Project Review: The Aims Central Plaza is situated in mid of Kisan Chowk & Buddha Chowk, Noida Extension (Greater Noida West). This project is under developing by the AIMS & ANGEL Group, (AIMS ANGEL INFRATECH LLP). It’s a high street retail commercial property. The AIMS Central Plaza consists of commercial retail shops & food courts etc. Commercial shops and office space are available in various sizes.
Possession | Construction Update
The Aims Central Plaza 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 March – 2021. RERA Registration No of Aims Central Plaza: UPRERAPRJ17739
As per Location
The Aims Central Plaza is situated in an inner side road of sector-4, Greater Noida West, that is connecting to Crossings Republick & Village Shahberi. This commercial property is not properly visible from main entry points of Kishan Chowk & Buddha Chowk of Greater Noida West. The location of AIMS Central Plaza is not very impressive in compression of other reputed commercial projects of Kisan Chowk & Buddha Chowk of the Noida Extension.
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 Kisan Chowk and Buddha Chowk has oversupplied commercial projects. There are more than 10 mega commercial projects are under construction within a radius of 500 meter, like, The Gaur City Centre, The Gaur City Mall, The Galaxy Diamond Plaza, The Boulevard Walk Mall, The Galaxy Blue Saphire Plaza, The Mahagun Marina Walk, The IDI London Mart, The PKS Town Central, The Ufairia Mall, The Saya South-X Saya, The NX-One, The Sarvottam Golden i etc.
All above-said commercial projects have the same products, like retail shops, office space, serviced apartments, studio apartments, food courts & movie theaters etc.
All above said commercial properties/projects are creating investment competition at this location.
There is a big gap in demand and supply. The supply is very high in comparison to demand of this same type of commercial products/projects/properties in this same location as the Noida Extension.
So in future investors can face problems in leasing and selling their retail commercial shops and office spaces, studio apartments, serviced apartments in all above said commercial projects. As we advise while investing in all above properties/projects choose wisely.
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 construction and possession of this project depend on the sale of shops/spaces, so the project may be the delay.
The AIMS & Angel group is a reputed builder of Delhi-NCR. They have successfully delivered several residential projects in Ghaziabad, Noida, Greater Noida area.
But both builders is not a committed builder in terms of timely construction and possession. They have poor record of completing their real estate projects in the set time frame.
The commercial project which will give possession first in 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 big commercial property 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 Aims Central Plaza property is best suited if you are willing to hold onto a longer term for returns as the real estate market may take a long time to appreciate in this locality.
The Aims Central Plaza 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 a year.
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects, and at present, this location already crosses the limit of commercial property development. Actually, 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.
Advantages | Good Factors
All main roads facing retail shops of Aims Central Plaza can give good returns.
Price | Lease Price
Right now commercial retail shops are available in the Angel Central Plaza at the price INR Rs 23K per sq ft on the ground floor, INR Rs 21K per sq ft on the lower ground floor, INR Rs 18K per sq ft on the first floor floor and INR Rs 16K per sq ft on the second floor plus other charges. The price is slightly high.
The investment of AIMS Central Plaza, ground floor road facing retail shops can give 5% to 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