As per Location
The ACE Medley Avenue Mall is situated on a 75-meter wide road of sector 150 Noida. It’s an approx 1-acre commercial project. The project is on the way of several high end urban rich residential group-housings of sector 150 Noida. The Ace Medley Avenue has a very small frontage.
The project is just walking distance from Noida Greater Noida Expressway. The project is properly visible and walkable. Overall ACE Medley Avenue is an approachable location commercial project.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | ACE Medley Avenue– UPRERAPRJ348653 |
| Launch/Start Date | 15-07-2019 |
| Possession Date (RERA) | September-2022 |
| Promoters Name | Logix Builders & Promoters Private Limited |
| Construction Stage | Ongoing |
| Architect Name | Vishal Sharma |
| Land Area | 1.28223 Acre |
| Construction Company | Logix Builders & Promoters Private Limited |
| Total Floors | |
| Total No of Parkings | |
| COVID-19 Lockdown Status | COVID-19, an event of ‘Force Majeure’. Completion date extended for 6 months for all projects expiring on or after 25.03.2020 by the Government. |
Fact Check
It is no doubt that ACE Medley Avenue is an approachable location project but the primary layout design of the retail space is very congested. Apart from some ground-floor retail shops all the other floors retail shops are worthless layout design. There are very small corridors on the upper floors and do not feel magnificent.
The project has single-point entry and exits which is also a drawback of this commercial project.
Maximum Mall or Mall type properties are not the good and safe investment options in Noida & Ghaziabad area. The maximum investors who invested in Mall type properties are in 99% loss.
ALSO READ: How to Double Your Money by Investing in Commercial Real Estate
Actually, the Malls which are up for sale get defective. Only those Malls are working fine which has at least 75% stake for lease otherwise all other Mall type properties are the investment of 99% loss. Only a few Malls are running fine in the Noida & Ghaziabad area such as Shipra Mall, DLF Mall Of India & GIP, etc. And all the above-said Malls has more than 75% stake for lease only.
More Details Updating Soon…
Commercial Real Estate Project Investment Criteria Table
| MUST REQUIRED FACTORS | ACTUAL FACTS-ACE MEDLEY AVENUE | GRADING |
| Urban Rich Gentry | High Class, Upper Middle Class, ATS, Ace, Godrej, Tata, Antriksh, Samridhi, Sethi etc | A1 |
| Connectivity | 08-Minute drive from- Pari Chowk. Nearest Metro Station 6Km (Sector 148) Airport-47Km (IGI Airport) |
A |
| Layout Design | Ordinary, Not very impressive | D |
| Multiple Entries | No | D |
| Visibility | Average | B |
| High-Density Population | Within walking distance, more than 20-thousand flats and an urban rich residential population of more than 60-thousand people can reside in upcoming years. | A1 |
| Youthful Footfall | Can comes from Knowledge Park-5 Greater Noida | B |
| Public Security | Police Station -15-Minute drive | A |
| Industrial/Institutional Area | Yes (Knowledge Park, Greater Noida) | A |
| Urban/Civic Facilities | Maximum facilities available | B |
| Developers Credibility | Good | B |
| Price Comparison | High Price | C |
| Competitors | A-few competitors | A |
| Expected ROI | 2% to 4% Annually | B |
VIDEO-ACE Medley Avenue
Advantages | Good Factors
ACE Medley Avenue is at the entry point of sector 150 Noida. here are more than 15-thousand flats and an urban rich residential population of more than 30-thousand peoples aspected to reside within 3-years and can denser more in upcoming years.
The ACE Medley Avenue is on the way of some prime residential group housings of sector 150 Noida such as ATS, TATA, Godrej, Prateek, Eldico, etc.
The project is very well connected with Noida Greater Noida Expressway. The project has proper parking spaces for visiting guests and stakeholders.
More Details Updating Soon…
Actual Site Photograph
Advice
The ACE Group has very strong marketing in the Delhi-NCR area. If you are an investor and have money in your bank/pocket to buy commercial property, don’t rely on marketing propaganda. However, things get changed drastically when you go to the market to sell anything or even the same property you bought thinking there is a huge demand for it, the same broker tells you, sir,, there is huge downfall and no buyer is in the market or tells you a rate you won’t afford to sell and bear huge loss. Moral of the paragraph is that don’t believe the builders marketing hype, do your own research or take help of an expert.
A point to be noted that according to our experience the investment in any retail commercial shop/project should be done only when its external structure is visible. Only just looking at the map or in the soft launch or pre-launch stage and investing in it is very risky.
Products & Developer
The ACE Medley Avenue Mall is under development by the ACE Group (Logix Builders & Promoters Private Limited). The project is consists of retail shops, office space, food courts & Multiplex, etc.
Builders Profile Track Record
 |
|
| PREDECESSOR | Crest Promoters Private Limited, Ace Infracity Developers Private Limited, Starcity Buildcon Private Limited |
| FOUNDED | 2012 |
| FOUNDERS | Ajay Kumar, Pratap Singh Rathi |
| KEY PEOPLE | Ajay Kumar, Pratap Singh Rathi |
| COMPANY | PROMOTERS | ACE |
| PRODUCTS | Apartments, Retail |
| AREA SERVED | Noida, Greater Noida |
| PROJECTS COMPLETED | None |
| PROJECTS ONGOING | Ace Medley Avenue |
| DELIVERY TRACK RECORD | On-time delivery |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | On-Time Delivery, Quality construction |
| RISK | No experience in commercial projects development & maintenance |
| DEBT | Yes |
| LITIGATION | No case in the Indian courts |
| OFFICE ADDRESS | Corporate Office: Ace Studio, Plot No – 01B, Sec-126, Noida Phone No +91 120-2487200/300/400/500 Email: info@acegroupindia.com |
| BUILDER CATEGORY |
SILVER |
The ACE group has a good market reputation in real estate Delhi-NCR. He has successfully handover several residential projects in Noida & Greater Noida.
Price | Lease Price
ACE Medley Avenue retail shops, office spaces, serviced apartments price starts at approx:-
| FLOOR | UNIT TYPE | PRICE (PSF) |
| Lower Ground | Retail Shop | Updating Soon |
| Ground Floor | Retail Shop | |
| First Floor | Retail Shop | 15500-16500 |
| Second Floor | Retail Shop | 12500-13500 |
| Third Floor | 12500-13500 | |
| Fourth Floor | ||
| Fifth Floor |
More Details Updating Soon
Conclusion
For commercial property investment in sector 150 Noida, it is better to find out some better layout design hi-street retail commercial projects of sector 150 Noida.
CPR Ratings
[Total: 22 Average: 2.5]
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.
Sam singh
I was trying to get into this project and it got sold out in few hrs time… High street 1st floor was like sold out by priority of around 30 only… Infact around 200 people went back with nothing.. Never seen such euphorbia for any property.. However as per admin review, property doesn’t seems worth..
Can any regular investor share some insight on that?
Dinkar
Hi Admin, Can you please provide the options available in sector 150 Noida. I dont find any other option except lotus broadwalk which is already shelved and no other commercial land available as per master plan of sector 150..