capreal26

& exactly how many sqft have you booked to encash this wonderful opportunity... ?

Venkytalks

Sounds like a good location for commercial space.

Price is quite steep - is there a payment plan? Or is it down payment with assured return?

What is the minimum shop size?

Thanks in advance,

__________________
Venky (Please read FORUM RULES watch a VIDEO or SEARCH FAQs before posting)

Munish Malhautra

Yes i have given advance for 1st floor shop. Please note this is still in prelaunch. hence i have not got any allotment letter. this is a like a token payment for booking.

Price is high but if u compare with shops in very average sector 50 market, their price starts from Rs. 20,000 per sqft. Moreover JMD is a renowned builder and is going to charge premium.
there is no assured return as the location is developed already. Plus they have sold 25% project (what I am being told by various agents and builder) in 2 weeks of prelaunch, hence they have no reason to give any assured return.
There is a down payment plan with 6% discount and a CLP with stardard payment during phases of construction.

Venkytalks

8400 psf for 10% return is 840 per annnum = 70 rs psf per month. For 1000 sf shop that is 84 Lakhs cost and 70,000 per month rent. Assuming a retail margin of 10% towards rent, that is 7 Lakhs or more turnover per month for the shop.

I think with this location, that should be easily possible for a variety of shops.

Good investment for own money on CLP.

What is minimum shop size?

Munish Malhautra

************
Yes seems good. minimum size of shop is 250 sqft. there are more size avl. 350, 450, 500, 700 sqft.
price is going to be increased by Rs. 1000 on launch as per company officials.

Munish Malhautra

Hi All,
an update for this thread. JMD is launching the mall on thursday ie 1st july.they are going to increase the prices by 10% on the launch day.
2 acres of fsi from gardenia that they had bought has now increased to 2.5 acres.
They have also bought 10 acres of fsi for residential development. Jmd would probably be preferred against other builders in sec 75 with a better past record and there major commercial and residential constructions in gurgaon

Digvijay

Dear all,

Only purpose of commercial space is for investing.

As per the market research the real estate sector is gonna take biggest hit on commercial space.
All retail customers shall avoid commercial real estate,

The main reason is over supply. All the builders in the sector 75~78 have commercial land, also their will be sub district centre( same like sector 18 market) at sector 78, which will be developed by NA.

COMMERCIAL REAL ESTATE IS BIG NO NO .

Please do not fall in the trap of dealer who will tell you how the banks will be chasing your space, how the Mac donalds will want to open a counter in your space and even how Warren Buffet will priase you for your decision.

But guys think 10 times befor falling to such traps.

Some malls in Indrapuram are conducting marriage in their courtyard as they are not getting any buisness. ( If fully developed Indrapuram has such nice use of commercial real estate just think how the new malls will fare.

Well now a days marriage is also a commercial buisness.

nibha

Its better to invest in residential rather than commercial , if u donot have a good backup

AnuragAgarwal

Hi All,

I have copied the below statement from another thread "Gardenia Gof City" Gardenia Golf City, Noida

It says that the land which is for commercial property is still not registered. So is it a good decision to buy something on that land????


"
Guys..

Today me, Ashish and Sanjay went to Gardenia office 46 and at sector 75
what we discussed with them and anlayse, is:

1) Its true that around 3,38,000 sq mts. registery out of 6,00,000 is done.
The area which is left is of left side FSI Area, eleven buildcon and commercial one, which eventually means, the residential A2 B2..A1 B1..Central core and right side area is registered.

2) The physical possession of registered land would be around 15 days after 17th june (registered date) which means 1st week of july. After that activities like permanent office, excavation would start.

3) First excavation would start in around 30 days from now and then bhoomi poojan would be done and then project would be bankable in around 45-60 days from now.

4) The sample flat of Gardenia Glory is ready and its awesome.

5) Good progress on Gardenia Glory project too.

The land which is unregistered would be registered soon.

Thanks
"


Please suggest
Anurag

Munish Malhautra

Digvijay,
Sorry but i totally disagree with you. Commercial properties are always in demand. lets wait and watch.....