Review : Investment in M3M Prive 73, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The M3M PRIVE73  is situated on the  Southern Peripheral Road sector 73, Gurgaon. The project is properly visible and walkable to sector 73 residents. The project has a very impressive layout design.

M3M Prive73 is very well connected to multiple public transportation facilities and other civic facilities. The project is easily accessible for the passers of  Southern Peripheral Road.

The M3M Prive73 is just 5-minute distance from NH-8 and very well connected with the main points of sector 73,74 74A & sector 75 of Gurgaon. Major multinational companies are in close proximity such as BMW Training House etc. DLF Corporate Greens and Suraj Public school is also in the closest proximity. The project is on the proposed metro rail track.

The M3M Prive73 caters to an immediate catchment of a big crowd of the sector 73 and sector 75. It’s a truly high street retail open market to cater to all kind of shopping, fine dining, fun, and entertainment, needs of nearby residents. Overall, M3M PRIVE73 is an approachable location project.

Possession | Construction Update
The M3M Pprive is under construction. According to several real estate portals and builder, the promised date of delivery/possession of the project is in the year of  Mayr-2021. RERA  Registration No. RC /REP/HARERA/GGM/333/ 65 /2019 /27

M3M Prive73, Sector 73, Gurgaon

Advantages | Good Factors
M3M Prive73 retail spaces are perfectly designed for maximum visibility. Maximum retail shops of all floors are properly visible. The project is very well suited for brand retail chains, food chains, and retail business startups. The retail business startups and investors may get a minimum of 6% per annum return from their investments.

M3M Prive 73 has multiple entries and exit points. Multiple entries and exits point attract customers footfall quickly and provide maximum visibility/exposures to every retail area of the project. Which is a very good sign to attract customers footfall quickly.

Sector 73 is a high density, urban rich residential area of Southern Peripheral Road there are more than 20-thousand flats and an urban rich residential population of approx 50-thousand peoples.

PRIVE73 is all surrounding with several high-density ready to move and under construction residential group housing societies such as DLF Alameda, Homestead Ballet, Today Canary Greens, M3M Luxury Apartments, Today Royal Elegancia, Realtech The Luxurium, Homestead Maria Sharapova Tower.  Tatvam Villas, Nirvana Country, Central Park 2, Park View City 1, Greenville, Piramanti, Vipul Greens etc. And that is a very good sign for commercial property investment.

M3M Prive73 layout design is inspired by the famous luxury shopping hotspot Burlington Arcade London.  The project has a proper parking space for stakeholders and visiting guests.

The M3M PRIVE73 is very well connected to the multiple public transportation facilities and other civic facilities. The project is easily accessible to sector 73 residents.

Key Point | Advice
These days developer of the PRIVE-73, offering some attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.

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 to you in the form of EMI. Actually, they are making you fool.

It is better to slash the price and go for without assured return payment plan. Actually, Assured Return plan is a trick of fundraising.

The development and the construction of the M3M PRIVE73 project will depend solely on the speed at which the retail shops, office spaces, and serviced apartments are sold out.

Products & Developer
The M3M Prive73 commercial project is under developing by the M3M group. The project consists of commercial retail shops, Anchor Store, food courts, 10-Multiplex, and entertainment facilities, etc.

Builder Profile
The M3M builder has a good market reputation in the real estate industry. He has successfully delivered several A-class residential and commercial projects in India.

Price | Lease Price | Price List
At present, M3M PRIVE73 retail commercial shops price starts at approx:-

     
FLOOR SIZE (Sq Ft) PRICE (PSF)
Lower Ground 450-2000 15,100
Ground Floor 1400-2500 20,800
Upper Ground Floor 535-2000 15,000
First Floor 623-2000 12,250
Second Floor 400-2000 11,300

The price is a little bit high for a primary stage under construction project. According to our estimations, the price for the ground floor should not be more than INR 15,000 per sq ft. and for other floors, the price should be in between INR 10,000-12,000 per sq ft.

Conclusion
The M3M Prive-73 is good for well established retail business groups and also for new business startups. After completion, possession of the Prive-73 sector-73 Southern Peripheral Road, Gurugram, investors may get a minimum of 6% per annum return. If the builder completes this project in the promised time frame.

Overall, M3M Prive Seventy-Three is a good project for investment if you don’t trap in the assured return deals & lease guaranty payment plans. Without assured return, CLP payment plan is better for investment.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

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