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
|Construction Status||Under Construction|
|RERA Registration No||Neo Square – 109 OF 2017.|
|Expected Possession Date by the Developer||December-2020|
|Possession Date (RERA)||August-2021|
|COVID-19 Lockdown Status||COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government|
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.
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|
|Connectivity||Walking Distance-Dwarka Expressway, Sector 109, 106, 105 & Sector 110.
Nearest Metro Station-12Km (Huda City Center)
Airpot-15-Minute drive (IGI Airport)
|Layout Design||proper sitting & walking arrangements, highly visible, International standards office space||A|
|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|
|Public Security||Police Station -15-Minute
Fire Station 15-Minute
|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|
|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.
Products & Developer
Neo Square is under development 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
|PREDECESSOR||Neo Developers Private Limited|
|FOUNDERS||Krishan Lal Anand, Ashish Anand|
|KEY PEOPLE||Ashish Anand|
|COMPANY | PROMOTERS||Neo|
|PRODUCTS||Commercial Offices, Retail|
|AREA SERVED||Delhi, Gurugram|
|PROJECTS ONGOING||Neo Square|
|DELIVERY TRACK RECORD||Poor|
|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: email@example.com
NEO SQUARE Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Dwarka Expressway
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD/REMARKS|
|On-time, finest layout design|
|Delay, Possession date revised several times|
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 completed before the Conscient One & Indiabulls One-09 than this project may give excellent returns to investors.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH