Review : Investment in Business-18, Jaipur, Loss or Profit

Review

CPR Ratings

As per Location
The Business 18 (office space & retail shops) commercial project is situated in Gopalpura Bypass Road, Swami Vihar, Shiv Shakti Nagar, Brijlapura, Jaipur, Rajasthan. It’s a 4-side open corner property with 100% visibility. It is facing towards main road and metro rail track. The other side of this project is facing Dravyavati Riverfront Jaipur. The project has an excellent view. The project is on the route of Delhi, Agra, Kota & Ajmer.

The Mansarovar metro station is just 1.5 KM away from this project. The Chordias Business-18 is properly connected with the main points of Jaipur City such as Airport, Vidhan Sabha Bhavan, Jaipur Junction, and Sindhi camp bus stand.

The project is properly visible and walkable to nearby residents and easily accessible to Gopalpura Bypass road passers. The project is very well connected to multiple public transportation facilities and other civic facilities.

The Business 18 is situated in a high-density population area of Jaipur. There is no other competitor of this project in this area. So we can say that the location of Chordias Business 18, Jaipur is very impressive.

Business-18, Jaipur

Possession | Construction Update
The project Business 18 is under construction. The promised date of delivery of the project is in the month of June 2022. The RERA registration no of this project is RAJ/P/2018/704

Advantages | Good Factors
There are more than 1-Lakh residential population surrounding the Business 18 project. It is the only pure commercial property with good amenities in this area of Gopalpura Bypass. Which is a very good sign for commercial property investment. i.e Business 18.

The layout design of commercial office space is very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests.

The ground floor commercial retail shops of Chordias Business 18 is also very impressive. The project is good for retail business startups and office setups.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-CHORDIAS BUSINESS-18 GRADING
Urban Rich Gentry Middle Class, Lower Middle Class. More than 1-Lakh residents within 1-Km radius. A
Connectivity Properly connected with multiple public transportation facilities.
Nearest Metro Station-1.5Km (Mansarover)
A
Layout Design Very Impressive, Highly visible retail. A
Multiple Entries Yes A
Visibility Eye-catching visibility A
High-Density Population Within walking distance, more than 1-Lakh people. A
Youthful Footfall Foran & Indian Tourists A1
Public Security Police Station -15-Minute drive A
Industrial/Institutional Area within 3-Km A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility  SILVER standard Developer B
Price Comparison Competitive Price A
Competitors A-few competitors A
Expected ROI 4% to 6% Annually A

 

Drawbacks | Bad Factors
The Jaipur city is well known for its tourism & handicraft business. But there is a lack of industries and other business houses. The Jaipur is a very polluted city of Rajasthan.

Advice
This property is best suited if you are willing to hold onto a longer-term for returns as the real estate market would take a couple of more years to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within 2-5 KM. And this is subjected to the real estate market appreciation.

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.

Products & Developer
The Business 18 is situated in the Gopalpura Bypass Road, Swami Vihar, Shiv Shakti Nagar, Brijlapura, Jaipur, Rajasthan. This project is under developing by the Chordias Group. (NSG Developers & Infrastructure) The project is consists of commercial retail shops, commercial office space, food courts, Kiosks & entertainment facilities etc.

Builders Profile | Track Record

  Chordia group, jaipur, builders,profile,track record
PREDECESSOR SN Prop-con Private Limited, RN Build-con Private Limited
FOUNDED 1990
FOUNDERS Vinay Chordia
KEY PEOPLE Nitin Chordia
COMPANY | PROMOTER Chordia’s
PRODUCTS Apartments, Retail, Townships, Commercial Offices, Villas
AREA SERVED Jaipur
PROJECT COMPLETED None
PROJECTS ONGOING Business-18
DELIVERY TRACK RECORD Poor
NET WORTH
STRENGTH
COMMITMENT Not satisfactory
RISK Delay Possession
DEBT Yes
LITIGATION  No
OFFICE ADDRESS NCG Developers & Infrastructure
Chordia Enclave- 29 Janpath, Shyan Nagar, Jaipur, 302019, Phone: +91 – 9024200400, +91 – 9829035757, eMail : info@chordiasgroup.com
BUILDER CATEGORY SILVER

 

Price | Lease Price
Business 18, Jaipur, office space price start at approx:-

UNIT TYPE SIZE (Sq Ft) PRICE (PSF)
Office Space Minimum 300 7000
Retail Shops Updating soon

The price is slightly high for investment. Price should not be more than 5K per sqft all-inclusive for investment.

Conclusion
Business 18 is good for office setups and retail business startups.

After completion, possession of the Chordias Business-18 Jaipur, investors may get a minimum of 4% per annum return after completion possession of this project if the builder completes this project in the set time frame.

CPR Ratings

Investors Vote
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