Review : Investment in GNB Raj Nagar Extension, Ghaziabad, Loss or Profit

Review

CPR Ratings

As per Location
GNB Mall is situated in the bypass road of the Raj Nagar Extension. It’s a 2-side open corner property, both sides are wide roads. It is located on the entry side road of the NH-58 bypass. This project is in the center of the bypass road of Raj Nagar Extension.

GNB is on the way of the people coming from Delhi and Trans Hindon River area, who stayed in Raj Nagar Extension or use to bypass Ghaziabad city traffic. So can say that the location of the GNB (The Great Northern Bazaar), a commercial project is very much impressive.

Possession | Construction Update
The project The GNB Mall (The Great Northern Bazaar) is under construction. This project is already delayed by more than 3 years. The construction is still very slow at this site. So this project may be delayed for more couple of years.

gnb mall, raj nagar extension, ghaziabad

Advantages | Good Factors
The GNB has a wide frontage. This project is properly visible, walkable to the maximum residents of the Raj Nagar Extension. The Maximum retail shops of this project are front facing with a ceiling height is around 12ft. The lower ground floor and upper ground floor front facing shops are ultimate, can say that this is the best location and best layout design commercial property in the Raj Nagar Extension till date.

Raj Nagar Extension is a high-density population area, there are more than 40-thousand residential flats and the GNB is the central location of Raj Nagar Extension. And that is the biggest plus point of the GNB (The Great Northern Bazaar).

The MR Proview GNB is GDA (Ghaziabad Development Authority) approved project, so there is no legal hassle in this project. The GNB Mall is truly a high street retail market with low maintenance charges. There is a proper visitor parking space for stakeholders and visiting guests.

gnb, the great northern bazaar, raj nagar extension, ghaziabad

Drawbacks | Bad Factors
GNB Mall is already delayed by more than 3-years and at present situation, the construction of GNB (The Great Northern Bazaar) is very slow. When it completes its a big question.

As we analyze that  MR Proview GNB, commercial spaces have the loading of approx 50%, it means you pay for 500 sq ft and get only 250 sq ft approx.

GNB Mall, Raj Nagar Extension, Ghaziabad

Products & Developer
This project is developed by MR Proview Realtech Private Limited. It’s a purely commercial property. The GNB Mall is consist of retail shops, hypermarket, and multiplex.

Price | Lease Price
MR Proview GNB retail shops are available for sale, lease price at approx:-

FLOORPRICE (PSF) EXPECTED LEASE PRICE
Upper Ground15,000-20,000100-140
Lower Ground11,000-14,00080-100

The price is reasonable for the investment if the developer completes this project in the new set time frame.

GNB Raj Nagar Extension Ghaziabad Uttar Pradesh

Conclusion 
GNB Mall can be a perfect destination for retail business startups.

The investment of GNB Mall upper ground and lower ground floor front facing retail shops may get a minimum of6% per annum return after completion/possession.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

6 Comments

  1. The builder of this commercial property the GNB is ruined this good location

    Possession date alway extend for new date
    When possession done ?

    Reply
  2. sopi now

    Reply
  3. Small shop

    Reply
  4. Still appears far far away from completion. Don’t exactly know what ails the project, despite such a beautiful location.

    Reply
  5. What will be the shop rent

    Reply
    • Sale shop 135 sqft

      Reply

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