As per Location
Aims Central Plaza is situated in an inner side road of sector-4, Greater Noida West, which is connecting to Crossings Republick & Village Shahberi. AIMS Central Plaza 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 commercial projects of Kisan Chowk & Buddha Chowk of the Noida Extension
Possession | Construction Update
Aims Central Plaza is under construction. According to serveral real estate portals, the promised date of possession is in the year of-2019. The promised date of delivery/possession according to UPRERA is in the year of March – 2021. RERA Registration No of Aims Central Plaza: UPRERAPRJ17739
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 at 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 such as Gaur City Centre, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Saphire Plaza, Gaur World Street, Mahagun Marina Walk, IDI London Mart, PKS Town Central, Ufairia Mall, Saya South-X, NX-One, Sarvottam Golden-i etc.
There is a big gap in demand and supply. The supply is very high in comparison to demand. All the 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 shops, office spaces, studio apartments, serviced apartments, etc in all the above said commercial projects.
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.
Product & Developer
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.
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 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 a poor record of completing their real estate projects in the set time frame.
Price | Lease Price
AIms, Angel Central Plaza retail shops price start at approx:-
|FLOOR||SIZE (Sq Ft)||PRICE (PSF)|
There is a very small difference in the price of the ground floor and first floor shops. If we compare maximum ready to move retail shops of Noida, Ghaziabad & Noida Extension, where the first floor retail shops resale price is less than 10,000/- per sq ft in comparison to ground floor shops. And in this consideration, the booking price of AIMS Central Plaza 1st & 2nd Floor is very high. And there is hardly any chance of good growth.
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.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH