As per Location
The Gaur City Center is located near the Kishan chowk with the upcoming Metro Station of the Noida Extension (Greater Noida West). It is also located on the entry side 130 ft wide road of the Noida Extension. The Gaur City Center, connecting to the residential township Gaur City and Amrapali Golf Homes, etc.
The Gaur City Center is 100% visible, walkable to passers from Gaur city township, NH-24 Highway, Crossings Republik & the Village Shahberi. So can say that the location of the Gaur City Mall is Excellent.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||Gaur City Center- UPRERAPRJ4780|
|Start/Launch Date||Before October-2016|
|Possession Date||The previous possession date was December-2018. Revised, after RERA comes in force January-2024|
|Construction Company||GM Infracon Private Limited|
|Architect Name||Ateesh Agarwal|
|COVID-19 Lockdown Status||COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.|
Drawbacks | Bad Factors
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects.
It is a fact, Gaur City Center is a prime location project but in this prime location, several other prime location Mall type properties also exist such as Gaur City Mall, ATS Kabana High, Galaxy Blue Sapphire Plaza, Galaxy Diamond Plaza, Boulevard Walk Mall, Mahagun Marina Walk, IDI London Mart, Apex Park Square, PKS Town Central, Ufairia Mall, Saya South-X, NX-One, Ocean Golden- i, etc.
All the above-said projects are in the 500-meter radius. So all these projects are creating investment competitions at this location. There is a very big gap in demand and supply. The supply is very high in comparison to the demand for these same types of commercial products/projects/properties at this location of the Noida Extension.
All the above said commercial projects are creating an investment competition at this location. So the investors can face problems in leasing and selling their retail shops, office spaces, studio apartments, serviced apartments, etc. And can face more critical conditions in the future.
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.
The construction and possession of the project may depend on the sale of shops/space so the project may be the delay.
Products & Developer
The Gaur City Center is situated in the Noida Extension (Greater Noida West). These projects are under development by Gaursons Hi-Tech Infrastructure Private Limited. It’s a commercial project/property. The Gaur City Center, Noida extension consists of commercial retail shops, office spaces, movie theaters, banquets halls, services apartments, studio apartments, and entertainment facilities. The Gaur City Mall, retail shops, and office space are available in various sizes.
Builders Profile | Track Record
|PREDECESSOR||Gaursons India Private Limited|
|FOUNDERS||Banwari Lal Gaur|
|KEY PEOPLE||Manoj Gaur, Manju Gaur|
|COMPANY | PROMOTERS||Gaur|
|PRODUCTS||Apartments, Villas, Farm Houses, Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail|
|AREA SERVED||Ghaziabad, Noida, Greater Noida|
|PROJECTS COMPLETED||Gaur City Mall, Gaur Central Mall-RDC, Gaur Gravity-Indirapuram, Gaur City Galleria-Greater NoidaWest|
|PROJECTS ONGOING||Gaur City Centre, Gaur World Street-Geater Noida West, Gaur Runway Suites-Yamuna Expressway, GYC Galleria-Yamuna Expressway|
|DELIVERY TRACK RECORD||Not very satisfactory|
|COMMITMENT||Not very satisfactory|
|RISK||average construction quality, low carpet area|
|LITIGATION||Facing Unfair trade practice charges in Indian courts|
|OFFICE ADDRESS||Gaur Biz Park, Plot No-1, Abhay Khand II,
Indirapuram Ghaziabad – 201014 Phone: 0120 434 33 33
If construction/possession of the Gaur City Center is completes in set time frame or on before set time frame or on before other surrounding commercial projects of this location, than this commercial project may give excellent returns to investors because at present there is no ready to move mega commercial project at this location of Kisan Chowk, (Gaur Chowk) Noida Extension (Greater Noida West) to cater shopping, entertainment and other retail needs for nearby residents.
The Gaur City Centre is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year. In fact, investors who are trying to make a sale of their property in the Gaur City Centre are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.
Gaur City Center Price & Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Noida Extension
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD|
|Gaur City Center||Office
|Delay, possession date revised several times, now January-2024|
|Delay, possession date revised several times, now December-2024|
|ATS Kabana High||Office-6,000
|First mega commercial project by this builder, possession May-2026|
|Galaxy Diamond Plaza||Office-6,490
|Delay, possession date revised several times, now September-2020|
|BW Walk Mall||Office-6,483
|Delay, possession date revised several times, RERA date has been passed. still no progress.|
|Galaxy Blue Sapphire Plaza||Office-6,499
|Delay, possession date revised several times, RERA date has been passed. Now the revised RERA date is July-2021|
|AIMS Central Plaza||Retail-23,000||March-2021|
|Gaur World Street||Retail-25,900||March-2027|
|Mahagun Marina Walk||Office-5,990
|Delay, possession date revised several times, now phase-1 July-2022|
|Apex Park Square||Retail-24,900||The first mega commercial project, May-2022|
|PKS Town Central||Retail-26,000-30,000||Delay, possession date revised several times, Now Phase-1 August-2022, Phase-2 August-2023, Phase-3 August-2024|
|Ufairia Mall||Retail-16,00-20,000||Delay, possession date revised several times, now December-2024|
|Saya South X||Retail-26,500||The first mega commercial project, September-2023|
|Ocean Golden i||Updating||Delay, possession date revised several times, now June-2022|
|Gaur City Mall||Office-7,000
Retail-for lease only
|A half portion of Gaur City Mall is ready, but all the retail shops are not for sale. Shops available for lease only.|
The price is already on the very higher side and there is hardly any chance of early growth. The investment of Gaur City Centre may take a very long time to grow. So invest carefully.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH