Investment in Supertech SuperNova, Astralis office space & Spira studio apartments, Loss or Profit
As per Location
The Supertech SuperNova is situated on the service road of the Noida Expressway. The beauty of this project is that this project is exactly located at Noida Expressway.
The project is facing Mahamaya flyover and Metro station. Supertech Supernova is properly connected to multiple transportation facilities and other civic facilities.
The project is just a 10-minutes drive from Noida Golf Course & sector-18 Noida. The project is also very close to Amity university campus. Supertech Supernova is also very close to National capital Delhi. Overall, Supertech Supernova is properly connected with the main points of Noida, Greater Noida, and Delhi. It’s an approachable location project.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | Supertech Supernova- UPRERAPRJ7223 |
| Start/Launch Date | December-2012 |
| Possession Date | June-2019 (still under construction) |
| Construction Stage | Ongoing |
| Architect Name | Modarch India |
| Construction Company | |
| Live Updates | |
| COVID-19 Lockdown Status | COVID-19, an event of ‘Force Majeure’. Completion/possession date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government. |
Drawbacks | Bad Factors
The Supertech SuperNova is already delayed by more than three years and at present, the construction is very slow. The project is hardly complete in the revised time frame.
As we have seen above, the entire construction is planned well and the locality is also chosen well. The drawback here though is the fact that construction has completely slowed down. With a possession date set in another year’s time, the project has a long way to go for completion. It seems to have already outlived its past expectancy date of completion which has caused a lot of worry in the minds of investors.
The project has been Launched and re-launched several times already with new completion target dates and yet there has been no significant progress. There is not much help from the Noida authority as well on this issue.
The investors who have their money into the project are already trying to sell their property and recover their capital. It has been a cumbersome experience for investors who deal with soft launch projects along with Noida or any other location along with Delhi NCR.
The Noida Authority has turned this area of the Delhi NCR into a nuisance zone. The builders are fear-free and are allowed to do all sorts of nasty things.
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year. In fact, investors who are trying to make a sale of their property in the Supertech SuperNova are now struggling to reach their desired price.
The Supertech Supernova, tallest tower of North India is a mixed-use development, having commercial shops and office spaces on the lower floors, apartments on some floors and then studio apartments, Serviced apartments, hotel, nightclub, Mall and beer bar. How this work in Indian context/ culture? how will security and privacy be ensured for the residents? Even with access controlled elevators, this would be a nightmare to ensure.
The Supertech Supernova is very close to several cremation grounds.
Supertech Supernova Price & Delivery Track Record Comparison With Other Projects/Developers Of Noida Expressway
| PROJECT NAME | PRICE (PSF) | DELIVERY TRACK RECORD/REMARKS |
| SUPERNOVA ASTRALIS | ₹6,500 | Delay Possession |
| CYBERTHUM | ₹5,500-₹5,990 | Zero debt, On-Time Delivery, Quality Construction, delivered several commercial projects in Delhi-NCR. |
| WTC NOIDA CBD | ₹7,650 | Not Satisfactory |
| OH My God | Delay Possession, Stuck | |
| ASSOTECH BUSINESS CRESTERA | ₹5,990-₹6,190 | Delay Possession |
| Urbtech Trade Centre | ₹6,500 | Delay Possession |
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Products & Developer
Supertech SuperNova is under development by Supertech Limited. It’s a mix of land use property. The project consists of commercial retail shops, “Aurora” shopping Malls, hotel, The “Astralis” office space, and The “Spira” studio apartments. At present, commercial shops of the Supertech SuperNova the “Aurora” shopping Mall is not for sale.
Builder 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 a 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 |
At present the Supertech builder facing corruption and unfair trade practice charges in Indian courts. Supertech builder has an extremely poor record to complete their real estate projects in the set time frame.
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Price | Lease Price
Supertech SuperNova “Astralis” office spaces & “Spira” studio apartments are available in original bookings, the resale price at approx:-
| UNIT TYPE | SIZE (SqFt) | PRICE (PSF) |
| Astralis Office Space | starts from 300 | ₹14,000 |
| Spira Studio Apartments | 560 | ₹12,000-₹14,000 |
| Spira Ones | 9008 | ₹15.76/- Cr |
| Spira Residency 2BHK | 1776 | ₹2,93/- Cr |
Price is already on the very higher side and there is hardly any chance of early growth.
Conclusion
The price of Supertech Supernova office space and the studio apartments/serviced apartments is very high, can say that this is the highest price for any under-construction commercial property in Noida, Greater Noida, and Ghaziabad area and there is not very much scope to grow more in the near future after possession.
Actually, the Supertech builder making fool to investors by creating hype. Supertech builder is filling his pockets, he is not concerned about the interests of investors.
[Total: 22 Average: 2.3]
CPR Ratings
The article is in the process of updating, friend if you have any suggestions please write in the comment box.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.
Birjesh rathor
The Supertech Group can very well put its customers under huge distress as they have done in their several projects in the Central Noida and Noida Expressway. This builder has developed a reputation of being a big time cheater. Several residential and commercial projects in the Central Noida, Noida Expressway and Ghaziabad which was supposed to be completed by 2012 to 2015 is still horrendously lacking in schedule and far from completion. The construction material used is painfully below standard which gives you a feeling that the builder has looted you with all your hard earned money. The administration and management is hopeless as they only know to take payments and not how to keep up their promises. All in all it’s not the best choice to invest one’s hard earned money. The Supertech group is one of the biggest defaulters in the Noida as they owe a huge sum of money to Noida Authority. Already handover residential and commercial projects, security and maintenance is also very poor. Please check all the credentials of Supertech Supernova before investing in this project or any other projects of the Supertech builder.
Neeraj arora
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S P Singh
Sunil Ji I seek your advise regarding Supertech Nova project at Sector 94. I wish to speak, my mobile no.9599676467
Sunil choudhary
True feedback , supertech not trusted builder, quality of construction is very poor, already delivered project maintenance is very very poor
Deepti sharma
Supertech biggest fraud builder in Indian real estate industry
Nelofer
Fraudient builder, I think government support this builder supertech
admin
Sir,
What kind of advice you need sir… ?
you want more information regarding supertech supernova ?
S P Singh
Sunil Ji I seek your advise regarding Supertech Nova project at Sector 94. I wish to speak, my mobile no.9599676467
Nitin
Sir what’s the future of spira tower office space in future if builder completes the project
Pradeep Srivastava
This is very good site where people can see the reviews about chooses property for investments.
I want to know more about Supernova Astralis. Actually I have bought a office space and invested 70% of total value and my purpose for is to get good lease from this office space.
Should I have to continue or sale this property and if continue then how much time to wait and lease /sqft after possession. Please suggest me.
Thanks.
ashutosh khare
Hi Pradeep ji
I also invested 1500 sq ft lockable office in SuperNova Astralis, as we have seen the glazing work is going on my expectation is that max. bu March’19 they will give possession.
Next question is the leasing part, as i have to take a loan for balance portion i will prefer once the tenant will be finalized then i will pay balance amount.
Please Guide.
Please connect me for further updates as i am staying near to Supernova.
Mayank
I am interested for office space in Supernova Astralis. However on doing some research, it came to be known that the property is under collateral with India Bulls
https://economictimes.indiatimes.com/markets/stocks/news/bears-book-a-home-on-d-street-after-supertech-defaults/articleshow/66268688.cms
Does this has impact on the buyers in this project if Supertech makes default & can India Bulls takes over the project.
Rajat
I am interested to invest in hypermarket space in Hypermall. Is to recommended to invest. Please guide me on this. Feel free to contact @87******31
Rohit
Hello,
My money is stuck in stalled project ORB from supertech and they are offering me to move to SUPERNOVA. 65 lakhs are stuck in ORB and they are offering a 2cr plus flat in supernova. Do you recommend the move? I have heard builder is so bankrupt that investors like us will never get any refund back even after court case is settled. Kindly contact on +6583226870 through wats app. Any insight would be helpful.
Mohit
Hello sir, Mohit this side from the Bhutani group. Whatsapp me +918375970759. I have an option to adjust your stuck money into Ready to move property.
Prakash
Mohit, I am Prakash. I have a property in Supertech’s Eco Village 3. Just wanted to know how you can get my stuck money adjusted/refunded?
mohit panwar
Whatsapp me +918375970759
Ankit chaturvedi
Sheer Non sense….!!!! First of all correct your stats snd knowledge. Supernova is not under Supertech Ltd. It’s under Supertech Realtors. Secondly brother there is no need to spread panic. AS IRP IS APPOINTED AND THIS PROJECT IS ALMOST DELEVERED. Mall and office space of Spira tower is only left. Rest if anyone need any help I can help. You can contact me at my no. 72******29. I am investor as well as Consultant.
Thanks
Ankit