As per Location
The Mahagun Manorial residential 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 stations is approx 8-kilometer.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||Mahagun Manorial- UPRERAPRJ2051|
|Possession Date (Expired)||December-2018|
|Possession Date (RERA)||December-2021|
|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|
|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|
The Mahagun Manorial has approx 386+ flats on just a 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 land into 386 units, you just got only 38-meter 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||Phase-1-5,000-5,500
|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|
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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.
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 the delay.
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Builders Profile | Track Record
|PREDECESSOR||Mahagun Property Management Private Limited, Mahagun India Private Limited, Mahagun Real Estate Private Limited|
|FOUNDERS||Pawan Kumar Jain|
|KEY PEOPLE||Dhiraj Jain, Amit Jain|
|COMPANY | PROMOTER||Mahagun|
|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|
|DELIVERY TRACK RECORD||Poor|
|RISK||Delay possession, congested projects, too much loading, customer harassment|
|DEBT||Yes (Mahagun is in the defaulter list of Greater Noida Authority)|
|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
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