As per Location
The Legend Heights situated in a low-density population area of sector 80, Gurgaon and low density is good for the living but not for commercial property investment.
The Elan Mercado and Baani Center Point is the much better location commercial projects of sector 80 Gurgaon. Overall the Legend Heights is an average location commercial project.
Possession | Construction Update
| Construction Status | Ready, Completed in 2020 |
| RERA Registration No | Legend Heights |
| Start/Launch Date | 2012 |
| Construction Company | Elan Limited |
| Land Area | Acre |
Key Points | Advice
Sector 80 Gurugram has 3-mega commercial projects such as Legend Heights, Elen Mercado, and Baani Centre Point. All the above-said commercial projects are very close to each other. And after a long wait, (approx 8 years ) Legend Heights is ready. And the Baani Centre Point & Elan Mercado is also ready.
Legend Heights Price Comparison With Other surrounding Commercial Projects Of Sector 80, Gurgaon
| PROJECT NAME | PRICE (PSF) | REMARKS |
| Legend Heights | Retail-12,000-15,000 Office-6,000 |
Ready |
| Elan Mercado | Retail-9,000-16,000 Studio- |
Ready, impressive layout design |
| Baani Centre Point | 7,000-15,000 | Occupied, impressive layout design |
Fact Check
Actually, the layout design and location of this project is not very impressive. At present, there is no urban residential population nearby this project. The Baani Centre Point and Elan Mercado is a much better location commercial projects of sector 80 Gurugram in comparison of Legend Heights.
The investors who have their money into the project are already trying to sell their property and recover their capital. It has been a cumbersome experience for investors who deal with soft launch projects along with Noida or any other location of Delhi NCR.
Due to the delays in the construction of this project, the profits of the investors have almost come to an end. Now, what to do? It’s a big question. If the builder had given possession of this project in his committed time frame, then investors would have been in the benefit of at least Rs. INR 2000/- to INR 3000/- per sq ft. today.
Products & Developer
The Legend Heights project is developed by the Innovative Infra developers private limited. This project consists of centralizes air-condition retail shops, Food Courts, office space, and Hotel Apartments, etc. It’s a centralized air condition Mall type property.
Builder Profile
The Innovative Infra developers have a poor record of completing their real estate projects in the set time frame.
Advice
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 Legend Heights are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.
Price | Lease Price
Legend Heights retail commercial shops & office space price start at approx:-
| CATAGORY | PRICE (PSF) |
| Retail Shops | 8000-12,000 |
| Office Space | 6000-7000 |
The price depends on the floor, location, and demand.
Conclusion
Returns may takes times
CPR Ratings
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH
