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Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

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Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

Last updated: April 8 2012
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  • Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

    Anyone got any opinion?
    Supertech is smaller ticket size and close to 7000 psft. Bang adjacent to Unitech Grande entrance. Ozone Boulevard is 500 meters ahead on the same road. Larger ticket size (min = 1250 sft) and higher psft (8000 I think).
  • #2

    #2

    Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

    I would prefer Ozone to Supertech becoz future leasing and appreciation prospects will be better with Ozone.

    Price is 8000 psf in prelaunch-expect discount of 5%
    Size is 1200 psf onwards

    Location is good.

    Issue is that work on site will not start soon and possession will be after 3 yrs .
    MM

    Comment

    • #3

      #3

      Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

      Ozone Boulevard? Comments invited?

      Went to Ozone Boulevard site. Looks really good as it is surrounded by 3C residential(LP, LB, LZ), it has Unitech Grande on the left.

      I havent gone in details of layout as it is still in pre-launch.

      Best price is 7750 psf....Another 1250psf for other charges hence 9000 AI.
      Size is 1300sqft.

      As per 3C guy, possession will be in 42 months. Payment is 10% on booking, 10% in 45 days and 10 % in next 90 days. 30%(on BSP) payment which is approx 33 lacs to be paid in first 3-6 months.

      Next 10%(viz 40%) will be demanded after 11-13 months after casting of slab.

      As per 3C resale price will touch 9500-9800 by the time 40% gets due and it can be easily sold in the market.

      It means a Nett profit of 10Lacs after putting 33Lacs, over a period of 1 year, i.e. 27% return.

      Does it sound realistic?
      MM

      Comment

      • #4

        #4

        Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

        Isn't Ozone competing with its own brother Delhi1...i was actually left guessing with the launch of OB, as Delhi1 is not sold out...and that is perhaps a much bigger & prestigious project for 3C...

        MM - Any insight into this...did you speak about Delhi1 as well?


        Originally posted by Munish Malhautra View Post
        Went to Ozone Boulevard site. Looks really good as it is surrounded by 3C residential(LP, LB, LZ), it has Unitech Grande on the left.

        I havent gone in details of layout as it is still in pre-launch.

        Best price is 7750 psf....Another 1250psf for other charges hence 9000 AI.
        Size is 1300sqft.

        As per 3C guy, possession will be in 42 months. Payment is 10% on booking, 10% in 45 days and 10 % in next 90 days. 30%(on BSP) payment which is approx 33 lacs to be paid in first 3-6 months.

        Next 10%(viz 40%) will be demanded after 11-13 months after casting of slab.

        As per 3C resale price will touch 9500-9800 by the time 40% gets due and it can be easily sold in the market.

        It means a Nett profit of 10Lacs after putting 33Lacs, over a period of 1 year, i.e. 27% return.

        Does it sound realistic?

        Comment

        • #5

          #5

          Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

          What is the price and minimum size in Delhi1? Is there any assured return deal available in that area?

          Comment

          • #6

            #6

            Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

            It was offered in pre-launch at around 8800...not sure of the recent price.


            Originally posted by ThePunjabi View Post
            What is the price and minimum size in Delhi1? Is there any assured return deal available in that area?

            Comment

            • #7

              #7

              Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

              Originally posted by ca.anurag View Post
              Isn't Ozone competing with its own brother Delhi1...i was actually left guessing with the launch of OB, as Delhi1 is not sold out...and that is perhaps a much bigger & prestigious project for 3C...

              MM - Any insight into this...did you speak about Delhi1 as well?
              Yes it is competing but both will be gulped just like LB and LP did.

              Delhi1 is 90% sold out, lets makes no bones abt it. It was launched at 8500. It is avl in re-sale for 9500 to 9700.
              Ozone will be sold out in a matter of 45 days to 2 months. Dekhte jao. 3C seems to have understood well the pulse of small-term investors which no other builder has been able to understand in Noida.
              7800 psf price for commercial is not bad considering the circle rate of that location is 35000psm.
              MM

              Comment

              • #8

                #8

                Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

                Originally posted by Munish Malhautra View Post
                Yes it is competing but both will be gulped just like LB and LP did.

                Delhi1 is 90% sold out, lets makes no bones abt it. It was launched at 8500. It is avl in re-sale for 9500 to 9700.
                Ozone will be sold out in a matter of 45 days to 2 months. Dekhte jao. 3C seems to have understood well the pulse of small-term investors which no other builder has been able to understand in Noida.
                7800 psf price for commercial is not bad considering the circle rate of that location is 35000psm.
                Now that's a surprise to me...if its correct, all thumps up to 3C. I smhw had the feeler that their this project didnt take off that well...

                Any idea, when these 2 projects are scheduled for delivery? This would certainly bring the occupancy for so many flats getting constructed on E-way....Rental will eventually go up, if all the commercials - Delhi1, Ozone Boulevard, Logix La Premiere, Supertech project..go well.

                Comment

                • #9

                  #9

                  Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

                  Originally posted by Munish Malhautra View Post
                  Went to Ozone Boulevard site. Looks really good as it is surrounded by 3C residential(LP, LB, LZ), it has Unitech Grande on the left.

                  I havent gone in details of layout as it is still in pre-launch.

                  Best price is 7750 psf....Another 1250psf for other charges hence 9000 AI.
                  Size is 1300sqft.

                  As per 3C guy, possession will be in 42 months. Payment is 10% on booking, 10% in 45 days and 10 % in next 90 days. 30%(on BSP) payment which is approx 33 lacs to be paid in first 3-6 months.

                  Next 10%(viz 40%) will be demanded after 11-13 months after casting of slab.

                  As per 3C resale price will touch 9500-9800 by the time 40% gets due and it can be easily sold in the market.

                  It means a Nett profit of 10Lacs after putting 33Lacs, over a period of 1 year, i.e. 27% return.

                  Does it sound realistic?
                  MM - do you have any clues on what's the going rental on the other side of Eway (Jaypee side already built up commercial - Tapasya, etc buildings. Tech Boulevard, etc are Grade A so I think they would be 70psft+).

                  Another small size commercial option on Eway is Ansals Corporate in Sec 137 (behind Advant Navis). One of my friends was given a quote of ~ 5K psft. I think the construction is underway and possession is supposed to be given in an year or so. Like Esquare, that's also a not a centrally A/c building.

                  Given all the planned connectivity between Kalindi Kunj and Noida Expressway, upcoming commerical in Noida might depress Jasola rentals. Afterall, even currently, it takes only 10 minutes in non-f'ed up traffic conditions to travel from Sarita Vihar to Eway.

                  What say.

                  Comment

                  • #10

                    #10

                    Re : Expressway Proximal Commercial Options - Jaypee vs Ozone Blvd vs Supertech eSquare.

                    Originally posted by ca.anurag View Post
                    Now that's a surprise to me...if its correct, all thumps up to 3C. I smhw had the feeler that their this project didnt take off that well...

                    Any idea, when these 2 projects are scheduled for delivery? This would certainly bring the occupancy for so many flats getting constructed on E-way....Rental will eventually go up, if all the commercials - Delhi1, Ozone Boulevard, Logix La Premiere, Supertech project..go well.
                    It is not surprising becoz commercial in Noida is considered exclusive and will not fail unless executed very poorly. yes it is a long term bet unlike residential where u can make quick buck in a matter of 3-6 months.

                    Delivery for both will be 2014.
                    MM

                    Comment

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