Review : Investment in Ajnara Panorama, Yamuna Expressway, Loss or Profit

Residential Property Review

CPR Ratings

As per Location 
The Ajnara Panorama residential project is located in sector 25 Yamuna Expressway Greater Noida. Sector-25 Yamuna Expressway is just opposite to F1 racing track (Formula One Racing Track).   At present the public transportation facilities in this area are very limited.

At present, there are very limited employment facilities on the Yamuna expressway section of Greater Noida.

Prominent institutions and schools are in the closest proximity such as Galgotai University, Gautam Buddha University, Noida International University, Greno Public School, GBU School of Engineering, etc.

Possession | Construction Update

Construction Status All-most ready for possession in Year-2020
RERA Registration No Ajnara Panorama (Phase-1: Tower A, B,C,G)- UPRERAPRJ2605
Ajnara Panorama (Phase-2 Villas)- UPRERAPRJ2990
Ajnara Panorama (Phase-3 Studio & Convenient Shops)-UPRERAPRJ3058
Start/Launch Date January-2013
Possession Date (RERA) Ajnara Panorama (Phase-1: Tower A, B, C, G)- August-2019
Ajnara Panorama (Phase-2 Villas)- February-2019
Ajnara Panorama (Phase-3 Studio & Convenient Shops)- August-2020
Construction Stage All-most ready for possession
Land Area Ajnara Panorama (Phase-1: Tower A, B, C, G)- 3.428093 Acre
Ajnara Panorama (Phase-2 Villas)- 11.1148 Acre
Ajnara Panorama (Phase-3 Studio & Convenient Shops)- 1.868858 Acre
Total Units/Flats Updating… (if anyone has information email us)
Total Towers Updating… (if anyone has information email us)
Promoter Name Ajnara India Limited
Construction Company Self
Architect Name Ar. Vishal Mittal
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
Greater Noida is a well-planned city. There are so many well planned residential townships, flats, societies, schools, colleges, and universities, but there are no industries, manufacturing units, and other business industries.

There is a lot of hooliganism in the Greater Noida that’s why it is difficult to do business here. We can say that the Greater Noida is no gentlemen’s land.

The maximum residential societies/flats are vacant or low-density population, and most of these are college students. At present, the Greater Noida has become an education hub.

If you buying it for yourself, then there is no comment, but there is no point of investment at this time. The investment may take a long time to grow, in the same price, you can buy property in the already inhabited areas of Greater Noida.

The Ajnara Panorama is an average layout design project. The overall architecture is not very impressive

Ajnara Panorama Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects

PROJECT NAME PRICE (PSF) POSSESSION RECORD/ REMARKS
Ajnara Panorama 3,000 All-most ready for possession- Year-2020
Gaur Yamuna City 2,500-3,000 Part possession
ATS Allure 2,800-3,000 Ready, finest location and layout design

 

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Builders Profile | Track Record

  Ajnara Builder
PREDECESSOR Ajnara Farms and Services Limited
FOUNDED 1991
FOUNDERS GP Gupta, Ashok Gupta, Vinod Gupta
COMPANY | PROMOTERS Ajnara India Limited
PRODUCTS Apartments, Retail, Shopping Malls
AREA SERVED Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad)
PROJECTS COMPLETED Ajnara Arcade, Orbit Plaza, Ajnara Le-Mart
PROJECTS ONGOING Ajnara City Centre, Ajnara Fragrance Walk
UP-COMMING PROJECTS Ajnara Times Square
DELIVERY TRACK RECORD Very Poor, Dealy Possession
NET WORTH
STRENGTH
COMMITMENT Not satisfactory
RISK delay possession, long wait, average quality construction
DEBT Yes
LITIGATION  Facing corruption and unfair trade practice charges in Indian courts
OFFICE ADDRESS
D-247/26, Sector-63, Noida,
Uttar Pradesh – 201301, India
Phone: 0120-416-6777
Fax: +91 120 4193953
BUILDER CATEGORY
SILVER

 

Conclusion
If you buying it for yourself, then there is no comment, but there is no point of investment at this time. The investment may take a long time to grow. It is better to invest reasonable price commercial property/retail shops etc.

ALSO READ: RERA Loop Holes

CPR Ratings

Investors Vote
[Total: 3 Average: 3]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

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