As per Location
The 3C Delhi One is situated in the very prime location of the sector 16B Noida. It is very close to the DND toll road. This project is very well connected to all types of public transport facilities and other civic facilities.
The Sector 16 metro station in Noida is the closest to this project at a distance of about 200 meters from The 3C Delhi One. This is the only commercial office space project after the World Trade Tower, which is very close to the National capital Delhi, It is a just 5-minute distance from the New Delhi.
There is a huge urban rich residential population around the 3C Delhi One. The project is well connected through road as well as it is located on the main highway. So we can say it’s an ultra-premium location.
The Delhi One is a project offering the perfect integration of retail, commercial, hospitality and residential lifestyles in a single compound. The project is appealing not just from a design and concept perspective but the blueprint reveals that it would be functionally attractive too. The project dubbed as “DELHI One” will have five different sections to it namely the Hospitality, Business first, Leisure, Entertainment and Domicile. The design is set to lean towards the contemporary makes making it a premier locale for the desired few.
Possession | Construction Update
This is probably the most uncertain query of the entire project. The project started in the year 2012 with L&T being the construction company behind the project and the time period was set as per the terms then. The promised date of delivery of the project was in the month of December 2015. However, as of now, the project has been moving at a snail’s pace. The 3C Delhi One project is still under construction. The project may be the delay for more couple of years. After RERA comes in force the revised possession date of DELHI ONE TOWER B, FS HOTEL, RESI 1,2,3 AND RETAIL is December-2023.
Drawbacks | Bad Factor
The location and layout design of the 3C Delhi One is very prime but to see the present situation of this project it seems that the construction of this project is hardly complete. The construction of this project started in the year 2012 by the L&T Company, but till date project is not completed and these days there is almost no construction activity at this site.
It seems that the developer of this project the 3C Delhi One is not committed to this project. Investors’ hard-earned money is stuck in this project and there is no one to worry about them. There is no sale/resale/purchase in this project.
Due to the delays in the construction of this project, the profits for the investors have almost come to an end. Now, what to do? It’s a big question.
The developer of the 3C Delhi One has almost ruined this ultra-premium location project. The possession is undefined, uncertain. If the builder had given possession of this project in his committed time frame, then investors would have been in the benefit of at least Rs. 2000/- per sq ft today.
Key Points
At the present situation construction of the 3C Delhi One, is very slow so this project is hardly completed in the revised set time frame. This project the 3C Delhi One construction started in the year 2012 but till date project is not completed and these days there is almost no construction activity or very slow construction at this site.
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 the 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 Noida or any other location along Delhi NCR.
That this project the 3C Delhi One has launched relaunched many times since 2012. Our advice investors never invest in any soft launch project, at least in the Noida or any other remote location of the 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.
Commercial Real Estate Project Investment Criteria Table
| MUST REQUIRED FACTORS | ACTUAL FACTS-3C DELHI ONE | GRADING |
| Urban Rich Gentry | High Class, Upper Middle Class. Within walking distance, several high-class residential group-housings & colonies. | A1 |
| Prime Location | PLATINUM | A1 |
| Connectivity | 5-Minute drive from- DND Road. 10-Minute drive from- South Delhi, Sector 18 Noida. Nearest Metro Station -Walking distance (Sector 16) International Airport-22Km (IGI Airport) |
A1 |
| Layout Design | Impressive layout, International standards office space, Highly visible. | A |
| Multiple Entries | Yes | A1 |
| Visibility | Highly visible, corner property, very wide frontage | A1 |
| High-Density population | Within walking distance, more 2-Lakh urban rich people and can denser more in upcoming years. | A1 |
| Youthful Footfall | Yes | A |
| Public Security | Police Station -10-Minute Fire Station 10-Minute |
A |
| Industrial Area | Within walking distance | A1 |
| Urban/Civic Facilities | Maximum facilities available | A |
| Developers Credibility | Zero, BRONZE standard Developer | D |
| Price Comparison | Competitive price | A |
| Competitors | A-few competitors within a radius of 1-KM | B |
| Expected ROI | May takes very long time due to delay possession | C |
Advantages | Good Factors
The property 3C Delhi One is best suited if you are willing to hold onto a longer-term for returns as it would take a couple of more years (or even more) for completion of the property and the market to appreciate in the locality.
As for the location of the property is concerned it is a prime locality with all required amenities located within 1 kilometer. And this is subjected to the completion of this project on the set time, next year, which seems fairly uncertain.
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 3C DELHI One are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.
Products & Developer
The 3C Delhi One is situated in Sector 16B, Noida. This project is under developing by the 3C Company. It’s a commercial property. This project consists of centralized commercial retail shops, commercial office space, 5 Start Hotel, Serviced Apartments, Studio Apartments, Theaters, and Private Residential Apartments.
Builders Profile | Track Record
 |
|
| PREDECESSOR | Riddhi Softech Private Limited, Three C Infra Private Limited |
| FOUNDED | 2009 |
| FOUNDERS | Surpreet Singh Suri, Vidur Bhardwaj |
| KEY PEOPLE | Surpreet Singh Suri, Vidur Bhardwaj, Nirmal Singh |
| COMPANY | PROMOTER | 3C |
| PRODUCTS | Commercial Offices, Shopping Malls, Retail |
| AREA SERVED | Delhi-NCR (Noida, Greater Noida, Gurgaon) |
| PROJECT COMPLETED | Updating soon… |
| PROJECTS ONGOING | 3C Delhi One |
| DELIVERY TRACK RECORD | Extremely Poor, Big time delayer |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Zero |
| RISK | Delay completion, the investment can be stuck, long wait |
| DEBT | Defaulter (Builder is in the defaulter list of Noida Authority) |
| LITIGATION | Facing corruption & unfair trade practice charges in Indian courts |
| OFFICE ADDRESS | Corporate Office Tech Boulevard, Central Block, Plot no. 6, Sector 127, Noida – 20130, Email: sales@the3c.in, Phone: Tel No. +91-120-476 6414 |
| BUILDER CATEGORY | BRONZE |
Price | Lease Price
3C Delhi One, (3c Delhi 1) office spaces sale price start at approx:-
| PRICE (PSF) | LEASE PRICE (PSF) |
| 9000 | |
The price is reasonable for investment.
Conclusion
Property investment is a huge step and it involves a lot of money. It is therefore important that you review the pros and cons and weigh them before reaching a decision. As for the 3C DELHI One property from 3C Group is concerned, despite being multi-use one of its kind project, the simple fact that the project is unable to meet its milestones speaks volumes on whether you should rely on it. Our advice would be to not invest in this project given the uncertainty surrounding the possession dates.
The investment may take a very long time to grow in 3C Delhi One. So invest carefully
CPR Ratings
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH
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