Review : Investment in Aditya Mall, Indirapuram, Loss or Profit

As per Location
The Aditya Mall situated in prime location of Indirapuram, Ghaziabad. It is located on 130 Ft wide road, This property is easily approachable and visible to maximum residents of Indirapuram. It is just walking distance from NH-24 Highway. There are more than 2-lakh residential population living nearby the Aditya city center Indirapuram. It’s a corner property both sides are wide roads So the location of this property is very prime.

Possession
The Aditya Mall Indirapuram is in the service since the year 2010.

Drawbacks | Bad Factors
The maximum commercial shops of the inner side of all floors are vacant in Aditya Mall. All the inner side shops are in the category of dead investment.

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 is 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

The Maintenance cost is also very in Aditya City Center Mall. There are some illegal shops also constructed by the builder, so while investing please check all related documents.

Advantages | Good Factors
Studio apartments of Aditya Mall is a good investment option. The land use of these studio apartments is residential but people use it for commercial/office purpose.  These are the low-cost maintenance Studio apartment.

Already some big brands operate their stores in Aditya Mall, Indirapuram such as Big Bazaar, Tata Croma,  Airtel,  Vodafone store, Axis Bank, ICICI Bank, etc. And all these brands are operating their stores in this Mall’s main road facing retail shops, and all these roads facing shops have direct entries from the main road.

Products & Developer
The Aditya Mall is situated in the posh locality of Indirapuram, Ghaziabad. This project is developed by Agarwal Associates promoters Ltd. It’s a Mall type of commercial property. The Aditya City Center consists of commercial retail shops, food courts, studio apartments, multiplex and banquet halls, etc. It’s a GDA allotted plot. The project is ready to use since the year 2010.

Builders Profile | Track Record

PREDECESSOR	Agarwal Associates (promoters) Limited
FOUNDED	1979
FOUNDERS	BB Agarwal, Mrs. Uma Agarwal
KEY PEOPLE	Aditya Agarwal, Ashish Agarwal, Uma Agarwal
COMPANY | PROMOTER	Signature Global
PRODUCTS	Apartments, Shopping Malls, Commercial Offices, Retail
AREA SERVED	Delhi, Ghaziabad, Noida, Greater Noida, Dehradoon, Aligarh
PROJECT COMPLETED	Aditya Mall, Aditya High Street
PROJECTS ONGOING	Aditya Business Center, Aditya Park Town
DELIVERY TRACK RECORD	Very Poor
NET WORTH
STRENGTH
COMMITMENT	Zero
RISK	Delay possession, below standard construction quality, poor maintenance, Investment can be stuck
DEBT	Yes
LITIGATION	Facing unfair trade practice charges in Indian courts
OFFICE ADDRESS	Head Office 10, New Rajdhani Enclave, Vikas Marg, Delhi-110092, Ph: 011-43432222/43432201
BUILDER CATEGORY	BRONZE

 

Price | Lease Price
Aditya Mall retail shops sale & lease price starts at approx:-

Floor	SIZE (Sq Ft)	Facing	PRICE (PSF)	LEASE PRICE (PSF)
Ground Floor	484	Main Road	40,000-45,000	225-250
Ground Floor	376-400	Inner Side	12,000-15,000	70-80
First Floor	376-400	All Facing	8,000	20-30
Second Floor	376-400	All Facing	5,000-6,000	10-20
Studio Apartments	800-850	All Facing	50/- to 55/- Lakh	25,000-30,000

 

Conclusion
So overall apart from main road facing ground floor commercial retail shops and commercially used studio apartments the Aditya Mall is in the category of dead investment.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH