Review : Investment in Dmall Indirapuram, Loss or Profit

Review

CPR Ratings

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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
Prime Location BRONZE C
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
A
Layout Design Unimpressive Layout, Only a few main roads facing retail shops are properly visible C
Multiple Entries A few B
Visibility Average Visibility B
High-Density population Within a 500-Meter radius more than 5-Thousand builder floors and 20-thousand residents. B
Youthful Footfall No B
Public Security Police Station -10-Minute
Fire Station 10-Minute
A
Industrial Area Within 3-Km, Sahibabad B
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Delay Possession, SILVER standard Developer B
Price Comparison Average A
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

  aarcity infrastructure private limited
PREDECESSOR Apra Builders Limited, Jaikrishan Estates Private Limited,
FOUNDED 1998
FOUNDERS Rajender Mittal
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
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Delay possession
NET WORTH
STRENGTH Quality construction
COMMITMENT Zero
RISK Updating soon…
DEBT Debts
LITIGATION  Updating soon
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)
BUILDER CATEGORY
SILVER

 

Conclusion
Apart from some front main road facing retail shops, all the Dmall Indirapuram is in the category of dead investment.

CPR Ratings

Investors Vote
[Total: 4 Average: 1.3]

NOTE: BEFORE INVESTING DO YOUR OWN RESULT

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*

Lost Password

Sign Up