As per Location
The Migsun Migente Mall is situated in the bypass road of the Raj Nagar Extension, Ghaziabad . It is located on the entry side road of the NH-58 bypass. This project is in the center of the bypass road of the Raj Nagar Extension.
The Migsun Migente is just a 10-minutes distance from Hindon River Metro Station. The project is just a 5-minutes distance from the longest elevated road of India.
The Migsun Migente Mall is 100% visible to all passers of the NH-58 bypass and the nearby residential societies. Prominent institutions are in close proximity such as GD Goenka, DPS, AK Children academy, etc. Overall Migsun High Street Mall is an excellent location project.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||Migsun Migente Mall – UPRERAPRJ600636|
|Construction Company||JB Infratech|
|Architect Name||Vishal Mittal|
|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 Migsun Migente Mall is properly visible and walkable to the nearby residents as well as the Raj Nagar Extension bypass traffic. The maximum ground floor retail shops of this project are properly visible.
The Migsun Migente is surrounding by several high-rise residential societies. There are more than 5 thousand residential flats and a population of more than 10-thousand residents in this area and the Migsun Migente. And that is a very good sign for commercial property investment.
The Migsun Migente Raj Nagar Extension l is good for retail business startups.
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-MIGSUN MIGENTE||GRADING|
|Urban Rich Gentry||Lower Middle Class, Urban Poor. Within walking distance a few residential societies.||B|
|Connectivity||10-Minute drive from- Meerut Road.
Nearest Metro Station 10-Minutes (Hindon)
Domestic Airport-12Km (Hindon Airport)
Ghaziabad Railway Station-12Km
|Layout Design||Not very impressive||B|
|High-Density population||at present a few residential populations||B|
|Public Security||Police Station -15-Minute
Fire Station 15-Minute
|Industrial Area||Within 2-Km||A|
|Urban/Civic Facilities||Maximum facilities available||B|
|Developers Credibility||BRONZE standard Developer||C|
|Price Comparison||High Price||C|
|Competitors||Several competitors within a radius of 1-KM||B|
|Expected ROI||May takes a very long time||C|
Drawbacks | Bad Factors
The sale price of Migsun Migente Mall retail space is already on the very higher side. If we compare the price among other reputed commercial properties/projects of Raj Nagar Extension, then we find that the price of Migsun Migente Mall is higher approx Rs 7000/- per square feet.
At present scenario, for investment, the price should not be more than Rs 17000/- Per SqFt for the ground floor.
These days developer of the Migsun Migente Mall, offering several attractive schemes to customers to invest in this project, like the 9% assured return & lease guaranty payment plans from day one, 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 carefully.
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, CLP (Construction Linked Payment Plans), without assured return.
Products & Developer
Migsun Migente is under development by the Migsun Group. It’s a High Street retail commercial complex in the style of Mall. The Migsun Migente is consisting of retail commercial shops, food courts, restaurants, Hypermarket and Multiplex, etc.
Builders Profile | Track Record
|PREDECESSOR||Mahaluxmi Buildtech Limited|
|KEY PEOPLE||Sunil Miglani|
|COMPANY | PROMOTERS||Migsun|
|PRODUCTS||Commercial offices, Retail, Apartments|
|PROJECTS COMPLETED||Mahaluxmi Square, Mahaluxmi Metro Tower, Mahaluxmi Plaza, Mahaluxmi Mall|
|PROJECTS ONGOING||Migsun Migente Mall|
|DELIVERY TRACK RECORD||Poor|
|RISK||Delay Possession, long wait|
|LITIGATION||Facing unfair trade practice charges in Indian courts|
|OFFICE ADDRESS||C1/C2 Mahaluxmi Metro Tower, Sector-4, Vaishali, Ghaziabad-201010, Phone – +91 120 4888650, eMail: email@example.com|
Price | Lease Price
Migsun Migente Mall booking price
|FLOOR||BSP (PSF)||EXTRA CHARGES (PSF|
|Lower Ground||18490||IDC 750/-|
|Ground Floor||24490||EDC 750/-|
|Upper Ground||17990||FFC 500/-|
|First Floor||14990||EEC 500/-|
|Second Floor||12490||PBC 40000/- Per KVA|
|Third Floor||10490||Meter Charges 25000/-|
Migsun Migente Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Raj Nagar Extension
|PROJECT NAME||PRICE (PSF)||POSSESSION RECORD|
|VVIP Mall||17,000-24,000||Ready, occupied|
Conclusion | Advice
Migsun Migente ground floor retail shops are good for retail business startups.
The price is already on the very higher side and there is hardly any chance of early growth. The ground floor front facing retail shop of Migsun Migente Mall may give 5% to 6% per annum return If this project completes in the set time frame.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH