Review : Investment in Ufairia, Noida Extension, Loss or Profit

Review

CPR Ratings

As per Location
The Fusion Ufairia Mall is located on the entry side 130 ft wide road of Buddha Chowk  Greater Noida West. It’s a 3-side open corner property. The project is properly visible and walkable.

The project is surrounding with several residential societies such as Cherry County, Supertech Eco Village, RG Residency, Ajnara Home, etc. The project is just 5-minutes distance from famous Kisan Chowk and upcoming metro station. The project is also just a 10-minutes drive from Knowledge park-5. Overall the Ufairia Mall is an approachable location commercial project.

Possession | Construction Update
The Ufairia Mall commercial project is under construction. The promised date of delivery/possession of the project is in the month of July 2019. After RERA come in force, revised possession date is December-2024.  RERA REGISTRATION No. UPRERAPRJ3924

Ufairia mall noida extension, greater noida west

Drawbacks | Bad Factors
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects, and this location already crosses the limit of commercial property development. Actually, there is no need for new commercial projects in this location of Noida Extension.

It is no doubt that Ufairia Mall is a prime location commercial project, but within a radius of 500-meter, more than 10 mega commercial projects are also under construction such as Gaur City Center, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Sapphire Plaza,  AIMS Central Plaza, Gaur World Street, IDI London Mart, Mahagun Marina Walk, PKS Town Central, Saya South-X, NX-One, Sarvottam Golden-i, etc.

Actually,  all the above said commercial properties/projects are creating investment competition at this location. There is a very big gap in demand and supply. The supply is very high in comparison to demand. So investors can face a very tuff competition in leasing and selling their retail shops, office spaces, studio apartments, serviced apartments, etc in all the above said commercial projects. And can face more critical condition after completion possession.

Now the question is that, what’s the logic behind all these oversupply commercial? Is there any limit? Actually, there is no proper planning and re-planning for commercial development by the concern development authorities Of Uttar Pradesh government. i.e. Noida Authority (Greater Noida Authority)

How much commercial property is needed and when it is needed the Uttar Pradesh government has no planning.  Actually, it’s a System failure and we all are the victims of this pre-planned cheating.

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/spaces, so the project may be the delay.

Ufairia Mall, Buddha Chowk, Greater Noida West

Advice
The Ufairia Mall property is best suited if you are willing to hold your investment onto a longer term for returns as it would take a couple of more years for completion of the property and the market to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within 2-3 km. And this is subjected to the early completion and market appreciation.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year. In fact, investors who are trying to make a sale of their property in the Ufairia Mall are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.

The Ufairia ground floor main road facing retail shops are properly visible from outside main roads. These retail shops look like high street retail shops. All main roads facing retail shop of Ufairia Mall can give excellent returns if they have the direct entry from the main roads. i.e 24 meter & 60 meter. Especially the 24-meter road facing shops. Investment of ground floor retail shops may give excellent returns after possession of the project.

These days Developer of Ufairia Mall, offering many attractive schemes to customers to invest in this property such as 12% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss.

Do not put your hard earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk.

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

Key Point
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects, and this location already crosses the limit of commercial property development. Actually, there is no need for new commercial projects in this location of Noida Extension.

We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension.

This is really very strange, that in this location of Kisan Chowk & Buddha Chowk, there are more than 50 Screen/multiplex proposed. Can’t Understand the logic behind 50 Screen for a new under developing locality. While if we compare this location to Indirapuram there are only 3-Mall and approx 12 screens. While the Indirapuram is a high-density population area.

There is no planning or re-planning for commercial development in this location of Noida Extension (Greater Noida West) area by the Uttar Pradesh government or can say that the failure of the government. Actually, It seems like a pre-planned loot of our hard earned money in the name of investment and growth.

So My Dear friends “Dikhave Pe Mat Jao Apni Akal Lagao …. It is Real Estate Not the Virtual Estate”.

Products & Developer
The Ufairia is under developing by the Fusion Builder( . It’s a Mall type commercial property. The Ufairia consists of commercial retail shops, office spaces, movie theaters, club and entertainment facilities, etc. The Ufairia commercial shops and office space are available in various sizes.

Builder Profile
The Fusion builder is the new name in the real estate industry.  The Fusion builder has the extremely poor record of completing their real estate projects in the set time frame.

Price | Lease Price
Ufairia Mall retail shops & office space price start at approx:-

FLOOR UNIT TYPE PRICE (PSF)
Ground Floor Retail Shop 14,000-16,000
First Floor Retail Shop 12,000-13,000
Second Floor Retail Shop 10,000-11,000
Third Floor Retail Shops 9000
5th to 16th Office Space 5000

The Ufairia retail commercial shops/space price is low in compression of other surroundings under construction commercial projects of the Kishan Chowk and Buddha Chowk of Noida Extension.

Conclusion
The Ufairia is best suited if you can hold your investment until completion/possession. Overall, the investment may take a very long time to grow.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

1 Comment

  1. I am really concerned to put the hard earned money in a project which is under construction, not the best of the builders and where it seems we don’t have any control as well as per agreement. Ground Realty,true feedback

    Reply

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