Review : Investment in Avinash Times Square, Sector 19, Naya Raipur, Loss or Profit

Naya Raipur

CPR Ratings

As per Location
The Avinash Times Square is situated in the sector 19 Naya Raipur (Atal Nagar) It’s a 3-side open corner property. The project has a wide frontage & very impressive layout design.

The beauty of this project is that this project is the 1st Mall type property of Naya Raipur.

The Avinash Times Square is the top-most visible project of sector 19 Naya Raipur. The project has 100% visible and walkable for surrounding residential sectors. The project is very well connected to multiple public transportation facilities and other civic facilities.

The Avinash Times Square is very well connected with the main points of Naya Raipur. Major Hotels, Hospitals & prominent instructions are in close proximity.

The Avinash Times Square caters to an immediate catchment of a big crowd of residential sectors of Naya Raipur. It’s a truly high street retail open market to cater to all kind of shopping, fine dining, fun, entertainment, and business needs of nearby sectors of Naya Raipur. The project is designed for maximum visibility. So can say that the Avinash Times Square is an excellent location property.

Possession | Construction Update
The Avinash Times Square is in the services since the year 2018.

Avinash Times Square, Sector 19, Naya Raipur

Advantages | Good Factors
The Avinash Times Square is all surrounding by several prominent government offices such as Mantralaya, Forest, Vypam, Control & Command Centre ANVP, Naya Raipur Development Authority (NRDA), and proposed Vidhan Sabha, Chips & others.  And that is a very good sign for commercial property investment.

The Avinash Times Square is just 10-minutes away from several high-density residential sectors of the Naya Raipur such as sector 17, 25, 26, 27, 29 & sector 30.  And all the above said sectors is the high-density population area, and can denser more in upcoming years. There is a huge urban rich residential population surrounding Avinash Times Square.  There are more than 20 thousand flats and an expected residential population of more than 50-thousand people. This is also a very good sign for commercial property investment i.e. Avinash Times Square.

The layout design, elevation of Avinash Times Square is world class. All retail shops have designed to maximize visibility. Especially the ground floor road facing retail shops.

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 Avinash Times Square is very well connected to the multiple public transportation facilities and other civic facilities. The project is also very well connected to the residential sectors such as sector 17, 25, 26, 27, 29 & sector 30. Which is also another good sign for commercial property investment i.e. Avinash Times Square.

The Avinash Times Square can be a famous Hot-Spot of Naya Raipur (Atal Nagar). The overall layout design and location of Avinash Times Square is excellent.

Drawbacks | Bad Factors
The Naya Raipur is a well-planned city of India. But as of now, not fully developed and fully functional. There is a lack of residential population and business.  It may take a long time to fully develop.

Products & Developer
The Avinash Times Square commercial project is developed by the Avinash group.  This project Consist of commercial retail shops, Anchor Store, food courts, office space,  and entertainment facilities, etc.

  • Ground Floor: Shops, Lift lobby, Exclusive atrium for access to offices on upper floors /Food court, covered courtyard with the landscape, External small kiosk for food and beverages.
  • Fist Floor:-Clinics, restaurants, Palika Bazar shops from 150 sqft. -250 sqft

Builder Profile
The Avinash group hasa good market reputation in the Chhattisgarh real estate industry. He has successfully delivered several A-class residential and commercial projects in Chhattisgarh. So the investor can invest in this project without any hassle.

Price | Lease Price
Avinash Times Square retail commercial shops & office space available for sale and resale at the price:-

UNIT TYPE PRICE (PSF) LEASE PRICE (PSF)
Retail Shop 7000-13000 40-70
Office Space 5000-7000 20-40
*Price depends on the floor, location and asking price

The price is reasonable for investment.

Key Point
The Avinash Times Square property is best suited if you are willing to hold your investment until at least for 3-years.

Conclusion
The Avinash Times Square is good for retail outlasts & office setups. The investors and business startups may get 4% to 6% per annum returns from their investments.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

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