Review : Investment in Galaxy Blue Sapphire Plaza, Noida Extension, Loss or Profit

Review

CPR Ratings

As per Location
The Galaxy Blue Sapphire Plaza is a 2-side open corner property. It is located on the entry side 130 ft wide main road connecting to the Crossings Republik and the Kishan Chowk of the Greater Noida West.

Galaxy Blue Sapphire plaza is just 300-meters away from the upcoming Kisan Chowk Metro Station of Greater Noida West.

Galaxy Blue Sapphire Plaza is100% visible to the passers of Kisan Chowk and Crossings Republik and village Shahberi residents. So we can say that the Galaxy Blue Sapphire Plaza is an excellent location project.

Possession | Construction Update
The Galaxy Blue Sapphire Plaza is under construction. The promised date of delivery/possession was set for the year of December-2018. But the project is still under construction. After RERA come in force, the revised possession date is set for the month of July-2020. The project may be the delay for more couple of years. RERA Registration No UPRERAPRJ7182

Galaxy Blue Sapphire Plaza Noida Extension

Drawbacks | Bad Factors
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects.

It is a fact, that Galaxy Blue Sapphire Plaza is a prime location project. but in this prime location there are more than 10 mega commercial projects also exists within a radius of 500-meter such as Gaur City Center, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, IDI London Mart,  Mahagun Marina Walk, PKS Town Central, Ufairia Mall, Saya South-X, NX-One, Sarvottam Golden i, etc.

There is a big gap in demand and supply, the supply is very high in comparison to demand. All the above said commercial projects are creating investment competition at this location. So in future investors can face a very tuff competition in leasing and selling their retail shops and office spaces in all above commercial projects. And can face more critical condition in future. So while investing in all above-said projects, choose the project which gives possession first.

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 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.

Now the question is that, what’s the logic behind all these oversupply commercial? Is there any limit? Actually, there is no proper planning and re-planning for commercial development by the concern development authorities Of Uttar Pradesh government. i.e. Noida Authority (Greater Noida Authority)

How much commercial property is needed and when it is needed the Uttar Pradesh government has no planning. Actually, it’s a System failure and we all are the victims of this pre-planned cheating.

The construction and possession of the project depend on the sale of shops/space so the project may be the delay.

Galaxy Blue Sapphire plaza, greater noida west

Advice
The Galaxy Blue Sapphire Plaza lower ground floor and upper ground floor road facing commercial retail shops are properly visible from outside main roads. These retail shops look like high street retail shops. So we advise investment of ground floor commercial retail shops will give excellent returns after possession of the project. if the builder completes this project in the set time frame.

These days Developer of Galaxy Blue Sapphire Plaza, offering many attractive schemes to customers to invest in this property, 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.

Key Point
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects, and this location already crosses the limit of commercial property development. Actually, there is no need for any new commercial projects in this location of Noida Extension.

We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension.

This is really very strange, that there are more than 50-Screen/Multiplex proposed at this location of Kisan Chowk & Buddha Chowk of Greater Noida West. Can’t Understand the logic behind 50-Screen/Multiplex for an under developing locality. While if I compare this location to Indirapuram, where only three Mall and approx 12-screens. While the Indirapuram is a high-density population area.

There is no planning or re-planning for commercial development in this location of Noida Extension (Greater Noida West) area by the Uttar Pradesh government or can say that the failure of the government. Actually, It seems like a pre-planned loot of our hard earned money in the name of investment and growth.

 Galaxy Blue Sapphire Plaza, greater noida west

Products & Developer
Galaxy Blue Sapphire Plaza is under developing by the Galaxy Group (GLD Infraprojects Private Limited). It’s a commercial project. The Galaxy Blue Sapphire Plaza consists of commercial retail shops, office spaces, movie theaters, banquets halls, and entertainment facilities, etc. It’s a Mall type property.

Builder profile
The Galaxy Group has a good market reputation in the real estate industry. He has successfully delivered several residential and commercial projects in Noida & Ghaziabad. But the Galaxy builder is not a committed builder in terms of construction and possession. The Galaxy Group has the extremely poor record of completing their real estate projects in the set time frame.

Price | Lease Price
Galaxy-Blue Sapphire Plaza Mall retail shops/spaces are available in sale and resale at the price approx:-

FLOOR PRICE (PSF)
Lower Ground 17,500-18,5500
Ground Floor 21,000-26,000
First Floor 16,000-18,500
2nd Floor( Bangkok Bazaar) 15,000-16,500
3rd Floor (Medi Centre) 12,000-13,000
3rd Floor (Noida HAAT) 13,000-14,500
4th Floor (Food Court) 15,000-18,000
4th Floor (Restaurant) 14,000-15,000
Office Space (7th & 8th Floor) 6000-6500
Kiosks 18,000-20,000
OTHER CHARGES FOR RETAIL & MEDI CENTRE
PLC-130 MTR Road Facing 10% of BSP
PLC-45/24 MTR Road Facing 7.5% of BSP
Corner PLC 5% of BSP
Atrium Facing 2.5% of BSP
OTHER CHARGES FOR OFFICE SPACE
PLC-130 MTR Road Facing 200 PSF
PLC-45/24 MTR Road Facing 100 PSF

ALL OTHER CHARGES

Car Parking (Optional) 3,95,000/-
Power Backup (Per KVA) 25,000/-
Lease Rent 250 PSF
IFMS 100 PSF

The price is very high for investment in an under developing Mall type property.

Conclusion 
Our Advice, for investment, choose the project which will give possession first at this location of Kisan Chowk & Buddha Chowk of Greater Noida West.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

11 Comments

  1. Investment​ in mall type property is not a good decision.

    Gaur city mall is Mutch better for investment than Galaxy blue sapphire plaza,both r in same location

    Reply

    Reply
    • Galaxy blue sapphire plaze very bed investment builder is very cheeter

      Reply
  2. Sorvattam golden I commercial shop and office space is Mitch better than galaxy blue sapphire plaza

    Reply
  3. Not a good investment they r making fool investors, Construction is also very slow

    Reply
    • The mall construction is going on fast as I personally visited, no unnecessary advise is needed.

      Reply
  4. All builder of this location , selling dreams, construction is very very slow , investment is not safe

    Reply
  5. Lower ground floor and upper ground floor main road facing shops are good for investment and business

    Reply
  6. What’s the best price for office space in this project?

    Reply
  7. Construction is very very slow

    This website commercial property review gives true feedback about commercial property investment

    Reply
  8. The Galaxy blue Sapphire plaza Overpriced…..and location is more a headache…entire greater noida west is highly dense area

    and not all of them will stop over at the small roundabout, Kishan Chowk (which are TOTALLY expected to be encroached by autos, buses, illegal taxis) in near future and at present also.

    Builder is making a complete fool of buyers…STAY AWAY…Not worth more than 12k-13k per sq ft all inclusive

    this project have approx 50% loading.

    construction is also very slow, I think this builder hardly complete this project.

    This builder investing our hard earned money to advertise/marketing this project instead of fast construction… It may be possible that this builder run away

    Reply
  9. I seen a market of galaxy namely as galaxy shoppe in Gaur city 2. it’s a third class market.
    Encroachment is on higher ratio.
    galaxy’s manageable way is very poor.

    Reply

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