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 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
The M3M Broadway is under construction. The promised date of delivery is in the year 2023. RERA Registration No  RegNoRC/REP/HARERA/GGM/2018/31dated 14.12.2018License No71 of 2018 dated 25.10.2018 ( but there is no detail available on Haryana RERA website regarding this registration no.)

M3M Broadway, Sector-71, Gurgaon, Haryana , India

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 the 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 like 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.
The overall layout design and location of M3M Broadway is excellent.

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 Consist 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
The M3M builder Group has a good market reputation in the real estate industry. He has successfully delivered several A-class residential and commercial projects in Gurugram. So the investor can invest in this project without any hassle.

Drawbacks | Bad Factors
These days developer 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 like 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
At present, M3M Broadway retail commercial shops available for sale and resale at the prices INR Rs 09K per sq ft to INR Rs 13K per sq ft plus minus depends on the floor and location. The price is reasonable for investment.

Conclusion
The 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 6% per annum return if this project complete in the set time frame.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

 

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