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

Review

CPR Ratings

Investors Vote
[Total: 3 Average: 3.3]

As per Location
We can see the location of this mall with 2-logical points.
The First One: Core Mall is located on the main entry/dividing road of the two residential townships Sushant Aquapolis and the Crossings Republik Ghaziabad. This project is just approx four hundred meters away from the National Highway-24 (NH-24). The Core Mall is just opposite to the almost fully occupied residential township  Crossings Republik Ghaziabad. So can say that the location of The Core Mall is very impressive.

Second One:  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.

Several prominent schools & institutions are in close proximity such as ABES Engineering college, 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.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No The Core Mall UPRERAPRJ9641
Launch/Start Date July-2015
Possession Date (RERA) June-2020
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’. Completion date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Advantage | Good Factors
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 youthful 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.

Fact Check 
The 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 such as Shipra Mall, GIP Mall,  DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss.

The construction and possession of the project may depend on the sale of shops/space so the project may be the delay.

The Core Mall offers several attractive payment plans for investment, such as 12% assured return & lease guaranty payment plans, etc. Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties may be an investment of risk.

Basically, the 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 assured rent to you in the form of EMI. Actually, they are making you fool.

The lease guaranty plan is nothing it’s a marketing trick to making fool to innocent investors. Actually, there is no any 100% proof of lease guarantees.

the core mall,Ansal, Sushant Aquapolis, ghaziabad

Products & Developer
The Core Mall is situated in the residential township Ansal, Sushant Aquapolis, just opposite to 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.

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 None
PROJECTS ONGOING The Core Mall
DELIVERY TRACK RECORD First Project
NET WORTH
STRENGTH
COMMITMENT First Project
RISK First Project
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
BRONZE

 

Price | Lease Price
The Core Mall retail shops price starts at approx:-

FLOOR & UNIT TYPE PRICE (PSF)
Lower Ground (Hyper Market) 15,500
Upper Ground (Retail) 17,500
First Floor (Retail) 16,500
Second Floor (Retail) 15,500
Kiosks 19500
4Th to 9Th Floor (Office Space) 9,500
10Th Floor (Restaurants) 21,500
OTHER CHARGES PRICE (PSF)
PLC Corner 10% of BSP
PLC Road Facing Ext. 5% Int 2.5% of BSP
PLC Park Facing 5% of BSP
PLC Atrium Facing 2.5% of BSP
PLC Mall Facing 5% of BSP
EDC/IDC 250
EEC/FFC 150
Car Parking 03/- Lakh
IFMS 100
Power Backup 20,000/- Per KVA

 

Conclusion
The Core Mall is a new concept of architecture. If this commercial property completed within the revised set time frame, then that would a good investment. It is better to customize the payment plan and go for without an assured return payment plan for investment.

CPR Ratings

Investors Vote
[Total: 3 Average: 3.3]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH.

4 Comments

  1. Hi,
    Very very true feedback.
    The Multiplex is the only advantage of this Mall, otherwise all flop.

    If you want a office near the Crossings or in the crossings republik, The Noida extension is much batter option than the Core Mall.

    there is oversupplied comercial in the Crossings Republik, and the Ansal Sushant Aquapolis is a failed township,

    the profile of this builder is also not good.

    Lease guaranty is nothing and its on the super area basis.

    The Orbit Plaza Mall, Ajnara Arcade, Newtech La Gracie,Panchsheel Square, all are vacant, all are flop show.

    Actually these builders have no concerned about the interest of investors, he is just filling his pockets.

    I am staying in crossings and I have retail commercial shops in the Orbit plaza on the ground and on the first floor…. no takers… total loos… even builder wont buy back.

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

    Reply
  4. This is a complete flop project, Surinder Singh Sandha is a cheater, meets personally at the time of getting investment, and assured return /guaranteed lease is selling tech. only, after investing, none of the assured return is paid, even none of the concerned employee / Surinder Singh do not take calls, they made the number blocked.

    Reply

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