Review : Investment in Delhi Mall, New Delhi, Loss Or Profit

Review

CPR Ratings

Investors Vote
[Total: 2 Average: 1.5]

As per Location
The Delhi Mall (Raheja Mall) commercial property investment project is a part of the Kathputhli Colony slum redevelopment.

We can see the location of the Raheja Delhi Mall with 3-logical points.
The First One: The Delhi Mall is right in the middle of the high-density population area of Central Delhi. And the High-density is good for commercial property investments & retail business startups.

Second One: Raheja Delhi Mall is properly connected to multiple public transportation facilities and other civic facilities. Kirti Nagar metro station is a closet to the project.

Third One: Updating soon…

Possession | Construction Update

Construction Status Under Construction
RERA Registration No Delhi Mall (Raheja Mall) – DLRERA2018P0013
Start/Launch Date 26-6-2018
Previous Possession Date 25-6-2020 (Expired)
Possession Date Extended 25-3-2021
Construction Stage Ongoing
Promoters Name Raheja Developers
Architect Name
Land Area 5.5 Acre
Construction Company Raheja Builders
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion/possession date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Fact Check
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 the Delhi-NCR (Noida, Ghaziabad, Gurgaon, Delhi) area such as Select City Walk Saket, Ambience Mall,  Shipra Mall, DLF Mall Of India & GIP, etc. And all the above-said Malls has more than 75% stake for lease only.

It is a fact that the Delhi Mall (Raheja Delhi Mall) is right in the middle of a high-density population area, but most of the population adjoined with this commercial property is urban poor. And the gentry is an important factor to run a mall successfully.

The Delhi Mall (Raheja Delhi Mall) is a small area commercial property, so this mall may not get many benefits from distance areas population of Central Delhi.

The Delhi Mall (Raheja Delhi Mall) is very close to several religious places such as Mosque & Temples.

10-Acre Factor
According to a survey conducted by CPR, the commercial projects which are less than 10-Acre area are not as successful as above 10-Acre commercial projects.

A less than or up to 5-acre or less than the 10-acre commercial project has not enough space for all the facilities which are required to capture big brands, multinational companies, and public attraction. let’s check the facts by a table:-

PROJECT NAME PROJECT AREA  RE-SALE PRICE/REMARKS
Express Trade Tower-2, Noida 5-Acre The price tuck at 5,000-PSF for the last several years. Leasing is also not very impressive.
Logix Technova, Noida 5-Acre The price stuck at 5,000-PSF for the last several years. Leasing is also not very impressive.
Jaipuria Mall-Indirapuram Less than 5-Acre Fail
Aditya Mall-Indirapuram Less than-5 Acre Fail
Wave One, Noida Less than 4-Acre Stuck
Wave Silver Tower Less than 4-Acre Not very impressive
Urbtech NPX Less Than 4-Acre Stuck
Center Stage Mall, Noida Less than 7-Acre Not very impressive
ATS Bouquet, Noida 7.5-Acre The price stuck at 5,000-PSF for the last several years. Leasing is also not very impressive.
GIP, Noida Above-10 Acre Working very fine, fully occupied
Shipra Mall Above-10-Acre Working very fine, fully occupied
Bhutani Alphathum, Noida 17-Acre Successful-high returns
Indirapuram Habitat Centre Over 10-Acre Working Very Fine
DLF Mall of India Over-10-Acre Working very fine, fully occupied
Select CITYWALK, Saket Over 10 Acre Working very fine, fully occupied 

The above table shows that investment in the bigger commercial project is very fruitful in comparison to small commercial projects. And the Raheja Delhi Mall is only a 5-Acre mix land-use property.

ALSO READ: How to Double Your Money Within 3 to 6 Years

Products & Developer
Delhi Mall (Raheja Delhi Mall) under development by Raheja Developers Limited. It’s a mix of land use property. The project consists of Shopping Mall, Food courts, Showrooms, Offices, Movies for a lifestyle living & Delhi’s first & only Gold Souk* (with multi-level lift parking).

Builders Profile | Track Record

  Raheja Builders, review,ratings, feedback,investment,advice
PREDECESSOR Raheja Developers Private Limited
FOUNDED 1990
FOUNDERS Navin M Raheja
KEY PEOPLE Navin M Raheja, AR. Nayan Raheja, Sanjana Rana, Sangita Kumar
COMPANY | PROMOTERS Raheja Developers
PRODUCTS Apartments, Commercial Offices, Shopping Malls, Retail, Hotel, Lesure & Hospitality
AREA SERVED Delhi, Gurgaon
PROJECTS COMPLETED Raheja Mall
PROJECTS ONGOING Raheja Trinty, Leela Sky Villas Delhi
DELIVERY TRACK RECORD Very Poor, delay possession
NET WORTH
STRENGTH
COMMITMENT ???
RISK delay possession, investment can be stuck
DEBT Updating soon
LITIGATION  Facing unfair trade practice charges in Indian courts
OFFICE ADDRESS Corporate Office
Raheja Mall, 3rd Floor, Sector-47, Sohna Road, Gurugram – 122001, Tel: +91-0124-4681111, Email: marketing@raheja.com
BUILDER CATEGORY BRONZE

 

ALSO READ: TOP 10 Best Commercial Property Investment Projects Noida

ALSO READ: Which Payment Plan is Better For Commercial Property Investment

Price | Lease Price
Delhi Mall (Raheja Mall) available in original bookings price start at approx:-

UNIT TYPE SIZE (Sq Ft) PRICE (PSF)
Retail Shop 500-1000 26,000

.

Conclusion
The sale price of Delhi Mall (Raheja Mall) is already on the very higher side. It is better to do your own research before investing in any Mall type commercial property. More Updating soon…

CPR Ratings

Investors Vote
[Total: 2 Average: 1.5]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN SALE PURCHASE OF PROPERTIES.

 

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