Review : Investment in Walkway-108 (Amrapali RiverView Plaza), Noida Extension, Loss or Profit

Advice:- Before investing in this project please check the dues of Greater 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
The Walkway-108 previously know as Amrapali Riverview Plaza, retail commercial Shops project is situated in Techzone-4, Noida Extension (Greater Noida West). It’s a corner property, located on the Noida Greater Noida link road of Greater Noida West.

The Amrapali Riverview Plaza market is just 1-minute drive from Gaur Chowk (Kisan Chowk). At present, there is no residential population. Overall, its an average location commercial property investment market.

Possession
The Walkway-108 previously know as Amrapali Riverview Plaza is under construction since the year 2016. As real estate investors know that the Amrapali  Group is handed over to Court/litigation.  A new developer Group-108 re-launch this project in May-2023, and starts pending work/possession. So the investors can hope to get their retail shops within a year.

Fact Check
It is advised to all the buyers/investors that before paying any paney to the concern developer, check the all legal documents related to the ownership of this property such as:-

1. Land title papers
2. Noida Authority/Court Receiver Dues
3. Authenticity of money receiving company from buyers to take money.
4. RERA Registration Number of Project
5 Promaters/Developers RERA Registration .
6.Check whats the status of property registration after possession.

At present there is no RERA registration no for this project, and the RERA registration number is must for any under developing real estate project which is up-for public sale. Check whats the offer broucher shows company RERA or developing project RERA. RERA is must for under developing real estate project, not company/real estate agent RERA.

As all we know that all the under construction projects of Amrapali Group is in Supreme Court direction, and only appointed company NBCC has right to develop/sale etc.

Plus Points
The layout design of Walkway-108 previously know as Amrapali Riverview Plaza Market is very impressive. All the retail shops of the market are perfectly designed for maximum visibility. All retail shops are facing towards the main road, even the shops of the lower ground floor are also very much visible. It is the only market in whole Noida, where all lower ground floor shops can also properly visible from the outside road.

There are more than 3-thousand families expected to reside near this market in upcoming years. And which is a very good sign for commercial property investment.

The elevation and layout design of this market is very impressive, all commercial shop of this market is properly visible from the main road. All commercial shops are front facing with a selling height of 12 ft.

That the Walkway-108 market commercial retail shops are easily approachable/visible to the maximum resident of Techzone-4, Noida Extension. So it has no doubt that the investment in this project commercial shops is very good.

Products & Developer
The Amrapali Riverview Plaza, market is developed by Bhatia Builders and Amrapali Group.  The project is consist of high-street retail shops. Now in may-2023 a new developer named Group-108 is starting developing this project.

Builders Profile | Track Record 

PREDECESSOR	Amrapali Homes Projects Private Limited
FOUNDED	2004
FOUNDERS	Anil Sharma
KEY PEOPLE	Anil Sharma, Shivpriya, Ajay Sharma
COMPANY | PROMOTERS	Amrapali
PRODUCTS	Apartments, Commercial Offices, Retail, IT Parks, Villas
AREA SERVED	Noida, Greater Noida, Ghaziabad
PROJECTS COMPLETED	Amrapali Princely Estate, Amrapali Leisure Valley, Amrapali Crystal Homes, Amrapali Zodiac, Amrapali Greens, Amrapali River View Plaza
PROJECTS ONGOING	Amrapali Golf Homes Market
PROJECTS UPCOMING
DELIVERY TRACK RECORD	Very poor, Delay possession
NET WORTH
STRENGTH
COMMITMENT	Finest layout design, budget housing
RISK	At present, the developers are in the Jail
DEBT	Yes
LITIGATION	Facing corruption & unfair trade practice in Indian courts
OFFICE ADDRESS	Sector 57, Noida
BUILDER CATEGORY	BRONZE

 

Price Appreciation Track Table Walkway-108 (Amrapali Riverview Plaza)

YEAR	PRICE (PSF)	APPRECIATION/REMARKS
March-20216	Retail Shop-₹15,000-₹23,000
May-2023	Retail Shop-₹18,000-₹30,000

 

Conclusion
The Walkway-108 (Amrapali Riverview Plaza) can be a good investment option for real estate investors and retail business startups. 

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CPR Ratings

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