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Review : Investment in MMR 52nd Avenue, Sector 52 Noida, Loss or Profit

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MMR-52nd Avenue, Sector 52 Noida

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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
Start/Launch Date May-2013
Possession Date December-2020
Construction Stage Ongoing
Construction Company Skyline Engg. Contracts (I) Private Limited
Architect Name Deepali Srivastava
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.

MMR 52nd Avenue , commercial project, review,ratings, construction update

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.

Fact Check
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)		 A
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		 A
Industrial Area Within 3-Km, Sector 63, 64, 65 Noida A
Urban/Civic Facilities Maximum facilities available A1
Developers Credibility Zero C
Price Comparison Little bit high A
Competitors Spectrum Metro, Anthurium B
Expected ROI 4% to 5% Annually B

 

ALSO READ: How to Double Your Money by Investing in Commercial Real Estate

Advice
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
MMR52nd Avenue Retail-29,000-30,000
Office-8,750
Studio-8,995		 Delay, possession date changed several times
Spectrum Metro Retail-21,000-30,000
Office-8,000
Studio8,500		 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

  MMR Developers, builder,profile,track record
PREDECESSOR Mmr Construction Company Private Limited, Mmr Infrastructure Developers Private Limited,  MMR Saha Infrastructure Private Limited
FOUNDED 2008
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
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Check your self
NET WORTH
STRENGTH
COMMITMENT Check your self & Take feedback from existing investors
RISK May be delay possession, Investment may be stuck for a long time
DEBT Yes
LITIGATION  Updating soon…
OFFICE ADDRESS MMR House, B-11
Noida-201307
Phone: +91-9540666608
+91-8588944468
Email: info@mmrgroup.co.in
BUILDER CATEGORY BRONZE

 

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)
Retail Shop Ground 29,995
Retail Shop First 24,995
Retail Shop Second 20,000
Anchor Store 160,000
Food Courts 3rd Floor 12,000
Medical Point 4th-5th 9,000
Office Space 7th-10th 8,750
Studio Apartments 12th-18th 8,995

 

Conclusion
The Investments in MMR 52nd Avenue may take a long time to grow. So invest carefully.

NOTE: BEFORE INVESTING DO, YOUR OWN RESEARCH

83 COMMENTS

    • Brother if you are interested to invest here , project is on prime location and will give handsome results,but invest only if you have retaining captivity for more then four to five years… I want to sell out(quit) for my personal reasons..a 275 sqft shop at minus one floor…can handover on genuine rates.. approx 50% Amount paid to Builder..

        • Brother if you are interested to invest here, the project is on prime location and will give handsome results, but invest only if you have retaining captivity for more then four to five years… I want to sell out(quit) for my personal reasons..a 275 sqft shop at minus one floor…can handover on genuine rates.. approx 50% Amount paid to Builder.

    • Dear Chauhan, My name is Sandeep and was thinking to invest in MMR for a retail shop. Any feedback and advise will be very much appreciated. Thanks

  6. I am living in Noida sec 75 and crossing MMR Site on a daily basis. Construction of this project is very fast compared to the other projects like Spectrum Metro.

    It’s on VERY PRIME LOCATION of NOIDA.

    I am getting assured return on the time.

    I will recommend to buy this property.

    • I want to talk to you sir, regarding the assured return. I very confused that the builder will able to give us return on monthly basis or they just do promisses on documents.

  7. This is the most prime location of Central Noida and construction is in full swing.

    My friend invested in Retail Shop a year ago and satisfied with the assured return he is getting.

  8. The Mmr 52nd avenue is still under construction since the year 2012-2013. everything is fine except construction, there is very slow construction. When this project complete ?

  9. Location of this project is very good. Regarding construction updated I contacted MMR Sales team and they said that this project is under RERA undertaking and the project will be completed by Dec 2020.

  11. Hi I bought studio under assured return scheme and payment was smooth for few months. Suddenly dec month they have asked not to deposit the cheque. can some one advise what is going on.

    • Hi Parul

      I was planning to in the MMR 52nd Avenue but seeing these comments I am very apprehensive now.
      Are you getting the assured return now? Please advise at the earliest so that I can deicide where to go with them or invest elsewehere. Thanks so very much

      • Hi Admin,

        Can you please let me know actual story and feedback from REAL customers on the MMR 52nd Avenue on the assured EMI is genuine or not. I am looking at investing here given the location and mixed use development aspects. Need this INFO urgently as I NEED TO TAKE A DECISION IN NEXT COUPLE OF DAYS. THANKs

    • Brother if you are interested to invest here , project is on prime location and will give handsome results,but invest only if you have retaining captivity for more then four to five years… I want to sell out(quit) for my personal reasons..a 275 sqft shop at minus one floor…can handover on genuine rates.. approx 50% Amount paid to Builder..

  13. Hi, Sanyogita.
    all information is available in this article, please read again completely. and for construction update, please visit the site of MMR 52nd avenue. and write your views here.
    Thank You

  15. The customer can’t do anything if builder stopped the assured return cheque payment

    Only court can do, but it will take 15-20 years.

    Don’t put ur money in assured return plan

  16. Spectrum Metro is much better commercial project/location than the MMR 52nd Avenue.

    Spectrum Metro construction is also on better stage than the MMR 52nd Avenue.

  17. I am about to invest in MMR 52nd Avenue, But after seeing the feedbacks here I am not sure now.
    I am looking for a long term investments with returns.
    Can someone help please.

  19. Hi Parul

    I was planning to in the MMR 52nd Avenue but seeing these comments I am very apprehensive now.
    Are you getting the assured return now? Please advise at the earliest so that I can deicide where to go with them or invest elsewehere. Thanks so very much

    • Brother if you are interested to invest here , project is on prime location and will give handsome results,but invest only if you have retaining captivity for more then four to five years… I want to sell out(quit) for my personal reasons..a 275 sqft shop at minus one floor…can handover on genuine rates.. approx 50% Amount paid to Builder..

  20. Hi I am also planning to invest in MMR 52 Avenue due to location charm which is very suitable & attractive if MMR complete it by dec 2020 as deadline given by RERA for Ph-1 project & nobody knows about the 2nd Ph in which MMR will develop 5 star hotel, but after seeing the construction growth today I am in doubt that how it will get complete within a given time span. Plz advice

    • I want to sell one shop measuring 185 SF in LGF in MMR 52nd galleria, due to job transfer. Really it is a good project for investment. This project is In front of Metro Station.Pl contact

    • Brother if you are interested to invest here , project is on prime location and will give handsome results,but invest only if you have retaining captivity for more then four to five years… I want to sell out(quit) for my personal reasons..a 275 sqft shop at minus one floor…can handover on genuine rates.. approx 50% Amount paid to Builder..

  21. I want to sell one shop measuring 185 SF in LGF in MMR 52nd galleria, due to job transfer. Really it is a good project for investment. This project is In front of Metro Station.Pl contact

  22. Which project is better Spectrum Metro or 52 Avenue ? Kindly suggest . In 52 Avenue they are providing lease guarantee for 9 yrs and promising the possession by next mid year

    • MMR 52 Avenue is the best project for rental income because he provides 90 rupees min lease guaranty for 25 years ..and 12% growth every 3 years ….only food court spaces…Mall me kuch chale naa chale Multiplex and food court to chalne he hai

    • mmr walee chor hai sales man saaree chor hai bus paise invest karwaake koi support nahi kartee aapkaa paisa doobna hi hai kyoki jo bhi sales man hai woo mmr ke nahi hai third party ke hai unka comiision hota hai jisse wo baad mai support nahi kartee

  25. Hello Friends
    No one invest in this vo. MMR mall. Its totally fraud company.
    I lost my 15lakh.
    Now I must go to NCLT court.
    And also go to rera.
    And I also lodge a complaint of fraud
    Near by police station. 9999451562

    • Yes, my parent’s money is stuck with them…they are not even replying to their letters…I would like to know about these people as I will now take legal action against them…if you can share any info, plz let me know…thnx

  27. i am checking this project since 2 yrs and i like the project location. i bought this in Jan month this yrs and construction is slow but going on…. at the time of taking this i chked Spectrum as well but i did not find good as per the construction. i am hoping good return from this investment bcoz of Metro and surrounding.

  29. I have a shop on LGF 220 Sq. Ft.
    Would like to sell due to some financial issue.
    Any Genuine buyer can contact me on my Mobile 99******27

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