As per Location
The Brahma Adani Miracle Mile is located in the sector-60, Gurugram. The project is not exactly located on the Golf Course Extension Road. It is situated on the 60-meters wide main sector road of sector 60 Gurgaon.
Adani Miracle Mile is a 3-side open corner property with maximum visibility to passers from sector 60 and sector 62 residents. At present, the project is in a low-density population area.
The Adani Miracle Mile is right in the front of village Ullawas On which the project has most frontage. Overall the location is not very much impressive.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | Brahma Adani Miracle Mile- 327 OF 2017 Dated 23/10/2017 |
| Start/Launch Date | 21-08-2010 |
| Possession Date (RERA) | March-2022 |
| Construction Stage | Primary |
| Land Area | 2.000565 Acre |
| Number of Units/Shops | |
| Promoters Name | Brahma City Private Limited |
| Construction Company | |
| 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. |
Fact Check
Actually, sector 60-Gurgaon is a low-density population area, and low density is good for the living but not for commercial property investment. There are a few residential group housing projects such as IREO Skyon, Adani Brahma Samsara, Conscient Heritage One, etc.
Adjoined sector 63, and sector 61 is also low-density population area, and there are already several ready to move and advances stage under construction commercial projects such as Paras Trinity, BPTP Centra One, Era Casa Picasso, EMAAR-MGF Commerce Park. Which are creating commercial property investment competition at this location.
Actually, all the above said commercial projects are within 1-Km radios, and all the above-said projects creating investment competition at this location. After completion of possession, investors may face a very tuff competition for selling or leasing their retail shops, office space, serviced apartments, and other products at this location.
The Adani Miracle Mile even not get many benefits from the adjoined high-density population of sector 62 Gurgaon. Because there are already several good location commercial projects such as AIPL Business Club, Imperia Mindspace, Pioneer Urban Square, Pioneer Hi-Street, Splendor Epitome Work n Stay, etc is sufficient to cater to commercial services.
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.
The construction and possession of this project depend on the sale of shops/space, so the project may be the delay.
Adani Bramha-Miracle Mile Price & Developers Delivery Track Record Comparison With Other surrounding Nearby Commercial Projects
| PROJECTS NAME | PRICE (PSF) | POSSESSION/REMARKS |
| Adani Miracle Mile | 28,000-35,000 | March-2022, possession can be delay |
| Paras Trinity | Retail-15,000-35,000 Office-7,000-8,000 |
Ready, occupied |
| BPTP Centra One | Office-9,000-13,000 | Ready, occupied |
| Era Casa Picasso | ||
| EMAAR-MGF Commerce Park | Office-8,500 |
Commercial Real Estate Project Investment Criteria Table
| MUST REQUIRED FACTORS | ACTUAL FACTS-ADANI MIRACLE MILE | GRADING |
| Urban Rich Gentry | Middle Class, Within walking distance a few residential societies. such as IREO Skyon, Adani Brahma Samsara, Conscient Heritage One, etc. | B |
| Prime Location | GOLD | A |
| Connectivity | Limited | B |
| Layout Design | Not very impressive | B |
| Multiple Entries | Yes | A |
| Visibility | Properly visible | A |
| High-Density population | at present a few residential populations | B |
| Youthful Footfall | Yes | B |
| Public Security | Police Station -15-Minute Fire Station 15-Minute |
A |
| Industrial Area | Within 3-Km | A |
| Urban/Civic Facilities | Maximum facilities available | B |
| Developers Credibility | SILVER standard Developer | B |
| Price Comparison | High Price | C |
| Competitors | Several competitors within a radius of 1-KM | C |
| Expected ROI | May takes a very long time | C |
Advantages | Good Factors
The layout design of Adani Miracle Mile is design for maximum visibility. The project has a good elevation design. The project has multiple entries and exit points. All the ground floor retail shops are properly visible and walkable. Especially the road facing ground floor retail shops can give good returns.
The layout design of commercial office space is also very impressive. The office space is well furnished and designed to cater to every business.
Products & Developer
The Brahma Adani Miracle Mile is a joint development of Brahma and Adani Realty. The Brahma Adani Miracle Mile consists of commercial retail shops. Commercial office spaces, Food courts, 4-screen multiplex, and entertainment facilities, etc.
Builders Profile | Track Record
 |
|
| PREDECESSOR | Adani Group |
| FOUNDED | 1995 |
| FOUNDERS | Gautam Adani |
| KEY PEOPLE | Karan Gautam Adani, Pranav Vinod Adani |
| COMPANY | PROMOTERS | Adani Realty, Adani Properties Private Limited |
| PRODUCTS | Apartments, Commercial Offices, Shopping Malls, Hotels, Retail, Lesure & Hospitality |
| AREA SERVED | Gurgaon, Mumbai |
| PROJECTS COMPLETED | |
| PROJECTS ONGOING | Brahma Adani Miracle Mile |
| DELIVERY TRACK RECORD | Average |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Quality Construction, state of the art project, finest layout design |
| RISK | The developer is new in the field of commercial projects development & maintenance |
| DEBT | Updating soon |
| LITIGATION | No |
| OFFICE ADDRESS | Gurgaon Office Adani House, Plot no. 83, Institutional Area, Sector 32, Gurugram- 122001, NCR India, Phone: 1800 108 0009, eMail: info@adanirealty.com |
| BUILDER CATEGORY | SILVER |
Advice
The prices won’t very much hike at least for a couple of years because of the huge unsold commercial property on the Golf Course Extension Road sectors.
For a small investor, it’s better to go for small residential sector markets and visible/pickup road facing ground floor retail commercial shops in a high-density residential area. If anyone wants to invest in the Golf Course Extension Road commercial properties we advise prefer ready to move projects.
The Bramha Adani Miracle Mile is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts of early market appreciation, there may not be a real appreciation of value for resale in a year.
Price | Lease Price
Brahma Adani Miracle Mile retail shops & office space are available in sale and re-sale
| FLOOR | CATEGORY | PRICE (PSF) |
| Ground Floor | Retail | 28,000 To 35,000 |
| First Floor | Retail | Updating Soon |
| Second Floor | Retail | Updating Soon |
| Third Floor | Multiplex | |
| 5th & Above | Office Space | Updating Soon |
| Other Charges Extra* | ||
the price is high for investment.
Conclusion
The investment in Adani Miracle Mile may take a very long time to grow. So invest carefully.
CPR Ratings
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH.
