Review : Investment in London Mart, Noida Extension, Loss or Profit

Review

CPR Ratings

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
Start/Launch Date 05-02-2018
Possession Date July-2022
Construction Stage Ongoing, primary
Construction Company C-Tech Infrastructures (Prabhat Kumar Sharma)
Architect Name Space Designers International
Live Updates
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

Advice
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.

Key Point
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

  London Mart, builders,profile,track record
PREDECESSOR
FOUNDED 2017
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 COMPLETED None
PROJECTS ONGOING London Mart
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Very poor, Delay possession
NET WORTH
STRENGTH
COMMITMENT Zero
RISK Delay Possession, No experience of commercial real estate project development and maintenance, Investment can be stuck
DEBT Yes
LITIGATION  Updating Soon…
OFFICE ADDRESS Mart Promoters Private Limited
A-60 A, First Floor, Sector-63, Noida (U.P)- 201301, T: 0120-4613555, E: info@londonmartindia.co.in
BUILDER CATEGORY
BRONZE

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:-

FLOOR  PRICE (PSF)
Ground Floor 18,000-19,000
Lower Ground 17,000-18,000
First Floor 16,000-17,000
Second Floor 14,000-15,000
Office Space 5000

 

London Mart Mall Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Noida Extension

PROJECT NAME PRICE (PSF) POSSESSION RECORD
London Mart Office-6,483
Retail-
Delay, possession date revised several times, now phase-1 July-2022
Mahagun Marina Walk Office-5,990
Retail-28,000
December-2025
Grandthum Office-4,250
Retail-17,990
On-Time, June-2023
NX-ONE Office-5,149
Retail-17990
Delay, possession date revised several times, now December-2024
Gaur City Center Office-
Retail-25,900
Delay, possession date revised several times, now January-2024
ATS Kabana High Office-6,000
Retail-25,000
First mega commercial project by this builder, possession May-2026
Galaxy Diamond Plaza Office-6,490
Retail-24,000
Delay, possession date revised several times, now September-2020
BW Walk Mall Office-6,483
Retail-
Delay, possession date revised several times, RERA date has been passed. still no progress.
Galaxy Blue Sapphire Plaza Office-6,499
Retail-26,000
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

 

Conclusion
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.

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9 Comments

  1. Fake Dubai sheikh have invested fake 100 millions in the project of IDI. They have hired an actor to act like sheikh. Dheeraj Arora is known for such frauds..

    Reply
  2. Hi SG Gupta,
    Can you get your contact? I would like to discuss with you about LondaMart property.
    I have been influenced by seller to but shop.
    However so far I didn’t buy it.
    Thanks & Regards,
    Avinash

    Reply
    • Sir you can contact me. Regarding london mart.

      Reply
    • Dont go for it they are big time frauds.. There first project Galaxy North Avenue 1, come and see conditions first before buying and please take review from people. Also watch this video. Shared link beneth..

      https://youtu.be/TD5Qq5jN-28

      Reply
      • Sir,please call me on no 9899247893 I want to invest in commercial shop in London mart or not

        Reply
    • Sir, I want to planning to invest in London mart project please give me advice

      Reply
      • You can call me my name is abhishek.

        Reply
  3. Fraud builders. They are not refunding my booking amount 51000/- as i cancelled the shop booking. At the time booking. Atul chauhan(sales person) said you can cancel the booking any time and we will refund you back the exact money within 2 days. But now its more than 3 months i am trying for refund, builder are simply saying we are not refunding the amount. Do whatever you can do.
    Fraud people – Atul Chauhan, Amit, Lokesh Sharma and Builder of London Mart

    Reply
  4. The founder is jatin madani not Karan madani

    Reply

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