As per Location
The London Mart Mall is situated at the Buddha Chowk of Greater Noida West. It is a 2-side open corner property. The project is in the central location of several high-rise residential societies such as Cherry County, Supertech Eco Village, RG Residency, Ajnara Home, etc.
IDI London Mart is just 400-meter away from the famous Kisan Chowk. And just a 10-minutes drive from Crossings Republik & village Shahberi. Overall it’s a good location project.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||London Mart – UPRERAPRJ15269|
|Construction Stage||Ongoing, primary|
|Construction Company||C-Tech Infrastructures (Prabhat Kumar Sharma)|
|Architect Name||Space Designers International|
|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|
Drawbacks | Bad Factors
London Mart Mall is a prime location commercial project of Buddha Chowk, Noida Extension. But the drawback is that there is already more than 10 mega Mall type commercial projects are under construction such as Gaur City Center, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Sapphire Plaza, Gaur World Street, Mahagun Marina Walk, PKS Town Central, Fusion Ufairia, Saya South-X, NX-One and Sarvottam Golden-i etc.
There is a big gap between demand and supply. The supply is very high in comparison to demand. All the above-said commercial projects are within the 500-meter radius. All the above said commercial properties/projects are creating an investment competition at this location. So the investors are facing problems in leasing and selling their retail shops, office space serviced apartments, etc in all the above said commercial projects. And can face more critical conditions in the future.
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.
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 and DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss.
The construction and possession of the project depend on the sale of shops/spaces, so the project may be the delay.
REVIEW VIDEO LONDON MART MALL
For a small investor, it’s better to go for small residential societies/sector markets of Noida Extension and visible/pickup road facing ground floor retail commercial shops.
If anyone wants to invest in this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties we advise prefer advance stage construction projects or ready to move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under-construction projects of this location completely.
The London Mart Mall property is best suited if you are willing to hold onto a longer-term for returns as it would take more couple of years (or even more) 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 appreciation of the real estate market in this locality. Which seems fairly uncertain.
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 London Mart 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 London Mart ground floor main road facing commercial retail shops are properly visible from outside main roads. These retail shops look like high street retail shops. So we advise investment of ground floor commercial retail shops will give excellent returns after possession of the project.
These days Developer of London Mart 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. So invest wisely.
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.
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects. This location already crosses the limit of commercial property development. Actually, at present, there is no need for any new commercial projects at 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 there are more than 50-Screen/Multiplex proposed at this location of Kisan Chowk & Buddha Chowk of Greater Noida West. Can’t Understand the logic behind 50-Screen/Multiplex for an under developing locality. While if I compare this location to Indirapuram, where only three 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 the failure of the government. Actually, I think, It,s a pre-planned to loot 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 Virtual Estate.”
Advantages | Good Factors
The ground floor main road facing the retail shop of this project looks like the high street retail shops and properly visible and walkable. All main roads facing the retail shop of London Mart Mall can give excellent returns if they have direct entry from the main roads. i.e 24 meter & 60 meter. Especially the 24-meter road facing shops.
Products & Developer
The London Mart project is jointly under development by the IDI Group, Mart Promoters & Galaxy Group. It’s a Mall type of commercial property. London Mart Mall consists of retail shops, office spaces, movie theaters, banquet hall, hotels, food courts, a 10-screen multiplex, and entertainment facilities, etc.
Builders Profile | Track Record
|FOUNDERS||Karan Madani, Mukesh Jodhani, Tarun Kumar Kukreja|
|KEY PEOPLE||Karan Madani, Mukesh Jodhani, Tarun Kumar Kukreja|
|COMPANY | PROMOTERS||Mart Promoters Private Limited|
|PRODUCTS||Commercial offices, Retail|
|AREA SERVED||Greater Noida, Ghaziabad|
|PROJECTS ONGOING||London Mart|
|DELIVERY TRACK RECORD||Very poor, Delay possession|
|RISK||Delay Possession, No experience of commercial real estate project development and maintenance, Investment can be stuck|
|OFFICE ADDRESS||Mart Promoters Private Limited
A-60 A, First Floor, Sector-63, Noida (U.P)- 201301, T: 0120-4613555, E: firstname.lastname@example.org
The IDI Group & Mart Promoters is a new entry in the builder’s segments except for Galaxy Group. They have a poor record of completing their real estate projects in the set time frame.
Price | Lease Price
London Mart Mall retail shops, office space price start from approx:-
London Mart Mall Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Noida Extension
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD|
|Delay, possession date revised several times, now phase-1 July-2022|
|Mahagun Marina Walk||Office-5,990
|Delay, possession date revised several times, now December-2024|
|Gaur City Center||Office-
|Delay, possession date revised several times, now January-2024|
|ATS Kabana High||Office-6,000
|First mega commercial project by this builder, possession May-2026|
|Galaxy Diamond Plaza||Office-6,490
|Delay, possession date revised several times, now September-2020|
|BW Walk Mall||Office-6,483
|Delay, possession date revised several times, RERA date has been passed. still no progress.|
|Galaxy Blue Sapphire Plaza||Office-6,499
|Delay, possession date revised several times, RERA date has been passed. Now the revised RERA date is July-2021|
|AIMS Central Plaza||Retail-23,000||March-2021|
|Gaur World Street||Retail-25,900||March-2027|
|Apex Park Square||Retail-24,900||The first mega commercial project, May-2022|
|PKS Town Central||Retail-26,000-30,000||Delay, possession date revised several times, Now Phase-1 August-2022, Phase-2 August-2023, Phase-3 August-2024|
|Ufairia Mall||Retail-16,00-20,000||Delay, possession date revised several times, now December-2024|
|Saya South X||Retail-26,500||The first mega commercial project, September-2023|
|Ocean Golden i||Updating||Delay, possession date revised several times, now June-2022|
The investment in the London Mart may take a very long time to grow. Our advice, at present, investment in this project may be risky.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH.