Review : Investment in The Retail Park, Bopal, Ahmedabad Loss or Profit

Ahmedabad

CPR Ratings

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
Start/Launch Date 29-09-2018
Possession Date Offered by Developer December-2020
Possession Date (RERA) December-2023
Promoter Name  RS Procon
Architect Name Studio Eethetics
Construction Stage Advanced
Land Area 14.232282 Acre
Number of Units/Shops 900+
Construction Company Shree Rang Developer
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.

 

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
Office-4,000-4,500
Ready, Occupied

 

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Fact Check
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
Prime Location GOLD A
Connectivity BRTS- Walking distance.
Nearest Metro Station
International Airport-21.6-Km (Ahmedabad Airport)
A
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
Multiple Entries Yes A
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
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Updating soon A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Quality Construction & Maintenace, A
Price Comparison Competitive price A
Competitors Several Competitors  B
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

  Rajyash builders
PREDECESSOR Rajyash Infrastructure Private Limited
FOUNDED 2005
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
AREA SERVED Ahmedabad
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…
NET WORTH
STRENGTH
COMMITMENT Quality construction & maintenance
RISK Updating soon…
DEBT Updating soon…
LITIGATION  Updating soon…
OFFICE ADDRESS 305 – 405, MAURYANSH ELANZA, Nr.Parekh’s Hospital, Shyamal Crossroad, Ahmedabad, Gujarat 380015, Phone: 079 2675 1151, +91 82380 43143, Email: info@rajyashgroup.com
BUILDER CATEGORY SILVER

 

Price | Lease Price
The Retail Park, Bopal retail shops & office space price starts at approx:-

FLOOR SIZE (Sq Ft) PRICE (PSF)
Ground Floor 520-1235 14,000
First Floor 560-2290 10,200
Second Floor 560-2290 6,500
Third Floor 560-2290 5,000
Fourth Floor 560-2290 4,500
Fifth Floor 560-2290 4,500

 

Conclusion
Updating Soon…

CPR Ratings

Investors Vote
[Total: 5 Average: 3.4]

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