As per Location
The Mahagun Manorial residential property investment project is located in sector 128 Noida. It’s a 3.84-acre development.
Several mega IT-companies campus & commercial projects are just 10-minutes distance from sector 128 Noida such as Bhutani Alphathum, Advant Navis Business Park, Birla Soft, Met-Life, etc.
Prominent institutions and schools are in the closest proximity such as DPS (Delhi Public School), Genesis Global School, Shiv Nadar School, & Footprints Play School & Day Care Creche, etc. JP Hospital is just a 10-minutes away from Mahagun Manorial.
The Mahagun Manorial is not on the metro rail route, the nearest metro station is approx 8-kilometer.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | Mahagun Manorial- UPRERAPRJ2051 |
| Start/Launch Date | 01-09-2015 |
| Possession Date (Expired) | December-2018 |
| Possession Date (RERA) | December-2021 |
| Construction Stage | Ongoing |
| Promoter Name | Mahagun (India) Private Limited |
| Construction Company | Mahagun India Pvt. Ltd. |
| Architect Name | Peeyush Chaudhry |
| Land Area | 3.84-Acre |
| Height | 40-Storey, 6-Towers, 386 Units |
| 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 |
Fact Check
The Mahagun Manorial has approx 386+ flats on just 3.84-Acre land which is very dense congested. In fact, in a small residential society, more flats disturb residents living. Leaving in congestion attracts several mental illnesses.
If we talk about the park-facing flats of this project, there is no mean of the park-facing units in a just 3.84-acre residential society.
Mahagun Manorial is a concrete jungle in the name of luxury. What is the JAGIR (Manorial) in just a 3-acre land? If you divide 3.84-acre (15539.93 square meters) land into 386 units, you just got approx 40-square meters of land. Is that the definition of luxury?
Mahagun Manorial Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects
| PROJECT NAME | PRICE (PSF) | POSSESSION RECORD/ REMARKS |
| Mahagun Manorial | ₹9,000-10,500 | Under Construction, very high price |
| Prateek Canary | ₹4,500 | Under construction, On-time delivery, quality construction, finest layout design |
| Godrej Palm Retreat | ₹8,000 | Under construction, Possession December-2024, It’s a very high price for a primary stage under-construction property |
| Godrej Nest | ₹8,000-8,500 | Under Construction, It’s a very high price for an under-construction property |
| Godrej Nurture | ₹8,000-8,500 | Under Construction, It’s a very high price for an under-construction property |
| Godrej Solitare | ₹9,000 | Under Construction, It’s a very high price for an under-construction property |
| ATS Pristine | ₹6,000-6,500 | Ready to Move, finest project for living |
| ATS Pious Hideaways | ₹4,500 | Under Construction |
| ATS Le Grandiose | Phase1-₹5,000-5,500 Phase2-₹4,500-5,000 |
Phase 1 Ready in July-2020, Phase-2 Under Construction |
| Samridhi Luxuriya Avenue | ₹4,000-4,500 | Under Construction, No appreciation |
| ACE Parkway | ₹4,500-5,000 | Under Construction |
| ACE Golfshire | ₹5,000 | Ready to Move, No special appreciation for the last 3 years |
| TATA Eureka Park | ₹4,500-5,000 | Under Construction, No appreciation |
| Antriksh Golf city | ₹4,000 | Delay, Under Construction |
| Sethi Venice | ₹3,500-4,000 | Stuck, Delay, Under construction |
| Destination-150 | ₹4,000-4,500 | Under construction |
ALSO READ: Fact Check, Which payment plan is better for commercial property investment
ALSO READ: 10 Best Commercial Property Investment Project Noida
ALSO READ: How TO Double Your Money Within 3 To 6 Years
10-Acre Factor
According to a survey conducted by CPR, the residential projects which are less than 10-Acre area are not as successful, as above 10-Acre residential projects.
A less than or up to 5-acre or less than the 10-acre residential project has not enough space for all the facilities which are required for high-end urban living attractions. let’s check the facts by a table:-
| PROJECT NAME | PROJECT AREA | RE-SALE PRICE/ REMARKS |
| Mahagun Manorial | 3.84-Acre | Under Construction |
| Anara Daffodil | 7.5-Acre | Ready to Move, No special appreciation |
| Gulshan Vivente | 6.5-Acre | Ready to Move, No special appreciation |
| Exotica Fresco | 7-Acre | Ready to Move, No special appreciation |
| ATS Greens Village | 17 Acre | Fully Occupied, highly appreciated property |
| Purvanchal Royal Park | 13 Acre | Fully Occupied, good appreciated property |
| Purvanchal Silver City | Over-10 Acre | Fully Occupied, highly appreciated property |
| Omaxe Grand | 25 Acre | Fully Occupied, highly appreciated property |
| Ajnara Grand Heritage | 13-Acre | Ready to Move, Good Appreciation |
| Supertech Capetown | 34-Acre | Under Construction |
| Prateek Wisteria | 15-Acre | Ready to Move, good appreciation |
| ATS Pristine | 25-Acre | Ready to Move, good appreciation |
| Mahagun Mezzaria | 10-Acre | Ready to Move, good appreciation |
The above table shows that investment in the bigger residential project is very fruitful in comparison to small residential projects.
Advice
It is better to invest in the above 10-acre residential projects.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of years. Because of a huge unsold residential flats inventory available in several ready-to-move and under-construction projects of Siddharth Vihar. The construction and possession of this project depend on the sale of shops/space so the project may be a delay.
ALSO READ: 5 Best Places For Apartment Living in Noida
ALSO READ: Jevar Airport Impact on Delhi NCR Real Estate
Builders Profile | Track Record
 |
|
| PREDECESSOR | Mahagun Property Management Private Limited, Mahagun India Private Limited, Mahagun Real Estate Private Limited |
| FOUNDED | 1998 |
| FOUNDERS | Pawan Kumar Jain |
| KEY PEOPLE | Dhiraj Jain, Amit Jain |
| COMPANY | PROMOTER | Mahagun |
| PRODUCTS | Apartments, Retail |
| AREA SERVED | Noida, Greater Noida, Ghaziabad |
| PROJECT COMPLETED (COMMERCIAL) | Mahagun Metro Mall, Mahagun Mywoods Mart |
| PROJECT COMPLETED (RESIDENTIAL) | Mahagun Moderne, Mahagun Mezzaria, Mahagun Mansion, Mahagun Mescote |
| PROJECTS ONGOING | |
| DELIVERY TRACK RECORD | Poor |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Not Satisfactory |
| RISK | Delay possession, congested projects, too much loading, customer harassment |
| DEBT | Yes (Mahagun is in the defaulter list of Greater Noida Authority) |
| LITIGATION | Updating soon… |
| OFFICE ADDRESS | Corporate Office 33/1, 3rd floor, Tower B, Corenthum Tower, Sector-62 Noida, (U.P.), Pin Code – 201309, Ph. No.: + 91 120 4890000 |
| BUILDER CATEGORY | SILVER |
Conclusion
The entry/booking price of Mahagun Monorail is already on the very higher side. If you are buying for self-use, then no comments. But if buying it for pure investment then there may be a chance for very delayed appreciation.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.
