisure time in without a second thought, always want to stay close to, navigate the region and sometimes even measure the entire city through it. It’s a photographic location in Faridabad. Its architecture makes you feel like you are in Europe.

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Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-OMAXE WORLD STREET GRADING
Urban Rich Gentry Middle Class, Lower Middle Class. Adjoined Omaxe Royal Residency A
Connectivity Properly connected with multiple public transportation facilities B
Layout Design Very Impressive, Highly visible retail. A
Multiple Entries Yes A
Visibility Eye-catching visibility A
High-Density Population No B
Youthful Footfall Several institute and college in close vicinity B
Public Security Police Station -a 15-Minute drive A
Industrial/Institutional Area within 3-Km A
Urban/Civic Facilities Maximum facilities available B
Developers Credibility Quality Construction & Maintenace. GOLD standard Developer A
Price Comparison Competitive Price A
Competitors A-few competitors A
Expected ROI 5% to 6% Annually A

 

Advice
The Omaxe World Streetcommercial complex is can be the right choice of investment for those who are looking for ROI in the next year or so. They may get a real appreciation of value for resale in a year.

Omaxe World Street, Sector 79 Faridabad

Products & Developer
This commercial complex is under development by the Omaxe group. This commercial complex consists of retail shops and office space etc.

Builder Profile | Track Record

  Omaxe, builder,profile,track record
PREDECESSOR Omaxe Limited
FOUNDED 1989
FOUNDERS Rohtas Goel
KEY PEOPLE Mohit Goel, Sudhangshu S. Biswal, Gurnam Singh, Devidas Kashinath Kamble
COMPANY | PROMOTERS Omaxe
AREA SERVED PAN INDIA:- Chandigarh, Faridabad, Indore, Greater Noida, Ludhiana, Noida, Lucknow, Jaipur, Sonipat, Vrindavan, Prayagraj, Ghaziabad, Amritsar, Delhi, Gurgaon
PRODUCTS Apartments, Villas, Commercial offices, Shopping Malls, Retail, Hotels, Multiplex, Golf courses
PROJECTS COMPLETED AMRITSAR:- Omaxe Value Mall, Omaxe Novelty Mall
AGRA:- Omaxe SRK Mall
BAHADURAGARH:- Omaxe Galleria, Omaxe City Gate
DELHI:- Pearls Omaxe, Omaxe Square
FARIDABAD:- World Street, Faridabad
GURGAON:- Omaxe Celebrations Mall, Omaxe City Center, Omaxe Gurgaon Mall,
GREATER NOIDA:- India Trade Center, Omaxe Palm Court, NRI City Center, Omaxe Arcade, Omaxe Connaught Place
GHAZIABAD:- Omaxe Plaza Indirapuram
JAIPUR:- Omaxe City Street Market, Shubhangan Street Market, Omaxe Central Market RC-7
LUCKNOW:- Omaxe Avenue, Omaxe Hazratganj
LUDHIANA:- Omaxe Plaza, Omaxe Royal Arcade, Ludhiana
PATIALA:- Omaxe Mall
SONEPAT:- Omaxe City- Omaxe Plaza
PROJECTS ONGOING Omaxe Chowk, Delhi
Beacon Street, New Chandigarh
Krishna Crest, Vrindavan
Omaxe Hi Fun, Faridabad
Royal Street, Faridabad
Clockton High Street, New Chandigarh
Holiday Inn, New Chandigarh
India Trade Tower, New Chandigarh
International Trade Tower, New Chandigarh
DELIVERY TRACK RECORD Delay Possession
NET WORTH
STRENGTH
COMMITMENT Quality Construction
RISK Delay Possession, long wait
DEBT Defaulter (The builder is in the defaulter list of Noida & Greater Noida Authority)
LITIGATION  Facing unfair trade practice charges in Indian courts
OFFICE ADDRESS  CORPORATE OFFICE
Omaxe House, 7, LSC, Kalkaji, New Delhi – 110019 (India)
BUILDER CATEGORY GOLD

The Omaxe builder has a good market reputation in the real estate industry. He has successfully delivered several residential and commercial projects in PAN India.

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Price | Lease Price
Omaxe World Street retail shops, office space price starts at approx:-

UNIT TYPE SIZE(Sq Ft) PRICE (PSF) LEASE PRICE (PSF)
Retail Shops 200-1000 8500-12,500 40-50
Office Space 200-1000 Updating soon

The price is reasonable for investment.

Conclusion
The Omaxe World Street commercial complex is good for retail business startups.
The investors and retail business startups may get a minimum of 6% per annum returns. And can grow more in the future.

CPR Ratings

Investors Vote
[Total: 17 Average: 3.4]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

2 Comments

  1. Pl share the details of restaurant retail shop

    Reply
  2. Mr Suninder Sanda is a BIG CHEAT.
    He has cheated more than 600 investors of Karvy Private Wealth.
    Many Criminal cases are filed for Cheque Bouncing and other cheating.
    Cases are filed at NCLT, High Court New Delhi and also with Supreme Court of India.
    Please don’t invest and get cheated.

    Reply

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