Review: Investment in AIMS Central Plaza, Noida Extension, Loss or Profit

Review

CPR Ratings

As per Location
Aims Central Plaza is situated in an inner side road of sector-4, Greater Noida West, which is connecting to Crossings Republick & Village Shahberi. AIMS Central Plaza is not properly visible from main entry points of Kishan Chowk & Buddha Chowk of Greater Noida West.

The location of AIMS Central Plaza is not very impressive in compression of other commercial projects of Kisan Chowk & Buddha Chowk of the Noida Extension.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No AIMS Central Plaza – UPRERAPRJ17739
Start/Launch Date 10-10-2018
Possession Date March-2021
Construction Stage Ongoing, primary
Construction Company
Architect Name Manish Jain and Associates
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

 

Drawbacks | Bad Factors
The Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects. This location already crosses the limit of commercial property development. Actually, at present, there is no need for any new commercial projects at this location of Noida Extension.

We strongly advise avoiding completely new launch, soft launch and primary stage under construction commercial projects of the Kisan Chowk & Buddha Chowk of Noida Extension (Greater Noida West).

There is no doubt that Kisan Chowk and Buddha Chowk has oversupplied commercial projects. There are more than 10 mega commercial projects are under construction within a radius of 500 meter such as Gaur City Centre, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Saphire Plaza, Gaur World Street, Mahagun Marina Walk, IDI London Mart, PKS Town Central, Ufairia Mall, Saya South-X, NX-One, Sarvottam Golden-i etc.

There is a big gap in demand and supply. The supply is very high in comparison to demand. All the above said commercial properties/projects are creating investment competition at this location. So in future investors can face problems in leasing and selling their retail shops, office spaces, studio apartments, serviced apartments, etc in all the above said commercial projects. 

Now the question is that, what’s the logic behind all these oversupply commercial? Is there any limit? Actually, there is no proper planning and re-planning for commercial development by the concern development authorities Of Uttar Pradesh government. i.e. Noida Authority (Greater Noida Authority)

How much commercial property is needed and when it is needed the Uttar Pradesh government has no planning. Actually, it’s a System failure and we all are the victims of this pre-planned cheating.

The construction and possession of this project depend on the sale of shops/spaces, so the project may be the delay.

Aims Central Plaza, Greater Noida West, Angel

Product & Developer
The Aims Central Plaza is situated in mid of Kisan Chowk & Buddha Chowk, Noida Extension (Greater Noida West). This project is under developing by the AIMS & ANGEL Group, (AIMS ANGEL INFRATECH LLP). It’s a high street retail commercial property. The AIMS Central Plaza consists of commercial retail shops & food courts etc. Commercial shops and office space are available in various sizes.

Advice
The commercial project which will give possession first in this location of Kisan Chowk & Buddha Chowk of the Greater Noida West can give better returns in compression of other commercial projects of this location. So all Investments better growth depends on the possession first. Because of at present there are no ready to move big commercial property available in this location of Noida Extension.

If anyone wants to invest in this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties we advice prefer advance stage construction projects or ready to move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under construction projects of this location completely.

The Aims Central Plaza property is best suited if you are willing to hold onto a longer term for returns as the real estate market may take a long time to appreciate in this locality.

The Aims Central Plaza 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 a year.

Builder Profile | Track Record

  aims,angel, builder, profile, track record
PREDECESSOR Aadinath Probuild (India) Private Limited
FOUNDED 2008
FOUNDERS Parveen Jain
KEY PEOPLE Rajinder Kumar Malik and Parveen Jain
COMPANY | PROMOTERS Aims Angel Infratech Private Limited
AREA SERVED Noida, Greater Noida, Ghaziabad
PRODUCTS Apartments, Retail
PROJECTS COMPLETED None
PROJECTS ONGOING Aims Central Plaza
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Delay possession
NET WORTH
STRENGTH
COMMITMENT Delay possession, average construction quality
RISK Delay Possession, can be stuck
DEBT Yes
LITIGATION  Updating soon
OFFICE ADDRESS Aims Angel Infratech LLP
Site, I-1, GH-04, Sector-4, Greater Noida West, (U.P)-201308
Mobile No. +91-9700905555
E-mail info@centralplazahighstreet.com
BUILDER CATEGORY
BRONZE

The AIMS & Angel group is a reputed builder of Delhi-NCR. They have successfully delivered several residential projects in Ghaziabad, Noida, Greater Noida area.

But both builders is not a committed builder in terms of timely construction and possession. They have a poor record of completing their real estate projects in the set time frame.

Price | Lease Price
AIms, Angel Central Plaza retail shops price start at approx:-

FLOOR SIZE (Sq Ft) PRICE (PSF)
Ground Floor 200-800 23,000
Lower Ground 200-800 21,000
First Floor 200-800 19,000
Second Floor 200-800 16,000

There is very little difference in the price of the ground floor and first floor shops. If we compare maximum ready to move retail shops of Noida, Ghaziabad & Noida Extension, where the first floor retail shops resale price is less than 10,000/- per sq ft in comparison to ground floor shops. And in this consideration, the booking price of AIMS Central Plaza 1st & 2nd Floor is very high. And there is hardly any chance of good growth.

AIMS Central Plaza, Developers DeliveryTrack Record Comparison With Other surrounding Commercial Projects Of Noida Extension

PROJECT NAME PRICE (PSF) POSSESSION RECORD
AIMS Central Plaza Retail-23,000 March-2021
ATS Kabana High Office-6,000
Retail-25,000
First mega commercial project by this builder, possession May-2026
Grandthum Office-4,250
Retail-17,990
On-Time, June-2023
NX-ONE Office-5,149
Retail-17990
Delay, possession date revised several times, now December-2024
Gaur City Center Office-
Retail-25,900
Delay, possession date revised several times, now January-2024
Galaxy Diamond Plaza Office-6,490
Retail-24,000
Delay, possession date revised several times, now September-2020
BW Walk Mall Office-6,483
Retail-
Delay, possession date revised several times, RERA date has been passed. still no progress.
Galaxy Blue Sapphire Plaza Office-6,499
Retail-26,000
Delay, possession date revised several times, RERA date has been passed. Now the revised RERA date is July-2021
Gaur World Street Retail-25,900 March-2027
Mahagun Marina Walk Office-5,990
Retail-28,000
December-2025
London Mart Office-
Retail-19,990
Delay, possession date revised several times, now phase-1 July-2022
Apex Park Square Retail-24,900 The first mega commercial project, May-2022
PKS Town Central Retail-26,000-30,000 Delay, possession date revised several times, Now Phase-1 August-2022, Phase-2 August-2023, Phase-3 August-2024
Ufairia Mall Retail-16,00-20,000 Delay, possession date revised several times, now December-2024
Saya South X Retail-26,500 The first mega commercial project, September-2023
Ocean Golden i Updating Delay, possession date revised several times, now June-2022

 

Conclusion 
The investment of AIMS Central Plaza, ground floor road facing retail shops can give 5% to 6% per annum return after completion, possession of this project. If this project complete in the set time frame.

CPR Ratings

Investors Vote
[Total: 4 Average: 2.3]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

4 Comments

  1. I’m book a shope is projects work vere fast I think best retail projects

    Reply
  2. Which floor and what price

    Reply
  3. I booked a shop in this project. this plaza construction is very fast. they will deliver before committing time. Rate is Also genuine. According to me location is prominent. its a three Side open plot. And located on 45m Road. I would suggest to every buyer must go and see this project.

    Reply
  4. I booked a shop in this project in henuin price..though possession is late but sale’s team is very co operative as I am facing some legal problem .

    Reply

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