Review : Investment in AMB Selfie Street, Sector 92, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The AMB Selfie Street is situated on the service road of sector 92, Gurgaon. The project has a very small frontage. Sector 92 is an under developing sector. The layout design is not very impressive. It’s an average location project.

Possession | Construction Update
The AMB Selfie Street project was launched in the year of August 2016. The promised date of delivery/possession is in the year of October-2020. The construction of this project was started in the month of August 2018. And at present, the construction of this commercial project is in the primary stage.

Amb Selfie Street, Sector 92, Gurgaon

Advantages | Good Factors
AMB Selfie Street is the central location of several big residential ready to move and under construction projects such as Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc are in close vicinity of AMB Selfie Street. which is a very good sign of investment in this project.

At present, sector 92 is an under-developing location of Gurgaon. But it can be a high-density population area in the future. There is a huge urban rich residential population surrounding AMB Selfie Street Mall. There are more than 10 thousand flats and an expected residential population of more than 50 thousand people can reside in this area within a couple of years. which is also a very good sign for commercial property investment in i.e. AMB Selfie Street.

The commercial project which will give possession first in this location of sector 92 Gurgaon can give better returns in compression of other commercial projects of this location. But the AMB Selfie street does not meet this required criterion because of the slow construction of this project. Our Investments better growth depends on the possession first. Because of at present there are no any ready to move mega commercial project/ property available in this location of sector 92. So our advice, choose the advance stage construction commercial project for investment in sector 92 Gurgaon.

Amb Selfie Street, Sector 92, Gurugram

Advice
If construction/possession of the AMB Selfie Street shall be completed before the Ameya Sapphire 92 than this commercial project will give excellent returns to investors. Because at present there is no ready to move mega Mall type project in sector 92 Gurgaon to cater for shopping and entertainment needs for the residents of sector 92.

Key Point
These days developer of the AMB Selfie Street project offering buyers so many interesting payments plans to invest in this project/property, commercial retail shops, and office spaces such as 11% assured return and lease guaranty payment plans, etc.

That builder/project who offer this kind of investment offers is not in the category of secure investment. As our experience most assured return properties are an 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 or monthly rent to you in the form of EMI. Actually, they are making you fool.

The AMB Selfie Street property is best suited if you are willing to hold onto a longer term for returns as it would take a couple of more years (or even more) and the market to appreciate in the locality. And this is subjected to the completion of this project on the set time, in October 2020.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of year. In fact, investors who are trying to make a re-sale of their property in the AMB Selfie Street, hardly get any client.

Products & Developer
The AMB Selfie Street is under developing by the AMB Group. This project consists of commercial retail shops, an anchor store, food courts, 6-screen multiplex, and entertainment facilities, etc. It’s a Mall type property.

Builder Profile | Track Record

  amb,builders,profile,track record
PREDECESSOR Amb Infraventures Private Limited, Amb Buildprop Private Limited, Amb Iinfrabuild Private Limited
FOUNDED 2012
FOUNDERS Manoj Sethi, Saurabh Mukund
KEY PEOPLES Manoj Sethi, Saurabh Mukund
COMPANY /PROMOTER AMB
PRODUCTS Shopping Malls, Commercial Offices
AREA SERVED Gurgaon
PROJECTS COMPLETED None
PROJECTS ONGOING Amb Selfie Square– starts in 2016- Under construction

Amb Selfie Street– starts in 2013- Under construction

DELIVERY TRACK RECORD very poor, delay possession, long wait
NET WORTH
STRENGTH
COMMITMENT Zero
RISK Delay completion, bank dues, Investment can be stuck
DEBT
LITIGATION  default complaints
OFFICE ADDRESS Building No-18, 2nd Floor, Sector 44, Gurugram, Haryana 122002
Phone +91 124 4738000, 8010666333, eMail: amb@ambgroup.in
BUILDER CATEGORY BRONZE

 

Drawbacks | Bad Factors
The Maximum Mall or Mall type properties are not the good and safe investment options in the Gurugram and Delhi area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls is running fine in Gurugram and Delhi area such as Ambience Mall, DLF Mega Mall, MGF Metropolitan Mall, and Select City Walk, Saket, New Delhi, etc otherwise all other Mall type properties are the investment of 99% loss.

At present, the public transport facilities to AMB Selfie Street Mall are limited. The construction and possession of this project depend on the sale of shops/space so the project may be the delay.

Price | Lease Price
AMB Selfie Street retail shops price start at approx:-

FLOOR SIZE (Sq Ft) PRICE (PSF)
Ground Floor 191 – 12310 12,500
First Floor 500 – 12378 9500-12,500
Second Floor 500 – 24357 8500-9000
Third Floor 500 – 5000 8500-9500
Fourth Floor (Multiplex) 6500 – 8000
Fifth Floor (Multiplex) 6500 – 8000

The price is reasonable for investment.

Conclusion
If construction/possession of the AMB Selfie Street shall be completed before the other commercial projects of this area than this commercial project will give good returns to investors otherwise investment may be risky.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

4 Comments

  1. Thanking you for detail info.

    AMB SELFIE STREET PROJECT is RERA approved.
    There is deadline for completion of project.
    in case of failure there will be huge penalty.
    what is your view on this

    Reply
    • There is no Huge penalty in RERA. Builders can extend the time by paying a few rupees for another 1-2 years and more. Actually RERA is a protector for Real Estate Developers

      Reply
    • Don’t believe in bullsheet

      Reply
  2. Does this information still hold good in Sep 2019?
    Do you feel it is a risky investment at 15000 PSFT at this construction stage? Believe work is going on in full swing and there are also many residential properties in the vicinity now than 2 years ago. Really appreciate some genuine advise…

    Reply

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