As per Location
This project/property is situated in a very prime location, of the central Noida. This property is at the front of sector 50 Noida Metro Station. This commercial property is just opposite to the posh sector 50 Noida. This project is very well connected to all types of public transport facilities and other civic facilities.
The Spectrum Metro is a very prime location commercial project, and it’s only centralized air-condition commercial Mall type project in this area that caters a huge urban rich residential crowd of several posh sectors of central Noida such as 74, 75, 76, 77, 78, 79, 112, 116, and sector 117. Overall, It’s an ultimate location commercial project.
Possession | Construction Update
|Construction Status||Block B & C (Phase 1) are ready for possession, Phase-2 & 3 Under construction|
|Launch/Start Date||Phase 1- December-2015
Phase 2 – July-2018
Phase 4 – June-2019
|Possession Date||Block C&D -December-2020 – Completed
|RERA Registration No||Spectrum Metro Phase-1 – UPRERAPRJ6018 (Block C &D)
Spectrum Metro Phase-2 – UPRERAPRJ17035
Spectrum Metro Phase-3 – UPRERAPRJ427696 (Block A&E)
|Construction Stage||Ongoing Phase – 2 & 3|
|Construction Company||M/S Bam Bam Construction|
|Architect Name||Vishal Mittal|
|COVID-19 Lockdown Status||COVID-19, an event of ‘Force Majeure’. Completion date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.|
Advantages | Good Factors
The Spectrum Metro 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 “Spectrum Metro” 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.
All the retail shops of all floors are perfectly designed for maximum visibility. The project is full of vigor and vitality. The ground floor commercial retail shops of Spectrum Metro has a clear ceiling height of 22-Ft. Which feels a grand attraction. The ground floor retail shops are good for well-established retail brands. The investment in the ground floor retail shops is good for retail business startups and for regular rental income. The project has a very wide frontage approx 1-Kilometer. Overall, Spectrum Metro is ideally a perfect combination of location, layout, and planning. This project has a very wide frontage, approx one kilometer.
Spectrum Metro has multiple entries and exit points. Multiple exits and entry points attract customers/visitors quickly and provide maximum visibility/exposures to every retail area of the project. Which is a very good sign for commercial property investment.
The Spectrum Metro is right in the middle of the high-density population area of Central Noida and can denser more in upcoming years. There are more than 60-thousand flats and an urban rich residential population of more than 2-Lakh peoples. And the Spectrum Metro is the only mega commercial project at this location. And which is a very good sign for commercial property investment.
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. The overall layout design and location of Spectrum Metro is excellent.
The Spectrum Metro can be the right choice of investment for those who are looking for ROI within a couple of years or so. They can get a real appreciation of value for resale in a couple of years. After completion the Spectrum Metro can be a famous Hotspot of Delhi-NCR.
The biggest plus point of the Spectrum Metro project is that this is the only mega Mall project in sectors 74, 75, 76, 77, 78, 79, 112, 116, and sector 117 of Noida. So there is no other competitor for the Spectrum Metro project. Which is also a very good sign for commercial property investment
Another biggest plus point of Spectrum Metro is that the project has direct Pedestrian entry from the main metro station road. Which ensure customers footfall quickly.
The project has proper parking spaces for stakeholders and visiting guests. The project is very well connected to the main points of Noida, Greater Noida, Ghaziabad and Noida Extension. Pedestrian entry
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-SPECTRUM METRO||GRADING|
|Urban Rich Gentry||High Class, Upper Middle Class. Within 500-Metter, ATS, Saha, Mahagun, Panchsheel, Prateek, Supertech, Ajnara, Antriksh, Amrapali, and many more||A|
|Connectivity||10-Minute drive from- Kisan Chowk, NH-24, Sector 121 Noida.
Nearest Metro Station Walking distance (Sector 50)
Domestic Airport-23Km (Hindon Airport)
|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||A1|
|Multiple Entries||Yes More Than 7 Entries||A1|
|Visibility||Highly visible, 4-side open corner property, very wide frontage||A1|
|High-Density population||More than 50-Thousand Flats and 2-Lakh urban rich people within walking distance and can denser more in upcoming years.||A1|
|Youthful Footfall||Sector-57 & Sector 62 Noida||A|
|Public Security||Police Station -10-Minute
Fire Station 10-Minute
|Industrial Area||Within 3-Km, Sector 63, 64, 65 Noida||A|
|Urban/Civic Facilities||Maximum facilities available||A|
|Expected ROI||6% to 12% Annually||A|
Drawbacks | Bad Factors
The 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 are running fine in Ghaziabad, Noida and Greater Noida area such as The Shipra Mall, The GIP Mall, The DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss. But to see the excellent location of this project, we can hope that this project will perform very well.
The only risk is that (” kya builder iss project ko time per complete kar payaga ki nahi, or project ko complete karega bhe ki nahi”) Will this builder complete this project in the set time frame or not, because the previous and present track record of this builder is not good, the builder has not given timely possession of his any project.
The developer of the Spectrum Metro project and the Gardenia Golf City project are the same. The Gardenia group is in the defaulter list of the Noida authority.
This is the first mega commercial project of this builder, so they have no experience to build and manage this type of commercial project/property.
Spectrum Metro Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects of Central Noida
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD/REMARKS|
|Phase-1 delivered on-time, phase-3&4 ongoing, finest layout & location|
|Delay, possession date changed several times|
|Anthurium||IT-Office-6,000||May be delay|
REVIEW -VIDEO SPECTRUM METRO MALL
Builders Profile | Track Record
|PREDECESSOR||Gardenia Infra Private Limited, AIMS Max Gardenia Developers Private Limited|
|KEY PEOPLE||Manoj Ray|
|COMPANY | PROMOTER||Blue Square LLP|
|PRODUCTS||Apartments, Shopping Malls, Retail, Multiplexes|
|AREA SERVED||Delhi-NCR (Noida, Greater Noida, Ghaziabad)|
|PROJECTS COMPLETED (Residential)||Gardenia Golf City, Gardenia Gateway, Gardenia Glory, Gardenia Grace|
|PROJECT COMPLETED (Commercial)||None|
|PROJECTS ONGOING||Spectrum Metro|
|DELIVERY TRACK RECORD||Extremely Poor, Big time delayer (Not even a single real estate project delivered on time)|
|RISK||Delay completion, poor construction quality, inexperienced builder, bank & Noida Authority dues|
|DEBT||Defaulter (Builder is in the defaulter list of Noida Authority)|
|LITIGATION||YES (Facing Corruption charges)|
|OFFICE ADDRESS||Flat No- G-004, Plot No-8, Sector-75 Noida
Phone +91 0120-6590800Plot No. C & D, Sector-75 Noida
The construction material used by Gardenia builder in their projects is painfully below the standard which gives you a feeling that the builder has looted you with all your hard-earned money.
Price | Lease Price
The Spectrum Metro Mall retail commercial shops, office spaces, service apartments, medi floors are available in sale and resale at the prices approx:-
|UNIT TYPE||FLOOR||PRICE (PSF)|
|Retail Shop||Lower Ground||21,500|
|Retail Shop||Ground Floor||32,000|
|Retail Shop||First Floor||23,000|
|Retail Shop||Second Floor||16,500|
|Retail Shop||Third Floor||15,000|
|Retail Shop||Fourth Floor||13,500|
|* Other Charges Extra|
The price depends on the floor, location & asking price. The price is slightly higher for investment but worthy. The price of other charges is on the very higher side.
Spectrum Metro is good for well established retail brands and also for new business startups. After completion, possession of the Spectrum Metro Sector -75 Noida, investors may get a minimum of 6% per annum return and can grow more if the project complete in the set time frame. Overall, It’s an excellent location commercial project for investment.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH