{"id":1908,"date":"2017-12-20T13:17:36","date_gmt":"2017-12-20T13:17:36","guid":{"rendered":"http:\/\/www.commercialproperty.review\/?p=1908"},"modified":"2026-10-15T15:01:20","modified_gmt":"2026-10-15T15:01:20","slug":"review-investment-spaze-boulevard-sector-47-sohna-road-loss-profit","status":"publish","type":"post","link":"https:\/\/www.commercialproperty.review\/index.php\/2017\/12\/20\/review-investment-spaze-boulevard-sector-47-sohna-road-loss-profit\/","title":{"rendered":"Review : Investment in Spaze Boulevard, Sector 47, Sohna Road, Gurugram, Loss or Profit"},"content":{"rendered":"

<\/strong>
\nAs per Location<\/strong>
\nThe Spaze Boulevard is located on main Sohna road. It\u2019s a 2-side open corner property. This property the Spaze Boulevard is 100% visible and walkable to all passers from the Sohna Road and nearby residential societies\/sectors roads. So we can say that the location of the Spaze Boulevard, Gurugram is very impressive.<\/p>\n

Possession<\/strong>
\nThe Spaze Boulevard is in the services since the year 2016.<\/p>\n

\"Spaze<\/p>\n

Advantages | Good Factors<\/strong>
\nThe Layout design of Spaze Boulevard project is very attractive. The ground floor commercial retail shop of this project is properly visible and looks like the high street open market, especially the main road facing retail shops, so the investment in the ground floor main road facing shops can give excellent returns in the future.<\/p>\n

Spaze Boulevard is very well connected to the multiple public transportation facilities and other civic facilities.<\/p>\n

The Spaze Boulevard are featuring new methods Serviced Apartments because not only they are fully-furnished and fully-serviced, but also because they are multi-purpose and economical alternatives to hotels for travel executives and other guest executives to stay for short and long periods of time.<\/p><\/blockquote>\n

The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater\u00a0to every business.<\/p>\n

Commercial Real Estate Project Investment Criteria Table<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
MUST REQUIRED FACTORS<\/strong><\/td>\nACTUAL FACTS-SPAZE BOULEVARD<\/strong><\/td>\nGRADING<\/span><\/span><\/strong><\/td>\n<\/tr>\n
Urban Rich Gentry<\/span><\/span><\/strong><\/td>\nHigh Class, Upper Middle Class. Highly inhabitants area os Sohna Road.<\/td>\nA1<\/strong><\/td>\n<\/tr>\n
Connectivity<\/strong><\/td>\n11-Minute drive from-<\/strong> NH-8 Gurgaon
\n23-Minute drive from-<\/strong> DLF Cyber City.
\nNearest Metro Station<\/strong> 13-Minutes (Huda City Center)
\nInternational Airpor<\/strong>t-19.3-Km (IGI Airport<\/td>\n		A1<\/strong><\/td>\n<\/tr>\n
Layout Design<\/span><\/span><\/strong><\/td>\nInternational standard office space, highly visible retail, Impressive layout & elevation<\/td>\nA<\/strong><\/td>\n<\/tr>\n
Multiple Entries<\/span><\/span><\/strong><\/td>\nYes<\/td>\nA<\/strong><\/td>\n<\/tr>\n
Visibility<\/strong><\/td>\nHighly visible, wide frontage<\/td>\nA<\/strong><\/td>\n<\/tr>\n
High-Density population<\/strong><\/td>\nWithin a radius of 500-meter more than 50-Thousand Flats and 2-Lakh urban rich people and can denser more in upcoming years.<\/td>\nA1<\/strong><\/td>\n<\/tr>\n
Youthful Footfall<\/strong><\/td>\nYes<\/span><\/span><\/strong><\/td>\nA<\/strong><\/td>\n<\/tr>\n
Public Security<\/strong><\/td>\nPolice Station -15-Minute
\nFire Station 15-Minute<\/td>\n		A<\/strong><\/td>\n<\/tr>\n
Industrial Area<\/strong><\/td>\nWalking distance<\/td>\nA1<\/strong><\/td>\n<\/tr>\n
Urban\/Civic Facilities<\/strong><\/td>\nMaximum facilities available<\/td>\nA1<\/strong><\/td>\n<\/tr>\n
Developers Credibility<\/strong><\/td>\nQuality Construction & Maintenace, GOLD standard Developer <\/span><\/span><\/strong><\/td>\nA<\/strong><\/td>\n<\/tr>\n
Price Comparison<\/strong><\/td>\nCompetitive price<\/td>\nA<\/strong><\/td>\n<\/tr>\n
Competitors<\/strong><\/td>\nNo Competitors\u00a0 <\/span><\/span><\/strong><\/td>\nA1<\/strong><\/span><\/td>\n<\/tr>\n
Expected ROI<\/span><\/span><\/strong><\/td>\n6% to 8% Annually<\/td>\nA<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"Spaze<\/p>\n

Advice<\/strong>
\nSpaze Boulevard is the right choice for investment for those who are looking for ROI in the next year or so. They can get a real appreciation of value for resale in a couple of years.<\/p>\n

The Spaze Boulevard ground floor front facing retail shops is a much better investment option than office space and serviced apartments of this project.<\/p>\n

Drawbacks | Bad Factors<\/strong>
\nThe Spaze Boulevard location is prime but in this prime location, several other prime location Mall type commercial properties also exist such as ILD Trade Center (ILD Mall ),\u00a0 Orchid Business Park, JMD Galleria, JMD MegaPolis, Spaze Platinum Tower, and\u00a0 Raheja Mall, etc. All the above-said commercial projects are in the services for more than 5-years.<\/p>\n

All the above-said projects creating investment competition with each other at this location. There is a big gap in demand and supply. The supply is very high in comparison to the demand.\u00a0So at present, the investors facing problems in leasing and selling their commercial retail shops and office spaces in all the above commercial projects.<\/p>\n

Products & Developer<\/strong>
\nThis project is developed by the Spaze Group. It\u2019s a commercial project. The Spaze Boulevard consists of commercial retail shops, office space, and serviced apartments, etc.<\/p>\n

Builders Profile | Track Record<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/strong><\/td>\n\"Spaze<\/td>\n<\/tr>\n
PREDECESSOR<\/strong><\/td>\nKS Estate Developers And Promoters Private Limited, Ks Infratech Private Limited, Spaze Towers Private Limited<\/td>\n<\/tr>\n
FOUNDED<\/strong><\/td>\n2006<\/td>\n<\/tr>\n
FOUNDERS<\/strong><\/td>\nHarpal Singh Chawla, Jaspal Singh Chawla<\/td>\n<\/tr>\n
KEY PEOPLE<\/strong><\/td>\nVipin Sharma, Bharat Kumar Bhushan, Harpal Singh Chawla, Aman Sharma, Deepak Kumar, Jaspal Singh Chawla<\/td>\n<\/tr>\n
COMPANY | PROMOTER<\/strong><\/td>\nSpaze<\/td>\n<\/tr>\n
PRODUCTS<\/strong><\/td>\nCommercial offices, Shopping Malls, Retail, IT Parks<\/td>\n<\/tr>\n
AREA SERVED<\/strong><\/td>\nGurugram (Gurgaon)<\/td>\n<\/tr>\n
PROJECTS COMPLETED (Residential)<\/strong><\/td>\nSpaze Privvy The Address, Spaze Privy 72, Spaze Villa Apartment, Privy AT4<\/td>\n<\/tr>\n
PROJECT COMPLETED (Commercial)<\/strong><\/td>\nSpaze Buziness Park, Spaze Boulevard<\/span><\/a>, Spaze Palazo, Spaze Platinum Tower, Spaze Edge, Spaze Itechpark<\/td>\n<\/tr>\n
PROJECTS ONGOING<\/strong><\/td>\nSpaze Corporate Park, Spaze Apotel, Spaze Forum, Spaze Tristaar<\/span><\/a>, Spaze Arrow<\/td>\n<\/tr>\n
DELIVERY TRACK RECORD<\/strong><\/td>\nVery poor, Delay possession<\/td>\n<\/tr>\n
NET WORTH<\/strong><\/td>\n<\/td>\n<\/tr>\n
STRENGTH<\/strong><\/td>\n<\/td>\n<\/tr>\n
COMMITMENT<\/strong><\/td>\nQuality construction & maintenance, state of the art projects<\/td>\n<\/tr>\n
RISK<\/strong><\/td>\nDelay possession, long wait<\/td>\n<\/tr>\n
DEBT<\/strong><\/td>\nUpdating soon…<\/td>\n<\/tr>\n
LITIGATION\u00a0<\/strong><\/td>\nYES (Facing unfair trade practice charges in Indian courts) charges)<\/td>\n<\/tr>\n
OFFICE ADDRESS<\/strong><\/td>\nSpaze Towers Pvt. Ltd. SPAZEDGE, Sector-47, Sohna Expressway, Gurgaon, Haryana – 122002Phone: +91-124 4615999, +91-93546 21711, eMail: info@spaze.in<\/td>\n<\/tr>\n
BUILDER CATEGORY<\/span><\/span><\/strong><\/td>\nGOLD<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong>
\nPrice | Lease Price<\/strong>
\nSpaze Boulevard retail commercial shops, office space sale\/lease price starts at approx:-<\/p>\n\n\n\n\n\n\n\n
UNIT TYPE<\/strong><\/td>\nSIZE (Sq Ft)<\/strong><\/td>\nPRICE (PSF)<\/strong><\/td>\nLEASE PRICE (PSF)<\/strong><\/td>\n<\/tr>\n
Retail Shops<\/td>\n<\/td>\n10,000-23,000<\/td>\n70-120<\/td>\n<\/tr>\n
Office Space<\/td>\n<\/td>\n8000-10,000<\/td>\n50-65<\/td>\n<\/tr>\n
Serviced Apartments<\/td>\n600, 900, 1100<\/td>\n80\/- Lakh<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The price of serviced apartments is already on the very high side, but the price of the commercial retail shop and office space is reasonable.<\/p>\n

Conclusion <\/strong>
\nThe Spaze Boulevard is good for retail business startups & office setups.<\/span><\/p>\n

<\/strong><\/h3>\n

NOTE:<\/strong> BEFORE INVESTING DO YOUR OWN RESEARCH<\/p>\n","protected":false},"excerpt":{"rendered":"

The Spaze Boulevard is good for retail business startups.
\nRight now if anyone invests in the Spaze Boulevard, ground floor road facing commercial retail shops, definitely he will get minimum 6% per annum return. At present, if you are investing in the Spaze Boulevard, ground floor commercial retail shops, Within 3 year, you can get a price of INR Rs 25K per sq ft to INR Rs 30K per sq ft expected.<\/p>\n","protected":false},"author":1,"featured_media":1911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[334,914,545,828,220,422,421,478,221,392,255,389,910,510,558,331,679,487,272,482,249,513,483,488,911,829],"gp_videos":[],"class_list":["post-1908","post","type-post","status-publish","format-standard","has-post-thumbnail","category-review","tag-advice","tag-builders","tag-commercial","tag-expert","tag-feedback","tag-gurgaon","tag-gurugram","tag-hotel","tag-investment","tag-lease","tag-office-space","tag-price","tag-profile","tag-projects","tag-property","tag-ratings","tag-real-estate","tag-rent","tag-retail","tag-sector-47","tag-serviced-apartments","tag-shop","tag-sohna-road","tag-spaze-boulevard-review","tag-track-record","tag-views"],"yoast_head":"\nSpaze Boulevard Sohna Road Gurugram Review: Location & Layout<\/title>\n<meta name=\"description\" content=\"Read our Spaze 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