Review: Investment in iThum Galleria Mall, Greater Noida, Loss or Profit

Review

CPR Ratings

As per Location
The Ithum’s Galleria (Formerly RST Galleria) commercial property investment projects (retail shop, office space, mall multiplex) is located at the roundabout of the Alpha-II. It’s a corner 3-side open commercial property. It is just walking distance from Delta-1 Metro Station. The RST Galleria is an approachable location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No Ithum’s Galleria- UPRERAPRJ15652
Start/Launch Date 7-4-2018
Possession Date (RERA) December-2022
Promoter Name  Adihm Developers Private Limited
Architect Name Ateesh Agarwal
Construction Stage Ongoing
Land Area 2.8624687Acre
Number of Units/Shops
Construction Company Solutrean Building Technologies 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
10-Screen multiplex is an added advantage of this commercial project. Actually, at present, there is no any multiplex facility available in Alpha commercial belt sectors. And that is a very big plus point of this project.

The Ithum’s Galleria, ground floor main road facings retail shops are properly visible, it is like the high street retail shops. So these main roads facing shops can give good returns if they have direct entry from the road.

RST Galleria is properly connected to multiple public transportation facilities and other civic facilities. There is enough parking space for stakeholders and visiting guests.

ALSO READ: How to Double Your Money Within 3 To 6 Years

Delta-1 Metro Station Greater Noida

Fact Check
Actually, from the alpha commercial belt to the entire Metro track, there are several commercial projects at every 500 meters. And the Alpha commercial belt is already sufficient to cater to the daily shopping needs of nearby residents.

Actually, Greater Noida is a low-density population area, And low density is good for a living but not for commercial investment. Actually, at present, the Alpha commercial belt, metro track location is already cross the limit of commercial property development.

Already several ready to move office spaces and retail commercial shops are vacant/available for sale and lease in the Alpha Commercial Belt commercial complexes and other commercial complexes along with the metro track.

The Omex ITC (Omex India Trade Center) retail shops are a much better investment in compression of iThum Galleria retail shops. And the Omax ITC is ready to move commercial property.

There are other under-construction commercial projects available next-door to Ithum’s Galleria (Formerly RST Galleria) Mall such as Kaveri City Centre & Sun Twilight Metro Street, And which is advanced stage construction commercial properties.

ALSO READ: 10 Best Commercial Property Investment Project Noida

ALSO READ: Fact Check, Which payment plan is better for commercial property investment

ALSO READ: How To Negotiate When Buying A Resale Apartment?

There is a big gap in demand and supply. The Supply of such type of commercial projects/properties along with the metro track is very high but the demand is very limited. So the investors may face problems in leasing or selling their retail shops, office spaces, and studio apartments after completion possession of projects.

Maximum Mall or Mall type properties are not the good and safe investment options in the Ghaziabad, Noida, and Greater Noida area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, the Malls/Mega Retails which are up for sale get defective. Only those Malls are working fine which has at least a 75% stake for lease otherwise, all other Mall type properties are the investment of 90% loss. There are only a few Malls are running fine in Ghaziabad, Noida, and the Greater Noida area such as Shipra Mall, GIP Mall, DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss.

As we analyze that the Ithum’s Galleria (Formerly RST Galleria), retail shops, and office space have a loading of more than 60%, it means a small shop of around 420 sq ft, may end only 186 sq ft carpet area.

RST Galleria Mall Alpha-2 Greater Noida

ALSO READ: Top 10 Best High Rise Residential Societies For Living in Noida Extension

ALSO READ: Top 10 Best High Rise Residential Societies For Living in Noida 

ALSO READ: 10 Best Property Consultants of  Delhi NCR

Key Points
Greater Noida is a well-planned city. There are so many well planned residential townships, flats, societies, schools, colleges, and universities, but there are no industries, manufacturing units, and other business industries.

The maximum residential societies/flats are vacant or low population density and most of these are college students. At present, Greater Noida has become an education hub.

The Ithum’s Galleria is probably may not be the right choice of investment for those who are looking for ROI in the next year or so, because of a huge unsold commercial property inventory is available in nearby commercial projects. there may not be a real appreciation of value for resale in a year.

Product & Developer
The RST Galleria Mall is under development by the SBTL & RST Group. The RST Galleria is consists of retail shops, office space, food courts, the entertainment zone, and 10-Screen Multiplex.

Price | Lease Price
iThum Galleria Retail shops price starts at approx:-

FLOOR PRICE (PSF)
Lower Ground 17,700-21,000
Ground Floor 15,000-21.000
First Floor 10,000-14,000
Second Floor 9100-12,600
Third Floor 8290-12550

 

ADDITIONAL CHARGES PRICE (PSF)
EEC/FFC 100
Lease Rent 125
IFMS 100
Power Backup 25,000 Per KVA
Corner PLC Road Facing 15% of BSP
Corner PLC Atrium and Inner Facing 10% of BSP

The price is high for investment. Investors get a very low carpet area in the project. 

These days developer of the RST Galleria Mall Alpha-2, Greater Noida, offering several attractive schemes to customers to invest in this project such as 12% assured return, lease guaranty, and other greedy payment plans.

That builder/project who offers this type of investment offers is not in the category of secure investment, as our experience most assured return and lease guaranty properties are the 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. The lease guaranty plan is a trick of fundraising. So invest carefully.

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 & lease guaranty to you in the form of EMI. Actually, they are making you fool.

Conclusion
Profitable re-sale takes a long time to grow in assured return & pre-leased guaranty commercial property investment projects. The Multiplex is an added advantage, overall invest carefully.

CPR Ratings

Investors Vote
[Total: 17 Average: 3.2]

NOTE: BEFORE INVESTING DO  YOUR OWN RESEARCH

6 Comments

  1. Are the developers reliable?

    Reply
    • This is last opportunity for commercial investment in Delhi ncr on that price point of view and builder background if you missed this opportunity you can’t but commercial retail space in entire delhi ncr.

      Reply
    • I have not received Assured returns from the past 12 months.

      I came in contact when ithum Galleria through SquareYard Dubai.

      Now ithum stop responding to emails also.

      Reply
      • Thank you, sir
        for your valuable feedback, can you share your experience in detail?

        Reply
  2. This is last opportunity for commercial investment in Delhi ncr on that price point of view and builder background if you missed this opportunity you can’t but commercial retail space in entire delhi ncr.

    Reply
  3. not reliable. I have not received Assured Returns from past 10 months.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*

Lost Password