Review : Investment in Migsun Migente Mall, Raj Nagar Extension, Loss or Profit

Review

CPR Ratings

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 10-minutes distance from Hindon River Metro Station. The project is just 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
The Migsun  Migente Mall is in the pre-launch stage. The project is in the process of t RERA registration.

Migsub Migenate Mall, Raj Nagar Extension, Ghaziabad

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 with 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.

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.

Advice
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 developing 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.

Builder Profile
The Migsun builder has delivered several residential and commercial projects in Ghaziabad. But the Migsun builder has an extremely poor record to complete their real estate projects in the set time frame.  Already delivered commercial projects by Migsun builder are not very impressive.

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/-
PREFERRED LOCATION CHARGES (PLC)
Corner PLC 3% BSP
Main Road Facing 3% BSP
Both Above PLC 5% BSP

The price is already on the very high side, and there is hardly any chance of early growth. The price of Extra Charges is also on the very higher side.


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.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

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