Review : Investment in Reach 3 Roads, Sector 70, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The Reach 3 Roads situated in the sector-70 Gurgaon. The project has multiple entries and exit points. It’s a 3-side open-prime location corner property. This project is very close to Southern Peripheral Road and properly visible and walkable to sector-70, Gurugram residents.

The sector-70 is a high-density population area. There are more than 20-thousand flats and more than 50-thousand residents, and that is a very good sign for commercial property investment.

The IGI airport is just 30-minutes away from sector-70, Gurgaon. The Reach 3 Roads is properly connected with the Metro route and NH-8 Highway. The Reach 3 Roads is in the center of several posh residential group housing societies.

The Reach 3 Roads is very well connected with NH-8 and other main points of Gurgaon. Major hotels & Hospitals are in close proximity. Prominent institutions in the closest proximity like DPS, Indus World School, Kunskapsskolan school, etc.

The Reach 3 Roads, sector-70 is very well connected to multiple public transportation facilities and other civic facilities. The project is on the Metro Rail route. So can say that Reach 3 Roads has an excellent location project.

Possession | Construction Update

Construction Status Under Construction
Launch/Start Date 2014
RERA Registration No Reach 3 Roads- 38 OF 2017
Previous Possession Date
RERA Possession Date December-2020
Construction Stage Ongoing
Construction Company
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion extended for 6 months for all projects expiring on or after 25.03.2020 by the Government 

 

Advantages | Good Factors
There are several big residential ready to move and under-construction projects in sector-70 Gurgaon such as Tulip White, Tulip Orange, Tulip Ivory, Tulip Violet, Tulip Purple, Tulip Lemon, GPL Eden Heights, BPTP Astaire Garden, Unitech Vistas, Radiant Pragati Heights, Krrish Florence Estate, Unitech South Park, Lord Krishna m3M Premium, GPL New Luxurious Tower, Unitech IVY Terraces, Unitech Crestview apartments, Unitech Anthea Floors, GPL Mint Towers etc are in close vicinity of Reach 3 Roads. which is a very good sign of commercial property investment.

The Layout design of Reach 3-Roads is world-class. The ground floor and first floor commercial retail shop of this project is properly visible and looks like the high street open market. The ground and first floor retail shops are perfectly designed for maximum visibility to every shop. So the investment in the ground floor and first floor retail shops can give excellent returns in the near future, especially the ground floor retail shops.

The Sector-70, Gurgaon is a high-density population area. There is a huge urban rich residential population surrounding the Reach 3 Roads commercial project. There are more than 20-thousand flats and an urban rich residential population of more than 40-thousand peoples in this area. which is also a very good sign for commercial property investment in i.e. REACH 3 ROADS.

The commercial project which will give possession first in this location of sector 70 Gurgaon can give better returns in compression of other commercial projects of this location. And the Reach 3 Roads is nearing the possession. Our investments better growth depends on the possession first. Because of at present there are no big ready to move Mega commercial project/ property available in this location of sector-70. So we advice choose the advance stage construction commercial project for investment in the sector-70 Gurgaon.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-REACH 3 ROADS GRADING
Urban Rich Gentry Upper Middle Class, Middle Class. Within walking distance, several high-class residential group-housings such as Tulip White, Tulip Orange, Tulip Ivory, Tulip Violet, Tulip Purple, Tulip Lemon, GPL Eden Heights, BPTP Astaire Garden, Unitech Vistas, Radiant Pragati Heights, Krrish Florence Estate, Unitech South Park, Lord Krishna m3M Premium, GPL New Luxurious Tower, Unitech IVY Terraces, Unitech Crestview apartments, Unitech Anthea Floors, GPL Mint Towers etc A1
Prime Location GOLD A
Connectivity Nearest Metro Station 25-Minutes (Huda City Center)
International Airport-28.4Km (IGI Airport
A
Layout Design Grand ceiling heights, full of vigor and vitality, excellent layouts, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space A1
Multiple Entries Yes A
Visibility Highly visible, 3-side open corner property, very wide frontage A1
High-Density population Within walking distance more than 20-Thousand Flats and 50-thousand urban rich people and can denser more in upcoming years. A
Youthful Footfall Yes A
Public Security Police Station -10-Minute
Fire Station 10-Minute
A
Industrial Area Within 3-Km A
Urban/Civic Facilities Maximum facilities available B
Developers Credibility Quality Construction & maintenance SILVER standard Developer A
Price Comparison Competitive price A
Competitors simple_tooltip content=’ Tapasya 70 Grandwalk, Spaze Forum, Reach 3 Roads.’]A few competitors within a radius of 500-Meter [/simple_tooltip] B
Expected ROI 6% to 8% Annually A1

 

Key Points
There are more than 3 mega commercial projects in sector-70, Gurugram such as Reach 3 Roads, Spaze Forum, Elan Epic, and the Tapasya-70 Grandwalk. And the Tapasya 70-Grandwalk & Reach 3 Roads is nearing the possession. Actually, the commercial projects which will give possession first in sector-70 Gurgaon may give the best returns.

If construction/possession of the Reach 3-Roads is complete in the set time frame or on before set time frame or before other surrounding commercial projects of this area then this project will give excellent returns to investors because at present there is no ready to move, good location Mall/High Street retail/entertainment facility type project available in sector-70, Gurgaon.

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.

Advice
If anyone wants to invest in this location of sector-70 Gurugram commercial projects, prefer advance stage construction projects or ready to move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under construction commercial projects of sector-70 Gurugram completely.

The Reach 3 Roads is can be the right choice of investment for those who are looking for ROI in the next year or so. They may get a real appreciation of value for resale in a year.

Products & Developer
The Reach 3 Roads project is under developing by the Reach group This project consists of  Retail Shops, Food Courts, Commercial Office Space, Multiplex, and Entertainment facilities, etc.

Builders Profile | Track Record 

  Reach 3 roads, builders, profile, track record
PREDECESSOR Reach Realcons Private Limited, Reach Promoters Private Limited
FOUNDED 2007
FOUNDERS Paramjit Singh, Harinder Singh Hora
KEY PEOPLE Harinder Singh, Pankaj Jain, Jas Simran Singh
COMPANY | PROMOTERS Reach
PRODUCTS Commercial offices, Shopping Malls, Retail,
AREA SERVED Gurgaon
PROJECTS COMPLETED Reach Commercial, Reach AIRIA, Reach MII Tower
PROJECTS ONGOING Reach 3 Roads
PROJECTS UPCOMING  
DELIVERY TRACK RECORD All completed project delivered on time
NET WORTH
STRENGTH
COMMITMENT Quality construction, State of the art projects, Finest layout design & elevation
RISK Updating soon…
DEBT Updating soon…
LITIGATION  Updating soon…
OFFICE ADDRESS 315, 3rd Floor, Time Tower, M. G. Road, Gurgaon – 122002, Tel +91 124 470 7000, +91 9810191590. info@reachpro.in
BUILDER CATEGORY
SILVER

 

Reach 3 Roads Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Sector 70 Gurgaon

PROJECT NAME PRICE (PSF) POSSESSION/RECORD
Reach 3 Roads 9,000-15,000 On-time
Tapasya 70 Grandwalk 7,250-13,500 On-time
Elan Epic 19,750-21,750 Delay

 

Conclusion
The REACH 3-ROADS is good for retail business startups.

The investment of Reach 3 Roads may get a minimum of 6% per annum return if the builder completes this project on or before the set time frame. Our advise, the project is safe and avail good returns in the near future.

CPR Ratings

Investors Vote
[Total: 1 Average: 3]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*

Lost Password

Sign Up

Get in Touch