As per Location
The Vardhman Alfa Square is located at the main roundabout of the Alpha Commercial Belt. It’s a corner three side open commercial property. The Vardhmans Alfa Square has the prime location of the Alpha Commercial Belt, Greater Noida.
Now, this project is on the Metro Track, and very close to the upcoming Alpha Commercial Belt Metro Station. This commercial property faced to the JP Golf Course. So can say that the location of the Vardhmans Alfa Square is very prime.
Possession | Construction Update
The Vardhman Alfa Square is under construction. This project is already delayed by more than 4 years, and now a day the construction of this project is very slow. So the possession of the Vardhaman Alfa Square is uncertain, and this project can be delay more.
Drawbacks | Bad Factors
Actually, the Greater Noida is a low-density population area. The Alpha commercial Belt is already sufficient to cater daily shopping needs of the nearby residents of Alpha Sector. Already several big brands retail stores working fine in the Alpha Commercial Belt’s commercial complexes. So at present, there is no need for a new retail commercial project in this area.
Already many ready to move office spaces and retail commercial shops are vacant/available for sale and lease in the Alpha Commercial Belt commercial complexes.
The Ansal Plaza Mall is nearby the Vardhamns Alfa Square and which is in the services for more than eight years. There is more than 50 percent of retail space are vacant in the Ansal Plaza Mall.
The Ansal Plaza Mall is a much better location and bigger brand than the Vardhman Alfa Square. So to say it means that there is no need for more retail Mall type property in this area.
There are another under construction Mall type projects in the Alpha Commercial Belt named the Omex India Trade Center, which is near the possession. The Omex India Trade Center is a much better option for investment than the Vardhmans Alfa Square.
So the both above said commercial retail projects/properties are creating investment competition at this location. There is a big gap in demand and supply. The Supply of such type of commercial properties in this location is very high but the demand is very low. So the investors can face problems in leasing or selling their retail shops, office spaces and studio apartments in both commercial projects.
Products & Developer
The Vardhman Alfa Square is situated in the Alpha Commercial Belt, Greater Noida. This project is under developing by the Vardhman Estates. The Vardhmans Alfa Square is consists of retail commercial shops, office space, Hotel, entertainment zone, and the movie theaters etc. It’s a Mall type property.
The Vardhman builder has an extremely poor record of completing their real estate projects in the set time frame, not even a single real estate project in Delhi-NCR is completed in the set time frame.
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 Greater Noida is a well-planned city. There are so many well planned residential townships, flats, societies, Schools, colleges, and universities, but there are no industries, manufacturing units, and other business industries.
There is a lot of hooliganism in the Greater Noida that’s why it is difficult to do business here. We can say that the Greater Noida is no gentlemen’s land.
The maximum residential societies/flats are vacant or low population density and most of these are colleges’ students. At present, the Greater Noida has become an education hub.
At present situation construction of The Vardhmans Alfa Square is very slow so this project is hardly completed in the new set time frame. This project The Vardhmans Alfa Square construction started in the year 2012 but till date project is not completed and these days there is almost no construction activity or very slow construction at this site.
This project The Vardhmans Alfa Square has launched relaunched many times since 2012. We advise investors never invests in any soft launch project, at least in the Greater Noida or any other remote location of the Delhi NCR.
The Noida Authority has turned this area of the Greater Noida into a nuisance zone. The builders are fear free and are allowed to do all sorts of nasty things.
Advantages | Good Factors
The Vardhman Alfa Square, ground floor main road facings retail shops are properly visible, it is like the high street retail shops. So these main roads facing shops can give good returns in the future.
There is enough space for parking vehicles in the Alpha Commercial Belts.
Right now the Vardhmans Alfa Square office space price is INR Rs. 8K per sq ft plus other charges. The retail shop’s price is INR Rs. 20K sq ft on the ground floor, INR Rs 16K per sq ft on the first floor and INR Rs. 14K per sq ft on the third floor plus other charges.
The price is high for investment in the Vardhmans Alfa Square, Alpha Commercial Belt, Greater Noida.
After completion/possession, the Vardhmans Alfa Square ground floor front facing shops can be the lease at the price of INR Rs. 100 sq ft to 120/- sq ft per month and the office spaces can be lease at the price of Rs 30/- per sq ft to INR Rs 40/- per sq ft per month.
The Vardhmans Alfa Square is not suitable for new business startups.
Actually, the investment will take a very long time to grow in the Vardhmans Alfa Square ( Vardhman AS).
After analyzing all the above facts our advice to investors and business startups that the investment in The Vardhmans Alfa Square may not very fruitful.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH