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 10-minutes distance from NH-24 highway. The project is also just 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
The Town Central commercial project is under construction. The promised date of delivery/possession of the project is in the month of December 2018. After RERA come in force, revised possession date is set for the month of August 2022.

Town Central, Noida Extension, commercial mall

 

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 Investments 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.

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.

These days Developer of Town Central Mall, offering many attractive schemes to customers to invest in this property such as 8% – 12% assured return, lease guaranty, and other greedy payment plans.

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 the 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 carefully.

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.

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 apartment and Hotel apartment, etc. Its 4.5-acre commercial land allotted by Noida Authority.

Price | Lease Price
PKS Town Central retail shops are available in sale and resale, price approx:-

FLOOR PRICE (PSF) OTHER CHARGES
Ground Floor 18000-22000 PLC CORNER 5%
Lower Ground 16000-18000 PLC 130 Mtr Road 12.5% (Ground Floor
First Floor 16000-18000 PLC 130 Mtr Road 7% (Other Floor)
Second Floor 16000-17000 PLC 24 Mtr Road 5%
Food Court 15000-17000
Restaurants 15000-17000

The price is slightly higher for investment. But the PKS Town Central retail commercial shops/space price is low in compression of other surroundings under construction commercial projects of  Kishan Chowk and Buddha Chowk of the Noida Extension (Greater Noida West).

Conclusion
The investment of ground and lower ground floor retail shops may give 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

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

9 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

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