Project Review: AMB Selfie Street is situated in the sector 92, New Gurgaon (Gurugram). This commercial project is under developing by the AMB Group. This project Consist of commercial retail shops, Anchor Store, food courts, 6-Screen Multiplex, and entertainment facilities etc. It’s a Mall type property.
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.
As per Location
The AMB Selfie Street is situated on the service road of sector 92, Gurgaon. The project has a very small frontage. The Sector 92 is an under developing sector. The layout design is not very impressive. It’s a good location project.
Advantages | Good Factors
At present sector 92 is an under developing location. There are several big residential ready to move and under construction projects like The 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.
The Sector 92, Gurgaon can be a high-density population area in 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 two 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 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 we advice choose the advance stage construction commercial project for investment in sector 92 Gurgaon.
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 shopping and entertainment needs for the residents of sector 92.
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, like the 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.
The AMB builder has a good market reputation in Gurgaon. But the AMB builder has the poor record of completing their real estate projects in the set time frame.
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 like The Ambience Mall, The DLF Mega Mall, The MGF Metropolitan Mall, and The 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
At present, AMB Selfie Street retail commercial shops available for sale and resale at the prices INR Rs 07K per sq ft to INR Rs 12K per sq ft depends on the floor and location. The price is reasonable for investment.
These days developer of AMB Selfie Street Mall commercial project offering buyers so many interesting payments plans to invest in this project/property, Retail Commercial Shops, like the 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 and lease guaranty properties are an investment of loss.
Actually, the assured return plan is a trick of fundraising. The Real estate developer sells its non-salable property with a greedy plan on a very higher price, to innocent customers in the name of assured return. They are making you fool.
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 Rating * *
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH