Review : Investment in M3M Broadway, Sector 71, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The M3M Broadway is situated on the Southern Peripheral Road (SPR) sector 71, Gurgaon. The project has a wide frontage & very impressive layout design.

The beauty of this project is that this project is exactly on the Southern Peripheral Road and the other side facing towards sector 71 residential group housings.  The project has direct access from both ways.

The M3M Broadway is 100%  visible and walkable to sector 71 residents and for the passers of Southern Peripheral Road. The project is very well connected to multiple public transportation facilities and other civic facilities.

The M3m Broadway is properly connected to Sohna Road & Golf Course Extension Road. The project is on the proposed metro rail track.

The M3M Broadway 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.

At present, the sector-71 is an under developing location but approx within 3-years, after completion possession of several residential township projects it may be a high-density population area. So can say that the M3M Broadway Mall is an excellent location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No M3M Broadway- GGM/299/2018/31 DATED 14.12.2018
Start/Launch Date December-2018
Possession Date (RERA) October-2023
Construction Stage Ongoing
Land Area 7.84875 Acre
Number of Unit/Space 1488
Number of Stories/Heights G+22/ 104.30 Meter
Construction Company
Promoters Name Roshni Builders Private Limited
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Advantages | Good Factors
The M3M Broadway is a project offering the perfect integration of retail, commercial, and hospitality in a single compound. The project is appealing not just from a design and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “M3M Broadway” will have Four different sections to it namely Hospitality, Business first, Leisure, and Entertainment. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.

The M3M Broadway is all surrounding with several ready to move and under construction residential group housing societies such as CHD Avenue 71, CHD Vann, Signature Andour Heights, Roots Group Housing-2, Krrish Green Montagne, Universal Radius, Unitech Exquisite, Unitech Espace Premier Villas, ILC Sattva, M3M Sky Lofts,  etc. And that is a very good sign for commercial property investment.

Sector 71, Gurgaon is a high-density population area, and can denser more in upcoming years. There is a huge urban rich residential population surrounding M3M Broadway Mall. There are more than 20-thousand flats and an expected residential population of more than 1-Lakh people. This is also a very good sign for commercial property investment in i.e. M3M Broadway.

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.

ALSO READ: How to Double Your Money by Investing in Commercial Real Estate

Prestigious Tata Projects is the construction partner of the M3M Broadway Gurgaon. So you get a good quality construction. And which is also a good sign of investment in M3M Broadway.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-M3M BROADWAY GRADING
Urban Rich Gentry Upper Middle Class, Middle Class. Within Walking distance several highrise urban rich residential group sousings such as CHD Avenue 71, CHD Vann, Signature Andour Heights, Roots Group Housing-2, Krrish Green Montagne, Universal Radius, Unitech Exquisite, Unitech Espace Premier Villas, ILC Sattva, M3M Sky Lofts,  etc A
Prime Location GOLD A
Connectivity Properly connected with multiple transportation facilities
32-Minute drive from- DLF Cyber City.
Nearest Metro Station 24-Minutes (Huda City Center)
International Airport-22-Km (IGI Airport)
A
Layout Design Excellent, Grand ceiling heights, full of vigor and vitality, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space A
Multiple Entries Yes A
Visibility Highly visible, very wide frontage A
High-Density population Within a walking distance than 25-Thousand Flats and 50-thousand urban rich people and can denser more in upcoming years. A1
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Within 2-Km A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Quality Construction & Maintenace, GOLD standard Developer A
Price Comparison Little bit high B
Competitors No Competitors  B
Expected ROI 6% to7% Annually A

 

Advice
If construction/possession of the M3M Broadway shall be completed before the other commercial project of sector 71 and surrounding areas than this commercial projects will give excellent returns to investors. Because at present there is no ready to move mega Mall type project in sector 71 Gurgaon to cater to shopping and entertainment needs for the residents of sector 71. And the M3M Broadway fulfills this required criterion.

It is better to go for without assured return payment plans. Prefer to choose, without assured return CLP (Construction Linked Plan) payment plan for investment.

Products & Developer
The M3M Broadway commercial project is under developing by the M3M group. This project consists of commercial retail shops, Anchor Store, food courts, office space, Serviced Apartments, 10- screen Multiplex, and entertainment facilities, etc. It’s a Mall type property.

Builder Profile | Track Record 

  M3M, Builder,profile,track record
PREDECESSOR M3M India Limited, M3M India Private Limited
FOUNDED 2007
FOUNDERS Roop Kumar Bansal, Basant Bansal
KEY PEOPLE Pankaj Bansal
COMPANY | PROMOTERS M3M
PRODUCTS Apartments, Commercial Offices, Shopping Malls, Hotels, Retail, Lesure & Hospitality
AREA SERVED Delhi, Gurgaon
PROJECTS COMPLETED M3M Urbana, M3M Tee Point, M3M Cosmopolitan
PROJECTS ONGOING M3M IFC, M3M Broadway, M3M Urbana Premium, M3M 65th Avenue, M3M Prive 73, M3M Corner Walk, M3M My Den, M3M Sky Lofts
DELIVERY TRACK RECORD Poor, delay possession
NET WORTH
STRENGTH
COMMITMENT Quality Construction, state of the art project, finest layout design
RISK delay possession
DEBT Updating soon
LITIGATION  Unfair Trade Practice Charges, RERA Complaints
OFFICE ADDRESS 6th Floor, ‘M3M Tee Point’, Sector 65, Gurugram Manesar Urban Complex, Gurugram (Gurgaon) 122101, Haryana, India.

Tel: +91 124 4732000 Toll Free: 1800 123 3333 Fax: +91 124 4732010

BUILDER CATEGORY GOLD

 

Drawbacks | Bad Factors
These days developers of the M3M Broadway, offering several attractive schemes to customers to invest in this project, like the 11% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this type of investment offers is not in the category of secure investment, as our experience most assured return and lease guaranty properties are the investment of loss.

Do not put your hard earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard earned money in the name of the assured return & lease guaranty to you in the form of EMI. Actually, they are making you fool.

It is better to go for without assured return payment plans. prefer to choose, without assured return CLP (Construction Linked Plan) payment plan for investment.

The Maximum Mall or Mall type properties are not the good and safe investment options in the Gurugram and Delhi area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls is running fine in Gurugram and Delhi area such as The Ambience Mall, The DLF Mega Mall, The MGF Metropolitan Mall, and The Select City Walk, Saket, New Delhi, etc otherwise all other Mall type properties are the investment of 99% loss. But to see the excellent location of this project, we can hope that this project performs well.

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

Key Point
The M3M Broadway property is best suited if you are willing to hold your investment until completion/possession of the project.  The investment of M3M Broadway can give excellent returns, if this project completed on or before set time frame, or in the set time frame, or before other surrounding projects of sector 71 Gurugram.

Price | Lease Price
M3M Broadway retail commercial shops are available for sale and resale at the prices INR:-

FLOOR UNIT TYPE SIZE (PSF) PRICE (PSF)
Ground Floor Retail Shop 1000-2500 27,900
Lower Ground Retail Shop 300-2500 21,500
Upper Ground Retail Shop 300-2500 15,900
First Floor Retail Shop 300-2500 13,900
First Floor Restaurants 1000-5000 13,900
Second Floor Restaurants 1000-5000 11,9500
Second Floor Food Courts 500-1500 11,950
Third Floor Multiplex Updating Soon Updating Soon

The price is reasonable for investment.

Conclusion
M3M Broadway is good for well established retail business groups and also for new business startups. After completion, possession of the M3M Broadway Sector -71 Gurugram, investors may get a minimum of 6% per annum return if this project complete in the set time frame.

CPR Ratings

Investors Vote
[Total: 15 Average: 3.4]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

 

1 Comment

  1. M3M are cheaters that dupe people’s money by various types of fraud calls. Prince Dogra & Rajeev Bansal are two members that have cheated me on my 2 lakh rs. And did not give me any paperwork in return.
    I have been requesting to return my money but no response. I have filed a complaint in the commissioner’s office and will take it to the media. Pl. Don’t get into M3M projects they are a fraud.

    Reply

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