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.
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 |
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
 |
|
| 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
