Review : Investment in The Core Mall, Ghaziabad, Loss or Profit

Review

CPR Ratings

Investors Vote
[Total: 25 Average: 4]

As per Location
We can see the location of this mall with two logical points.
The First One: Core Mall commercial property investment project (retail shops, office space) is located on the main entry/dividing road of the two residential townships Sushant Aquapolis and the Crossings Republik Ghaziabad. This commercial property investment project is just walking distance from the National Highway-9 (formerly known as NH-24). The Core Mall is just opposite the almost fully occupied residential township  Crossings Republik Ghaziabad. So can say that the location of The Core Mall is very impressive.

Second One: The Core Mall is adjoined with industrial, institutional, and high-dens population areas of Ghaziabad along with NH-9, and these adjoined areas have no multiplex and mall facilities available except the upcoming Core Mall. Which is a very strong point to investment in this property.

Several prominent schools & institutions are in close proximity such as ABES Engineering college, Rayan School, Gurukul School, etc. The Core Mall is also on the way to several higher education institutions of NH-24 Highway. Overall we can say that the Core Mall is an approachable location commercial property.

If we compare Core Mall with other commercial properties/projects of Crossings Republik, then we find that it is the best and approachable location of Crossings Republik.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No The Core Mall UPRERAPRJ9641
Launch/Start Date July-2015
Possession Date (RERA) June-2022
Promoters Name Concept Capital Infra Projects Private Limited
Construction Stage Ongoing
Construction Company Everest Industries Limited
Architect Name Nishant Goel
Land Area 1.304469 Acre
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. The completion date is extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Fact Check 
The Core Mall is a new concept of architecture & design. The retail spaces are perfectly designed for maximum visibility.  Organized commercial office space and Multiplex is the added advantage of this project. Which is a good sign for commercial property investment.

The Multiplex feature of Core Mall attracts youths footfall of nearby areas of Crossings Republik. The project is properly connected with multiple public transportation facilities and other civic facilities. Which is also a good sign for commercial property investment.

The developer has already leased out their retail spaces and office spaces to several multinational well-known brands such as Spencer, Regus, Reliance Retail, etc. Hence he offers post possession lease guaranty to the investors, which is counted as a safe and guaranteed investment return.

The Core Mall is right in the middle of high-density urban rich, high-rise residential areas of Crossings Republik, Ansal Sucant Acuq Polish, and adjoined population of NH-9 (formerly known as NH-24). There are more than 50-thousand highrise residential flats and an urban rich residential population of more than 3-Lakh people and can denser more in upcoming years. Which ensures a great footfall to this commercial property investment project.

The Core Mall is just walking distance from several highrise residential group housing societies such as Mahagun Mascot, Assotech The Canopy, Assotech The Nest, Gaur Global Village, Paramount Symphony, Saviour Greens, Gardenia Square, Agnara Gen X, GH-7 Crossings Republick, Keltech Golf Greens, Sam residency, Divyanch Fabio, Exotica Eastern Court, Kingswood Court, Arihant Ambience, etc. Which will bring a high-class urban rich gentry to this project. And that is a very good sign of investment in the Core Mall retail shops and office spaces.

Why Invest
The sale price of Retail Spaces & Office Space of Core Mall is cheaper in compression of other ready to move commercial properties of Crossings Republik. If we compare the Retail Shops and office space prices among other reputed commercial properties/projects of Crossings Republik and Ansal townships, then we find that the price of The Core Mall is lessor approx INR Rs ₹10,000/- per sq. Ft. Which is an added advantage for commercial property investment. Overall we can say that The Core Mall is an excellent investment for less money if you hold your investment until the possession of the project.

The Core Mall is a fully paid-up land. There are no dues of the concerned development authority, so that is also a plus point for investment.

the core mall,Ansal, Sushant Aquapolis, ghaziabad
Request For Already Invested Owners/Investors

All the property owners/investors, who already invested in this project, please share their views on this project. This will be beneficial for investors who want to invest in this project.
Please share your views on commercialpropertyreview@gmail.com or in the comment box.

Builders Profile | Track Record

  Concept Capital,builders,profile,track record
PREDECESSOR Concept Capital Infra Projects Private Limited
FOUNDED 2012
FOUNDERS Jasmittar Singh, Sandha, Suninder Singh Sandha
KEY PEOPLE Suninder Singh Sandha, Deepti Sandha
COMPANY | PROMOTERS Concept Capital
PRODUCTS Retail, Commercial Offices
AREA SERVED Ghaziabad
PROJECTS COMPLETED Completed several builder floors in Indirapuram Ghaziabad
PROJECTS ONGOING The Core Mall
DELIVERY TRACK RECORD
NET WORTH
STRENGTH
COMMITMENT Updating soon…
RISK Updating soon…
DEBT Updating soon
LITIGATION  Updating soon…
OFFICE ADDRESS PLot-CC1, Sushant Aquapolis, Opposite Crossings Republik, Ghaziabad, UP-201016, T: +91 1202986494, M: +91 8882800300, E: info@conceptcapital.in
BUILDER CATEGORY
SILVER

 

Drawbacks | Bad Factors
All the investment’s better growth depends on timely possession. And maximum of Ghaziabad & Noida Extension Builders are well known for delaying possession. Delay possession kills the growth of our investments and attracts litigations. Maximum commercial and residential projects of Ghaziabad are already delayed for more than 4-5 years.

But the builder is well known for his quality construction & timely possession. So can hope that Core Mall will perform well.

Products & Developer
The Core Mall is situated in the residential township Ansal, Sushant Aquapolis, just opposite the Crossings Republik, Ghaziabad. This project is under development by the Concept Capital Infra Projects Private Limited. The Core Mall consists of centralizing air-condition retail commercial shops, office spaces, food courts, and Multiplex, etc.

Price Appreciation Track Table The Core Mall

YEAR PRICE (PSF) APPRECIATION/REMARKS
July-2015 Office Space-₹9,500
Retail Shop-₹15,500-₹17,500
Launching Price
May-2016 Office Space-₹9,500
Retail Shop-₹15,500-₹17,500
No Change, same as above
October-2017 Office Space-₹9,500
Retail Shop-₹16,500-₹18,500
Resale starts
April-2018 Office Space-₹9,500
Retail Shop-₹16,500-₹18,500
December-2019 Office Space-₹
Retail Shop-₹
January-2020 Office Space-₹
Retail Shop-₹
November-2021 Office Space-₹9,500
Retail Shop-₹25,000

 

Conclusion
The Core Mall is a new concept of architecture. If this commercial property is completed within the revised set time frame, then that would a good investment. 

Overall, all the retail spaces/shops & office spaces of The Core Mall is a good investment option if you hold your investment until completion possession.

Actually, If you want the best returns from the Core Mall investment, you must wait for the completion of the project. And that is subjected to timely possession.

CPR Ratings

Investors Vote
[Total: 25 Average: 4]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.

4 Comments

  1. Location always matter in Commercial project.
    In this review admin saying “The Orbit Plaza Mall, Ajnara Arcade, Newtech La Gracie,Panchsheel Square” are at good location, but in my opinion these project location is worst.

    And most of these Commercial projects are not brand lease prior to sell. Maximum shops are sold for self use. Due to inside location office space are unsold.

    Yes, only few malls are success in the Noida,Ghaziabad. Only one reason of the success of these mall- brands lease done by builder before sale the space.
    Mainly those malls are fail where maximum space sold for self use.

    Reply
  2. What is the latest position of core mall ghaziabad regarding construction of mall

    Reply

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