Advice:- Before investing in this project please check the dues of 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 Supertech e-Square is situated on the service road of sector 96 Noida. The project is exactly located on the service road of Noida Greater Noida Expressway.
Prominent institutions & schools are in close proximity such as Amity University, Amity School, Model National Institute of Education, Asian Business School, Lotus Valley International School, Genesis Global School, etc. Overall, Supertech E-Square is inapproachable location commercial property.
Possession
| Possession/Construction Status | After a long wait, Supertech e-Square is now ready for possession-July-2020 |
| Start/Launch Date | 2011-2012 |
| Promoter Name | Supertech Limited |
Fact Check
There are several important factors, by which the Supertech E-Square does not get success, let us check a few points.
- Delay Possession:- The project was started in the year somewhere in 2011-2012, and the possession date was set for the year 2015-2016, but the project was completed in the year July-2020. Which was a major delay.
- If this project were to be delivered on time, then it can be performed very well, because on those times there were no major commercial projects on the Noida Greater Noida Expressway.
- Unimpressive Layout:- The layout design of the retail spaces is not very impressive. Only some front-facing shops of the ground floor are properly visible.
- Unimpressive Location: At present, there is no residential population near this project and without the residential population, there is no means of commercial property investment.
- Maximum retail shops of Supertech e-Square are completely sold out by the developer. Actually, the Malls which are up for sale get defective. Only those Malls are working fine which has at least 75% stake for lease otherwise all other Mall type properties are the investment of 99% loss. Only a few Malls are running fine in Noida & Ghaziabad area such as Shipra Mall, DLF Mall Of India & GIP, etc. And all the above-said Malls has more than 75% stake for lease only.
Supertech E-Square Price & Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Noida Greater Noida Expressway
| PROJECT NAME | PRICE (PSF) | POSSESSION RECORD |
| Supertech E-Square | Office-11,000 Retail-25,000-27,000 |
After a long wait, Supertech e-Square is now ready for possession-July-2020 |
| Alphathum | Office-5500-6000 Retail- |
On-Time, Phase 1 & 2 Ready, 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 Cresterra | 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 |
10-Acre Factor
According to a survey conducted by CPR, the commercial projects which are less than 10-Acre area are not as successful as above 10-Acre commercial projects.
A less than or up to 5-acre or less than the 10-acre commercial project has not enough space for all the facilities which are required to capture big brands, multinational companies, and public attraction. let’s check the facts by a table:-
| PROJECT NAME | PROJECT AREA | RE-SALE PRICE/REMARKS |
| Express Trade Tower-2, Noida | 5-Acre | The price has been stuck at 5,000-PSF for the last several years. Leasing is also not very impressive. |
| Logix Technova, Noida | 5-Acre | The price has been stuck at 5,000-PSF for the last several years. Leasing is also not very impressive. |
| Jaipuria Mall-Indirapuram | Less than 5-Acre | Fail |
| Aditya Mall-Indirapuram | Less than-5 Acre | Fail |
| Wave One, Noida | Less than 4-Acre | Stuck |
| Wave Silver Tower | Less than 4-Acre | Not very impressive |
| Urbtech NPX | Less Than 4-Acre | Stuck |
| Center Stage Mall, Noida | Less than 7-Acre | Not very impressive |
| ATS Bouquet, Noida | 7.5-Acre | The price has been stuck at 5,000-PSF for the last several years. Leasing is also not very impressive. |
| GIP, Noida | Above-10 Acre | Working very fine, fully occupied |
| Shipra Mall | Above-10-Acre | Working very fine, fully occupied |
| Bhutani Alphathum, Noida | 17-Acre | Successful-high returns |
| Indirapuram Habitat Centre | Over 10-Acre | Working Very Fine |
| DLF Mall of India | Over-10-Acre | Working very fine, fully occupied |
| Select CITYWALK, Saket | Over 10 Acre | Working very fine, fully occupied |
The above table shows that investment in the bigger commercial project is very fruitful in comparison to small commercial projects.
Products & Developer
Supertech e-Square is developed by Supertech Limited. It’s a commercial property. The project is consists of commercial retail shops and office space.
Builders Profile | Track Record
 |
|
| PREDECESSOR | Supertech Limited |
| FOUNDED | 1995 |
| FOUNDERS | Ram Kishor Arora |
| KEY PEOPLE | Mohit Arora, Vikas Kansal, Anil Sharma |
| COMPANY /PROMOTER | Supertech Limited |
| PRODUCTS | Apartments, Villas, Golfcourse, Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail |
| AREA SERVED | Delhi-NCR (Delhi, Noida, Greater Noida, Ghaziabad, Gurgaon) |
| PROJECTS COMPLETED | Shoprix Mall, Supertech e-Square |
| PROJECTS ONGOING | Supertech Hypernova Mall, Super Nova, start in 2012-till date not completed,
Supertech Cape Town- starts 2010 |
| DELIVERY TRACK RECORD | delay possession, long wait |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Zero |
| RISK | Delay completion, poor construction quality, bank & Noida authority dues |
| DEBT | Defaulter (Builder is in the defaulter list of Noida Authority) |
| LITIGATION | Facing corruption charges in Indian courts |
| OFFICE ADDRESS | Supertech Limited Supertech House B 28-29, Sec-58, Noida – 201307, India For Enquiry, Call: +91-93100-12345 |
| BUILDER CATEGORY | SILVER |
Price | Lease Price
Supertech e Square retail shops and office spaces are available in sale and resale at the price approx:
| FLOOR | BASIC RATE (PSF) |
| Ground Floor (Retail) | 19,000-25,000 |
| Lower Ground (Retail) | 16,000-21,000 |
| Upper Ground (Retail) | 17,000-22,000 |
| First Floor | 14,000-16,000 |
| Second Floor | 10,000- 11,000 |
| Third Floor | 10,000-11,000 |
| 4th to 27th Floor (Office Space | 10,000-11,000 |
The price of retail shops is already on the higher side.
Conclusion
The Supertech e-Square is an approach full location for office setups.
CPR Ratings
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH
Sunil choudhary
Price is very high for buy retail shop
Harish Amar
Dear Reviewer
Please guide me the future of lockable space in E Square at Noida Express way. I have 1 office space for 666 sq FT (Super Area) at 11th Floor facing Highway.
Regards
ALI
Kindly contact me on this number.
9354653569
dharmendra kumar
kindly contact
Dharmendra kumar