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
|Construction Status||Under Construction|
|RERA Registration No||Boulevard Walk Mall – UPRERAPRJ7271|
|Start/Launch Date||Before October-2014|
|Possession Date Before RERA||December-2018 (Expired)|
|Possession Date After RERA||March-2020 (Expired)|
|Present Possession Status||still under construction (as on Date July-2020)|
|Construction Stage||Still under construction|
|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 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).
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, Ocean Golden-i, NX One, etc.
All the above-said commercial projects are within the 500-meter radius. All the above said commercial properties/projects are creating an investment competition at this location. There is a big gap in demand and supply. The supply is very high in comparison of the demand of these 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 dependent on the sale of shops/spaces, so the project may be the delay.
Boulevard Walk Mall Price & Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Noida Extension
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD|
|BW Walk Mall||Office-7,000
|Delay, possession date revised several times, RERA date has been passed. slow progress.|
|On-Time, June-2023, deliver several commercial projects on-time in Delhi-NCR|
|Delay, possession date revised several times, now December-2024|
|Gaur City Center||Office-
|Delay, possession date revised several times, now January-2024|
|ATS Kabana High||Office-6,000
|First mega commercial project by this builder, possession May-2026|
|Galaxy Diamond Plaza||Office-6,490
|Delay, possession date revised several times, now September-2020|
|Galaxy Blue Sapphire Plaza||Office-6,499
|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
|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|
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
|Layout Design||Not very impressive||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
|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|
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 Within 3 to 6 Years
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 development by the Home and Soul group (Regal Emporia Infratech Private Limited). 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
|PREDECESSOR||Investors Clinic Infratech Private Limited|
|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 ONGOING||Boulevard Walk|
|DELIVERY TRACK RECORD||Very Poor|
|RISK||Delay possession, the investment can be stuck|
|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
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, so there is hardly any scope of early growth.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH