As per Location
Ajnara Fragrance is situated on the main sector road of Raj Nagar Extension, Ghaziabad. The project is not exactly on the Raj Nagar Extension Bypass road. It is just more than 1-Km away from the main Raj Nagar Extension Bypass road. The project is properly visible and walkable but it is the last location of Raj Nagar Extension. At present can say its a remote location.
The project is just 10-Minutes drive from Hindon Elevated Road & Meerut Road etc. Overall, at present its an average location project.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | Ajnara Fragrance Walk- UPRERAPRJ681133 |
| Start/Launch Date | 01-08-2019 |
| Possession Date | June-2024 |
| Construction Stage | Primary |
| Construction Company | Aadideva Infratech Pvt Ltd |
| Architect Name | Vishal Mittal |
| Live Updates | |
| 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
Primary layout design of Ajnara Fragrance Walk is very impressive. All the retail shops are perfectly designed for maximum visibility. Overall, Ajnara Fragrance Walk is a perfectly designed commercial project. After completion Ajnara Fragrance Walk is can be a good option for retail business startups.
Ajnara Fragrance Walk has multiple entries and exit points. Multiple entries and exit points attract customer’s footfall quickly and provide maximum visibility/exposures to every retail area of the project. Which is also another approachable sign for investment in this project.
The project has a proper parking space for stakeholders and visiting guests.
VIDEO: Ajnara Fragrance Walk
Advice
Actually, at a distance of every 100-meter along with Ajnara Fragrance Walk, and within a radius of 500-meter, there are more than 8-commercial projects/Malls are existed (under construction & proposed). Which creates an investment competition at this location. All the investment’s better growth depends on the possession first. If Ajnara Fragrance Walk construction/possession shall be completed before the other commercial project of this location then this commercial project will give excellent returns to investors.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year.
Products & Developer
The Ajnara Fragrance Walk, commercial complex is under developing by the Ajnara India Limited, Ananya Techno Build Private Limited & Ayaan Colonisers Private Limited. It’s a High Street retail commercial complex. The Ajnara City Center is consisting of Retail commercial shops, hypermarkets, etc.
Builder Profile | Track Record
 |
|
| PREDECESSOR | Ajnara Farms and Services Limited |
| FOUNDED | 1991 |
| FOUNDERS | GP Gupta, Ashok Gupta, Vinod Gupta |
| COMPANY | PROMOTERS | Ajnara India Limited |
| PRODUCTS | Apartments, Retail, Shopping Malls |
| AREA SERVED | Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad) |
| PROJECTS COMPLETED | Ajnara Arcade, Orbit Plaza, Ajnara Le-Mart |
| PROJECTS ONGOING | Ajnara City Centre, Ajnara Fragrance Walk |
| UP-COMMING PROJECTS | Ajnara Times Square |
| DELIVERY TRACK RECORD | Very Poor, Dealy Possession |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Not satisfactory |
| RISK | delay possession, long wait, average quality construction |
| DEBT | Yes |
| LITIGATION | Facing corruption and unfair trade practice charges in Indian courts |
| OFFICE ADDRESS |
D-247/26, Sector-63, Noida,
Uttar Pradesh – 201301, India Phone: 0120-416-6777
Fax: +91 120 4193953 |
| BUILDER CATEGORY |
SILVER
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Ajnara Fragrance Walk Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Raj Nagar Extension
| PROJECT NAME | PRICE (PSF) | POSSESSION RECORD |
| Ajnara Fragrance Walk | 16,000-20,500 | June-2024 |
| KW Delhi-6 | 13,000-21,000 | On-time |
| VVIP Mall | 17,000-24,000 | Ready, occupied |
| Migsun Migente | 14,990-24,990 | June-2024 |
Conclusion
Ajnara Fragrance walk can be a preferred destination for retail business startups and regular rental income investors. The investors and retail business startups may get a minimum of 4% to 6% per annum return if the builder completes this project on or before other surrounding commercial projects of this location.
CPR Ratings
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH
