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Urbana Business Park, M3M India, Sector 67, Gurgaon

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Urbana Business Park, M3M India, Sector 67, Gurgaon

Last updated: September 16 2018
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  • Urbana Business Park, M3M India, Sector 67, Gurgaon

    Hi ,
    I have bought a road facing,ground floor in M3M Urbana as a investment.
    I have a long term horizon and can wait for 8-10 years.Is this a good investment?Or should I sell this and buy a residential property on GCX?
    I have already paid about 60% of the total current value.
    Any advice/idea or suggestions would be highly welcome.
    Thanks
  • #2

    #2

    Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

    Originally posted by brigmohan1 View Post
    Hi ,
    I have bought a road facing,ground floor in M3M Urbana as a investment.
    I have a long term horizon and can wait for 8-10 years.Is this a good investment?Or should I sell this and buy a residential property on GCX?
    I have already paid about 60% of the total current value.
    Any advice/idea or suggestions would be highly welcome.
    Thanks
    Great investment, what price did you pay for it?
    It'll be great if you can share your thoughts behind choosing URBANA over any other commercial on GCX.

    Comment

    • #3

      #3

      Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

      My decision to buy was influenced by the fact that is not a closed market-ie"mall" but an open air,galleria kind of concept.This would be mean less cost of maintanace.With quite a few residential complexes around,this should work.
      My reasons for worry-There is a village right across the road
      The fact that commercial is not doing to well,in fact look at the amount of supply around the city.

      So my question once again from all members and experts is-Is it a good idea to stick around or should I exit and invest this money in residential?

      Comment

      • #4

        #4

        Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

        Stick to your original plan of holding it for 8-10 years. This will turn out to be a multibagger for you. It has an excellent location and a beautiful concept. Just have patience to wait for 8 -10 years to make 5-10 times of your investment.

        Originally posted by brigmohan1 View Post
        My decision to buy was influenced by the fact that is not a closed market-ie"mall" but an open air,galleria kind of concept.This would be mean less cost of maintanace.With quite a few residential complexes around,this should work.
        My reasons for worry-There is a village right across the road
        The fact that commercial is not doing to well,in fact look at the amount of supply around the city.

        So my question once again from all members and experts is-Is it a good idea to stick around or should I exit and invest this money in residential?

        Comment

        • #5

          #5

          Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

          Completely agree with rushil , hold it 8 to 10yrs . Entry pricing is very good .
          location of the shop as i can make out is the BEST .


          This investment might give one of the best ROI in entire gurgaon due to very good entry price .

          Comment

          • #6

            #6

            Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

            What is the entry price? And is the builder reliable- probability of going bust?
            Thanks

            Comment

            • #7

              #7

              Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

              The builder is as reliable,i did my research on that.
              I bought it for 11600 psf.My only worry is oversupply in that region.I mean look at Sohna road..

              Comment

              • #8

                #8

                Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

                I can understand yr concern on the over supply and infact agree with you.


                Today, after the 10 yrs of launch, there is not even a single Mall on Sohna Road which has high foot fall. Take the example of 'Wedding Mall' which is fully operational since last 2 yrs and also has a decent Multiplex but still there is hardly any shop/store which has opened in the Mall.


                There lot of office complexes which are now ready but none of the big corporates have shifted to these offcices. Infact, I know some of the big companies who have shifted their offices to Manesar SEZ.


                So going by what little has happened after the much hyped launch of projects on Sonha Road 10 yrs back, I'm not too sure if GCX will be really ready to rock in 8-10 yrs.

                Comment

                • #9

                  #9

                  Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

                  anyone having an idea on the current pricing ..1st floor?

                  Comment


                  • narena
                    narena commented
                    Editing a comment
                    if you have shop in m3m urbana, we can help you in renting it or selling it 9811424425 naren
                • #10

                  #10

                  Re : Urbana Business Park, M3M India, Sector 67, Gurgaon

                  Originally posted by brigmohan1 View Post
                  Hi ,
                  I have bought a road facing,ground floor in M3M Urbana as a investment.
                  I have a long term horizon and can wait for 8-10 years.Is this a good investment?Or should I sell this and buy a residential property on GCX?
                  I have already paid about 60% of the total current value.
                  Any advice/idea or suggestions would be highly welcome.
                  Thanks
                  Hi,
                  Any clue about the construction status? When is it likely to start?

                  Comment

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