As per Location
The AIPL Joy Central is situated on the Golf Course Extension Road/ Southern Peripheral Road (SPR) sector 65, Gurgaon. It’s a 3-side open corner property. The project has a wide frontage & very impressive layout design.
The beauty of this project is that this project is exactly on the Golf Course Extension Road and the other side facing towards the dividing road of Sector 66 & sector 65. The project has direct access from 3-ways.
The AIPL Joy Central is the top-most visible project of Golf Course Extension Road (GCX). The project has 100% visible and walkable for sector 65, 66, 49 & sector 50 residents and for the passers of Golf Course Extension Road. The project is very well connected to multiple public transportation facilities and other civic facilities.
The AIPL Joy Central is very well connected with NH-8 and other main points of Gurgaon. Major hotels & Hospitals are in close proximity. Prominent institutions in the closest proximity like DPS International, St. Xavier’s School etc. The project is on the proposed metro rail track.
The AIPL Joy Central caters to an immediate catchment of a big crowd of the sector 49, 50, 65, and sector 66 residential societies. It’s a truly high street retail open market to cater to all kinds of shopping, fine dining, fun, entertainment, and business needs of Golf Course Extension Road residents. The AIPL Joy Central is properly visible and walkable to every resident of nearby localities. So can say that the AIPL Joy Central is an excellent location property.
Possession | Construction Update
The AIPL Joy Central is under construction. The project was launched in the year of January-2017. The promised date of delivery is in the year December-2020. At present, the project is very far from the possession. The project may be the delay for more couple of years.
| Construction Status | Under Construction |
| RERA Registration No | AIPL Joy Central –183 OF 2017 DATED 14.09.2017 |
| Start/Launch Date | October-2017 |
| Possession Date (RERA) | December-2022 |
| Construction Stage | Ongoing |
| Construction Company | |
| Land Area | 11.58 Acre |
| Promoter Name | Wellworth Project Developers 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
The AIPL Joy Central is all surrounding with several high-density ready to move and under construction residential group housing societies such as M3M Golf Estate, M3M Heights, Emaar MGF Emerald Floors, Emaar MGF Emerald Estate, M3M Latitude, Emaar MGF Emerald Hills, Emaar MGF Emerald Floors Select, M3M Polo Suites, Trump Tower, Emaar MGF Emerald Floors Premier, M3M Panorama, M3M St Andrews, and Brahma City, etc. And that is a very good sign for commercial property investment.
The AIPL Joy Central is the central location of sector 49, 50, 65 & sector 66 of Golf Course Extension Road (GCX). And all the above said sectors is the high-density population area, and can denser more in upcoming years. There is a huge urban rich residential population surrounding AIPL Joy Central. There are more than 50 thousand flats and an expected residential population of more than 2-Lakh people. This is also a very good sign for commercial property investment i.e. AIPL Joy Central.
The layout design, elevation of AIPL Joy Central is world-class. All retail shops have designed to maximize visibility. Especially the ground floor retail shops.
The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business. The project has a proper parking space for stakeholders and visiting guests.
ALSO READ: How to Double Your Money by Investing in Commercial Real Estate
The AIPL Joy Central is very well connected to the multiple public transportation facilities and other civic facilities. The project is also very well connected to the residential sectors such as 49, 50, 65, and 66. Which is also another good sign for commercial property investment i.e. AIPL Joy Central.
The AIPL Joy Central can be a famous Hot-Spot of Golf Course Extension Road after completion possession.
The overall layout design and location of AIPL Joy Central is excellent.
Commercial Real Estate Project Investment Criteria Table
| MUST REQUIRED FACTORS | ACTUAL FACTS-AIPL JOY CENTRAL | GRADING |
| Urban Rich Gentry | High Class, Upper Middle Class. Within Walking distance, M3M, Emaar MGF, Adani Brahma, etc | A1 |
| Prime Location | PLATINUM | A1 |
| Connectivity | 5-Minute drive from- sector 65, 66, 49 & sector 50 of Gurgaon 10-Minute drive from- Sohna road. Nearest Metro Station 29-Minutes (Huda City Center) International Airport-22.5Km (IGI Airport |
A |
| Layout Design | Excellent, Grand ceiling heights, full of vigor and vitality, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space | A1 |
| Multiple Entries | Yes | A |
| Visibility | Highly visible, corner property, very wide frontage | A1 |
| High-Density population | Within a radius of 500-meter more than 25-Thousand Flats and 1-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 | Within 2-Km, Badshahpur | A |
| Urban/Civic Facilities | Maximum facilities available | A |
| Developers Credibility | Quality Construction & Maintenace, GOLD standard Developer | A |
| Price Comparison | Competitive price | A |
| Competitors | Several competitors within a radius of 1-KM | C |
| Expected ROI | 6% to 8% Annually | A |
Drawbacks | Bad Factors
It is no doubt, that AIPL Joy Central is a prime location project, but in this prime location, several other prime locations ready to move and under construction commercial/retail/office space/Mall type projects are also exist such as the M3M Cosmopolitan, M3M Urbana, M3M Urbana Premium, Spaze Buziness Park, M3M Tee Point, M3M City Hub, M3M Financial Centre, AIPL Joy Street, Élan Town Centre, and Capital CityScape, etc.
ALSO READ: How to Double Your Money by Investing in Commercial Real Estate
All the above-said projects are within the one kilo Meter radius. And all these projects have the same types of products. All are commercial/retail/office space/serviced apartments/studio apartments/Mall type properties. All these commercial properties/projects are creating an investment competition at this location.
Actually, at present sector 66 & sector 65 has oversupplied commercial projects. Sector 66 & sector 65 is already cross the limit of commercial property development.
There is a big gap in demand and supply. The supply is very high in comparison to demand. So in future and in the present time, investors can facing problems in leasing and selling their commercial properties in all above said commercial projects.
These days developers of the AIPL Joy Central, offering several attractive schemes to customers to invest in this project, like the 11% 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. 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 & lease guaranty to you in the form of EMI. Actually, they are making you fool.
It is better to go for without assured return payment plans. prefer to choose, without assured return CLP (Construction Linked Plan) payment plan for investment.
The Maximum Mall or Mall type properties are not the good and safe investment options in the Gurugram and Delhi area. The maximum investors who invested in Mall type properties are in 99% loss.
Actually, only a few Malls is running fine in Gurugram and Delhi area such as The Ambience Mall, The DLF Mega Mall, The MGF Metropolitan Mall, and The Select City Walk, Saket, New Delhi, etc otherwise all other Mall type properties are the investment of 99% loss. But to see the excellent location of this project, we can hope that this project performs well.
The construction and possession of this project depend on the sale of shops/space so the project may be the delay.
AIPL Joy Central Price & Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Golf Course Extension Road
| PROJECT NAME | PRICE (PSF) | POSSESSION RECORD/REMARKS |
| AIPL Joy Central | Retail-21,000-30,000 Office-13,000 |
Under construction, finest layout design, very prime location property |
| M3M 65th Avenue | Retail-14,000-24,000 | Under construction, possession can be delay |
| M3M IFC | Retail-14,00-37,000 Office-17,000 |
possession can be a delay, high price |
| M3M Cosmopolitan | Retail-16,000-25,000 Office-7,500-8,000 |
Ready to Move |
| M3M Tee Point | Retail-18,000-23,000 Office-9,000-10,000 |
Ready, occupied, a good option for investment & retail business startups |
| M3M Urbana | Retail-20,000-38,000 | Ready, occupied, highly appreciated property, very good for retail business startups |
| M3M Urbana Premium | Retail-12,000-22,000 Office-8,500-9,000 |
Under construction |
| AIPL Joy Street | Retail-14,000-25,000 Office-8,000-8,500 |
almost ready for possession, finest layout design property |
Advice
If construction/possession of the AIPL Joy Central shall be completed before the other commercial project of sector 65 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 65 Gurgaon to cater to shopping and entertainment needs for the residents of sector 65. And the AIPL Joy Central fulfills this required criterion.
It is better to go for without assured return payment plans. Prefer to choose, without assured return CLP (Construction Linked Plan) payment plan for investment.
Products & Developer
The AIPL Joy Central commercial project is under development by the AIPL (Advance India Projects Limited). This project Consists of commercial retail shops, Anchor Store, food courts, office space, Serviced Apartments, 12- screen Multiplex, and entertainment facilities, etc.
- Ground and First floors have high street retail shops with approx 230 retail outlets.
- The retail outlets shall be set around themed piazzas and courtyards. These piazzas and courtyards shall reflect a lively and carnival-like ambiance and have been designed as magnets to attract footfalls of shoppers and recreation seekers.
- Second Floor is dedicated for F&B – restaurants with spacious attached terraces, a world-class multi-cuisine food-court, cafe spaces, and an indoor fun zone.
- The GF, FF and SF levels are interconnected through escalators that are strategically located within the piazzas and courtyards. Additional connectivity is through lifts and staircases.
- The third floor shall have a 12-screen multiplex.
- Fifth to the Eleventh Floor shall have ‘Managed Serviced Apartments’ & ‘Furnished Office Suites’.
Builder Profile | Track Record
 |
|
| PREDECESSOR | Advance Indian Projects Limited |
| FOUNDED | 1997 |
| FOUNDERS | Gurdeep Singh, Rachpal Singh |
| KEY PEOPLE | Harpreet Kaur Gadh, Shabeg Singh, Harinder Singh, Jagdish Kaur, Jasvinder Singh Vohra, Daljeet Singh, Gurdeep Singh, Bala Krishna Pandey |
| COMPANY | PROMOTERS | AIPL |
| AREA SERVED | PAN India, Delhi ( NCR), Punjab, Rajasthan, and Maharashtra |
| PRODUCTS | Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail, Apartments |
| PROJECTS COMPLETED | Gurugram:- The Masterpiece | Delhi:- Okhla Industrial Estate Phase-3, | Noida:- Greenfort, | Amritsar:- The Celebration Mall, | Udaipur:- The Celebration Mall, | Gobindgarh:- Celebration Bazar |
| PROJECTS ONGOING | Gurugram:- AIPL Business Club, AIPL Joy Street, AIPL Joy Square, AIPL Joy Central, | Jalandhar: AIPL Joy City |
| PROJECTS UPCOMING | |
| DELIVERY TRACK RECORD | Good |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Quality construction & maintenance |
| RISK | Updating soon… |
| DEBT | Yes |
| LITIGATION | No case in the Indian courts |
| OFFICE ADDRESS | Registered Office The Masterpiece, Golf Course Road, Sector – 54, Gurugram – 122 002, Haryana Tel: +91 – 92111 60000 Fax: +91 – 92111 80000 Email: connect@aipl.com |
| BUILDER CATEGORY | GOLD |
The AIPL builder has a good market reputation in the real estate industry. He has successfully delivered several A-class residential and commercial projects in India. So the investor can invest in this project without any hassle.
Price | Lease Price | Price List
At present, AIPL Joy Central retail commercial shops available for sale and resale.
| FLOOR TYPE | CATEGORY | BSP | |||
| Ground Floor | Retail | 30K TO 33K | |||
| First Floor | Retail | 18K TO 20K | |||
| Second Floor | FLEA Market | 13100 | |||
| Food Courts | 1100 | ||||
| Restaurants | 13100 | ||||
| Third Floor | Multiplex | Not for Sale | |||
| Fourth Floor | Office | 10909 | |||
| * Other Charges Extra | |||||
| * Retail, Food Court & Flea Market:- 11% Assured Return Till Possession | |||||
| *Office Space : – 11% Assured Return Till Possession & 9.35% Return After Possession | |||||
The price is slightly high for investment.
Key Point
The AIPL Joy Central property is best suited if you are willing to hold your investment until completion/possession of the project. The investment of AIPL Joy Central can give excellent returns if this project completed on or before set time frame, or in the set time frame, or before other surrounding projects of sector 66 & sector 65 Gurugram.
Conclusion
The AIPL Joy Central is good for well established retail business groups and also for new business startups.
After completion, possession of the AIPL Joy Central Sector -65 Gurugram, investors may get a minimum 6% per annum return if this project complete in the set time frame.
CPR Ratings
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH
Prakash Pandey
It seems you’ve had a challenging experience with AIPL, and it’s important to express your concerns. Here’s a review based on the points you’ve highlighted:
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**Title: Cautionary Tale: My Experience with AIPL Builders**
As an investor and property owner with AIPL, my experience has been disappointing and frustrating, to say the least. Promised Assured Returns committed at the time of sale have not been honored by AIPL. Not only have they changed the terms of our agreement arbitrarily, but they’ve also made consistent attempts to delay or stop these payments altogether.
Moreover, despite boasting about their leasing expertise, AIPL has struggled to lease the shops effectively. This has resulted in them pressuring shop owners to agree to undervalued rentals, well below the prevailing market rates. Shockingly, even when AIPL receives monthly rents from tenants, they fail to pass on these rents to the rightful shop owners.
The situation is compounded by AIPL’s refusal to grant physical possession of the property, misusing the rights they were entrusted with. This lack of transparency and commitment has severely impacted the investment value over time, leaving existing investors deeply dissatisfied.
My advice to potential investors is to avoid dealings with AIPL. Insist on physical possession of freehold properties, steer clear of granting leasing rights, and seek feedback directly from shop owners, not just dealers who may have vested interests. Despite dealer promotions, the reality for existing investors has been nothing short of a loss of investment value and profound dissatisfaction.
In conclusion, exercise caution before investing with AIPL, as their actions have led to a substantial erosion of investment for many existing investors.
Prakash Pandey
I completely agree:
Review of AIPL Projects: Joy Gallery, Joy Central, Joy Street, and Joy Square
As an investor in one of AIPL’s projects, I feel compelled to share my experience and raise awareness about several critical issues that are affecting all investors across AIPL Joy Gallery, Joy Central, Joy Street, and Joy Square.
1. **Increased Maintenance Charges**: AIPL has recently increased the maintenance charges to Rs 15+ per square foot for non-air-conditioned retail buildings, which is exorbitant and unreasonable.
2. **Mall Management Society**: Despite forming a mall management society, AIPL has denied membership to the actual shop and office owners, which is highly unethical and raises questions about transparency and fairness.
3. **Surprise Charges**: Investors have been blindsided by several unexpected charges, including mall operations promotion charges, infrastructure augmentation charges, labor cess, and other undisclosed fees. This lack of transparency is deeply concerning.
4. **Denial of Leasing Rights and Physical Possession**: AIPL has been denying leasing rights and physical possession to investors. Moreover, the rental income collected from tenants is not being passed on to the shop owners, which is a breach of trust and contract.
5. **Lack of Leasing Efforts**: Despite retaining leasing rights, AIPL has shown no significant effort to lease the properties. This is evident as many prominent brands have avoided their properties, and reputable firms like JLL and CBRE are unwilling to work with AIPL due to their ongoing disputes with customers.
6. **Poor Market Reputation**: AIPL’s reputation in the market is tarnished, further affecting the potential for attracting quality tenants and securing rental income for investors.
In conclusion, the experience with AIPL has been fraught with challenges, from unfair financial practices to a lack of transparency and accountability. I urge potential investors to exercise caution and thoroughly research before committing to any projects with AIPL.