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|
|Previous Possession Date||25-6-2020 (Expired)|
|Possession Date Extended||25-3-2021|
|Promoters Name||Raheja Developers|
|Land Area||5.5 Acre|
|Construction Company||Raheja Builders|
|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.|
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.
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.
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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
|PREDECESSOR||Raheja Developers Private Limited|
|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|
|RISK||delay possession, investment can be stuck|
|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: firstname.lastname@example.org
Price | Lease Price
Delhi Mall (Raheja Mall) available in original bookings price start at approx:-
|UNIT TYPE||SIZE (Sq Ft)||PRICE (PSF)|
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…
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN SALE PURCHASE OF PROPERTIES.