Review : Investment in Boulevard Walk, Noida Extension, Loss or Profit

Review

CPR Ratings

As per Location
The Boulevard Walk (BW Mall) is situated in the prime location of the Noida Extension (Greater Noida West), it is located on the entry side 130 ft wide road, connecting to the Crossings Republik and Kishan Chowk of Noida extension.

Boulevard Walk is close to several residential group housing projects such as Gaur City, Amrapali Golf Homes etc.

Possession | Construction Update
The Boulevard Walk Mall is under construction. The promised date of delivery of the project was set for the month of December-2018, but the project is still under construction. After RERA come in force the revised possession date of this project is in the year of  March-2020.  RERA REGISTRATION No. UPRERAPRJ7271

Boulevard Walk Noida Extension, commercial

Drawbacks | Bad Factors
The Home Home and Soul group is not an experienced real estate developer. Basically, this group is related to the real estate brokerage firm Investors Clinic (IC). And this brokerage firm has not a good track record. The Investors Clinic (IC) is filling his pockets in the name of investment and growth, he may not concerned about the interests of investors. 

The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects. This location already crosses the limit of commercial property development.

It is a fact, that Boulevard Walk (BW Mall) is a prime location commercial property, but in this prime location, several other Mall type properties also exist such as Gaur City Centre, Gaur City Mall, Ats Kabana High, Galaxy Diamond Plaza,  Galaxy Blue Sapphire Plaza, Mahagun Marina Walk,  IDI London Mart, PKS Town Centra,  Fusion Ufairia Mall, Saya South-X,  Servottam Golden-i, NX One etc.

All above-said commercial projects are within the 500-meter radius. All the above said commercial properties/projects are creating investment competition at this location. There is a big gap in demand and supply. The supply is very high in comparison of demand of this same types of commercial projects/properties in this location.

So all these Mall type properties are creating 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 Boulevard Walk are depended on the sale of shops/spaces, so the project may be the delay.

REVIEW VIDEO BOULEVARD WALK

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-BOULEVARD WALK GRADING
Urban Rich Gentry Within 300-Metter, affordable housing township Gaur City. B
Connectivity 10-Minute drive from- NH-24, Sector 121 Noida
15-Minute drive from- Sector-79, 76,117,120, & sector 121 of Central Noida.
Nearest Metro Station 15-Minutes (Sector 52)
Domestic Airport-23Km (Hindon Airport)
Ghaziabad Railway Station-16Km
A
Layout Design Not very impressive B
Multiple Entries No C
Visibility Properly visible B
High-Density population Within 500-Meter radius more than 20-Thousand Flats and 60-thousand people and can denser more in upcoming years. A
Youthful Footfall No Higher education Institutes B
Public Security Mahila Thana-Ecotech-3, 15-Minute
Police Station -10-Minute
Fire Station 10-Minute
A
Industrial Area Within 3-Km, Ecotech-3, 4, 11, 12 A
Urban/Civic Facilities Maximum facilities available B
Developers Credibility Zero, BRONZE standard Developer  D
Price Comparison Higher price in comparison to surrounding commercial projects B
Competitors Within 500-meter radius more than 15 mega commercial projects. Oversupplied commercial location  C
Expected ROI May takes a very long time, due to oversupply commercial projects location C

Boulevard Walk Mall, greater noida west

Key Point | Advice
The Boulevard Walk (BW Mall) property 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 2-3 km. And this is subjected to the completion of this project on the set time.

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 Boulevard Walk are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.

These days developers of the Boulevard Walk project offering buyers so many interesting payments plans to invest in this project/property, commercial retail shops, and office spaces, like the 12% assured return and other greedy payment plans, etc.

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

That builder/project who offers this kind of investment offers is not in the category of secure investment. As our experience most assured return properties are an investment of loss.

Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.

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 to you in the form of EMI. Actually, they are making you fool.

Products & Developer
The Boulevard Walk is under developing by the Home and Soul group. It’s a commercial property. Its a Mall type project. The Boulevard Walk consists of commercial shops, office spaces, movie theaters, serviced apartments, and Hotel apartments, etc. The Boulevard Walk retail commercial shops and office space are available in various sizes.

Builders Profile | Track Record

  Bw Walk Mall, builders,profile,track record
PREDECESSOR Investors Clinic Infratech Private Limited
FOUNDED 2009
FOUNDERS Honey Katyal, Sunny Katyal
KEY PEOPLE Sakshee Katiyal, Honey Katyal, Sunny Katyal
COMPANY | PROMOTERS Home & Soul Infratech Private Limited
PRODUCTS Commercial offices, Shopping Mall, Hotels, Leisure & Hospitality, Retail
AREA SERVED Greater Noida
PROJECTS COMPLETED None
PROJECTS ONGOING Boulevard Walk
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Very Poor
NET WORTH
STRENGTH
COMMITMENT Zero
RISK Delay possession, investment can be stuck
DEBT Yes
LITIGATION  Facing corruption charges in Indian courts
OFFICE ADDRESS Tapasya Corp Heights, Ground Floor
Sector -126, Noida Expressway, Noida, Uttar Pradesh.
Phone: +91 9999980055, +91 1204263460
eMail: info@homeandsoul.com
BUILDER CATEGORY BRONZE

 

Price | Lease Price
Boulevard Walk Mall retail shop, office space, hotel apartments price start from approx:-

UNIT TYPE PRICE (PSF) OTHER CHARGES
Retail Shop 20,000-24,000 EEC/EFC 350
Office Space 7000-10,000 IFMS 50
Hotel Apartments 8000 Lease Rent 250
Power Backup 50
Sinking Fund 100
Car Parking 3,95,000/-
Club Membership 1/- Lakh
Corner PLC 7%
130 MTR PLC 12%
24 MTR PLC 10%
Any 2 PLC 15%

The price is very high for investment for an under-construction Mall type property which possession is uncertain. The price of other charges is also on the very higher side.

Conclusion
The  Boulevard Walk Mall may be the delay for more couple of years. The investments in this project may take a very long time to grow and the price is also already on the higher side, and there is hardly any scope of early growth.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

23 Comments

  1. there are too much supply of Mall type projects in this location of noida extension….

    not a good investment …

    Reply
  2. Construction of this project is very slow, builder can’t complete this project with in given time

    Reply
    • How much more time will it take to complete the project.
      AR has been stopped for two years.

      Reply
  3. Town central and Gaur city mall Noida extension is much better project for investment

    Reply
  4. Concept of bw mall noida extension is , good but there are too much supply of this type of commercially property, big confusion, what to do

    Any suggestions? For good investment

    Reply
  5. Price is two high in this bw mall, noida extension

    Reply
    • AR stopped and no guarantee about finishing and then whether they find buyers or are able to rent out….what to do….should we file a case

      Reply
  6. What is scope of investment on hyper market in this projecttl

    Reply
    • Masood bhai

      investment in this project hyper market is not wise.

      as there are too much supply for this type of space in this location, in a centralized mall type property maintenance cost will be very high.

      if you want to investment in commercial property, bye a ground floor retail main road facing shop in any projects in this location.

      I suggest you bye a shop in Amrapali golf homes main road facing shop, or gaur city mall can be a better option than boulevard walk.

      Ajnara Le Mart commercial shops is also a very good investment

      Reply
      • Sir,want to invest in commercial for rental income

        Reply
  7. Construction is very very slow, I hv office space in this project , no apprection and resale, I feel that it’s total dead investment

    Reply
    • Sir,

      I have shop in this project and I feel like robbed off my money. They are not even returning my money.
      I have already filed a case with consumer court.
      Hoping courts give befitting slap to such thieves.

      Reply
      • Hi Guys, Any update on your booking? Are you getting 12% assured return? How about your office? When they are giving you possesion?

        Reply
        • Jack bro
          When was the assured return supposed to start?
          Are you getting any money back?
          Thank you
          Amir

          Reply
      • Noor Bhai,
        Did consumer court helped in anyway ?
        Thanks

        Reply
      • Are you getting assured return as they promised

        Reply
      • AR stopped and no guarantee about finishing and then whether they find buyers or are able to rent out….what to do….should we file a case

        Reply
  8. Gaur city mall much better investment than this project
    Office space is good investment

    Reply
  9. What is the scope of investment in Augusta Arcade upper ground shop which is a part of Amrapali golf Home Greater Noida West.Cinstruction yet to start.Possession in 18 monthas.Rate Rs 15000/sq feet

    Reply
  10. I’m looking a small investment for food court shop in boulevard walk.
    I m planning for long term or for rental purpose. Is that good for me?

    Reply
  11. What are future prospects for this property selling studio apartments?
    As they are offering 12% assured return on possession and lease guarantee as well. Also they are giving possession till March 2020.

    Reply
  12. If anyone want commercials space office and retail shops in Noida extension contact me.

    Reply
  13. Dear sir

    I m getting a shop of 197 sq feet in 4th-floor opp gaming zone counter at a price of approx 12800/sq feet.
    I am planning to purchase it from investment view to get a monthly rent for the lifetime, would it be a good investment in nearby future as there are a lot of malls and tough competition in the commercial market?
    Thanks in advance
    Regards
    Rakesh

    Reply

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