As per Location
Supertech Hypernova Mall is situated on the service road of sector 94 Noida. The project is exactly at the front of Noida Expressway and facing towards Mahamaya Flyover.
Okhla Bird Century Metro Station is at the front of Supernova Mall (HyperNova Mall). Supertech Hypernova Mall is properly connected to multiple transportation facilities and other civic facilities.
The project is just a 10-minutes drive from Noida Golf Course & sector-18 Noida. The project is also very close to Amity university campus. Supertech Supernova is also very close to National capital Delhi. Overall, Supertech Supernova is properly connected with the main points of Noida, Greater Noida, and Delhi. It’s an approachable location project.
Supertech Hypernova Mall is under construction. According to several real estate portals, the promised date of delivery of the project is in the year of December-2021. But according to RERA the project possession date is April-2023. RERA Registration No UPRERAPRJ526534
Drawbacks | Bad Factors
The Hypernova Mall is a part of Supertech Supernova. Sector 94 is a low-density population area and low density is good for a living but not for commercial development. The thing to consider here is that the Supertech Supernova is not a purely residential project.
The sale price of Supertech Hypernova Mall retail shops is already on the very higher side and there is hardly any chance of early growth. If we compare the Hypernova Mall ground floor retail shops price among other ready to move ground floor main road facing hi-street retail shops of entire Noida Greater Noida Expressway, then we find that the price of HyperNova Mall retail shops is higher approx INR Rs 5000-7000/- per sq ft. While the Supernova Mall is in the primary stage of construction and very far from the possession.
These days developers of the Supertech Supernova Mall offering many attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.
That builder/project who offers this kind 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.
Maximum Mall or Mall type properties are not the good and safe investment options in Noida & Ghaziabad area. The maximum investors who invested in Mall type properties are in 99% loss.
Actually, the Malls which are up for sale get defective. Only those Malls are working fine which has at least 75% stake for lease otherwise all other Mall type properties are the investment of 99% loss. Only a few Malls is running fine in Noida & Ghaziabad area such as Shipra Mall, DLF Mall Of India & GIP, etc. And all the above-said Malls has more than 75% stake for lease only.
The Supertech Supernova is very close to several cremation grounds.
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-HYPERNOVA MALL||GRADING|
|Urban Rich Gentry||Upper Middle Class, Middle Class, Lower Middle Class. Adjoined Supertech Supernova residents.||A|
|Connectivity||Airport-27-Km (IGI Airport)|
Nearest Metro Station-Walking Distance (Supernova)
Noida-Greater Noida Expressway-Walking Distance
DND Flyway-15-Minute Drive
Sector-18 Noida-10-Minute Drive
Properly connected with multiple public transportation facilities.
|Layout Design||Not Very impressive||B|
|Visibility||Not very much visible||B|
|Public Security||Police Station -15-Minute drive||A|
|Industrial/Institutional Area||within 3-Km||A|
|Urban/Civic Facilities||Maximum facilities available||A|
|Developers Credibility||SILVER standard Developer||B|
|Price Comparison||High Price||C|
|Expected ROI||May takes very long time||C|
For a small investor, it’s better to go for small residential societies/sector markets of Noida Greater Noida Expressway and visible/pickup road facing ground floor retail commercial shops.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Because of a huge unsold commercial property available on the Noida expressway sectors. In fact, investors who are trying to make a sale of their studio apartments & office space of the Supertech Supernova are hardly getting any client at the desired price.
Products & Developer
Supertech SuperNova is under developing by the Supertech Limited. It’s a mix of land use property. The project consists of centralized air-condition commercial retail shops, food courts, multiplex, etc.
Builder Profile | Track Record
|FOUNDERS||Ram Kishor Arora|
|KEY PEOPLE||Mohit Arora, Vikas Kansal, Anil Sharma|
|COMPANY /PROMOTER||Supertech Limited|
|PRODUCTS||Apartments, Villas, Golfcourse, Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail|
|AREA SERVED||Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon)|
|PROJECTS COMPLETED||Shoprix Mall, Supertech e-Square|
|PROJECTS ONGOING||Supertech Hypernova Mall, Super Nova, start in 2012-till date not completed,|
Supertech Cape Town- starts 2010
|DELIVERY TRACK RECORD||delay possession, long wait|
|RISK||Delay completion, poor construction quality, bank & Noida authority dues|
|DEBT||Defaulter (Builder is in the defaulter list of Noida Authority)|
|LITIGATION||Facing corruption charges in Indian courts|
|OFFICE ADDRESS||Supertech Limited|
B 28-29, Sec-58,
Noida – 201307, India
For Enquiry, Call: +91-93100-12345
At present the Supertech builder facing corruption and unfair trade practice charges in Indian courts. Supertech builder has an extremely poor record to complete their real estate projects in the set time frame.
Price | Lease Price
Supertech SuperNova/Hypernova Mall retail shops price starts at approx:-
|OTHER CHARGES||PRICE (PSF)|
|Capital Replenishment Fund||150|
|Elect & Powerback Charges||200|
Price is already on the higher side and there is hardly any chance of early growth.
There is very little difference in the price of the ground floor and first floor retail shops. If we compare maximum ready to move retail shops of Noida, Ghaziabad area, where the first floor retail shops resale price is less than 10,000/- per sq ft in comparison to ground floor shops. And in this consideration, the booking price of Supertech Hypernova Mall 1st & 2nd Floor is very high. And there is hardly any chance of good growth.
Profitable resale in assured return property/projects takes a very long time, can say minimum 10-years or even more. There are several examples of flop assured return projects in the Delhi-NCR area. Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.
The price is already on the very higher side and there is hardly any chance of early growth, can say that this is the highest price for any under-construction commercial property on the Noida Greater Noida Expressway.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH