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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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  • #11

    #11

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

    Originally posted by capreal26 View Post
    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.
    Commercial office space is leased out from 40-55psf as average in noida. if the project is grade A then it could be 60-80.
    i dont think ansal will command a good lease. advant being IT will give good fight to ansal.
    3c commercials will definitely get 15-20% more than average market price.
    MM

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    • #12

      #12

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

      How one should look at this commercial supply (in front of 96-97-98 sectors) on expressway in comparison to commercial space that coming up on both sides of expressway i.e. sector 132, 124,126, 125, 94, 129 and In Jaypee sectors.

      Sector 96-97-98 development has huge question Mark since Mr Chandra is in jail and they have high debt on their books. In 2008, Unitech got bailed out because they sold unitech wireless for Rs 7000 crores to Telenor of Norway. Using this 2G money they retired part of their debt and stayed afloat. 2011/2012 could be tough year for Unitech.

      Unitech has not delivered project(have not refunded money to people who have booked with them there) booked in Greater Noida (Capela et al). ICICI bank as blacklisted them.

      Keeping this in mind, should one consider buying commercial property in front of 96-97-98 sectors ?

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      • #13

        #13

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

        Originally posted by trojanhorse View Post
        How one should look at this commercial supply (in front of 96-97-98 sectors) on expressway in comparison to commercial space that coming up on both sides of expressway i.e. sector 132, 124,126, 125, 94, 129 and In Jaypee sectors.

        Sector 96-97-98 development has huge question Mark since Mr Chandra is in jail and they have high debt on their books. In 2008, Unitech got bailed out because they sold unitech wireless for Rs 7000 crores to Telenor of Norway. Using this 2G money they retired part of their debt and stayed afloat. 2011/2012 could be tough year for Unitech.

        Unitech has not delivered project(have not refunded money to people who have booked with them there) booked in Greater Noida (Capela et al). ICICI bank as blacklisted them.

        Keeping this in mind, should one consider buying commercial property in front of 96-97-98 sectors ?
        thats even better and more compelling reason to buy in 97-98-99 as then the development will be 4 side open and unhindered golf view without paying a penny to unitech.
        also i see 97-98-99 as the extension of jasola business district as the distance is insignificant.

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        • #14

          #14

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

          Originally posted by anubhaviit View Post
          thats even better and more compelling reason to buy in 97-98-99 as then the development will be 4 side open and unhindered golf view without paying a penny to unitech.
          also i see 97-98-99 as the extension of jasola business district as the distance is insignificant.
          Yeah, you can have unhindered view of unitech golf course. But you will have few pegions to sell to

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          • #15

            #15

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

            Originally posted by anubhaviit View Post
            thats even better and more compelling reason to buy in 97-98-99 as then the development will be 4 side open and unhindered golf view without paying a penny to unitech.
            also i see 97-98-99 as the extension of jasola business district as the distance is insignificant.
            Yeah, you can have unhindered view of unitech golf course. But you will have few pegions to sell to

            Comment

            • #16

              #16

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

              Originally posted by trojanhorse View Post
              How one should look at this commercial supply (in front of 96-97-98 sectors) on expressway in comparison to commercial space that coming up on both sides of expressway i.e. sector 132, 124,126, 125, 94, 129 and In Jaypee sectors.

              Sector 96-97-98 development has huge question Mark since Mr Chandra is in jail and they have high debt on their books. In 2008, Unitech got bailed out because they sold unitech wireless for Rs 7000 crores to Telenor of Norway. Using this 2G money they retired part of their debt and stayed afloat. 2011/2012 could be tough year for Unitech.

              Unitech has not delivered project(have not refunded money to people who have booked with them there) booked in Greater Noida (Capela et al). ICICI bank as blacklisted them.

              Keeping this in mind, should one consider buying commercial property in front of 96-97-98 sectors ?
              Thats a big decision to make, whether to go for a commercial investment on e-way or not. i think it will be a good decision in the long term. Since market/investor sentiments are favoring 3C, even a 6-9 month holding period wouldn't be a bad idea. Basically its a 30L investment over 3 installments and a return of 15% can be expected from this project.

              Unitech and other hotel projects are in litigation due to Industrial CLU issue hence it is a benefit for 3C since they will be no supply coming in. i wouldnt like to compare supertech here.
              MM

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              • #17

                #17

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

                I have been to the ozone boulevard, e-square sites. plot sizes are small and they are on service lanes. Parking could be issues with these plots.

                Are these projects office space commercial or retail commercial ?

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                • #18

                  #18

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

                  Originally posted by trojanhorse View Post
                  I have been to the ozone boulevard, e-square sites. plot sizes are small and they are on service lanes. Parking could be issues with these plots.

                  Are these projects office space commercial or retail commercial ?
                  Supertech e-square is a mix of retail & commercial space while Ozone boulevard is just office space. With sector 25 A & 32 (Wave City Centre) also joining the fray, I wonder whether Noida can absorb as much.We also hear of BPTP/Logix in sectors 94 & 124. Anybody can help with a realistic analysis ?

                  Comment

                  • #19

                    #19

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

                    Most of this would never get built. There isnt that much demand for commercial/retail. Maximum you'd see is excavation - like Logix has done for last 1 year in Sec 105 plot. All builder tricks...

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