As per Location
MMR 52nd Avenue Mall is situated on the main road of Sector 52 Noida. It’s a 3-side open corner property. The project has a wide frontage. The project is at the front of sector 52 Noida metro station.
MMR 52nd Avenue is just a 25-minutes drive from Hindon Domestic Airport. The project is just a 10-minutes drive from NH-24 Highway. MMR-52nd Avenue is just a 5-minutes drive from Noida elevated road. The project is just a 20-minutes drive from Noida Greater Noida Expressway.
MMR 52nd Avenue is the central location of high-density population areas of central Noida such as sector 51, 52, 57, 60, 61, 70 and sector 71 Noida. Overall, the MMR 52nd Avenue is an approachable location project.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||MMR 52ND Avenue – UPRERAPRJ7156|
|Construction Company||Skyline Engg. Contracts (I) Private Limited|
|Architect Name||Deepali Srivastava|
|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.|
Advantages | Good Factors
MMR 52nd Avenue is very well connected to the multiple public transportations and other civic facilities. The sector 52 Noida metro station is the closest to this project.
MMR 52nd Avenue is right in the middle of several high-density localities of central Noida such as sector 51, 52, 57, 60, 61, 70, and sector 71 of Noida. There is more than 50-thousand urban rich residential population. And that is a very good sign for investment in MMR-52nd Avenue.
Apart from some front-facing ground floor retail shops of this project all the other shops are not very impressive layout design.
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-MMR 52ND AVENUE||GRADING|
|Urban Rich Gentry||Upper Middle Class, Middle Class, Urban Poor. Within walking distance several residential societies.||A|
|Connectivity||10-Minute drive from- NH-24, Sector 121 Noida.
Nearest Metro Station Walking distance (Sector 52)
Domestic Airport-18.8Km (Hindon Airport)
|Layout Design||Not very impressive||B|
|Multiple Entries||Yes More Than 6 Entries||A1|
|Visibility||Highly visible, 3-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||A1|
|Price Comparison||Little bit high||A|
|Competitors||Spectrum Metro, Anthurium||B|
|Expected ROI||4% to 5% Annually||B|
Maximum Mall or Mall type properties are not the good and safe investment options in the Ghaziabad, Noida and Greater Noida area. Maximum investors who invested in Mall type properties are in 99% loss.
Actually, the Malls which are up for sale get defective. Only those Malls are working fine which has at least 75% stake for lease otherwise all other Mall type properties are the investment of 99% loss. Only a few Malls are running fine in Noida & Ghaziabad area such as Shipra Mall, DLF Mall Of India & GIP, etc. And all the above-said Malls has more than 75% stake for lease only
The construction and possession of the project depend on the sale of shops/space so the project may be the delay.
The Maintenance cost is always high in Mall type properties and after completion possession, investors may face problems in leasing their retail space in this project.
MMR 52ND Avenue Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects of Central Noida
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD/REMARKS|
|Delay, possession date changed several times|
|Phase-1 delivered on-time, phase-3&4 ongoing, finest layout & location|
|Anthurium||IT-Office-6,000||May be delay|
These days the developer of the MMR 52nd Avenue, offering many attractive schemes to customers to invest in this property such as 12% assured return, lease guaranty, and other greedy payment plans, etc.
Basically, the Assured Return & Lease guaranty is a trick of fundraising by fooling the public. Actually, the Assured return and Lease guaranty payment plans gives in those immovable projects/properties, which are difficult to sell.
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 & Monthly Rent to you in the form of EMI.
Builders Profile | Track Record
|PREDECESSOR||Mmr Construction Company Private Limited, Mmr Infrastructure Developers Private Limited, MMR Saha Infrastructure Private Limited|
|FOUNDERS||Mahipal Singh Raghav|
|KEY PEOPLE||Mohit Singh Raghav, Rahul Raghav,|
|COMPANY | PROMOTERS||MMR|
|PRODUCTS||Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail, Apartments|
|AREA SERVED||Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad)|
|PROJECTS COMPLETED||MMR Corporate Greens, MMR Grand Mall,|
|PROJECTS ONGOING||MMR 52nd Avenue|
|DELIVERY TRACK RECORD||Check your self|
|COMMITMENT||Check your self & Take feedback from existing investors|
|RISK||May be delay possession, Investment may be stuck for a long time|
|OFFICE ADDRESS||MMR House, B-11
Price | Lease Price
MMR 52nd Avenue retail shops, office spaces, serviced apartments, studio apartments, food courts, medical points sale price start from approx:
|UNIT TYPE||FLOOR||PRICE (PSF)|
|Food Courts||3rd Floor||12,000|
The Investments in MMR 52nd Avenue may take a long time to grow. So invest carefully.
NOTE: BEFORE INVESTING DO, YOUR OWN RESEARCH