Review : Investment in Omaxe World Street, Sector 79, Faridabad, Loss or Profit

As per Location
Omaxe World Street, the commercial complex is situated in the main connecting road of sector 79 Faridabad. This retail commercial complex has wide frontage. The project is properly visible and walkable. So the location of the Omaxe World Street market is very impressive.

It is the only retail commercial complex for thousands of families of the Omaxe Royal Residency residential project. We can say that this is the best location market for the daily needs of nearby residential societies.

Possession | Construction Update

Construction Status	A half portion of Omaxe World Street is in the services since the year-2019.
Launch/Start Date	1-10-2018
Possession Date (RERA)	Complete Project- December-2021
RERA Registration No	Omaxe World Street- 114 OFF 2017 DATED 28.8.2017
Construction Stage	Ongoing Phase – 3 & 4
Construction Company	Omaxe Limited
Promoter Name	Robust Buildwell Private Limited
Land Area	50 Acre
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Advantages | Good Factors
The layout design of Omaxe World Street is very impressive. All the retail shops are perfectly designed for maximum visibility. This is the only high street market which caters  to Omaxe Royal Residency society and nearby residents of sector-79 Faridabad,

Omaxe World Street is a place where you can spend leisure time with shopping. There are wide corridors for walking and proper sitting arrangements. There are enough parking spaces in front of the commercial complex. Omaxe World Street is perfectly maintained.

Omaxe World Street has multiple entries and exits points. Multiple entries and exits points attract customer/visitors footfall quickly and provide maximum visibility/exposures to every retail area of the project. Which is also another approachable sign for investment in this project.

The Omaxe World Street is a place in Faridabad that is designed to become the center of its life where people love to work, shopping, hospitality & leisure time in without a second thought, always want to stay close to, navigate the region and sometimes even measure the entire city through it. It’s a photographic location in Faridabad. Its architecture makes you feel like you are in Europe.

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Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS	ACTUAL FACTS-OMAXE WORLD STREET	GRADING
Urban Rich Gentry	Middle Class, Lower Middle Class. Adjoined Omaxe Royal Residency	A
Connectivity	Properly connected with multiple public transportation facilities	B
Layout Design	Very Impressive, Highly visible retail.	A
Multiple Entries	Yes	A
Visibility	Eye-catching visibility	A
High-Density Population	No	B
Youthful Footfall	Several institute and college in close vicinity	B
Public Security	Police Station -a 15-Minute drive	A
Industrial/Institutional Area	within 3-Km	A
Urban/Civic Facilities	Maximum facilities available	B
Developers Credibility	Quality Construction & Maintenace. GOLD standard Developer	A
Price Comparison	Competitive Price	A
Competitors	A-few competitors	A
Expected ROI	5% to 6% Annually	A

 

Advice
The Omaxe World Streetcommercial complex is can be the right choice of investment for those who are looking for ROI in the next year or so. They may get a real appreciation of value for resale in a year.

Products & Developer
This commercial complex is under development by the Omaxe group. This commercial complex consists of retail shops and office space etc.

Builder Profile | Track Record

PREDECESSOR	Omaxe Limited
FOUNDED	1989
FOUNDERS	Rohtas Goel
KEY PEOPLE	Mohit Goel, Sudhangshu S. Biswal, Gurnam Singh, Devidas Kashinath Kamble
COMPANY | PROMOTERS	Omaxe
AREA SERVED	PAN INDIA:- Chandigarh, Faridabad, Indore, Greater Noida, Ludhiana, Noida, Lucknow, Jaipur, Sonipat, Vrindavan, Prayagraj, Ghaziabad, Amritsar, Delhi, Gurgaon
PRODUCTS	Apartments, Villas, Commercial offices, Shopping Malls, Retail, Hotels, Multiplex, Golf courses
PROJECTS COMPLETED	AMRITSAR:- Omaxe Value Mall, Omaxe Novelty Mall AGRA:- Omaxe SRK Mall BAHADURAGARH:- Omaxe Galleria, Omaxe City Gate DELHI:- Pearls Omaxe, Omaxe Square FARIDABAD:- World Street, Faridabad GURGAON:- Omaxe Celebrations Mall, Omaxe City Center, Omaxe Gurgaon Mall, GREATER NOIDA:- India Trade Center, Omaxe Palm Court, NRI City Center, Omaxe Arcade, Omaxe Connaught Place GHAZIABAD:- Omaxe Plaza Indirapuram JAIPUR:- Omaxe City Street Market, Shubhangan Street Market, Omaxe Central Market RC-7 LUCKNOW:- Omaxe Avenue, Omaxe Hazratganj LUDHIANA:- Omaxe Plaza, Omaxe Royal Arcade, Ludhiana PATIALA:- Omaxe Mall SONEPAT:- Omaxe City- Omaxe Plaza
PROJECTS ONGOING	Omaxe Chowk, Delhi Beacon Street, New Chandigarh Krishna Crest, Vrindavan Omaxe Hi Fun, Faridabad Royal Street, Faridabad Clockton High Street, New Chandigarh Holiday Inn, New Chandigarh India Trade Tower, New Chandigarh International Trade Tower, New Chandigarh
DELIVERY TRACK RECORD	Delay Possession
NET WORTH
STRENGTH
COMMITMENT	Quality Construction
RISK	Delay Possession, long wait
DEBT	Defaulter (The builder is in the defaulter list of Noida & Greater Noida Authority)
LITIGATION	Facing unfair trade practice charges in Indian courts
OFFICE ADDRESS	CORPORATE OFFICE Omaxe House, 7, LSC, Kalkaji, New Delhi – 110019 (India)
BUILDER CATEGORY	GOLD

The Omaxe builder has a good market reputation in the real estate industry. He has successfully delivered several residential and commercial projects in PAN India.

Price | Lease Price
Omaxe World Street retail shops, office space price starts at approx:-

UNIT TYPE	SIZE(Sq Ft)	PRICE (PSF)	LEASE PRICE (PSF)
Retail Shops	200-1000	8500-12,500	40-50
Office Space	200-1000	Updating soon

The price is reasonable for investment.

Conclusion
The Omaxe World Street commercial complex is good for retail business startups.
The investors and retail business startups may get a minimum of 6% per annum returns. And can grow more in the future.

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH