Review : Investment in Apex Park Square, Noida Extension, Loss or Profit

Review

CPR Ratings

As per Location
We can see the location of APEX PARK SQUARE with 3-logical points.
The First One: The Apex Park Square is situated in between the 2-main roundabouts (Kisan Chowk & Buddha Chowk) of Greater Noida West.  And from Kisan Chowk to Buddha Chowk there are more than 12-mega commercial projects is already under construction. Actually, the Kisan Chowk and Buddha Chowk of Greater Noida West has oversupplied commercial projects.  And in this considerateness, the location of the Apex Park Square is very bad.

Second One: Newly launched Apex Park Square is creating investment competition at this over-supplied location. Over-supply always kill investments. And in this considerateness, the location of the Apex Park Square is very bad.

Third One: Apex Park Square retail spaces may not get very much benefits from the residential population of the nearby residential population. Because of other adjoined commercial projects are nearing the completion.

Possession | Construction Update
Apex Park Square is under construction. The promised date of delivery/possession of the project is in the year of May-2022. RERA Registration No UPRERAPRJ16178

Drawbacks | Bad Factors
Actually, within a radius of 500-meters of Apex Park Square there are more than 13-mega commercial projects are under construction such as  Gaur City Centre, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza,  Boulevard Walk Mall, Galaxy Blue Sapphire Plaza, Gaur World Street, Mahagun Marina Walk, IDI London Mart, PKS Town Central, Ufairia Mall,  Saya South-X Mall,  NX-One,  Sarvottam Golden-i etc.

There is a big gap in demand and supply. The supply is very high in comparison to demand. All the above said commercial properties/projects are creating investment competition at this location. So the investors can face a very tuff competition in leasing and selling their retail commercial shops and office spaces in Apex Park Square. So invest carefully.

The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects. This location already crosses the limit of commercial property development. Actually, at present, there is no need for any new commercial projects, in this location of Noida Extension.

Now the question is that, what’s the logic behind all this oversupply commercial? Is there any limit? Actually, there is no proper planning and re-planning for commercial property development by the concern development authorities Of Uttar Pradesh government. i.e. Noida Authority (Greater Noida Authority). How much commercial property is needed and when it is needed the Uttar Pradesh government has no planning. Actually, it’s a System failure and we all are the victims of this pre-planned cheating.

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 construction and possession of this project depend on the sale of shops/spaces, so the project may be the delay.

Advice
We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension (Greater Noida West).

For a small investor, it’s better to go for small residential societies/sector markets of Noida Extension and visible/pickup road facing ground floor retail commercial shops.

The commercial project which will give possession first in this location of Kisan Chowk & Buddha Chowk of the Greater Noida West can give better returns in compression of other commercial projects of this location. So all Investments better growth depends on the possession first. Because of at present there are no ready to move Mall type property/project available in this location of Noida Extension.

If anyone wants to invest in this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties we advice prefer advance stage construction projects or ready to move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under-construction projects of this location completely.

Apex Park Square is probably not the right choice of investment for those who are looking for ROI in the next year or so. The project has a long way for completion and real estate market to appreciate in this locality, there may not be a real appreciation of value for resale in a couple of years.

Key Point
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects, and this location already crosses the limit of commercial property development. Actually, there is no need for new commercial projects in this location of Noida Extension.

We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension.

This is really very strange, that there are more than 60-Screen/Multiplex proposed at this location of Kisan Chowk & Buddha Chowk of Greater Noida West. Can’t Understand the logic behind 60-Screen/Multiplex for an under developing locality. While if I compare this location to Indirapuram, where only three Mall and approx 12-screens. While the Indirapuram is a high-density population area.

There is no planning or re-planning for commercial development in this location of Noida Extension (Greater Noida West) area by the Uttar Pradesh government or can say that the failure of the government. Actually, It is like a pre-planned to loot our hard-earned money in the name of investment and growth.

Product & Developer
Apex Park Square commercial project is under developing by Apex Group (Floral Realcon Private Limited). It’s a Mall type of commercial property.  ATS Kabana High consists of retail shops, food courts, banquet halls, studio apartments, Multiplex, and entertainment facilities, etc.

Builder Profile | Track Record

  Apex, builder,profile,track record
PREDECESSOR SS Sachdeva Constructions Private Limited, Apex Buildcon India Private Limited, Apex Dream Homes Private Limited
FOUNDED 2001
FOUNDERS Sandeep Batra
KEY PEOPLE Sandeep Batra, Sagar Batra, Mansi Batra, Jitender Batra
COMPANY | PROMOTERS Apex
PRODUCTS Apartments, Commercial offices, Shopping Malls, Retail
AREA SERVED Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad)
PROJECTS COMPLETED None
PROJECTS ONGOING Apex Park Square
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Delay possession
NET WORTH
STRENGTH
COMMITMENT Budget housing
RISK Delay Possession, No experience of commercial real estate project maintenance and development
DEBT Yes
LITIGATION  Facing unfair trade practice charges in Indian courts
OFFICE ADDRESS F-3, Sector – 39, Golf Link Road, Noida -201301
Toll Free : 1800 1020 140, eMail: info@apexfloral.in, info@theapexparksquare.com
BUILDER CATEGORY
SILVER

 

Apex is a reputed builder of Delhi NCR. He has successfully delivered several residential projects in Ghaziabad, Noida, Greater Noida area.

Price | Lease Price
Apex Park Square retail shops & office space prices start at approx:-

FLOOR PRICE (PSF)
Ground Floor 24,900
Lower Ground 21,900
First Floor 17,900
Second Floor 14,900

OTHER CHARGES:

PLC Corner 5%
PLC 130-Mtr Road 10%
PLC 24-Mtr Road 5%
One Time Lease Rent 460/- PSF

These days developers of  APEX PARK SQUARE, offering some attractive schemes to customers to invest in this project, like the 12% assured return & pre-lease guaranty, and some other greedy payment plans.

The assured return and lease guaranty plan is a marketing trick to making fool to innocent investors. Actually, there is no 100% proof of lease guarantees.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most pre-leased 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 wisely.

Basically, the assured return & pre-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 monthly rent to you in the form of EMI. Actually, they are making you fool.

Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.

 Conclusion
At present, It is better to avoid Kisan Chowk & Buddha Chowk of Greater Noida West for commercial property investment. Find out some better location commercial projects of Greater Noida West.

CPR Ratings

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