Review : Investment in Supertech SuperNova, Noida Expressway, Loss or Profit

Review

CPR Ratings

Investment in Supertech SuperNova, Astralis office space & Spira studio apartments, Loss or Profit

As per Location
The Supertech SuperNova is situated on the service road of the Noida Expressway. The beauty of this project is that this project is exactly located at Noida Expressway.

The project is facing Mahamaya flyover and Metro station. Supertech Supernova is properly connected to multiple transportation facilities and other civic facilities.

The project is just a 10-minutes drive from Noida Golf Course & sector-18 Noida. The project is also very close to Amity university campus. Supertech Supernova is also very close to National capital Delhi. Overall, Supertech Supernova is properly connected with the main points of Noida, Greater Noida, and Delhi. It’s an approachable location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No Supertech Supernova- UPRERAPRJ7223
Start/Launch Date December-2012
Possession Date June-2019 (still under construction)
Construction Stage Ongoing
Architect Name Modarch India
Construction Company
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion/possession date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Drawbacks | Bad Factors
The Supertech SuperNova is already delayed by more than three years and at present, the construction is very slow. The project is hardly complete in the revised time frame.

As we have seen above, the entire construction is planned well and the locality is also chosen well. The drawback here though is the fact that construction has completely slowed down. With a possession date set in another year’s time, the project has a long way to go for completion. It seems to have already outlived its past expectancy date of completion which has caused a lot of worry in the minds of investors.

The project has been Launched and re-launched several times already with new completion target dates and yet there has been no significant progress. There is not much help from the Noida authority as well on this issue.

The investors who have their money into the project are already trying to sell their property and recover their capital. It has been a cumbersome experience for investors who deal with soft launch projects along with Noida or any other location along with Delhi NCR.

The Noida Authority has turned this area of the Delhi NCR into a nuisance zone. The builders are fear-free and are allowed to do all sorts of nasty things.

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 Supertech SuperNova are now struggling to reach their desired price.

The Supertech Supernova, tallest tower of North India is a mixed-use development, having commercial shops and office spaces on the lower floors, apartments on some floors and then studio apartments, Serviced apartments, hotel, nightclub, Mall and beer bar. How this work in Indian context/ culture? how will security and privacy be ensured for the residents? Even with access controlled elevators, this would be a nightmare to ensure.

The Supertech Supernova is very close to several cremation grounds.

Supertech Supernova Price & Delivery Track Record Comparison With Other Projects/Developers Of Noida Expressway

PROJECT NAME PRICE (PSF) DELIVERY TRACK RECORD/REMARKS
SUPERNOVA ASTRALIS 6,500 Delay Possession
CYBERTHUM 5500-5990 Zero debt, On-Time Delivery, Quality Construction, delivered several commercial projects in Delhi-NCR.
WTC NOIDA CBD 7,650  Not Satisfactory
OH My God Delay Possession, Stuck
ASSOTECH BUSINESS CRESTERA 5990-6190 Delay Possession
Urbtech Trade Centre 6,500 Delay Possession

 

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

Products & Developer
Supertech SuperNova is under development by Supertech Limited. It’s a mix of land use property. The project consists of commercial retail shops, “Aurora” shopping Malls, hotel, The “Astralis” office space, and The “Spira” studio apartments.  At present, commercial shops of the Supertech SuperNova the “Aurora” shopping Mall is not for sale.

Builder Profile | Track Record

  Supertech,builder,profile,track record
PREDECESSOR Supertech Limited
FOUNDED 1995
FOUNDERS Ram Kishor Arora
KEY PEOPLE Mohit Arora, Vikas Kansal, Anil Sharma
COMPANY /PROMOTER Supertech Limited
PRODUCTS Apartments, Villas, Golfcourse, Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail
AREA SERVED Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon)
PROJECTS COMPLETED Shoprix Mall, Supertech e-Square
PROJECTS ONGOING Supertech Hypernova Mall, Super Nova, start in a 2012-till date not completed. Supertech Cape Town- starts 2010
DELIVERY TRACK RECORD delay possession, long wait
NET WORTH
STRENGTH
COMMITMENT Zero
RISK Delay completion, poor construction quality, bank & Noida authority dues
DEBT Defaulter (Builder is in the defaulter list of Noida Authority)

Greater Noida Authority Builder Defaulter List

LITIGATION  Facing corruption charges in Indian courts
 OFFICE ADDRESS Supertech Limited
Supertech House
B 28-29, Sec-58,
Noida – 201307, India
For Enquiry, Call: +91-93100-12345
BUILDER CATEGORY SILVER

At present the Supertech builder facing corruption and unfair trade practice charges in Indian courts. Supertech builder has an extremely poor record to complete their real estate projects in the set time frame.

ALSO READ: TOP 10 Best Commercial Property Investment Projects Noida

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Price | Lease Price
Supertech SuperNova “Astralis” office spaces & “Spira” studio apartments are available in original bookings, the resale price at approx:-

UNIT TYPE SIZE (SqFt) PRICE (PSF)
Astralis Office Space starts from 300 14,000
Spira Studio Apartments 560 12,000-14,000
Spira Ones 9008 15.76/- Cr
Spira Residency 2BHK 1776 2,93/- Cr

Price is already on the very higher side and there is hardly any chance of early growth.

Conclusion
The price of Supertech Supernova office space and the studio apartments/serviced apartments is very high, can say that this is the highest price for any under-construction commercial property in Noida, Greater Noida, and Ghaziabad area and there is not very much scope to grow more in the near future after possession.

Actually, the Supertech builder making fool to investors by creating hype. Supertech builder is filling his pockets, he is not concerned about the interests of investors.

CPR Ratings

Investors Vote
[Total: 6 Average: 2]

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16 Comments

  1. The Supertech Group can very well put its customers under huge distress as they have done in their several projects in the Central Noida and Noida Expressway. This builder has developed a reputation of being a big time cheater. Several residential and commercial projects in the Central Noida, Noida Expressway and Ghaziabad which was supposed to be completed by 2012 to 2015 is still horrendously lacking in schedule and far from completion. The construction material used is painfully below standard which gives you a feeling that the builder has looted you with all your hard earned money. The administration and management is hopeless as they only know to take payments and not how to keep up their promises. All in all it’s not the best choice to invest one’s hard earned money. The Supertech group is one of the biggest defaulters in the Noida as they owe a huge sum of money to Noida Authority. Already handover residential and commercial projects, security and maintenance is also very poor. Please check all the credentials of Supertech Supernova before investing in this project or any other projects of the Supertech builder.

    Reply
  2. Hi
    Myself neeraj arora, basically I am commercial property invester, recently I found this website in google search.

    I read this website many article, it is really great content, knowledge regarding commercial property investment.

    It is a must visit website for commercial property invester
    I advice before buying any commercial property must visit http://www.commercialproperty.review

    There are so many websites that gives you commercial property investment review , all are fake, all r doing businesses of real estate,and making fool to customers

    But this website http://www.commercialpropertyreview is really gives true & experienced feedback regarding commercial property investment

    Reply
    • Sunil Ji I seek your advise regarding Supertech Nova project at Sector 94. I wish to speak, my mobile no.9599676467

      Reply
  3. True feedback , supertech not trusted builder, quality of construction is very poor, already delivered project maintenance is very very poor

    Reply
  4. Supertech biggest fraud builder in Indian real estate industry

    Reply
  5. Fraudient builder, I think government support this builder supertech

    Reply
    • Sir,
      What kind of advice you need sir… ?
      you want more information regarding supertech supernova ?

      Reply
  6. Sunil Ji I seek your advise regarding Supertech Nova project at Sector 94. I wish to speak, my mobile no.9599676467

    Reply
    • Sir what’s the future of spira tower office space in future if builder completes the project

      Reply
  7. This is very good site where people can see the reviews about chooses property for investments.
    I want to know more about Supernova Astralis. Actually I have bought a office space and invested 70% of total value and my purpose for is to get good lease from this office space.
    Should I have to continue or sale this property and if continue then how much time to wait and lease /sqft after possession. Please suggest me.
    Thanks.

    Reply
  8. Hi Pradeep ji

    I also invested 1500 sq ft lockable office in SuperNova Astralis, as we have seen the glazing work is going on my expectation is that max. bu March’19 they will give possession.
    Next question is the leasing part, as i have to take a loan for balance portion i will prefer once the tenant will be finalized then i will pay balance amount.
    Please Guide.
    Please connect me for further updates as i am staying near to Supernova.

    Reply
  9. I am interested for office space in Supernova Astralis. However on doing some research, it came to be known that the property is under collateral with India Bulls
    https://economictimes.indiatimes.com/markets/stocks/news/bears-book-a-home-on-d-street-after-supertech-defaults/articleshow/66268688.cms

    Does this has impact on the buyers in this project if Supertech makes default & can India Bulls takes over the project.

    Reply
  10. I am interested to invest in hypermarket space in Hypermall. Is to recommended to invest. Please guide me on this. Feel free to contact @87******31

    Reply
  11. Hello,
    My money is stuck in stalled project ORB from supertech and they are offering me to move to SUPERNOVA. 65 lakhs are stuck in ORB and they are offering a 2cr plus flat in supernova. Do you recommend the move? I have heard builder is so bankrupt that investors like us will never get any refund back even after court case is settled. Kindly contact on +6583226870 through wats app. Any insight would be helpful.

    Reply
    • Hello sir, Mohit this side from the Bhutani group. Whatsapp me +918375970759. I have an option to adjust your stuck money into Ready to move property.

      Reply
      • Mohit, I am Prakash. I have a property in Supertech’s Eco Village 3. Just wanted to know how you can get my stuck money adjusted/refunded?

        Reply

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