Review : Investment in Gaur City Center, Noida Extension, Loss or Profit

Review

CPR Ratings

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 Stage Ongoing
Construction Company GM Infracon Private Limited
Architect Name Ateesh Agarwal
Live Updates
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

  Gaur,builders,profile,track record
PREDECESSOR Gaursons India Private Limited
FOUNDED 1995
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
NET WORTH
STRENGTH
COMMITMENT Not very satisfactory
RISK average construction quality, low carpet area
DEBT Yes
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
BUILDER CATEGORY SILVER

 

Key Point
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.

Advice
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
Retail-25,900
Delay, possession date revised several times, now January-2024
Grandthum Office-4,250
Retail-17,990
On-Time, June-2023
NX-ONE Office-5,149
Retail-17990
Delay, possession date revised several times, now December-2024
ATS Kabana High Office-6,000
Retail-25,000
First mega commercial project by this builder, possession May-2026
Galaxy Diamond Plaza Office-6,490
Retail-24,000
Delay, possession date revised several times, now September-2020
BW Walk Mall Office-6,483
Retail-
Delay, possession date revised several times, RERA date has been passed. still no progress.
Galaxy Blue Sapphire Plaza Office-6,499
Retail-26,000
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
Retail-28,000
December-2025
London Mart Office-
Retail-19,990
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.

 

Conclusion
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.

CPR Ratings

Investors Vote
[Total: 1 Average: 2]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

43 Comments

  1. Investment​ in mall type property is not a good decision , but this project is far better from Galaxy blue sapphire plaza

    Reply
  2. Hair city a mall can be good for investment in compression of galaxy blue sapphire plaza

    Reply
  3. Investment in gaur city mall commercial shop not safe

    Reply
  4. Good location and good project
    Commercial shop is good investment

    Reply
  5. Really too much supply, commercial office space,commercial retail shops,studio apartments,in this area
    Investment not really wise in noida extension mall type properties

    Reply
  6. I have bought a shop at Ground floor and now very much worried with above review . Shall I sell it before taking possession , if opportunity comes

    Reply
    • ha ha….its a one way traffic..just try ur luck to sell it…

      Reply
      • I am interested. Pls cal 9910996485

        Reply
      • Hows the gaur yamunna runway suits in yerms of investment

        Reply
    • i’am also going to purchase at 4th floor it’s right decision or not

      Reply
  7. Will be interested to buy at reasonable price..Any seller Interested ??

    Reply
    • I want to sell my office space which i bought before 8 month in this gaur mall

      Reply
      • im interested

        Reply
        • please contact me soon.

          Reply
      • kindly contact Dharmendra

        Reply
      • I am interested call me at 931******5

        Reply
  8. The Gaur builders is just a marketing propoganda, they r creating hype. Oversupply commercial in this location of Kisan chowk, they r trying to steel public’s hard earned money in the name of investment, price is also on very higher side.

    True feedback

    Reply
  9. Im interested.

    Reply
  10. Hi,
    I m interested in GF shop

    Reply
    • I want to sell my shop lg172 total 271 sqft ..L shape you may contact us

      Reply
  11. i am going to purchase at Groud floor it’s right decision or not.

    Reply
  12. I want to investment for commercial space it’s right decision or not.

    Reply
  13. i have purchased a shop on lower ground flower is it right or not

    Reply
  14. Yes

    Reply
    • I want to purchase ground floor or lower ground floor please mail me

      Reply
  15. HI , I have booked a shop in Gaur city center and after 2 month i cancelled but refund is not credited yet its being a year now. can anybody tell me where i can raise a complain against Gaur sons.
    regards,.
    Amit

    Reply
    • Hi I m interested in sell of my shop in gaur city centre lower ground LG-172 ,
      Shop location advantage
      1) north – east facing
      2) approx 18 ft front
      3) 22 ft passage
      4) opposite to spacious anchor
      5) lift and staircase is at front
      6) corner shop
      Shop no. LG-172

      Reply
      • I’m interested, Pls contact on mail

        Reply
      • I m interested pls tell meprice

        Reply
  16. How is investment in service apartment or studio apartment in gaur city mall.is it good future

    Reply
    • Are you invested in service apartment of gaur city mall ? Is it a good investment ?

      Reply
  17. Service apartment future in Gaur city mall.please advice.

    Reply
  18. Can any body think – why gaur city mall is not for sell & it is early ready then city centre

    Reply
    • Actually, the mall which is up for sale gets defective. Only those malls are working fine which has more than 75% stake for self-use.

      Actually, big brands want bigger space in a single plate and there are so many formalities of terms & conditions such as long lease time frame, lease price acceleration, negotiations in CAM charges, must require several NOC, dedicated bigger parking space, customize security,
      etc. And which is very difficult to arrange for a small or individual investor.

      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. because of these malls are not for sale

      Reply
  19. I have booked a commercial shop at 4th floor @7300 per sqft. Is it a right investment or wrong?

    Reply
    • I have booked on the 2nd floor… But still in doubt with this investment… God bless us…
      By the way… I am interested to sell this if you anyone interested pls contact

      Reply
      • Want to sell my shop in the gaur city center, 2nd floor…
        Contact 98102***98

        Reply
      • Please let me know, i m interested

        Reply
        • Pls look for LG 172 shop in the gaur city center it has big 18 ft front opposite to anchor space and a corner 2 side shop WhatsApp 9899599323

          Reply
  20. Gaur City Center may be good investment in near future.As gaur provide better amenities than other.

    Reply
  21. I want to be purchase a commercial in noida Extention,where I should invest my money please tell

    Reply
  22. Hi Team,

    I booked a shop on the 1st floor.

    in backside near car parking or Petrol pump.
    so I want to know what will be the opinion for the crowd ?

    Please suggest..

    Reply
  23. Hi I purchased a shop at first floor.. Now I want to sale…

    let me know if any want to buyout

    Reply

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