Review : Investment in Spectrum Metro, Sector 75 Noida, Loss or Profit

Advice:- Before investing in this project please check the dues of 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
This project/property is situated in a very prime location, in central Noida. This property is at the front of sector 50 Noida Metro Station. This commercial property is just opposite the posh sector 50 Noida. This project is very well connected to all types of public transport facilities and other civic facilities.

The Spectrum Metro is a very prime location commercial project, and it’s the only centralized air-condition commercial Mall type project in this area that caters to a huge urban rich residential crowd of several posh sectors of central Noida such as 74, 75, 76, 77, 78, 79, 112, 116, and sector 117. Overall, It’s an ultimate location commercial project.

Possession | Construction Update

The developer of the Spectrum Metro project and the Gardenia Golf City project are the same. The Gardenia/Spectrum is an unreliable builder. It’s delivered project Golf City is full of illegal construction. He has done more construction than FAR. There is a lot of pending payment of Noida Authority against him, due to which the registry of its flats and shops is stalled. The Noida authority has been demolished some Flats and shops in the month of October/November-2021 due to illegal construction.
The construction quality is below the standard. Before investing do all fact checks.

Advantages | Good Factors
The Spectrum Metro is a project offering the perfect integration of retail, commercial, and hospitality in a single compound. The project is appealing not just from a design and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “Spectrum Metro” will have Four different sections to it namely Hospitality, Business first, Leisure and Entertainment. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.

All the retail shops on all floors are perfectly designed for maximum visibility. The project is full of vigour and vitality.  The ground floor commercial retail shops of Spectrum Metro have a clear ceiling height of 22-Ft at the ground floor. Which feels like a grand attraction. The ground floor retail shops are good for well-established retail brands. The investment in the ground floor retail shops is good for retail business startups and for regular rental income. The project has a very wide frontage of approx 1-Kilometer. Overall, Spectrum Metro is ideally a perfect combination of location, layout, and planning. This project has a very wide frontage, approx one kilometre.

Spectrum Metro has multiple entries and exit points. Multiple exits and entry points attract customers/visitors quickly and provide maximum visibility/exposure to every retail area of the project. Which is a very good sign for commercial property investment.

The Spectrum Metro is right in the middle of the high-density population area of Central Noida and can denser more in upcoming years. There are more than 60-thousand flats and an urban rich residential population of more than 2-Lakh people. And the Spectrum Metro is the only mega commercial project at this location. And which is a very good sign for commercial property investment.

The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests. The overall layout design and location of Spectrum Metro are excellent.

The Spectrum Metro can be the right choice of investment for those who are looking for ROI within a couple of years or so. They can get a real appreciation of value for resale in a couple of years. After completion, the Spectrum Metro can be a famous Hotspot of Delhi-NCR.

The biggest plus point of the Spectrum Metro project is that this is the only mega Mall project in sectors 74, 75, 76, 77, 78, 79, 112, 116, and sector 117 of Noida. So there is no other competitor for the Spectrum Metro project. This is also a very good sign for commercial property investment

Another biggest plus point of Spectrum Metro is that the project has direct Pedestrian entry from the main metro station road. Which ensure customers footfall quickly.

The project has proper parking spaces for stakeholders and visiting guests. The project is very well connected to the main points of Noida, Greater Noida, Ghaziabad, and Noida Extension. Pedestrian entry

Commercial Real Estate Project Investment Criteria Table

Drawbacks | Bad Factors
The 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 The Shipra Mall, The GIP Mall, The DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss. But to see the excellent location of this project, we can hope that this project will perform very well.

The construction material used by Gardenia builders in their projects is painfully below the standard which gives you a feeling that the builder has looted you with all your hard-earned money.

By looking at the ready phase of Spectrum Metro and its poor construction quality, you will feel cheated.

A risk factor is that the builder will complete this project in the set time frame or not because the previous and present track record of this builder is not good, the builder has not given timely possession of any project.

The developer of the Spectrum Metro project and the Gardenia Golf City project are the same.  The Gardenia group is on the defaulter list of the Noida authority.

This is the first mega commercial project of this builder, so they have no experience building and managing this type of commercial project/property.

Spectrum Metro Price & Developers Delivery Track Record Comparison With Other surrounding Residential Projects of Central Noida

REVIEW -VIDEO SPECTRUM METRO MALL

Builders Profile | Track Record

PREDECESSOR	Gardenia Infra Private Limited, AIMS Max Gardenia Developers Private Limited
FOUNDED	2009
FOUNDERS	Manoj Ray
KEY PEOPLE	Manoj Ray
COMPANY | PROMOTER	Blue Square LLP
PRODUCTS	Apartments, Shopping Malls, Retail, Multiplexes
AREA SERVED	Delhi-NCR (Noida, Greater Noida, Ghaziabad)
PROJECTS COMPLETED (Residential)	Gardenia Golf  City, Gardenia Gateway, Gardenia Glory, Gardenia Grace
PROJECT COMPLETED (Commercial)	None
PROJECTS ONGOING	Spectrum Metro
DELIVERY TRACK RECORD	Extremely Poor, Big time delayer (Not even a single real estate project delivered on time)
NET WORTH
STRENGTH
COMMITMENT	Zero
RISK	Delay completion, poor construction quality, inexperienced builder, bank & Noida Authority dues
DEBT	Defaulter (Builder is in the defaulter list of Noida Authority)
LITIGATION	YES (Facing Corruption charges)
OFFICE ADDRESS	Flat No- G-004, Plot No-8, Sector-75 Noida Phone +91 0120-6590800Plot No. C & D, Sector-75 Noida Phone 8882500600
BUILDER CATEGORY	BRONZE

Before investing in this project please check the dues of Noida Authority against this/Project/Land/Company/Developer, that is better to avoid any trouble in your investment.

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

Price Appreciation Track Table Spectrum Metro

Conclusion
Spectrum Metro is good for well-established retail brands and also for new business startups. After completion, possession of the Spectrum Metro Sector -75 Noida, investors may get a minimum of 6% per annum return and can grow more if the project complete in the set time frame. Overall, It’s an excellent location commercial project for investment.

Request For Already Invested Owners/Investors

All the property owners/investors, who already invested in this project, please share their views on this project. This will be beneficial for investors who want to invest in this project.
Please share your views on commercialpropertyreview@gmail.com or in the comment box.

CPR Ratings

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