Review : Investment in AIPL Joy Street, Sector 66, Gurugram, Loss or Profit

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CPR Ratings

As per Location
The AIPL Joy Street commercial complex is situated on the 60 Meter wide road of sector 66 Gurugram. It is a 3-side open corner property. The project is surrounded by several ready to move and under construction residential societies.

The elevation & layout design of the AIPL Joy Street is very attractive. There are more than four thousand ready to move flats and an urban rich residential population of more than eight thousand people, which is a very good sign for commercial property investment i.e. AIPL Joy Street.

The AIPL Joy Street caters to an immediate catchment of a big crowd of the sector 66, 65, 61 and sector 67 residential societies. It’s a truly high street retail open market to cater to all kind of shopping, fine dining, and entertainment, fun, business needs of Golf Course Extension Road residents. The AIPL Joy Street is properly visible and walkable to every resident of nearby localities. So can say that the location of the AIPL Joy Street is excellent.

The AIPL Joy Street is a project offering the perfect integration of retail, commercial, hospitality, and entertainment in a single compound. The project is appealing not just from a design, location and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “AIPL Joy Street” will have four different sections to it namely the Hospitality, Business first, Leisure and Entertainment. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.

Possession | Construction Update
The AIPL Joy Street is under construction. At present, the construction is in full swing. The promised date of delivery/possession is in the year of April -2019. AIPL JOY  STREET RERA Registration No is: 157 OF 2017

AIPL Joy Street, Sector 66, Golf Course Extension Road, Gurugram

 

Advantages | Good Factors
The Layout design of AIPL Joy Street is world class. The ground floor and first floor commercial retail shop of this project is properly visible and looks like the high street open market. The ground and first floor retail shops are perfectly designed for maximum visibility to every shop. So the investment in the ground floor and first floor retail shops can give excellent returns in near future, especially the ground floor retail shops.

The AIPL Joy Street is featuring new methods Serviced Apartments because not only they are fully-furnished and fully-serviced, but also because they are multi-purpose and economical alternatives to hotels for travel executives and other guest executives to stay for short and long periods of time.

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

AIPL Joy Street, Sector 66, Golf Course Extension Road, Gurgaon

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-AIPL JOY STREET GRADING
Urban Rich Gentry High Class, Upper Middle Class. Within Walking distance, M3M, Emaar MGF, Adani Brahma, etc A1
Connectivity 5-Minute drive from- sector 65, 66, 49 & sector 50 of Gurgaon
10-Minute drive from- Sohna road.
Nearest Metro Station 29-Minutes (Huda City Center)
International Airport-22.5Km (IGI Airport
A
Layout Design Excellent, Grand ceiling heights, full of vigor and vitality, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space A
Multiple Entries Yes A
Visibility Highly visible, corner property, wide frontage A
High-Density population Within a radius of 500-meter more than 25-Thousand Flats and 1-Lakh urban rich people and can denser more in upcoming years. A1
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Within 2-Km, Badshahpur A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Quality Construction & Maintenace, GOLD Standard Developer A
Price Comparison Competitive price A
Competitors Several competitors within a radius of 500-Meter B
Expected ROI 6% to 8% Annually A

 

Advice
The AIPL Joy Street is the right choice for investment for those who are looking for ROI within a year or so. They can get a real appreciation of value for resale in a couple of years.

The AIPL Joy Street ground floor and first floor retail commercial shops are much better investment options than office space and serviced apartments of this project.

These days the developer of the AIPL Joy Street, offering many attractive schemes to customers to invest in this property such as the 12% assured return, lease guaranty, and other greedy 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.

AIPL Joy Street, Sector 66, Golf Course Extension Road, Gurugram

Key Point
If construction/possession of the AIPL Joy Street is complete in the set time frame or on before set time frame than this commercial project will give excellent returns to investors because at present there is no ready to move, good location Mall/High Street retail/entertainment facility type project available for nearby residents of Golf Course Extension Road Gurgaon.

Drawbacks | Bad Factors
Sector 61, 62, 65 and sector 66, is already cross the limit of commercial property development. Actually, there is no need for new commercial projects in this location i.e. Golf Course Extension Road. But to see the prime location, advance stage construction, and excellent layout design/concept, we can hope that the AIPL Joy Street will perform well.

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

Products & Developer
AIPL Joy Street is under developing by the AIPL Group (Advance India Projects Limited). It’s a commercial property. This project consists of Ground & First Floor: High Street Retail | Second Floor: Food Courts, Restaurant, and a Flea Market | Third & Fourth Floor: Multiplex- Movie Theaters | Fifth to Seventh Floor: Serviced Offices and Serviced Apartments.

Builder Profile | Track Record 

 
PREDECESSOR Advance Indian Projects Limited
FOUNDED 1997
FOUNDERS Gurdeep Singh, Rachpal Singh
KEY PEOPLE Harpreet Kaur Gadh, Shabeg Singh, Harinder Singh, Jagdish Kaur, Jasvinder Singh Vohra, Daljeet Singh, Gurdeep Singh, Bala Krishna Pandey
COMPANY | PROMOTERS AIPL
AREA SERVED PAN India, Delhi ( NCR), Punjab, Rajasthan, and Maharashtra
PRODUCTS Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail, Apartments
PROJECTS COMPLETED Gurugram:- The Masterpiece | Delhi:- Okhla Industrial Estate Phase-3, | Noida:- Greenfort, | Amritsar:- The Celebration Mall, | Udaipur:- The Celebration Mall, | Gobindgarh:- Celebration Bazar
PROJECTS ONGOING Gurugram:- AIPL Business Club, AIPL Joy Street, AIPL Joy Square, AIPL Joy Central, | Jalandhar: AIPL Joy City
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Good
NET WORTH
STRENGTH
COMMITMENT Quality construction & maintenance
RISK Updating soon…
DEBT Yes
LITIGATION  No case in the Indian courts
OFFICE ADDRESS Registered Office
The Masterpiece, Golf Course Road,
Sector – 54, Gurugram – 122 002,
Haryana
Tel: +91 – 92111 60000
Fax: +91 – 92111 80000
Email: connect@aipl.com
BUILDER CATEGORY
GOLD

The AIPL Builder ( Advance India Projects Limited) has a good market reputation in the real estate industry. He has successfully handover several residential and commercial projects in the Gurugram (Gurgaon). So the investor can invest in this project without any hassle.

Price | Lease Price
AIPL Joy Street retail shops & serviced apartments price start from approx:-

UNIT TYPE SIZE (Sq Ft) PRICE (PSF)
Ground Floor Shop 350 Onwards 17,500-21,5000
First Floor Shop 300 Onwards 11,600-17,000
Serviced Apartments 672 7500-9000
Office Space As per requirement 6500-7500

The price is reasonable for investment.

AIPL Joy Street, Sector 66, Golf Course Extension Road, Gurugram

Conclusion
The AIPL Joy Street is good for retail business startups.
The investment of AIPL Joy Street may get a minimum of 6% per annum return if the builder complete this project on or before set time frame.

Servicesd Apartments of AIPL Joy Street can be a good investment option if they are pre-leased to any reupted hospitality brand.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH 

6 Comments

  1. Hi,
    Really a very Good location project for investment. I am interested to buy a ground floor front facing shop in this project. If any one want to sale their ground floor front facing shop please contact me.

    Reply
  2. The AIPL joy Street, lauout design is very nice especially the ground floor shops.

    Last year I have booked a retail shop in ground floor,
    Can any one tells me whats the resale price now a day’s?

    Reply
  3. Most preferred project for commercial property investment
    Price is also reasonable , AIPL joy street office space also good investment.

    True feedback, good article

    Reply
  4. The AIPL Joy Street is the best place for investment in Golf course extension road, Gurgaon

    Reply
  5. Any one can suggest between JOY central and JOY Street with respect to safe and potential appreciation capability. Budget around 85-90 lakhs.

    Reply
  6. i am interested a small retail shop in joy central or street. my budget is 90-95 lac

    Reply

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