Review : Investment in Ameya Sapphire 92, Sector 92, Gurugram, Loss of Profit

Review

CPR Ratings

As per Location
The Ameya Sapphire 92 is situated on the service road of sector 92, Gurgaon. The project has a small frontage. Sector 92 is an under developing sector. The elevation and layout design is good. It’s a good location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No Ameya Sapphire 92- 155 OF 2017 DATED 28.08.2017
Start/Launch Date 13-8-2014
First Possession Date December-2017 (Expired)
Revised Possession Date December-2018 (Expired)
Possession Date (RERA) 27-8-2022
Construction Stage Ongoing
Land Area 2.5 Acre
Number of Units/Shops
Promoters Name Ameya Commercials Projects Private Limited
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Advantages | Good Factors
At present, sector 92 is an under developing location of Gurgaon. But it can be a high-density population area in upcoming years.  There are several big residential ready to move and under-construction projects such as Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc are in close vicinity of Ameya Sapphire 92 which is a very good sign of investment in this project.

ALSO READ: How to Double Your Money by Investing in Commercial Real Estate

There is a huge urban rich residential population surrounding Ameya Sapphire 92 Mall. There are more than 10 thousand flats and an expected residential population of more than 40 thousand people can reside in this area within two years. Which is also a very good sign for commercial property investment in i.e. Ameya Sapphire 92.

The commercial project which will give possession first in this location of sector 92 Gurgaon can give better returns in compression of other commercial projects of this location. And the Ameya Sapphire 92 construction is on advance stage in compression to other commercial projects of this area. Our Investments better growth depends on the possession first. Because of at present there are no any ready to move Mega commercial project/ property available in this location of sector 92. So we advice choose the advance stage construction commercial project for investment in sector 92 Gurgaon.

ameya sapphire Ninety-Two sector 92 gurugram

Ameya Sapphire-92 Price & Developers Delivery Track Record Comparison With Other surrounding Nearby Commercial Projects

PROJECTS NAME PRICE (PSF) POSSESSION RECORD/REMARKS
Ameya Sapphire 92 13,000-15,000 Possession date revised several times, can be delay
Spaze Tristaar 8,000-15,000 Possession date revised several times, RERA expired, still under construction.
Bestech Market Place 10,250-13,250 Possession offered January-2023. RERA Possession-March-2025
Amb Selfie Street 8,500-14,000 Possession date revised several times, can be delay

 

Advice
If construction/possession of the Ameya Sapphire 92 shall be completed before the other commercial project of sector 92 and surrounding areas then these commercial projects will give excellent returns to investors. Because at present there is no ready to move mega Mall type project in sector 92 Gurgaon to cater to shopping and entertainment needs for the residents of sector 92. And the Ameya Sapphire 92 fulfills this required criterion.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-AMEYA SAPPHIRE-92 GRADING
Urban Rich Gentry Middle Class, Middle Class. Within Walking distance, Sare Crescent Parc, Raheja Navodaya, Ansal Heights, Sare Crescent Parc Royal Greens Phase 1, Bestech Park View Sanskruti, Sare Green Parc 2, Sare The Grand, Parkwood Westend, Sare Petioles, Sare Club Terraces, etc A
Prime Location SILVER B
Connectivity Nearest Metro Station 41-Minutes (Huda City Center)
International Airport-33.8Km (IGI Airport
C
Layout Design wide corridors, proper sitting & walking arrangements, highly visible retail A
Multiple Entries No D
Visibility Small Frontage C
High-Density population Within a radius of 500-meter more than 20-Thousand Flats and 40-Thousand urban rich people and can denser more in upcoming years. A
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Within 3-Km A
Urban/Civic Facilities Under developing location C
Developers Credibility Quality construction & maintenance. GOLD standard Developer  A
Price Comparison Competitive price A
Competitors A few competitors within a radius of 500-Meter A
Expected ROI 6% to 7% Annually. If completed before the other surrounding projects of this area. A

 

Key Point
Ameya Sapphire 92 property 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) and the market to appreciate in the locality. And this is subjected to the completion of this project on the set time.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of years. In fact, investors who are trying to make a re-sale of their property in the Ameya Sapphire 92, hardly get any client.

These days developer of the Ameya Sapphire 92 project offering buyers so many interesting payments plans to invest in this project/property, commercial retail shops, and office spaces such as 12% assured return and lease guaranty payment plans, etc.

Those builder/project who offer this kind of investment offers is not in the category of secure investment. As our experience most assured return properties are an investment of loss.

Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.

Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard-earned money in the name of the assured return or monthly rent to you in the form of EMI. Actually, they are making you fool. 

Product & Developer
The Ameya Sapphire 92 is under developing by the Ameya Commercial Projects Private Limited. This project consists of commercial retail shops, Anchor Store, food courts, 6-Screen Multiplex, entertainment facilities, and serviced apartments, etc. It’s a Mall type property.

Builders Profile | Track Record

  Ameya,builders,profile,track record
PREDECESSOR Ameya Infratech Private Limited, Ameya Buildwell Private Limited, Ameya Commercial Projects Private Limited
FOUNDED 2008
FOUNDERS Deepak Gupta, Sanjay Gupta
KEY PEOPLES Deepak Gupta, Sanjay Gupta
COMPANY /PROMOTER Ameya
PRODUCTS Shopping Malls, Commercial Offices, Hotels, Lesure & Hospitality, Retail
AREA SERVED Gurugram
PROJECTS COMPLETED The Sapphire in Sector 49, Ameya One in Sector 42, Ameya Sapphire-83, Gurugram
PROJECTS ONGOING Ameya Sapphire-90, Ameya Sapphire-92, Ameya Sapphire-93, Gurugram
DELIVERY TRACK RECORD very poor, delay possession, long wait
NET WORTH
STRENGTH
COMMITMENT Quality construction & Maintenance, State of the art projects, Finest layout design
RISK Updating soon…
DEBT Updating soon…
LITIGATION  Updating soon…
OFFICE ADDRESS Ameya One, DLF – V, Golf Course Road, Gurgaon – 122002,
Haryana, India, Phone: +91-124-4571477/ 2572477
BUILDER CATEGORY GOLD

 

ameya sapphire 92 sector 92 gurugram

Price | Lease Price
Ameya Sapphire 92 retail commercial shops & Serviced Apartments sale price stat at approx:-

UNIT TYPE PRICE (PSF)
Serviced Apartments 6500-7000
Retail Shops 8000-12,000

The price depends on the floor and location and demand.  The price is reasonable for investment.

Conclusion
If construction/possession of Ameya Sapphire-92 shall be completed before the other commercial projects of this area than this commercial project will give excellent returns. After completion possession, the investors can get 5% to 6% per annum returns.

CPR Ratings

Investors Vote
[Total: 3 Average: 2.7]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

1 Comment

  1. One of the best developer of Gurgaon

    Reply

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