Review : Investment in Mahagun Marina Walk, Noida Extension, Loss or Profit

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As per Location
The Mahagun Marina Walk situated at 130-Ft wide road of Buddha Chowk Greater Noida West. Its a 3-side open corner property.  The project is properly visible and walkable.

The Mahagun Marina Wwalk is just walking distance from the famous Kisan Chowk. It is just a 10-minutes drive from NH-24 Highway. The project is just a 5-minutes drive from sector 121-Noida. The project is also the 10-minutes drive from the high-density population area of Crossings Republik & Village Shahberi.

The Mahagun Marina Walk is surrounding by several high-rise residential apartments. So can say that the location of Mahagun Marina Walk is very impressive.

Possession | Construction Update
The Mahagun Marina Walk is under construction. The project construction is in the primary stage. The promised date of delivery/possession according to UPRERA is in the year of December-2025. RERA Registration No of Mahagun Marina Walk: UPRERAPRJ17532

Mahagun Marina Walk, Noida Extension, Greater Noida West

Drawbacks | Bad Factors
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 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 (Greater Noida West).

There is no doubt that Mahagun Marina Walk is a prime location project but in this prime location, several other under-construction Mall type properties also exists such as  Gaur City Centre, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Saphire Plaza,  IDI London Mart, PKS Town Central, Ufairia Mall, Saya South-X, NX-One, Sarvottam Golden i etc.

All the above-said commercial projects are within the 500-meter radius.  There is a big gap in demand and supply. The supply is very high in comparison to the demand All above said commercial properties/projects are creating investment competition at this location. So in future investors can face problems in leasing and selling their retail commercial shops and office spaces, studio apartments, serviced apartments in all the above said commercial projects. 

These days Developer of Mahagun Marina Walk, offering many attractive schemes to customers to invest in this property such as 11% 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 carefully.

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.

Now the question is that, what’s the logic behind all these oversupply commercials? 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 are 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.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-MARINA WALK GRADING
Urban Rich Gentry Middle Class. Supertech, Ajnara, Radha Sky Garden, etc B
Connectivity 5-Minute drive from- NH-24, Sector 121 Noida
10-Minute drive from- Sector-79, 76,117,120, & sector 121 of Central Noida.
Nearest Metro Station 15-Minutes (Sector 52)
Domestic Airport-23Km (Hindon Airport)
Ghaziabad Railway Station-16Km
A
Layout Design Good, Properly visible retail & Offices A
Multiple Entries Yes B
Visibility Properly visible, corner property B
High-Density population Within 500-Meter radius more than 20-Thousand Flats and 60-thousand people and can denser more in upcoming years. A
Youthful Footfall No Higher education Institutes B
Public Security Mahila Thana-Ecotech-3, 10-Minute
Police Station -10-Minute
Fire Station 10-Minute
A
Industrial Area Within 3-Km, Ecotech-3, 4, 11, 12 A
Urban/Civic Facilities Maximum facilities available B
Developers Credibility Not Satisfactory B
Price Comparison Higher price in comparison to surrounding commercial projects B
Competitors Within 500-meter radius more than 15 mega commercial projects. Oversupplied commercial location  C
Expected ROI May takes a very long time C

 

Advice
The point to be noted that according to our experience that the investment in any retail commercial shop/project should be done only when its external structure is visible. Only just looking at the map or in the soft launch or pre-launch stage of any retail commercial project and investing in it, is very risky.

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.

The commercial project which will give possession first at this location of Kisan Chowk & Buddha Chowk of the Greater Noida West can give better returns in compression of other commercial projects of this location. So all Investments better growth depends on the possession first. Because of at present there are no ready to move Mall type property/project available in this location of Noida Extension.

If anyone wants to invest in this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties we advice 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 Mahagun Marina Walk property is best suited if you are willing to hold onto a longer-term for returns as it would take a very long time 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 3-5 km. And this is subjected to the early completion of this project, which seems fairly uncertain.

The Mahagun Marina Walk is probably not the right choice of investment for those who are looking for ROI in the next year or so. The project has a long way for completion, 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 Mahagun Mall are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.

Also Read: Review: Investment in Mahagun Mywoods Mart, Noida Extension Loss or Profit

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 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 that 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 the Virtual Estate”.

Mahagun Mall, Greater Noida West

Actual Site Photograph. Mahagun Mall

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 retail shop of Mahagun Mall can give good 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 Mahagun Marina Walk is under developing by the Mahagun India Private Limited. It’s a Mall type of commercial property. The Mahagun Marina Walk consists of commercial retail shops, commercial office spaces, movie theaters, club and entertainment facilities, etc.

Builders Profile | Track Record

  Mahagun Developers,builder profile,track record,expert,views
PREDECESSOR Mahagun Property Management Private Limited, Mahagun India Private Limited, Mahagun Real Estate Private Limited
FOUNDED 1998
FOUNDERS Pawan Kumar Jain
KEY PEOPLE Dhiraj Jain, Amit Jain
COMPANY | PROMOTER Mahagun
PRODUCTS Apartments, Retail
AREA SERVED Noida, Greater Noida, Ghaziabad
PROJECT COMPLETED Mahagun Metro Mall, Mahagun Mywoods Mart
PROJECTS ONGOING Mahagun Marina Wwalk
DELIVERY TRACK RECORD Poor
NET WORTH
STRENGTH
COMMITMENT Not Satisfactory
RISK Delay possession, congested projects, too much loading, customer harassment
DEBT Yes (Mahagun is in the defaulter list of Greater Noida Authority)
LITIGATION  Updating soon…
OFFICE ADDRESS Corporate Office
33/1, 3rd floor, Tower B, Corenthum Tower, Sector-62 Noida, (U.P.), Pin Code – 201309, Ph. No.: + 91 120 4890000
BUILDER CATEGORY SILVER


The Mahagun builder is in the defaulter list of Greater Noida Authority. The Builder has more than 60-Crore rupees dues of GNIDA. So invest carefully. Greater Noida Authority Builders Defaulters List

Price | Lease Price
The Mahagun Marina Wwalk retail shops and office space price start from approx:-

BASIC PRICE RETAIL SHOPS
Floor Price Per SqFt PLC Extra Charges
Lower Ground 21500 Corner 10% IFMS 500 Per Sqft
Ground Floor 28000 Facing 130 Mt Road 10% Sinking Fund 300 Per Sqft
First Floor 19500 Facing 24 Mt Road 5%
Second Floor 15500
BASIC PRICE OFFICE SPACE
8th to 18th Floor 5990 Corner 10%
Pool & Mall Facing 5%

The Mahagun Marina Walk retail commercial shops/space price is slightly high in compression of other surroundings under construction commercial projects of the Kishan Chowk and Buddha Chowk of Noida Extension.

Conclusion
The Mahagun Marina Walk price is already on the very higher side, and there is hardly any chance of early growth. The investment in the Mahagun Marina Walk, Noida Extension may take a very long time to grow. Our advice, at present, investment in this project may be risky.

The investment of ground floor road facing retail shops can give 6% per annum return after completion, possession of this project. If this project complete in the set time frame.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

1 Comment

  1. Good quality and best productThis commercial project at noida extension the affer retail shops office space amazing project good quality it' very near to upcoming metro station please invest and enjoy good retail shops
    Reply

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