As per Location
The Bestech Marketplace (retail shops) commercial project is situated at the entry point of sector 92, Gurgaon. The project has a wide frontage & a very impressive layout design.
The Bestech Market place is adjoined to the ready to move residential townships, Bestech Park View Sanskruti. The project has direct access from the Dwarka Expressway, NH-8, and Pataudi Road.
The project is properly visible and walkable to nearby residential group-housings of sector 92, 91 & sector 93 Gurugram. At present, sector-92 is an under developing location but approx within 3-years, after completion possession of several residential group-housing projects it may be a high-density population area. So can say that the Bestech Market place is an excellent location project.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | Bestech Market Place- GGM/380/112/2019/74 DATED 09.12.2019 |
| Start/Launch Date | 19-12-2019 |
| Possession Date Offered by Developer | January-2023 |
| Possession Date (RERA) | March-2025 |
| Construction Stage | Primary |
| Land Area | 5.725 Acre |
| Number of Units/Shops | 432 |
| Construction Company | Bestech India Private Limited |
| 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
The retail spaces are perfectly designed for maximum visibility. All the retail shops are good for well established branded showrooms, restaurants, branded food outlets, grocery stores, branded Jewelry showrooms electronics & mobile stores, etc. The investment of retail shops is good for regular rental income.
Bestech Market Place 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 also another approachable sign for investment in this project.
Bestech Marketplace is all surrounding with several ready to move and under construction residential group housing societies such as Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc. And that is a very good sign for commercial property investment.
Sector 92, Gurgaon can be a high-density population area in the future. There is a huge urban rich residential population surrounding Bestech Marketplace. There are more than 20-thousand flats and an expected residential population of more than 50-thousand people can reside in this area within two years. Which is also a very good sign for commercial property investment in i.e. Bestech Marketplace.
Key Point
The Bestech Market Place investment can get good returns. And this is subjected to the completion of this project on or before set time frame or on before other commercial projects of sector 92 New Gurgaon.
Bestech Market Place-92 Price & Developers Delivery Track Record Comparison With Other surrounding Nearby Commercial Projects
| PROJECTS NAME | PRICE (PSF) | POSSESSION RECORD/REMARKS |
| Bestech Market Place | 10,250-13,250 | Possession offered January-2023. RERA Possession-March-2025 |
| Spaze Tristaar | 8,000-15,000 | Possession date revised several times, RERA expired, still under construction. |
| Ameya Sapphire 92 | 13,000-15,000 | Possession date revised several times, can be delay |
| Amb Selfie Street | 8,500-14,000 | Possession date revised several times, can be delay |
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Advice
If construction/possession of the Bestech Marketplace shall be completed before the other commercial project of sector 92 and surrounding areas then this commercial project will give excellent returns to investors. Because at present there is no ready to move mega Mall type project in sector 92 Gurgaon to cater to shopping and entertainment needs for the residents of sector 92. And the Bestech Marketplace fulfills this required criterion.
Commercial Real Estate Project Investment Criteria Table
| MUST REQUIRED FACTORS | ACTUAL FACTS-BESTECH MARKET PLACE | GRADING |
| Urban Rich Gentry | High Class, Upper Middle Class. Radiational Societies within Walking distance- Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc | A1 |
| Prime Location | GOLD | A |
| Connectivity | 17-Minute drive from- NH-8 Gurgaon 43-Minute drive from- DLF Cyber City. Nearest Metro Station 39-Minutes (Huda City Center) International Airport-32.9-Km (IGI Airport |
A |
| Layout Design | Grand ceiling heights, wide corridors, proper sitting & walking arrangements, highly visible retail, Impressive layout & elevation | A |
| Multiple Entries | Yes | A |
| Visibility | Highly visible, wide frontage | A |
| High-Density population | Within a radius of 500-meter more than 20-Thousand Flats and 50-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 | Walking distance | A |
| Urban/Civic Facilities | Maximum facilities available | A |
| Developers Credibility | Quality Construction & Maintenace, GOLD standard Developer | A |
| Price Comparison | Competitive price | A |
| Competitors | Several Competitors | B |
| Expected ROI | 5% 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 Bestech 92 Market-Place commercial project is under development by the Bestech India Private Limited. This project consists of commercial retail shops, Anchor Store, food courts, office space, etc.
Builders Profile | Track Record
 |
|
| PREDECESSOR | Bestech India Private Limited |
| FOUNDED | 2001 |
| FOUNDERS | Mr. Dharmendra Bhandari & Mr. Sunil Satija |
| KEY PEOPLE | Mr. Dharmendra Bhandari & Mr. Sunil Satija |
| COMPANY | PROMOTER | Bestech |
| PRODUCTS | Commercial offices, Shopping Malls, Retail, IT Parks, Apartments, Hotels |
| AREA SERVED | Gurugram (Gurgaon), Mohali |
| PROJECTS COMPLETED (Residential) | Park View Grand Spa, Spa Signature, Park View Sanskruti, Sky Suites, Bestech City Dharuhera, Park View Ananda, Park View City-1, Park View City02, Park View Residences, Park View Spa Tower, Park View Spa Altura |
| PROJECT COMPLETED (Commercial) | Bestech Citygate, Bestech Orient Business Tower, Bestech Cyber Park, Bestech Chambers, Bestech Business Tower Mohali, Bestech Square Mall Mohali, Bestech City Centre, Bestech Central Square, Radisson Blue |
| PROJECTS ONGOING | Bestech Market Place |
| DELIVERY TRACK RECORD | Updating Soon… |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Quality construction & maintenance |
| RISK | Delay possession |
| DEBT | Updating soon… |
| LITIGATION | YES (Facing unfair trade practice charges in Indian courts) charges) |
| OFFICE ADDRESS | Bestech House Plot 51, Bhagwan Mahaveer Marg Sector 44, Gurugram, Haryana 122002, India, Tel: +91-(124)-4540-000, Email: nfo@bestechgroup.com |
| BUILDER CATEGORY | GOLD |
Price | Lease Price
Bestech Marketplace retail shops & office space price starts at approx:-
| FLOOR | SIZE (Sq Ft) | PRICE (PSF) |
| Ground Floor | Min-200 | 13,250 |
| First Floor | 12,250 | |
| Second Floor | 10,250 | |
| Other Charges Extra* |
Conclusion
The Bestech Market Place is good for well established retail business groups and also for new business startups.
If construction/possession of the Spaze Bestech Market Place shall be completed within the set time frame or before the other commercial projects of this area then this commercial project may give excellent returns.
CPR Ratings
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