Advice:- Before investing in this project please check the dues of Noida Authority related to this/Project/Land/Company/Developer, and whether any dues are pending or any EMI is not up to date. If any dues are pending against this land, then the investment may be risky.
CPR Ratings
As per Location
The Trehan Iris Broadway (Iris Broadway Greno West) commercial property investment project (Retail Shops, Food Courts, Anchor Stores, Multiplex) is situated on the 130 Ft wide road of Buddha Chowk Greater Noida West.
Trehan Iris Broadway is just 500-meter away from the famous Kisan Chowk of Greater Noida West. The project is just a 10-minutes drive from Knowledge Park-5, and just walking distance from several high rise residential societies of Greater Noida West such as Cherry County, Supertech Eco Village, RG Residency, Ajnara Home, etc. So can say that the Trehan Iris Broadway is an approachable location project.
Possession | Construction Update
| Construction Status | Under Construction |
| RERA Registration No | UPRERAPRJ673874 |
| Start/Launch Date | 12-05-2022 |
| Possession Date | June-2026 (18-06-2026) |
| Total Land Area | 3.4 Acre |
| Promoter Name | Ruvik Build-Tech Private Limited |
| Architect Name | Amit Kumar |
| Construction Stage | Primary |
| Construction Company | TS Realtch Private Limited |
| Live Updates |
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Fact Check
At present time the Kisan Chowk and Buddha Chowk of the Noida Extension have oversupplied commercial projects/properties. This location already crosses the limit of commercial property investment. Actually, at this location, there is no need for any new commercial property investment projects at this time.
At this location, there are more than 15 mega Mall type commercial projects already under construction within a radius of 500-meter, such as Gaur City Centre, Gaur City Mall, ATS Kabana High, Galaxy Diamond Plaza, Boulevard Walk Mall, Galaxy Blue Sapphire Plaza, Aims Central Plaza, Gaur World Street Mall, Mahagun Marina Walk, IDI London Mart, Apex Square, PKS Town Central, Fusion Ufairia, Saya South-X, NX-One, Ocean Golden-i, Artha Mart, etc.
There is a very big gap in demand and supply. The supply is very high in comparison to demand. All the above said commercial property investment projects are creating investment competition at this location. So in the future investors may face very tuff competition in leasing and selling their retail shops and office spaces, studio apartments, serviced apartments in all the above said commercial projects.
What is really happening nowadays? residential property is no longer a favourite for investment. Now the builders are trying to pull the investor’s hard-earned money in the name of investment and growth in oversupplied commercial real estate projects by creating the hype. Be careful. Our Advice, for investment, choose the project which will give possession first at this location of Kisan Chowk & Buddha Chowk of Greater Noida West. Avoid completely, new launch/delay commercial property investment projects.
We strongly advise avoiding a completely new launch, soft launch, and primary stage under construction commercial property investment projects of the Kisan Chowk & Buddha Chowk of Greater Noida West.
The Maximum Mall or Mall type properties are not good and safe investment options in the Ghaziabad, Noida, and Greater Noida areas. The maximum number of investors who invested in Mall type properties are in loss.
Actually, only a few Malls are running fine in Ghaziabad, Noida, and the Greater Noida area such as Shipra Mall, DLF Mall of India, etc otherwise all other Mall types of properties are the investment of loss.
MORE UPDATING SOON…
Commercial Real Estate Project Investment Criteria Table
| MUST REQUIRED FACTORS | ACTUAL FACTS-TREHAN IRIS BROADWAY | GRADING |
| Urban Rich Gentry | Middle Class. Supertech, Ajnara, Radha Sky Garden, etc | B |
| Connectivity | A 5-Minute drive from- NH-24, Sector 121 Noida 10-Minute drive from- Sector-79, 76,117,120, & sector 121 of Central Noida. Nearest Metro Station 15-Minutes (Sector 52) Domestic Airport-23Km (Hindon Airport) Ghaziabad Railway Station-16Km |
A |
| Layout Design | Good, Properly visible retail | B |
| Multiple Entries | No | C |
| Visibility | Properly visible, property | A |
| High-Density population | Within a 500-Meter radius more than 20-Thousand Flats and 60-thousand people and can denser more in upcoming years. | A |
| Youthful Footfall | No Higher education Institutes | B |
| Public Security | Mahila Thana-Ecotech-3, 10-Minute Police Station -10-Minute Fire Station 10-Minute |
A |
| Industrial Area | Within 2-Km, Ecotech-3, 4, 11, 12 | A |
| Urban/Civic Facilities | Maximum facilities available | B |
| Developers Credibility | ||
| Price Comparison | Higher price in comparison to surrounding commercial projects | B |
| Competitors | Within 500-meter radius more than 15 mega commercial projects. Oversupplied commercial location | C |
| Expected ROI | May takes a long time | C |
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Advice
For a small investor, it’s better to go for small residential societies/sector markets of Noida Extension and visible/pickup roads facing ground floor retail commercial shops.
If anyone wants to invest in this location of Noida Extension (Kisan Chowk & Buddha Chowk) commercial properties we advise prefer advanced stage construction projects or ready-to-move projects. We strongly advise avoiding soft launch/pre-launch/new launch/primary stage under-construction projects of this location completely.
The commercial project which will give possession first at this location of Kisan Chowk & Buddha Chowk of the Greater Noida West can give better returns in compression of other commercial projects of this location. Our investment’s better growth depends on possession first. At present, there is no ready move Mall type property/project available in this location of Noida Extension.
A point to be noted is that according to our experience that 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 of any retail commercial project and investing in may be very risky
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of years. The prices won’t be very much like at least for a couple of years because of the huge unsold commercial properties available at this location of Kisan Chowk & Buddha Chowk Noida Extension. MORE UPDATING SOON…
Key Point
This is really very strange, that there are more than 50 screens/Multiplex proposed at this location of Kisan Chowk & Buddha Chowk of Greater Noida West. Can’t Understand the logic behind 50-Screen/Multiplex for an under-developing locality. While if I compare this location to Indirapuram, where only three malls and approx 12-screens. While the Indirapuram is a high-density population area.
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Products & Developer
Trehan Iris Broadway is under development by the Trehan Promoters And Builders Private Limited. It’s a Mall type of commercial property. The project is consists of retail shops, food courts, Office Space, 5-screen multiplex, and entertainment facilities, etc.
Builders Profile | Track Record
| PREDECESSOR | Trehan Promoters And Builders Private Limited |
| FOUNDED | 1994 |
| FOUNDERS | |
| KEY PEOPLE | Abhishek Trehan, Aman Trehan |
| COMPANY | PROMOTERS | Trehan Promoters And Builders |
| PRODUCTS | Residential Apartments Commercial Offices, Retail Shops, Shopping Mall |
| AREA SERVED | Gurgaon, Greater Noida West |
| PROJECTS COMPLETED | Trehan Iris Broadway Sector 85 Gurgaon |
| PROJECTS ONGOING | Trehan Iris Broadway |
| DELIVERY TRACK RECORD | Average |
| NET WORTH | |
| STRENGTH | |
| COMMITMENT | Updating Soon… |
| RISK | Updating soon… |
| DEBT | Yes |
| LITIGATION | Updating Soon… |
| OFFICE ADDRESS | 52, Tower A, The Corenthum, Sector – 62, Noida |
| BUILDER CATEGORY |
SILVER |
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Trehan Iris Broadway, Price, Delivery Track Record Comparison With Other surrounding Commercial Projects Of Noida Extension
| PROJECT NAME | PRICE (PSF) | POSSESSION RECORD |
| Trehan Iris Broadway | ||
| Saya South X | Retail-₹26,500 | The first mega commercial project, possession in September 2023 |
| Grandthum | Office-₹5,250 Retail-₹27,990 |
June-2023 |
| NX-ONE | Office-₹5,149 Retail-₹17,990 |
Delay, possession date revised several times, now December-2024 |
| Gaur City Center | Office- Retail-₹25,900 |
Delay, possession date revised several times, now January-2024 |
| ATS Kabana High | Office-₹6,000 Retail-₹25,000 |
First mega commercial project by this builder, possession May-2026 |
| Galaxy Diamond Plaza | Office-₹6,490 Retail-₹24,000 |
Delay, possession date revised several times, now September-2020 |
| BW Walk Mall | Office-₹6,483 Retail- |
Delay, possession date revised several times, RERA date has been passed. still no progress. |
| Galaxy Blue Sapphire Plaza | Office-₹6,499 Retail-₹26,000 |
Delay, possession date revised several times, RERA date has been passed. Now the revised RERA date is July-2021 (Now ready to move in 2022) |
| AIMS Central Plaza | Retail-₹23,000 | March-2021 |
| Gaur World Street | Retail-₹25,900 | March-2027 |
| Mahagun Marina Walk | Office-₹5,990 Retail-₹28,000 |
December-2025 |
| London Mart | Office- Retail-₹19,990 |
Delay, possession date revised several times, now phase-1 July-2022 |
| Apex Park Square | Retail-₹24,900 | The first mega commercial project, May 2022, possession date revised. |
| PKS Town Central | Retail-₹26,000-30,000 | Delay, possession date revised several times, Now Phase-1 August-2022, Phase-2 August-2023, Phase-3 August-2024 |
| Ufairia Mall | Retail-₹16,00-20,000 | Delay, possession date revised several times, now December-2024 |
| Ocean Golden i | Updating | Delay, possession date revised several times, now June-2022 |
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Price Appreciation Track Table Trehan Iris Broadway
| YEAR | PRICE (PSF) | APPRECIATION/REMARKS |
| November-2021 | Lower Ground-₹ Ground Floor-₹ First Floor-₹ Second Floor- Kiosks- |
Launching Price |
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Conclusion
Oversupply kills the growth of our investment. What is really happening nowadays? the residential property is no longer a favorite for investment. Now the builders are trying to pull the investor’s hard-earned money in the name of investment and growth in oversupplied commercial real estate projects by creating the hype. Be careful. Our Advice, for investment, choose the project which will give possession first at this location of Kisan Chowk & Buddha Chowk of Greater Noida West.
MORE UPDATING SOON…
CPR Ratings
The article is in the process of updating, friends if you have any suggestions please write in the comment box.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.
Sudhanshu Agarwal
Good information, thanks team CPR for such a knowledgeable blog. Stay blessed and keep up the good work.