Review : Investment in Bestech Marketplace, Sector 92, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The Bestech Marketplace (retail shops) commercial project is situated at the entry point of sector 92, Gurgaon. The project has a wide frontage & very impressive layout design.

The Bestech Market place is adjoined to the ready to move residential townships, Bestech Park View Sanskruti. The project has direct access from the Dwarka Expressway, NH-8 and Pataudi Road.

The project is properly visible and walkable to nearby residential group-housings of sector 92, 91 & sector 93 Gurugram. At present, sector-92 is an under developing location but approx within 3-years, after completion possession of several residential group-housing projects it may be a high-density population area. So can say that the Bestech Market place is an excellent location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No Bestech Market Place- GGM/380/112/2019/74 DATED 09.12.2019
Start/Launch Date 19-12-2019
Possession Date Offered by Developer January-2023
Possession Date (RERA) March-2025
Construction Stage Primary
Land Area 5.725 Acre
Number of Units/Shops 432
Construction Company Bestech India Private Limited
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
The retail spaces are perfectly designed for maximum visibility. All the retail shops are good for well established branded showrooms, restaurants, branded food outlets, grocery stores, branded Jewelry showrooms electronics & mobile stores, etc. The investment of retail shops is good for regular rental income.

Bestech Market Place has multiple entries and exits points. Multiple entries and exits points attract customer/visitors footfall quickly and provide maximum visibility/exposures to every area of the project. Which is also another approachable sign for investment in this project.

Bestech Marketplace is all surrounding with several ready to move and under construction residential group housing societies such as Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc. And that is a very good sign for commercial property investment.

Sector 92, Gurgaon can be a high-density population area in the future. There is a huge urban rich residential population surrounding Bestech Marketplace. There are more than 20-thousand flats and an expected residential population of more than 50-thousand people can reside in this area within two years. Which is also a very good sign for commercial property investment in i.e. Bestech Marketplace. 

Key Point
The Bestech Market Place investment can get good returns. And this is subjected to the completion of this project on or before set time frame or on before other commercial projects of sector 92 New Gurgaon.

Bestech Market Place-92 Price & Developers Delivery Track Record Comparison With Other surrounding Nearby Commercial Projects

PROJECTS NAME PRICE (PSF) POSSESSION RECORD/REMARKS
Bestech Market Place 10,250-13,250 Possession offered January-2023. RERA Possession-March-2025
Spaze Tristaar 8,000-15,000 Possession date revised several times, RERA expired, still under construction.
Ameya Sapphire 92 13,000-15,000 Possession date revised several times, can be delay
Amb Selfie Street 8,500-14,000 Possession date revised several times, can be delay

 

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Advice
If construction/possession of the Bestech Marketplace shall be completed before the other commercial project of sector 92 and surrounding areas then this commercial project will give excellent returns to investors. Because at present there is no ready to move mega Mall type project in sector 92 Gurgaon to cater to shopping and entertainment needs for the residents of sector 92. And the Bestech Marketplace fulfills this required criterion

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-BESTECH MARKET PLACE GRADING
Urban Rich Gentry High Class, Upper Middle Class. Radiational Societies within Walking distance- Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc A1
Prime Location GOLD A
Connectivity 17-Minute drive from- NH-8 Gurgaon
43-Minute drive from- DLF Cyber City.
Nearest Metro Station 39-Minutes (Huda City Center)
International Airport-32.9-Km (IGI Airport
A
Layout Design Grand ceiling heights,  wide corridors, proper sitting & walking arrangements, highly visible retail, Impressive layout & elevation A
Multiple Entries Yes A
Visibility Highly visible, wide frontage A
High-Density population Within a radius of 500-meter more than 20-Thousand Flats and 50-Thousand urban rich people and can denser more in upcoming years. A
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Walking distance A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Quality Construction & Maintenace, GOLD standard Developer A
Price Comparison Competitive price A
Competitors Several Competitors  B
Expected ROI 5% to 6% Annually A

 

Investment Tips 
 Before investing in commercial real estate, it is better to decide why you are investing. 
Actually, there are two types of investors, the first one who buys retail shops or office space for self-use and the second one who bought it for pure rental income and sell when getting some appreciation. 

So if you are buying it for your self-use, you can buy any size according to your uses, but if you are buying it for pure rental or appreciation income, then go for virtual space or buy at least minimum 1000 sq ft carpet area, because if you buy a small shop or office space for rental income you hardly get any brand to lesae out your space. 

The brands or multinational companies want the bigger space for their operations. And there are several must require things such as dedicated bigger parking spaces, negotiations in CAM charges, specific signage, dedicated power backup, bigger space in a single floor plate, and several must require NOCs, which are very difficult to arrange by a small or individual investor. 

So that, before investing in any commercial project, talk to the developer, that you won't buy it for self-use, but for pure rental income, and handover/responsible it for the developer to lease out.

Otherwise, you won't get your expected appreciation or may get delayed appreciation or loss

Products & Developer
The Bestech 92 Market-Place commercial project is under development by the Bestech India Private Limited. This project consists of commercial retail shops, Anchor Store, food courts, office space, etc.

Builders Profile | Track Record

  bestech india private limited
PREDECESSOR Bestech India Private Limited
FOUNDED 2001
FOUNDERS Mr. Dharmendra Bhandari & Mr. Sunil Satija
KEY PEOPLE Mr. Dharmendra Bhandari & Mr. Sunil Satija
COMPANY | PROMOTER Bestech
PRODUCTS Commercial offices, Shopping Malls, Retail, IT Parks, Apartments, Hotels
AREA SERVED Gurugram (Gurgaon), Mohali
PROJECTS COMPLETED (Residential) Park View Grand Spa, Spa Signature, Park View Sanskruti, Sky Suites, Bestech City Dharuhera, Park View Ananda, Park View City-1, Park View City02, Park View Residences, Park View Spa Tower, Park View Spa Altura
PROJECT COMPLETED (Commercial) Bestech Citygate, Bestech Orient Business Tower, Bestech Cyber Park, Bestech Chambers, Bestech Business Tower Mohali, Bestech Square Mall Mohali, Bestech City Centre, Bestech Central Square, Radisson Blue
PROJECTS ONGOING Bestech Market Place
DELIVERY TRACK RECORD Updating Soon…
NET WORTH
STRENGTH
COMMITMENT Quality construction & maintenance
RISK Delay possession
DEBT Updating soon…
LITIGATION  YES (Facing unfair trade practice charges in Indian courts) charges)
OFFICE ADDRESS Bestech House
Plot 51, Bhagwan Mahaveer Marg Sector 44, Gurugram, Haryana 122002, India, Tel: +91-(124)-4540-000, Email: nfo@bestechgroup.com
BUILDER CATEGORY GOLD

 

Price | Lease Price
Bestech Marketplace retail shops & office space price starts at approx:-

FLOOR SIZE (Sq Ft) PRICE (PSF)
Ground Floor Min-200 13,250
First Floor 12,250
Second Floor 10,250
Other Charges Extra*

 

Conclusion
The Bestech Market Place is good for well established retail business groups and also for new business startups.
If construction/possession of the Spaze Bestech Market Place shall be completed within the set time frame or before the other commercial projects of this area then this commercial project may give excellent returns.

CPR Ratings

Investors Vote
[Total: 9 Average: 2.9]

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