As per Location
The Retail Park (retail shops & office space) commercial project is situated at the Bopal-Ghuma BRTS Road, Rajyash City, Bopal, Ahmedabad. The Retail Park is a 3-side open corner property with eye-catching visibility.
This commercial property is connected to Sardar Patel Ring Road, Bopal is a quick creating private territory in the western part of Ahmedabad. Bopal generally comprises of a multi-story building and different ventures, appropriate for reasonable and affordable purchasers. A large number of these tasks are finished and are well-outfitted with current comforts.
The Retail Park is adjoined to the several ready to move residential group-housing societies. The project has direct access from the main road.
Prominent schools and higher education institutes are in close proximity, such as Shiv Ashish School, Rathore University, Delhi Public School Bopal, Ahmedabad Homeopathic Medical College, Mahavira Institute of Technology And Management, College of Dental Sciences and Research Centre, Ahmedabad Physiotherapy College, Anant National University, which insure youthful footfall to this commercial property.
The Retail Park is right in the middle of the high-dense urban rich residential area of Bopal. Overall, it is an approachable location commercial property investment project.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||The Retail Park- PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/CAA03537/A2C/310720|
|Possession Date Offered by Developer||December-2020|
|Possession Date (RERA)||December-2023|
|Promoter Name||RS Procon|
|Architect Name||Studio Eethetics|
|Land Area||14.232282 Acre|
|Number of Units/Shops||900+|
|Construction Company||Shree Rang Developer|
|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.|
Advantages | Good Factors
Connected to Sardar Patel Ring Road, Bopal is a quick creating private territory in the western part of Ahmedabad. Bopal generally comprises of a multi-story building and different ventures, appropriate for reasonable and affordable purchasers. A large number of these tasks are finished and are well-outfitted with current comforts. There are a few under-development projects too. Well-known residential group-housings in Bopal are JP Iscon Platinum, HN Marigold, SafalParisar, Safal Orchid Elegance, Garden Residency, Hari om Elegance, JP Iscon Flower, Signature Bliss, Sai Green ValleyViraj Vihar Society, Binori Solitaire, Safal Parisar, Orchid Paradise, Sun South Park, etc. And that is a very good sign for commercial property investment.
There are more than 20-thousand flats and an approx residential population of more than 40-thousand people and denser more in upcoming years. Which is a very good sign for commercial property investment in i.e. The Retail Park.
The Retail Park has multiple entries and exits points. Multiple entries and exits points attract customer/visitors footfall quickly and provide maximum visibility/exposures to every area of the project. Which is an approachable sign for investment in this project.
The Retail Park Price & Developers Delivery Track Record Comparison With Other surrounding Nearby Commercial Projects
|PROJECTS NAME||PRICE (PSF)||POSSESSION RECORD/REMARKS|
|The Retail Park||14,00-15,00||Expected Possession December-2020. RERA Possession-December-2023|
|Shivalik Satyamev||Office-6,500-8,000||Ready, Occupied|
|Sun Central Park||Retail-15,000-20,000
ALSO READ: How to Double Your Money Within 3 to 6 Years
Actually, the Malls/Mega Retails which are up for sale get defective. Only those Malls are working fine which has at least a 75% stake for lease otherwise, all other Mall type properties are the investment of 90% loss.
The layout design of the project is very congested. Only some front-facing BRTS road facing retail shops are properly visible.
All the main entry corridors are just 7.50-meter wide, which is not justify. A mega commercial property should be the grand entrance. And which is a weak point of this commercial project.
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-THE RETAIL PARK||GRADING|
|Urban Rich Gentry||Middle Class, Upper Middle Class. Radiational Societies within Walking distance-JP Iscon Platinum, HN Marigold, Safal Parisar, Safal Orchid Elegance, Garden Residency, Hari om Elegance, JP Iscon Flower, Signature Bliss, Sai Green ValleyViraj Vihar Society, Binori Solitaire, Safal Parisar, Orchid Paradise, Sun South Park, etc||A1|
|Connectivity||BRTS- Walking distance.
Nearest Metro Station –
International Airport-21.6-Km (Ahmedabad Airport)
|Layout Design||Not very impressive. It’s an E-shape layout design commercial project. Only some front-facing ground floor retail shops are properly visible. Small main entry Coredors just 7.50 meters.||B|
|Visibility||Highly visible, wide frontage||A|
|High-Density population||Within a radius of 1-Km more than 20-Thousand Flats and 40-Thousand urban rich people and can denser more in upcoming years.||A|
|Public Security||Police Station -15-Minute
Fire Station 15-Minute
|Industrial Area||Updating soon||A|
|Urban/Civic Facilities||Maximum facilities available||A|
|Developers Credibility||Quality Construction & Maintenace,||A|
|Price Comparison||Competitive price||A|
|Expected ROI||4% to 6% Annually||A|
Investment Tips Before investing in commercial real estate, it is better to decide why you are investing. Actually, there are two types of investors, the first one who buys retail shops or office space for self-use and the second one who bought it for pure rental income and sell when getting some appreciation. So if you are buying it for your self-use, you can buy any size according to your uses, but if you are buying it for pure rental or appreciation income, then go for virtual space or buy at least minimum 1000 sq ft carpet area, because if you buy a small shop or office space for rental income you hardly get any brand to lesae out your space. The brands or multinational companies want the bigger space for their operations. And there are several must require things such as dedicated bigger parking spaces, negotiations in CAM charges, specific signage, dedicated power backup, bigger space in a single floor plate, and several must require NOCs, which are very difficult to arrange by a small or individual investor. So that, before investing in any commercial project, talk to the developer, that you won't buy it for self-use, but for pure rental income, and handover/responsible it for the developer to lease out. Otherwise, you won't get your expected appreciation or may get delayed appreciation or loss
Products & Developer
The Retail Park, Bopal commercial project is under development by the Riddhi Siddhi Rajyash And Samarth Group. This project consists of commercial retail shops, Anchor Store, food courts, office space, Multiplex, etc.
Builders Profile | Track Record
|PREDECESSOR||Rajyash Infrastructure Private Limited|
|FOUNDERS||Bhdresh Kumar Ramesh Chandra Shah, Ajaykumar Rameshchandra Shah, and Rajendra Kumar Ramesh Chandra Shah.|
|KEY PEOPLE||Bhdresh Kumar Ramesh Chandra Shah, Ajaykumar Rameshchandra Shah, and Rajendra Kumar Ramesh Chandra Shah.|
|COMPANY | PROMOTER||Rajyash|
|PRODUCTS||Commercial offices, Shopping Malls, Retail, IT Parks, Apartments, Hotels|
|PROJECTS COMPLETED||Swara, Sahaj Silicon, Sandstone, Meghanshwood, Moksha Bungalows, Riya residency, Rajyash Richmond, RajyashRevirium, RajyashRevanta, RajyashReveera, Sahaj Solarium|
|PROJECTS ONGOING||The Retail Park|
|DELIVERY TRACK RECORD||Updating Soon…|
|COMMITMENT||Quality construction & maintenance|
|OFFICE ADDRESS||305 – 405, MAURYANSH ELANZA, Nr.Parekh’s Hospital, Shyamal Crossroad, Ahmedabad, Gujarat 380015, Phone: 079 2675 1151, +91 82380 43143, Email: firstname.lastname@example.org|
Price | Lease Price
The Retail Park, Bopal retail shops & office space price starts at approx:-
|FLOOR||SIZE (Sq Ft)||PRICE (PSF)|
The data (based on the search query performed), on this webpage of CommercialProperty.Review has been made available for informational purposes only and no representation or warranty is expressly or impliedly given as to its accuracy. Any investment decisions that you take should not be based relying solely on the information that is available on the website CommercialProperty.Review or downloaded from it. Nothing contained herein shall be deemed to constitute legal advice, solicitation, invitation to acquire by the developer/builder, or any other entity. You are advised to visit the relevant RERA website and analyze/research yourself before taking any decision based on the contents displayed on the website. The website and the information contained herein are not intended as legal, & financial advice and must not be relied on as such and is for guidance and general information only. Your use of the Website is solely at your own risk. This website is for guidance only.
Please Note: We are not dealing in the sale purchase of properties. Before investing, do your own research.