Review : Investment in Assotech Business Cresterra, Noida Expressway, Loss or Profit

Review

CPR Ratings

As per Location
The Assotech Business Cresterra IT-Park (ABC) is situated on 120 ft wide road of the sector 135 Noida. The project is properly visible. But the project is not exactly located in Noida Greater Noida Expressway but just more than a half kilometer away from Noida Expressway. Its an average location project.

Possession
The Assotech Business Cresterra project phase one is in the service since the year 2016.

assotech business cresterra, sector 135, noida

Advantages | Good Factors
Assotech Business Cresterra is a reasonable price IT-office space project. The IT-office space is perfectly designed to suit information technology-related business. The property is properly maintained.

All the retail shops of Assotech Business Cresterra is well suited for retail food outlets.

Drawbacks | Bad Factors
Actually, the Assotech Business Cresterra (ABC) IT-Park is situated in a low-density population area, and low density is good for a living but not for commercial investment.

The investment may take a very long time to grow because of a huge unsold IT-office space property is available on the Noida Expressway and nearby sectors.

Products & Developer
The Assotech Business Cresterra (ABC) is situated in sector 135, Noida Greater Noida Expressway. This project is developed by Assotech Realty Private Limited. The Assotech Business Cresterra, IT Park consists of IT office space, centralized AC commercial retail shops named Sandal Street, and Serviced Apartments.

Builders Profile | Track Record

  Assotech realty,builders,profile,track record
PREDECESSOR Assotech Realty Private Limited
FOUNDED 2002
FOUNDERS Neeraj Gulati
KEY PEOPLE Neeraj Gulati, Salil Kumar, Umesh Nagpal
COMPANY | PROMOTERS Assotech
PRODUCTS Apartments, Retail, Commercial Offices
AREA SERVED Noida, Ghaziabad
PROJECTS COMPLETED Assotech Business Cresterra
PROJECTS ONGOING
UP-COMMING PROJECTS
DELIVERY TRACK RECORD Very Poor, Dealy Possession
NET WORTH
STRENGTH
COMMITMENT Not satisfactory
RISK delay possession, long wait, average quality construction
DEBT Yes
LITIGATION  Facing corruption and unfair trade practice charges in Indian courts
OFFICE ADDRESS eMail:info@assotech.in
BUILDER CATEGORY
BRONZE

 

Price | Lease Price
Assotech Business Cresterra office space & retail shops price start at approx:-

CATAGORY PRICE (PSF) LEASE PRICE (PSF)
Office Space 5500-6190 35-50
Retail Shops 14,000-22,000 40-60

 

Assotech Business Cresterra Price, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Noida Greater Noida Expressway

PROJECT NAME PRICE (PSF) POSSESSION RECORD
Alphathum Office-5500-6000
Retail-
Phase 1 & 2 Ready, On-Time, Phase 3 & 4 February-2021
WTC NOIDA CBD Office-7,650
Retail-
Not Satisfactory, February-2024
Oh My God (X-Noida) Office-
Retail-
Delay, possession date revised several times, now August-2022
ASSOTECH BUSINESS CRESTERA Office-5990-6190
Retail-
Phase-1, Ready, phase-2 Delay Possession
SUPERNOVA ASTRALIS Office-12000 Delay, possession date revised several times
Urbtech Trade Centre Office-6,000-7,000
Retail-
Delay, possession date revised several times
Advant Navis Office-8,500
Retail-25,000
Ready/Occupied

 

Conclusion
Overall, The ABC is good for self-use IT-office space setups. 

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