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

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CPR Ratings

As per Location
MMR 52nd Avenue 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 25-minutes drive from Hindon Domestic Airport. The project is just 10-minutes drive from NH-24 Highway. MMR-52nd Avenue is just 5-minutes drive from Noida elevated road. The project is just 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
This is probably the most uncertain query of the entire project. The MMR 52nd Avenue project was started in the year 2013. The promised date of delivery/possession of the project was set for the month of December 2015. But the project is still under construction. The possession date has been changed several times already with new completion target dates and yet there has been no significant progress. After RERA  come in force, the revised possession date is  31-2-2020 (RERA Registration No. UPRERAPRJ7156)

mmr 52nd avenue mall, noida

Advantages | Good Factors
MMR 52nd Avenue is a project offering the perfect integration of retail, commercial, hospitality and residential lifestyles in a single compound. The project is appealing not just from a design and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “MMR 52nd” will have five different sections to it namely the Hospitality, Business first, Leisure, Entertainment and Domicile.

MMR 52nd Avenue is very well connected to the multiple public transportations and other civic facilities. The sector 52 metro station in Noida 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.

Drawbacks | Bad Factors
As we have seen above, the entire construction of the project MMR 52nd Avenue is planned well and the locality is also chosen well. The drawback here though is the fact that the construction has completely slowed down. With a possession date set in another year’s time, the project has a long way to go for completion. It seems to have already outlived its past expectancy date of completion which has caused a lot of worry in the minds of investors.

The investors who have their money into the project are already trying to sell their property and recover their capital. It has been a cumbersome experience for investors who deal with soft launch projects along Noida or any other location along Delhi NCR.

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 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, sector 52 , noida

Advice
The property MMR 52nd Avenue is best suited if you are willing to hold your investment onto a longer term for returns as it would take a couple of more years (or even more) for completion of the property and the market to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within 3-5 km. And this is subjected to the completion of this project on the set time,  which seems fairly uncertain.

It 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 MMR 52nd Avenue are now struggling to get the desired price. Despite having brought their prices down, there aren’t any takers to buy these properties.

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 payments plans, etc.

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 & monthly rent to you in the form of EMI.

Actually, the assured return plan is a trick of fundraising. The Real estate developer sells its non-salable property with a greedy plan on a very higher price, to innocent customers in the name of assured return. They are making you fool.

MMR 52nd Avenue, Sector 52, Noida, India

Products & Developer
MMR 52nd Avenue is under developing by the MMR Group. It’s a Mall type commercial project. The project consists of commercial retail shops, retail space, Hyper Market, Multiplex, Anchor Stores, Kids play area, Entertainment Zone, Restaurants, Multi-use Studio apartments, Serviced Apartments, Exclusive Medical Clinics, and Office Spaces, etc. Shops and office space are available in various sizes.

Builder Profile
The MMR group has a good market reputation in the real estate industry. He has successfully delivered several residential and commercial projects in Delhi-NCR.

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) OTHER CHARGES
Retail Shop Ground 29,995 EEC/FFC 100/- PSF
Retail Shop First 24,995 IDC 100/- PSF
Retail Shop Second 20,000 CRF 150/- PSF
Anchor Store 160,000 PBC 20,000 Per KVA
Food Courts 3rd Floor 12,000 Club Membership 3/- Lakh
Medical Point 4th-5th 9,000 Car Parking 5,50000/- Optional
Office Space 7th-10th 8,750 Lease Rent-As per Actuals
Studio Apartments 12th-18th 8,995 PLC-Corner/Road/Atrium

The price is already on the very higher side and there is hardly any chance of early growth. The price of other charges is also on the very higher side.

Conclusion
The price is already on the very higher side and there is hardly any chance of early growth. So invest carefully.

CPR Ratings

Investors Vote
[Total: 2 Average: 1.5]

NOTE: BEFORE INVESTING DO, YOUR OWN RESEARCH

30 Comments

  1. Absolutely right feedback

    Reply
  2. I advise not to invest in mall kind of property in noida ghaziabad,even mmr 52nd avenue

    Reply
  3. Its not a good investment

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  4. Construction of this project is very very slow, it is not possible that builder complete this project on time

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  5. dead slow construction….

    i advice… not to buy anything in MMR52nd Avenue

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    • 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..

      Reply
      • kindly share your property details as well as your contact details.

        Reply
  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.

    Reply
    • 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.

      Reply
  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.

    Reply
    • ha ha ha, fake comments , booth Vishwajeet Kumar and Bansul Jaggi, are commenting from sale IP-address…. 223.190.0.31.

      every one knows about the construction of MMR52nd avenue…

      Reply
  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 ?

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  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.

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  10. I think this is the prime location of noida for commercial investment point of view……

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  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.

    Reply
    • Hi, Parul,
      Can you briefly explain about the matter ?

      Reply
    • 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

      Reply
    • Hi Parul, I just now sent a message to you. can you please respond to me directly thanks

      Reply
  12. I think MMR 50 2nd Avenue Noida is Good Investment option unmatched location unmatched specification with unmatched price…..

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    • Hello,
      Mohit Kumar Gupta (Property Network India), you are from MMR 52nd avenue side?

      Reply
      • 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

        Reply
    • 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..

      Reply
  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

    Reply
  14. Hi, Parul ji
    Same problem is with my friend, the builder stoped assured return cheque.

    Now what should I do ?

    Reply
  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

    Reply
  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.

    Reply
  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.

    Reply
  18. Location is Prime but construction is too slow.

    Reply
  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

    Reply
    • 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..

      Reply

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