Review : Investment in R-Tech Capital Highstreet, Jaipur, Loss or Profit

Review

CPR Ratings

As per Location
The R-Tech Capital Highstreet is situated in Jagatpura Jaipur (Pink City). The project has multiple entries and exit points. It’s a 3-side open prime location corner property. The project has a very wide frontage. The project is facing towards main Jagatpura road and properly visible and walkable to nearby residents and as well as Jagatpura road passers

The Jaipur airport is just 10-minutes away from R-Tech Capital Highstreet. The project is in the center of several posh residential townships.

The R-Tech Capital Highstreet is properly connected with the main points of Jaipur City The project is very well connected to multiple public transportation facilities and other civic facilities.

Possession | Construction Update
The project R-Tech Capital Highstreet is under construction. The promised date of delivery of the project is in the month of September 2019. The RERA completion possession date of this project is March-2021 The RERA Registration No of this project is RAJ/P/2017/045

R-Tech Capital Highstreet, Jagatpura, Jaipur, Rajasthan, India

Drawbacks | Bad Factors
Actually, the Jagatpura is a low-density population area, And low density is good for the living but not for commercial investment. The investment may take a very long time to grow.

There is a big gap in demand and supply. The Supply of such type of commercial projects/properties along with Jagatpura road is very high but the demand is very limited. So the investors may face problems in leasing or selling their retail shops & office spaces after completion possession of R-Tech Capital Highstreet.

The Jaipur city is well known for tourism & handicraft business. But there is a lack of industries and other business houses. Already several ready to move prime location commercial office space projects/buildings are vacant in Jaipur city.

The prices won’t very much hike at least for a couple of years because of the huge unsold commercial property available at the outskirt areas of Jaipur city.

The construction and possession of this project may depend on the sale of shops/space so the project may be the delay.

The Jaipur is a much polluted City of Rajasthan.

Advantages | Good Factors
The ground floor commercial retail shops of R-Tech Capital Highstreet is very impressive. The investment in the ground floor road facing retail shops is the much better investment option in the compression of office space of this project.

4-Screen multiplex is an added advantage of this project. Actually, at present, there is no any multiplex facility available in Jagatpura areas. And that is a very big plus point of this project.

The layout design of commercial office space is also 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
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 1-2 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. In fact, investors who are trying to make a re-sale of their property in the R-Tech Capital Highstreet hardly get any client despite their price downs.

Product & Developer
The R-Tech Capital Galleria project is under developing by the R-Tech group (Jaipur). It,s a purely commercial property. The project is consists of commercial retail shops, commercial office space, food courts, 4-screen multiplex & entertainment facilities, etc.

Builder Profile
The R-Tech builder has a good reputation in Jaipur, Rajasthan real estate market. He has successfully delivered several commercial projects in Rajasthan.

Price | Lease Price
R-Tech Capital Highstreet retail shops & office space price start at approx:-

FLOOR UNIT TYPE PRICE (PSF)
Lower Ground Retail Shop 8250
Ground Floor Retail Shop 9500
First Floor Retail Shop 7250
Second Floor Retail Shops 7000
Third Floor Kiosks 7250
4Th to 7Th Floor Office Suites 5250
ADDITIONAL CHARGES PRICE
PLC Main Raod Facing 5% to 10% of BSP
Atrium/Plaza/Corridor Facing 5% of BSP
Corner PLC 5% of BSP
IFMS 100 PSF
Power Backup (Min-2KVA) 35,000/- Per KVA

The price is slightly high for investment.

Conclusion
Actually, the investment may take a very long time to grow in the R-Tech Capital Highstreet. The Multiplex is an added advantage, overall invest carefully.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

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