Review : Investment in Neo Square, Dwarka Expressway, Gurgaon, Loss or Profit

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CPR Ratings

As per Location
Neo Square is situated in sector 109 Dwarka Expressway Gurugram. Neo Square is just a 15-minute distance from Delhi International Airport and very well connected with the main points of National Capital Delhi &  Gurgaon. Neo Square commercial project is 100%  visible and walkable from Dwarka Expressway. The project is just walking distance from Dwarka Expressway. Huda City Center Metro Station is just 12-km away from Neo Square.

Neo Square is the central location of several high-rise residential group-housing societies. And which is a very good sign of commercial property investment.

Neo Square is properly visible and walkable for sector 109, 106, 105 & sector 110 residents. The project is also easily accessible for the passers of Dwarka Expressway. The project is very well connected to multiple public transportation facilities and other civic facilities. Overall Neo Square is an excellent location project.

Possession | Construction Update
Neo Square is under construction. The promised date of delivery/possession is in the year of December-2020. According to RERA possession date is August-2021. Neo Square  RERA registration no. is  109 OF 2017.

Neo Square, Sector 109, Dwarka Expressway, Gurugram

Key Point | Advice
The sector 109 Dwarka Expressway has 3-mega commercial projects such as Conscient One, Neo Square and Indiabulls One-09. All the above-said commercial projects are under construction and very close to each other.

The commercial project which will give possession first in this location of sector 109 Dwarka Expressway can give better returns in compression of other commercial projects of this location.

Our Investment’s better growth depends on possession first. Because of at present there are no ready to move Mall type property/project available in sector 109.

If anyone wants to invest in sector 109 Dwarka Expressway commercial projects/properties, we advice prefer advance stage construction projects or ready to move projects. We strongly advise avoiding delay construction and primary stage under construction commercial projects of this location completely.

Neo square, sector 109, dwarka expressway, gurgaon

Advantages | Good Factors
Sector 109, Gurgaon is a high-density population area. There are a huge urban rich residential population surroundings of Neo Square. There are more than 10-thousand flats and an urban rich residential population of more than 50-thousand people and can denser more in upcoming years. Which is also a very good sign for commercial property investment i.e. Neo Square.

If the construction/possession of Neo Square Mall is complete before the Conscient One & the Indiabulls One 09 than this project can give excellent returns to investors because at present there is no ready to move retail/Mall/commercial  project available in the sector-109, 106, 105 and  sector 110 of Dwarka Expressway, Gurgaon to cater daily needs and other shopping & entertainment needs for the residents.

There are several urban rich residential ready to move and under-construction projects such as the Sobha International City, ATS Kocoon, Raheja Atharva, Raheja Shilas, Raheja Revanta, Chintels Paradiso, Indiabulls Enigma, and Sidhartha Group housing, etc. Which is also a very good sign for commercial property investment.

The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests.

The public transport facilities and other civic facilities to this project can be improved after completion of Dwarka Expressway.

The retail spaces of  Neo Square are perfectly designed for maximum visibility. The ground floor retail shops are good for well established branded showrooms. The investment in the ground floor retail shops is good for retail business startups and regular rental income.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS- NEO SQUARE GRADING
Urban Rich Gentry Upper Middle Class, Middle Class, Lower Middle Class. Residential societies within a radius of 500-Meter-Sobha International City, ATS Kocoon, Raheja Atharva, Raheja Shilas, Raheja Revanta, Chintels Paradiso, Indiabulls Enigma, and Sidhartha Group housing, etc A1
Location Prime Location A
Connectivity Walking Distance-Dwarka Expressway, Sector 109, 106, 105 & Sector 110.
Nearest Metro Station-12Km (Huda City Center)
Airpot-15-Minute drive (IGI Airport)
A1
Layout Design proper sitting & walking arrangements, highly visible, International standards office space A
Multiple Entries No C
Visibility Average B
High-Density population More than 30-Thousand Flats and 1-Lakh urban rich people within walking distance and can denser more in upcoming years. A
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Within 3-Km A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Not Satisfactory. BRONZE standard Developer D
Price Comparison Competitive Price A
Competitors A-Few B
Expected ROI 4% to 6% Annually B

 

Drawbacks | Bad Factors
These days the developer of the Neo Square, offering many attractive schemes to customers to invest in this property, like the 11% assured return and lease guaranty payment plans, etc.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price to you and return your hard-earned money in the name of the assured return & monthly rent to you in the form of EMI.

Actually, the assured return plan is a trick of fundraising. The Real estate developer sells its non-salable property with a greedy plan on a very higher price, to innocent customers in the name of assured return. They are making you fool.

The development and the construction of the Neo Square, sector 109, Dwarka Expressway, Gurgaon commercial project will depend solely on the speed at which the retail shops, office spaces, and other products are sold out.

The Maximum Mall or Mall type properties are not the good and safe investment options in the Gurugram and Delhi area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls is running fine in Gurugram and Delhi area such as Ambience Mall, DLF Mega Mall, MGF Metropolitan Mall, and Select City Walk, Saket, New Delhi, etc otherwise all other Mall type properties are the investment of 99% loss.

As we analyze that there are almost no construction activities or very slow construction in the entire Dwarka Expressway sectors (New Gurgaon). The development planning of the state government has been moving at a snail’s pace.

The Dwarka Expressway (New Gurgaon) township has been under construction/development since the last 08 years, nobody knows when it will be complete.

The Gurugram Metropolitan Development Authority (GMDA) has turned this area of the Dwarka Expressway into a nuisance zone. The builders are fear-free and are allowed to do all sorts of nasty things.

Neo Square, sector 109, Dwarka Expressway, New Gurgaon

Products & Developer
Neo Square is under developing by the Neo Developers Private Limited. It’s a commercial project. Neo Square consists of centralized air-condition retail shops, office spaces, movie theaters, food courts, swimming pool, and entertainment facilities, etc. It’s a Mall type property.

Builders Profile | Track Record

  Neo Square, Builder,profile,track record
PREDECESSOR Neo Developers Private Limited
FOUNDED 2007
FOUNDERS Krishan Lal Anand, Ashish Anand
KEY PEOPLE Ashish Anand
COMPANY | PROMOTERS Neo
PRODUCTS Commercial Offices,Retail
AREA SERVED Delhi, Gurugram
PROJECTS COMPLETED None
PROJECTS ONGOING Neo Square
DELIVERY TRACK RECORD Poor
NET WORTH
STRENGTH
COMMITMENT ???
RISK Delay possession
DEBT Updating soon…
LITIGATION  Facing unfair trade practice charge in Indian courts
OFFICE ADDRESS Neo Developers Pvt. Ltd
1205, Tower B, Signature Tower, South City-I, NH-8
Gurugram, Haryana – 122001
Phone: +91-7042121212, 9810222799, +91-0124-4066000. eMail: info@neodevelopers.com
BUILDER CATEGORY BRONZE

 

Price | Lease Price
Neo Square retail shops and office space price start from approx:-

CATEGORY PRICE
Retail Shops 50/- Lakh to 4.8/- Cr.
Office Space Updating soon

The price is slightly high for investment.

Conclusion
The Neo Square is good for retail business startups.
After analyzing all the above facts that all investments better growth depends on the possession first. If the construction/possession of Neo Square Mall is completes before the Conscient One & Indiabulls One-09 than this project may give excellent returns to investors.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

23 Comments

  1. This project can perform better if they focused on construction than advertisement/marketing

    Reply
    • Yes you r right sir

      Reply
  2. I purchased 2 shops in Neo square (Gurugram) as a retirement investment. I have made almost 95% of the payment, of all my life long savings. Till date I haven’t received any maps, any possession any kind of location or access to my shops.
    And now they are trying to sell my properties to someone else.
    They are cheating me.
    I have been corresponding with them for months but Neo square is not helping me. They are frauds and cheats. Please be careful

    Reply
    • What are the shops you had purchased and what rate and when?

      Reply
    • I am facing similar issue. Please share your contact number.

      Reply
    • Our customer satisfaction in our top priority and it’s really sad if someone goes through such problem. This is why we already called you and resolved the misunderstanding that you faced. We gave you every privilege that we provide to our customers and gave you all the information to settle the case on which we mutually agreed upon. Furthermore if you still want to access any sort of information like location maps, possession date, etc. you can check it from Haryana RERA website. Neo Square is known for their dedication to fulfill their customer’s goals which we have been doing it on continuous basis. However any such attempt to defame the brand can never be tolerated. This matter Has been resolved in the HRera copy of the order is available at HRERA website for all to view and see the farce in allegations made to defame and spoil of a company who is committed to deliver on all promises

      Feel free to contact us if any of you have any further queries 01244180365 or mail at neocare@neodevelopers.com.

      Reply
    • File the complaint with RerA they will help you

      Reply
    • ramavtar ji I invested in the same project and felt cheated kindly contact me. if anyone created a group against this builder kindly add me or share your numbers so that a group can be created. I am facing return issues kindly contact

      Reply
      • Hello, Niharika
        Thank you for your valuable comment. Can you please share what problems exactly you are facing? So that we can help you

        Reply
  3. Hi ,
    Are there anyone who has invested in this Mall?
    Shall we create a Whatsapp group and collaborate on this ?
    I got a reply recently from them regarding the funds. They are now saying they have problems with funds and cannot repay the returns they guaranteed.
    I invested 2 years back in this mall and now i see construction is really slow and they now there are problems in repaying my funds.

    Reply
    • I had also purchased a shop in this mall , pl. creat a group of Neo Square buyers, so that we can pursue jointly.

      Reply
    • Customer satisfaction is our top priority we’re available round the clock to help you resolve your issues. A dedicated team is setup just to answer all your queries. No need to panic simply bring all your questions to us, we’re happy to sit with you and resolve all your concerns. Feel free to contact us if any of you have any further queries 01244180365 or mail at neocare@neodevelopers.com

      Reply
  4. Please give ur contact no. as I have also invested just a week ago in neo square

    Reply
    • Customer satisfaction is our top priority we’re available round the clock to help you resolve your issues. A dedicated team is setup just to answer all your queries. No need to panic simply bring all your questions to us, we’re happy to sit with you and resolve all your concerns. Feel free to contact us if any of you have any further queries 01244180365 or mail at neocare@neodevelopers.com

      Reply
  5. I have also invested in this project, did any ones visited the project site? What’s the progress?

    Reply
  6. I am facing a similar issue. No returns given. Also, nobody responding from office.
    Please share the contact number for further discussion. Please contact on 9667764759

    Reply
  7. YES, the company doesn’t have fund….when I first visited they told me lot of things on finding things ok I made advance payment…..but at time of signing BBA…I found things told verbally were not on paper…. further many terms and conditions were against us…..Then & There only I cancelled the deal….and now just writing and calling them to get my money back

    Let’s all get together to fight against them …and stopping them from using our hard earned money

    Reply
    • I did this before making advance. I was shocked to see the clauses in BBa and mou. All favours the builder not even neutral. If they to have 30000 Sq ft in a floor assures 9 percent or 11 percent and you cannot use or lease. They keep some Sq ft with them. If the mall functions then on 1st 3 year lease they will pay only 9% even when the market offers 15%. 6 percent earned on every Sq ft will be booked in unsold space as revenue. Why SBI is not approving the project is also a question. Next project to this conscient one is approved by 8 banks. Be careful and always spend 10000 towards lawyer fees to take a good legal opinion and due diligence of title deeds and other licences. All retails investors are penny wise and pound foolish. My sincere advise take legal opinion and understand all clauses before taking a decision.

      Reply
    • Yes whatsoever stated verbally is contradictory in papers. If the unit is not leased out then the Allottee will pay for electricity, why?

      Reply
    • Dear Mr. Sharma,

      Thank you for your feedback..however, please stopped spreading false statements about our reputed company.
      As we received a legal notice from your end, we have sent a reply to it. Please check. Also with regards to refund, It will be processed as per policy and you will be notified by the CRM Department.

      Feel free to contact us if any of you have any further queries

      Reply
  8. When calling to CRM Deptt. they are very rude and don’t give any reply to your questions regarding cheque bounced of their assured return cheques.

    Reply
    • Hi, thank you for your valuable comment. Can you share your experience in detail?

      Reply

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