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
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.
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.
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.
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.
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:-
|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|
|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|
The price is very high for investment in an under developing Mall type property.
Our Advice, for investment, choose the project which will give possession first at this location of Kisan Chowk & Buddha Chowk of Greater Noida West.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH