Review : Investment in Town Central, Noida Extension, Loss or Profit

Review

CPR Ratings

As per Location
The PKS Town Central is located on the entry side of 130 feet wide road of Budha Chowk. It is a 3-side open corner property. The project has multiple entries and exit points. The elevation and layout design is very impressive. The project is properly visible and walkable.

PKS Town Central is just a 10-minutes distance from NH-24 highway. The project is also just a 5-minutes drive from Sector 121 Noida. PKS Town Central is just walking distance from the upcoming metro station of Kisan Chowk.

The project is properly visible and walkable. Overall PKS Town Central is an excellent location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No PKS Town Central Phase-1 – UPRERAPRJ7066
PKS Town Central Phase-2 – UPRERAPRJ7355
PKS Town Central Phase-3 – UPRERAPRJ7374
Start/Launch Date July-2017
Possession Date Before RERA – December-2018
Phase-1 – August-2022
Phase-2 – August-2023
Phase-3 – August-2024
Construction Stage Ongoing (All Phases)
Construction Company
Architect Name Gian P. Mathur & Associates Private Limited
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.

 

Advantages | Good Factors
The PKS Town Central is the central location of several high-rise residential group housing societies such as the Cherry County, Supertech Eco Village, RG Residency, Radha Sky Garden and Ajnara Home, etc.  There are more than 15-thousand flats and an urban rich residential population of more than 50-thousand peoples. And that is a very good sign for commercial property investment.

PKS Town Central,  100% visible to all passers coming from Kishan Chowk, Crossings City, Village Shahberi, and surrounding residential societies of the Buddha Chowk.

PKS Town Central is perfectly designed for maximum visibility. Overall the project has a very impressive elevation and layout design.

PKS Town Central ground and lower ground floor main road facing commercial retail shops are properly visible from outside main roads. These retail shops look like high street retail shops. So we advise investment of ground floor commercial retail shops may give excellent returns after completion possession.

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

The commercial project which will give possession first in this location of  Buddha Chowk can give better returns in compression of other commercial projects of this location. And the PKS Town Central construction is on advance stage in comparison of other surrounding projects of Buddha Chowk Noida Extension. Our investments better growth is depends on the possession first. And PKS Town Central is fulfilling this required criterion.

So all Investment’s better growth depends on the possession first. Because of at present there are no ready to move Mall type property/project available in this location of Buddha Chowk Noida Extension.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS- TOWN CENTRAL GRADING
Urban Rich Gentry Middle Class. Supertech, Ajnara, Radha Sky Garden, Cherry County, etc B
Connectivity 5-Minute drive from- NH-24, Sector 121 Noida
10-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 excellent layouts, wide corridors, proper sitting & walking arrangements, highly visible retail A
Multiple Entries Yes A
Visibility Properly visible, corner property A
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, 10-Minute
Police Station -10-Minute
Fire Station 10-Minute
A
Industrial Area Within 2-Km, Ecotech-3, 4, 11, 12 A
Urban/Civic Facilities Maximum facilities available B
Developers Credibility Average B
Price Comparison Reasonable price in comparison to other surrounding commercial projects A
Competitors Within 500-meter radius more than 15 mega commercial projects. Oversupplied commercial location  C
Expected ROI 4% to 6% annually, if completed on or before other surrounding commercial projects. B

 

Key Point | Advice
The PKS Town Central property is best suited if you are willing to hold 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.

The PKS Town Central 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.

ALSO READ: How to Double Your Money Within 3 To 6 Years

 

PKS Town Central, Noida Extension

Drawbacks | Bad Factors
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 PKS Town Central is a prime location project but in this prime location, several other prime location Mall type properties also exist such as Gaur City Centre,  Gaur City Mall,  ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Sapphire Plaza,  Gaur World Street, Mahagun Marina Walk,  IDI London Mart,  Fusion Ufairia Mall,  Saya South-X,  Servottam Golden-i,  NX One etc.

All the above-said projects are in within the 500-Meter radius. So all the above commercial projects are creating investment competition at this location. There is a very big gap in demand and supply. The supply is very high in comparison to the demand. So all the above said commercial projects are creating investment competition at this location. The investors can face a  very tuff competition in leasing and selling their retail shops, office spaces, studio apartments, serviced apartments, etc after completion possession.  And can face more critical conditions in the future.

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 this project depend on the sale of shops/spaces, so the project may be the delay.

PKS Town Central, Greater Noida West

Products & Developer
The PKS Town Central is under developing by the PKS Buildmart Group. It’s a Mall type of commercial property. The Town Central consists of commercial retail shops, office spaces, movie theaters, serviced apartments and Hotel apartments, etc. Its 4.5-acre commercial land allotted by Noida Authority.

Builder Profile | Track Record

  PKS Buildmart, builder,profile,track record
PREDECESSOR Krishna Apra Estates Private Limited, Premaya Developers Private Limited
FOUNDED 2006
FOUNDERS Manish Gupta, Vikas Singla
KEY PEOPLE Manish Gupta, Vikas Singla
COMPANY | PROMOTERS PKS
PRODUCTS Apartments, Shopping Malls, Hotels, Leisure & Hospitality, Retail
AREA SERVED Delhi-NCR ( Delhi, Noida, Ghaziabad, Greater Noida)
PROJECTS COMPLETED D-Mall
PROJECTS ONGOING PKS Town Central
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Poor
STRENGTH
COMMITMENT Quality construction, Finest layout design
RISK Defaulter List of GNIDA
DEBT Updating soon…
LITIGATION  Updating Soon
OFFICE ADDRESS B-127, Sector-63, Noida-201301
Phone: 0120-4200085/86
Email: info@pksbuildmart.com
BUILDER CATEGORY
SILVER

 

The PKS Buildmart Private Limited in the defaulter list of Greater Noida Authority. This commercial project has more than 22-Crore overdue of GNIDA. So invest carefully. Defaulter List of GNIDA

PKS Town Central Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Noida Extension

PROJECT NAME PRICE (PSF) POSSESSION RECORD
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
Grandthum Office-4,250
Retail-17,990
On-Time, June-2023
NX-ONE Office-5,149
Retail-17990
Delay, possession date revised several times, now December-2024
Gaur City Center Office-
Retail-25,900
Delay, possession date revised several times, now January-2024
ATS Kabana High Office-6,000
Retail-25,000
First mega commercial project by this builder, possession May-2026
Galaxy Diamond Plaza Office-6,490
Retail-24,000
Delay, possession date revised several times, now September-2020
BW Walk Mall Office-6,483
Retail-
Delay, possession date revised several times, RERA date has been passed. still no progress.
Galaxy Blue Sapphire Plaza Office-6,499
Retail-26,000
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
Retail-28,000
December-2025
London Mart Office-
Retail-19,990
Delay, possession date revised several times, now phase-1 July-2022
Apex Park Square Retail-24,900 The first mega commercial project, May-2022
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

 

Conclusion
The investment of ground and lower ground floor retail shops may give a 6% per annum return, after completion possession of this project. If this project competes before other surrounding projects of Buddha Chowk, Noida Extension.

CPR Ratings

Investors Vote
[Total: 3 Average: 1.7]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

14 Comments

  1. hi, basically i am real estate investor, but these days residential property market is very down, so now i m interested in commercial property investment, I found this website commercial property review is really doing a great job for commercial real estate investors

    as i analyze that this feedback for Town central noida extension is very good, the design of this commercial project is very good, design of Town central is simeler to shipra mall indirapuram.

    i m interested to purchase ground floor shop in this project… is there any lead for competitive price…

    Reply
  2. Town central noida is much better investment than any other mall type property in nearby this project,

    But construction is very slow, builder can’t complete this project on time

    Reply
  3. Ground floor shops are good for investment
    But construction is very slow

    Reply
  4. I suggest not to invest any mall type property in noida extension,

    Reply
  5. In noida extension there are to much supply for this type of commercial property, I think all investment in this area in this type of property not safe

    Reply
  6. Good project for investment specially ground floor retail shop, is any thing in resale

    Reply
  7. Hi,

    Towne Central Mall
    PKS builder, Noida extension.
    Shop size 206.
    Shop Number – A26
    Block A.
    Possession in Dec 2019
    If anyone interested to buy without any brokerage do call me

    Thanks,
    Munish

    Reply
    • I am interested.. Pls contact me at 9891219263

      Reply
  8. would investment in food court of PKS be Good..? given that there is multiplex above it…
    Can anyone guide

    Reply
  9. It is a common thing that even if the builder is having money, it is okay they don’t want to give authority money on time. In spite of taking money from the bank at higher interest is that they get their construction done with the authorities money. And later they pay the money slowly at 12% interest rate to the Authority.

    Reply
    • And become defaulter like Amrapali. Don’t be misguide investors. It is better to do your job honestly

      Reply
      • Resale price after the opening of Haldiram’s.

        Only one Haldiram’s showroom in whole Noida Extension.

        Parking space is easily & plenty near Buddha Chowk.

        The success gives some guarantee. Apron. 20-25000 flats are fully occupied in the surroundings.

        I want to invest in the Main road shop.

        What will be the Ground Floor & Lower Ground Floor 130 Mtr facing shops prices at possession?

        They have put a huge banner that Haldiram’s is Coming Soon.

        Spice Mall is running because of Haldiram’s and Cinema.

        What will be the price of 130 Mtr GF and LGF shops.

        Please give your expert comments.

        Thanks….

        Reply
      • You run a commercial property review site, you should know that this is what most of the builders do.
        I was only giving the review, Being an admin you should maintain your Patience, Otherwise, the review option should be scrapped whatever you write is fine, You run a side does not mean that you have the worlds biggest economist.

        Reply
  10. If you are thinking to invest in a low budget commercial Property then I will suggest you look
    Bhutani Alphapod

    Reply

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