Review : Investment in Ajnara Fragrance, Raj Nagar Extension, Ghaziabad, Loss or Profit

Review

CPR Ratings

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

  Ajnara Builder
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

 

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

Investors Vote
[Total: 4 Average: 2.3]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

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