Review : Investment in Spaze Boulevard, Sector 47, Sohna Road, Gurugram, Loss or Profit

Review

CPR Ratings

As per Location
The Spaze Boulevard is located on main Sohna road. It’s a 2-side open corner property. This property the Spaze Boulevard is 100% visible and walkable to all passers from the Sohna Road and nearby residential societies/sectors roads. So we can say that the location of the Spaze Boulevard, Gurugram is very impressive.

Possession
The Spaze Boulevard is in the services since the year 2016.

Spaze Boulevard, Sector 47, Sohna Road, gurugram

Advantages | Good Factors
The Layout design of Spaze Boulevard project is very attractive. The ground floor commercial retail shop of this project is properly visible and looks like the high street open market, especially the main road facing retail shops, so the investment in the ground floor main road facing shops can give excellent returns in the future.

Spaze Boulevard is very well connected to the multiple public transportation facilities and other civic facilities.

The Spaze Boulevard are featuring new methods Serviced Apartments because not only they are fully-furnished and fully-serviced, but also because they are multi-purpose and economical alternatives to hotels for travel executives and other guest executives to stay for short and long periods of time.

The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-SPAZE BOULEVARD GRADING
Urban Rich Gentry High Class, Upper Middle Class. Highly inhabitants area os Sohna Road. A1
Connectivity 11-Minute drive from- NH-8 Gurgaon
23-Minute drive from- DLF Cyber City.
Nearest Metro Station 13-Minutes (Huda City Center)
International Airport-19.3-Km (IGI Airport
A1
Layout Design International standard office space, highly visible retail, Impressive layout & elevation A
Multiple Entries Yes A
Visibility Highly visible, wide frontage A
High-Density population Within a radius of 500-meter more than 50-Thousand Flats and 2-Lakh urban rich people and can denser more in upcoming years. A1
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Walking distance A1
Urban/Civic Facilities Maximum facilities available A1
Developers Credibility Quality Construction & Maintenace, GOLD standard Developer A
Price Comparison Competitive price A
Competitors No Competitors  A1
Expected ROI 6% to 8% Annually A

Spaze Boulevard, Sector 47, Sohna road, gurgaon, haryana, india

Advice
Spaze Boulevard is the right choice for investment for those who are looking for ROI in the next year or so. They can get a real appreciation of value for resale in a couple of years.

The Spaze Boulevard ground floor front facing retail shops is a much better investment option than office space and serviced apartments of this project.

Drawbacks | Bad Factors
The Spaze Boulevard location is prime but in this prime location, several other prime location Mall type commercial properties also exist such as ILD Trade Center (ILD Mall ),  Orchid Business Park, JMD Galleria, JMD MegaPolis, Spaze Platinum Tower, and  Raheja Mall, etc. All the above-said commercial projects are in the services for more than 5-years.

All the above-said projects creating investment competition with each other at this location. There is a big gap in demand and supply. The supply is very high in comparison to the demand. So at present, the investors facing problems in leasing and selling their commercial retail shops and office spaces in all the above commercial projects.

Products & Developer
This project is developed by the Spaze Group. It’s a commercial project. The Spaze Boulevard consists of commercial retail shops, office space, and serviced apartments, etc.

Builders Profile | Track Record

  Spaze developers,builders,profile,track record,expert,views
PREDECESSOR KS Estate Developers And Promoters Private Limited, Ks Infratech Private Limited, Spaze Towers Private Limited
FOUNDED 2006
FOUNDERS Harpal Singh Chawla, Jaspal Singh Chawla
KEY PEOPLE Vipin Sharma, Bharat Kumar Bhushan, Harpal Singh Chawla, Aman Sharma, Deepak Kumar, Jaspal Singh Chawla
COMPANY | PROMOTER Spaze
PRODUCTS Commercial offices, Shopping Malls, Retail, IT Parks
AREA SERVED Gurugram (Gurgaon)
PROJECTS COMPLETED (Residential) Spaze Privvy The Address, Spaze Privy 72, Spaze Villa Apartment, Privy AT4
PROJECT COMPLETED (Commercial) Spaze Buziness Park, Spaze Boulevard, Spaze Palazo, Spaze Platinum Tower, Spaze Edge, Spaze Itechpark
PROJECTS ONGOING Spaze Corporate Park, Spaze Apotel, Spaze Forum, Spaze Tristaar, Spaze Arrow
DELIVERY TRACK RECORD Very poor, Delay possession
NET WORTH
STRENGTH
COMMITMENT Quality construction & maintenance, state of the art projects
RISK Delay possession, long wait
DEBT Updating soon…
LITIGATION  YES (Facing unfair trade practice charges in Indian courts) charges)
OFFICE ADDRESS Spaze Towers Pvt. Ltd. SPAZEDGE, Sector-47, Sohna Expressway, Gurgaon, Haryana – 122002Phone: +91-124 4615999, +91-93546 21711, eMail: info@spaze.in
BUILDER CATEGORY GOLD

 
Price | Lease Price
Spaze Boulevard retail commercial shops, office space sale/lease price starts at approx:-

UNIT TYPE SIZE (Sq Ft) PRICE (PSF) LEASE PRICE (PSF)
Retail Shops 10,000-23,000 70-120
Office Space 8000-10,000 50-65
Serviced Apartments 600, 900, 1100 80/- Lakh

The price of serviced apartments is already on the very high side, but the price of the commercial retail shop and office space is reasonable.

Conclusion
The Spaze Boulevard is good for retail business startups & office setups.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

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