Review : Investment in Galaxy Blue Sapphire Plaza, Noida Extension, Loss or Profit

CPR Ratings

As per Location
The Galaxy Blue Sapphire Plaza commercial property investment project (retail shops, office space, food courts, mall, multiplex) is a 2-side open corner property. It is located on the entry side 130 ft wide main road connecting to the Crossings Republik and the Kishan Chowk of the Greater Noida West.

Galaxy Blue Sapphire plaza is just 300-meters away from the upcoming Kisan Chowk Metro Station of Greater Noida West.

Galaxy Blue Sapphire Plaza is100% visible to the passers of Kisan Chowk and Crossings Republik and village Shahberi residents. So we can say that the Galaxy Blue Sapphire Plaza is an excellent location project.

Possession | Construction Update

Construction Status	Under Construction
RERA Registration No	Galaxy Blue Sapphire Plaza – UPRERAPRJ7182
Start/Launch Date	17-10-2016
Possession Date Before RERA	December-2018
Possession Date (Expired)	July-2020
Possession Date (Revised)	July-2021
Construction Stage	Ongoing
Construction Company	Radha Buildtech (INDIA) Pvt. Ltd.
Architect Name	Modarch India
Live Updates
COVID-19 Lockdown Status	COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government

 

Fact Check
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects.

It is a fact, that Galaxy Blue Sapphire Plaza is a prime location commercial property investment project, but in this prime location, there are more than 15 mega commercial property investment projects are also exists within a radius of 500-meter such as Gaur City Center, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, AIMS Central Plaza, Gaur World Street, Mahagun Marina Walk, IDI London Mart, Apex Square, PKS Town Central, Ufairia Mall, Saya South-X, NX-One, Ocean Golden-i, etc.

There is a big gap in demand and supply, the supply is very high in comparison to demand. All the above said commercial projects are creating an investment competition at this location. So in the future investors can face very tuff competition in leasing and selling their retail shops and office spaces in all the above commercial projects. And can face more critical conditions in the future. So while investing in all the above-said projects, choose the project which gives possession first.

The Maximum Mall or Mall-type properties are not the good and safe investment options in the Ghaziabad, Noida, and Greater Noida area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls are running fine in Ghaziabad, Noida, and Greater Noida area such as Shipra Mall, GIP Mall, DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss.

Now the question is that, what’s the logic behind all these oversupply commercials? Is there any limit? Actually, there is no proper planning and re-planning for commercial development by the concerned development authorities Of the Uttar Pradesh government. i.e. Noida Authority (Greater Noida Authority)

How much commercial property is needed and when it is needed the Uttar Pradesh government has no planning. Actually, it’s a System failure and we all are the victims of this pre-planned cheating.

The construction and possession of the project depend on the sale of shops/space so the project may be delay.

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Galaxy Blue Sapphire Plaza Price & Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Noida Extension

PROJECT NAME	PRICE (PSF)	POSSESSION RECORD
Galaxy Blue Sapphire Plaza	Office-₹6,499 Retail-₹26,000	Delay, possession date revised several times, RERA date has been passed. Now the revised RERA date is July-2021. In March 2021 a half portion is ready for possession.
Grandthum	Office-₹4,250 Retail-₹17,990	Expected On-Time, June-2023
NX-ONE	Office-₹5,149 Retail-₹17,990	Delay, possession date revised several times, now December-2024
Gaur City Center	Office- Retail-₹25,900	Delay, possession date revised several times, now January-2024
ATS Kabana High	Office-₹6,000 Retail-₹25,000	First mega commercial project by this builder, possession May-2026
Galaxy Diamond Plaza	Office-₹6,490 Retail-₹24,000	All-most ready, no special appreciation.
BW Walk Mall	Office-₹6,483 Retail-	Delay, possession date revised several times, RERA date has been passed. still no progress.
AIMS Central Plaza	Retail-₹23,000	March-2021
Gaur World Street	Retail-₹25,900	March-2027
Mahagun Marina Walk	Office-₹5,990 Retail-₹28,000	December-2025
London Mart	Office- Retail-₹19,990	Delay, possession date revised several times, now phase-1 July-2022
Apex Park Square	Retail-₹24,900	The first mega commercial project, May-2022
PKS Town Central	Retail-₹26,000-30,000	Delay, possession date revised several times, Now Phase-1 August-2022, Phase-2 August-2023, Phase-3 August-2024
Ufairia Mall	Retail-₹16,00-20,000	Delay, possession date revised several times, now December-2024
Saya South X	Retail-₹26,500	The first mega commercial project, September-2023
Ocean Golden i	Updating	Delay, possession date revised several times, now June-2022

 

Advice
The Galaxy Blue Sapphire Plaza lower ground floor and upper ground floor road facing commercial retail shops are properly visible from outside main roads. These retail shops look like high street retail shops. So we advise investment of ground floor commercial retail shops will give excellent returns after possession of the project. if the builder completes this project in the set time frame.

These days Developer of Galaxy Blue Sapphire Plaza, offering many attractive schemes to customers to invest in this property, like the 12% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss.

Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard-earned money in the name of the assured return to you in the form of EMI. Actually, they are making you a fool.

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Key Point
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects, and this location already crosses the limit of commercial property development. Actually, there is no need for any new commercial projects in this location of Noida Extension.

We strongly advise avoiding a completely new launch, soft launch, and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension.

This is really very strange, that there are more than 50-Screen/Multiplex proposed at this location of Kisan Chowk & Buddha Chowk of Greater Noida West. Can’t Understand the logic behind 50-Screen/Multiplex for an under developing locality. While if I compare this location to Indirapuram, where only three malls and approx 12-screens. While the Indirapuram is a high-density population area.

There is no planning or re-planning for commercial development in this location of Noida Extension (Greater Noida West) area by the Uttar Pradesh government or can say that the failure of the government. Actually, It seems like a pre-planned loot of our hard-earned money in the name of investment and growth.

Products & Developer
Galaxy Blue Sapphire Plaza is under development by the Galaxy Group (GLD Infraprojects Private Limited). It’s a commercial project. The Galaxy Blue Sapphire Plaza consists of commercial retail shops, office spaces, movie theaters, banquets halls, and entertainment facilities, etc. It’s a Mall type property.

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Builders profile | Track Record

PREDECESSOR	Galaxy Dream Home Developers Private Limited, Panch Tatva Promoters Private Limited
FOUNDED	2012
FOUNDERS	Pradeep Kumar Agrawalla
KEY PEOPLE	Pradeep Kumar Agrawalla, Sheetal Kumar Agrawalla
COMPANY | PROMOTERS	Galaxy
PRODUCTS	Apartments, Commercial offices, Shopping Malls, Retail
AREA SERVED	Greater Noida
PROJECTS COMPLETED	Galaxy Diamond Plaza
PROJECTS ONGOING	Galaxy Blue Sapphire Plaza
DELIVERY TRACK RECORD	Not satisfactory
NET WORTH
STRENGTH
COMMITMENT	Not Satisfactory
RISK	Updating soon…
DEBT	Yes
LITIGATION	Updating soon…
OFFICE ADDRESS	H-175 Sector 63, Noida, Uttar Pradesh 201301, Phone: +91-9211088000, eMail: info@thegalaxygroup.com
BUILDER CATEGORY	SILVER

 

Price Appreciation Track Table Galaxy Blue Sapphire Plaza

YEAR	PRICE (PSF)	APPRECIATION/REMARKS
August-2016	Retail Shops-₹18,000-21,000 Kiosks-₹20,000 Food Court-₹18,000 Office Space-₹6,499	Launching Price.
August-2018	Retail Shops-₹18,500-26,000 Kiosks-₹20,000 Food Court-₹18,000 Office Space-₹6,499	No Resale.
August-2019	Retail Shops-₹18,500-26,000 Kiosks-₹20,000 Food Court-₹18,000 Office Space-₹6,499	No resale
August-2020	same as above	No special resale.
March-2021	same as above	No special resale.
March-2022	same as above

 

Conclusion 
Invest carefully.

CPR Ratings

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.