Review : Investment in NX One, Noida Extension, Loss or Profit

Advice:- Before investing in this project please check the dues of Greater Noida Authority related to this/Project/Land/Company/Developer, and whether any dues are pending or any EMI is not up to date, then the investment may be risky.

CPR Ratings

As per Location
The NX One is situated at the Kisan Chowk, which is the main roundabout of Greater Noida West. Its 3-side open corner property of Tech-Zone-4. The project has a very wide frontage.

The Kisan Chowk is the gateway of Greater Noida West. NX-One is just a 7-minute drive from sector 121 Noida & NH-24 Highway. The project is just a 10-minute drive from the high-density population area of Crossings Republik & village Shahberi.

NX-One is in the central location of several high-rise residential group-housing societies. The project is very well connected to the main points of Noida, Greater Noida & Ghaziabad. NX-One Mall is an approachable location commercial project.

Possession | Construction Update

Construction Status	Under Construction
RERA Registration No	NX One- UPRERAPRJ4746
Start/Launch Date	June – 2014
Possession Date	The promised date of delivery of the project was set for the year-2017. After RERA Revised Possession date- August-2023
Possession Status	Delay
Construction Stage	Ongoing
Construction Company	Modern Construction Company (Delhi)
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
NX-One is the central location of a high-density population area of Noida Extension. There are more than 20-thousand flats and an urban rich residential population of more than 40-thousand peoples near to this project. And which is a very good sign for commercial property investment.

DAH NX One is properly connected to multiple public transportation facilities and other civic facilities. Sector 52 Noida Metro station is just a 10-minute drive from NX-One. The project is also very close to the upcoming Kisan Chowk metro station of Greater Noida West. Which is also a very good sign for commercial property investment.

The IT-office spaces are perfectly designed for maximum visibility. The IT-Office space is designed to meet international standards and can cater to every information technology-related business.

NX-One studio apartments/serviced apartments can be a good investment option if they are pre-leased to any reputed hospitality brand. Please note, before investing in Studio/Serviced Apartments check its land use. If the land use is residential, then legally they are not pre-leased to hospitality brands.

NX-One price is reasonable in comparison to other commercial projects of this location (Kisan Chowk & Buddha Chowk) of Greater Noida West.

NX-One can be a perfect destination for Call Centers, BPO, Software Development, back-office support companies, etc. The project has proper parking spaces for stakeholders and visiting guests.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS	ACTUAL FACTS-NX-ONE	GRADING
Urban Rich Gentry	Within 300-Metter, affordable housing township Gaur City & Tech Zone-4 Residentials.	B
Connectivity	5-Minute drive from- NH-24, Sector 121 Noida 10-Minute drive from- Sector-79, 76,117,120, & sector 121 of Central Noida. Nearest Metro Station 15-Minutes (Sector 52) Domestic Airport-23Km (Hindon Airport) Ghaziabad Railway Station-16Km	A
Layout Design	Not very impressive	B
Multiple Entries	Yes	A
Visibility	Properly visible, corner property	A
High-Density population	Within a 500-Meter radius more than 20-Thousand Flats and 60-thousand people and can denser more in upcoming years.	A
Youthful Footfall	No Higher education Institutes	B
Public Security	Mahila Thana-Ecotech-3, 15-Minute Police Station -10-Minute Fire Station 10-Minute	A
Industrial Area	Within 3-Km, Ecotech-3, 4, 11, 12	A
Urban/Civic Facilities	Maximum facilities available	B
Developers Credibility	Zero, BRONZE standard eveloper	D
Price Comparison	Competitive Price	A
Competitors	Within 500-meter radius more than 15 mega commercial projects. Oversupplied commercial location	C
Expected ROI	May takes a very long time	C

 

ALSO READ: How to Double Your Money by Investing in Commercial Real Estate

Key Points
If construction/possession of the NX ONE Mall is completed in the set time frame or on before the set time frame or on before other surrounding commercial projects of this location then this commercial project can give excellent returns to investors. Because, at present, there is no ready-to-move mega commercial project available at this location of Kisan Chowk/Gaur Chowk Noida Extension to cater to office, shopping, entertainment, and other needs of nearby residents.

If anyone wants to invest at this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties, we advise preferring advance stage construction projects or ready-to-possession projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under-construction projects of this location completely.

NX ONE Price, Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Noida Extension

PROJECT NAME	PRICE (PSF)	POSSESSION RECORD
NX-ONE	Office-₹5,149 Retail-₹17990	Delay, possession date revised several times, now December-2024
Grandthum	Office-₹4,250 Retail-₹17,990	On-time, June-2023 (Delivered several commercial projects in Delhi-NCR such as Parmesh-I, Parmesh-II, Parmesh Business Centre-I, Parmesh Business Centre-II, Parmesh Corporate  Tower, iTHUM, Alphathum, World Square Mall
Gaur City Center	Office- Retail-₹25,900	Delay, possession date revised several times, now January-2024
ATS Kabana High	Office-₹6,000 Retail-₹25,000	First mega commercial project by this builder, possession May-2026
Galaxy Diamond Plaza	Office-₹6,490 Retail-₹24,000	Delay, possession date revised several times, now September-2020
BW Walk Mall	Office-₹6,483 Retail-	Delay, possession date revised several times, RERA date has been passed. still no progress.
Galaxy Blue Sapphire Plaza	Office-₹6,499 Retail-₹26,000	Delay, possession date revised several times, RERA date has been passed. Now the revised RERA date is July-2021
AIMS Central Plaza	Retail-₹23,000	March-2021
Gaur World Street	Retail-₹25,900	March-2027
Mahagun Marina Walk	Office-₹5,990 Retail-₹28,000	December-2025
London Mart	Office- Retail-₹19,990	Delay, possession date revised several times, now phase-1 July-2022
Apex Park Square	Retail-₹24,900	The first mega commercial project, May-2022
PKS Town Central	Retail-₹26,000-₹30,000	Delay, possession date revised several times, Now Phase-1 August-2022, Phase-2 August-2023, Phase-3 August-2024
Ufairia Mall	Retail-₹16,00-20,000	Delay, possession date revised several times, now December-2024
Saya South X	Retail-26,500	The first mega commercial project, September-2023
Ocean Golden i	Updating	Delay, possession date revised several times, now June-2022

 

Fact Check
The Kisan Chowk and Buddha Chowk Noida Extension have oversupply commercial projects. This location is already cross the limit of commercial property development.

Actually, at this location there are more than 10 mega commercial projects are under construction within a radius of 500-meter such as Gaur City Center, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Sapphire Plaza, AIIMS Central Plaza, Gaur World Street Mall, Mahagun Marina Walk,  IDI London Mart, PKS Town Central, Ufairia Mall, Saya South-X, Sarvottam Golden-i, etc.

All the above said commercial properties/projects are creating an investment competition at this location. There is a very big gap in demand and supply. The supply is very high in comparison to demand. So after completion possession, the investors may face very tuff competition for leasing and selling their retail shops, office space, studio apartment, etc

Maximum Mall or Mall-type properties are not the good and safe investment options in the Ghaziabad, Noida, and Greater Noida area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls are running fine in Ghaziabad, Noida, and Greater Noida area such as Shipra Mall, GIP Mall,  DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss.

Advice
NX-One is best suited if you are willing to hold your investment onto a longer term for returns as it would take more couple of year for completion of the property and the market to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within 2-4 km. And this is subjected to the early completion of this project.

Products & Developer
This project is under development by the DAH Group (SP SAI IT PVT LTD). It’s a mixed land use project, with IT/ITES office space, Retail Space, Corporate Suites, and Residential Apartments. It’s a 25-acre land allotted by the Noida Authority.

Builders Profile | Track Record

PREDECESSOR	Sp Sai IT Private Limited
FOUNDED	2014
FOUNDERS	Devesh Kumar Singh, Arvind Kumar Singh, Himanshu Singh
KEY PEOPLE	Arvind Kumar Singh, Himanshu Singh, Abhimanyu Singh, Devesh Kr Singh
COMPANY /PROMOTER	DAH
PRODUCTS	Commercial offices, Shopping Malls, Retail
AREA SERVED	Greater Noida
PROJECTS COMPLETED	None
PROJECTS ONGOING	NX One -Starts in 2014 Till Date Under Construction
DELIVERY TRACK RECORD	delay possession, long wait
NET WORTH
STRENGTH
COMMITMENT	Zero
RISK	Delay completion, bank & Noida authority dues
DEBT	Yes
LITIGATION	Updating soon…
OFFICE ADDRESS	Address: C 26, Sector 67, Noida 201301, Phone: 97 181 30000, 0120-2484132, Email: info@nx-one.com
BUILDER CATEGORY	BRONZE

 

Price Appreciation Track Table NX One

YEAR	PRICE (PSF)	APPRECIATION/REMARKS
June-2014	Office Space-₹4,000 Retail Shop-₹ 16,000 Studio Apartments-₹20,00,000	Launching Price
June-2017	Office Space-₹5,149 Retail Shop-₹17,900 Studio Apartments-₹25,59,000
January-2021	Office Space-₹5,149 Retail Shop-₹17,900 Studio Apartments-₹25,59,000

 

Conclusion
The investors may get a minimum of 4% to 5% per annum return from NX-ONE, and this is subjected to the early completion of this project.

CPR Ratings

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