As per Location
The PKS Town Central is a 3-side open corner property. The project has multiple entry and exits. The elevation and layout design is very impressiverevthe The project is properly visible and walkable.
The PKS Town Central (TC Mall) situated in the prime location of Noida Extension (Greater Noida West). It is located on the entry side 130 ft wide road of Buddha Chowk and surrounding with several residential societies, like The Cherry County, The Supertech Eco Village, The RG Residency, The Radha Sky Garden and The Ajnara Home etc.
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.
Advantages | Good Factors
The Town Central, Noida Extension is 100% visible to all passers coming from Kishan Chowk, Crossings City, Village Shahberi, and surrounding residential societies of the Buddha Chowk. So we can say that the location of Town Central, Noida Extension is Excellent.
The layout, elevation design of the Town Central Mall, is very impressive. The layout designed by architect Mr. Hafeez Contractor & GPM.
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. In fact, investors who are trying to make a sale of their property in the Town Central Mall are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.
The 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 possession of the project.
These days Developer of Town Central Mall, offering many attractive schemes to customers to invest in this property, like the 8% – 12% assured return, lease guaranty, and 50-50 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 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.
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 fact, that Town Central has a prime location project but in this prime location, several other prime location Mall type properties also exist, like, The Gaur City Centre, The Gaur City Mall, The Galaxy Diamond Plaza, The Boulevard Walk Mall, The Galaxy Blue Sapphire Plaza, The Mahagun Marina Walk, The IDI London Mart, The Fusion Ufairia Mall, The Saya South-X, The Servottam Golden i, The NX One etc.
All the above-said projects are in the 500 Meter radius. So all the above projects are creating investment competition at this location. All above-said commercial projects are in the same line/location, same the products and all are commercial Mall type projects.
All the above said Mall type projects are creating investment competition at this location. So the investors can face a tuff competition in leasing and selling their retail shops, office spaces, studio apartments, serviced apartments etc. And can face more critical conditions in the future.
There is a very big gap in demand and supply. The supply is very high in comparison to demand of this same kind of commercial products/projects/properties in this location of the Noida Extension.
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, like The Shipra Mall, The GIP Mall, The 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.
Products & Developer
The Town Central is situated in Buddha Chowk, Noida Extension (Greater Noida West). This project is under developing by the PKS Buildmart Group. It’s a Mall type commercial property. The Town Central consists of commercial shops, office spaces, movie theaters, serviced apartment and Hotel apartment etc. Its 4.5-acre commercial land allotted by Noida Authority. It has 09 floors to develop.
Price | Lease Price
The Commercial retail shops are available in the Town Central Mall at the price INR Rs 19,900/- per sq ft on the ground floor, INR Rs 16900/- per sq ft on the lower ground floor, and office spaces price INR Rs. 5K per sq ft, plus other charges.
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.
According to our estimation, in this project, the investment price should not be more than INR Rs 15000/- per sq ft for the ground floor.
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.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH