As per Location
The Aarcity Krishna Apra D Mall is situated in Shakti Khand-3 Indirapuram, Ghaziabad. It’s a 2-side open corner commercial property. This property is situated in low-rise residences areas of Indirapuram. Overall, For the retail business point of view the D-mall is not a very approachable location commercial property.
Possession | Construction Update
The D-mall Indirapuram is in the services since the year 2018.
Drawbacks | Bad Factors
There are several important factors, by which the D-mall does not get success, let us check a few points.
- Delay Possession:- The project was started in the year somewhere in 2004, and the possession date was set for the year 2006-2007, but the project was completed in the year 2018. Which was a major delay.
- If this project were to be delivered on time, then it can be performed very well, because of on those time there were no major commercial projects in Indirapuram except Shipra Mall.
- Unimpressive Layout:- The layout design of the project is not very impressive. Only road facing (Niti Khand-3) facing retail shops are properly visible. The ground floor and first floor shops are small sizes (i.e 300-500 sq ft super area). It means no brand can operate because the brands want a minimum of 1500 sq ft of carpet area and proper visibility. Which is difficult to arrange.
- Unimpressive Location: The Dmall Indirapuram is situated in a low-rise residency area (Independent plots & Builder floors), wherein every main road plot has retail shops outlets (unauthorized activity) which is negativity for D-Mall. All these illegal retail shops are properly visibly in comparison to Dmall retail shops. And all these unauthorized shops capture all the customers’ footfall of Shakti Khand & Niti Khand area of Indirapuram.
- All the retail shops of D-Mall is completely sold out by the developer. 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 are 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
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-D-MALL||GRADING|
|Urban Rich Gentry||Middle Class, Lower Middle Class. Within walking distance, several Independent housings and builders floors such as NItikhand-3 & Shakti Khand||B|
|Connectivity||A 05-Minute drive from- NH-24.
A 10-Minute drive from- Vasundhara, Mohan Nagar Link Road.
Nearest Metro Station (No Metro)
Domestic Airport-12Km (Hindon Airport)
Ghaziabad Railway Station-09Km
|Layout Design||Unimpressive Layout, Only a few main roads facing retail shops are properly visible||C|
|Multiple Entries||A few||B|
|High-Density population||Within a 500-Meter radius more than 5-Thousand builder floors and 20-thousand residents.||B|
|Public Security||Police Station -10-Minute
Fire Station 10-Minute
|Industrial Area||Within 3-Km, Sahibabad||B|
|Urban/Civic Facilities||Maximum facilities available||A|
|Developers Credibility||Delay Possession, SILVER standard Developer||B|
|Competitors||Several competitors within a radius of 1-KM||C|
|Expected ROI||May takes a very long time||C|
Products & Developer
The D-Mall Indirapuram is developed by the Krishna Apra Group. The project is consists of retail shops, multiplex, banquet halls, etc.
Price | Lease Price
|FLOOR||SALE PRICE (PSF)||LEASE PRICE (PSF)|
|Ground Floor (NitiKhand Facing)||18,000-20,000||80-90|
|Ground Floor (Inner Side)||8000-12000||40-60 rarely leased|
|First Floor||5000-6000||rarely leased|
|Second Floor||Low price (hardly sale/lease)||Low price (hardly sale/lease)|
|Lower Ground||Low price (hardly sale/lease)||Low price (hardly sale/lease)|
Builders Profile | Track Record
|PREDECESSOR||Apra Builders Limited, Jaikrishan Estates Private Limited,|
|KEY PEOPLE||Arun Mittal, Rajender Mittal|
|COMPANY | PROMOTERS||Aarcity Infrastructure Private Limited|
|PRODUCTS||Apartments, Commercial offices, Shopping Malls, Hotels,|
|AREA SERVED||Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad)|
|PROJECTS COMPLETED||Krishna Apra Business Square, Dmall Indirapuram|
|PROJECTS ONGOING||Updating soon|
|DELIVERY TRACK RECORD||Delay possession|
|OFFICE ADDRESS||HEAD OFFICE: 301, Krishna Apra business square, Netaji Subhash Place, New Delhi – 110034
Site Office: Plot No. GH-03B, Sector 16 C, Greater Noida (West), E-mail: info.@aarcity.com, Phone: 011-47501089(8 Lines)
Apart from some front main road facing retail shops, all the Dmall Indirapuram is in the category of dead investment.
NOTE: BEFORE INVESTING DO YOUR OWN RESULT