Omaxe Chowk is an investment paradise in Delhi-NCR

The lifecycle of malls is a unique phenomenon in the commercial real estate segment. Birth, growth, maturity and decline – malls are as prone to life forces as the rest of us. Every mall goes through its years of glory, after which it plateaus and then declines in both revenue and footfalls, as newer malls appear in the vicinity. In some cases, this cycle gets over in just a couple of years, causing investors to incur heavy losses on rentals as well as capital. Neighbourhoods of Noida and Gurgaon have been witnessing this phenomenon repeatedly in office spaces as well.

Oversupply in NCR is a result of the low real estate supply in the National Capital Delhi. However, with its gradual unlocking, more supply is being created in the organised retail market. As a result, the trend of commercial redevelopment is fast catching up in places like Chandni Chowk, where an organised commercial space is being created amidst a thriving marketplace. Both shoppers and businesses increasingly prefer cleaner and more hygienic shopping spaces while maintaining the essence and aesthetics of the place. In short, an old world charm in a modern set up. Omaxe Chowk in Chandni Chowk, one such example that is being developed in Public Private Partnership with North DMC, is a multi-level parking cum commercial project in Asia’s largest wholesale and retail hub Chandni Chowk.

Following are five strong reasons why Omaxe Chowk, Delhi can be a profitable proposition for investors looking for maximum ROI:

Location:

Chandni Chowk is visited by almost 5 – 6 lakh people daily and most for serious shopping. So, businesses already have a faithful footfall. With the said redevelopment, this number will go up substantially. A large number of tourists also visit Chandni Chowk in large numbers and now aided by the Delhi Metro, its connectivity has been further enhanced. As more and more unorganized markets are getting converted, shoppers and business have started moving into these organized, modern shopping destinations.

No future development:

There has been no commercial development in Chandni Chowk for centuries and the likelihood of any commercial development happening in the near future is also bleak. This means, there will be no upcoming organized commercial space in the vicinity of Omaxe Chowk and hence no possibility of cannibalization of either business or footfall. Omaxe Chowk gives businesses from across India an opportunity to establish themselves as a brand, by operating from within Asia’s largest wholesale and retail destination.

Maximum Capital Appreciation

Based on the rental and 6 – 8% yield in commercial properties, the current prices of property in NCR are overpriced and will continue to do so for the next 2-3 years. This means, not only will there be an issue with re-saleability of your shop/office space, but also with liquidity due to the lack of buyers. However, based on both present and future rental and yield analysis, the price of property will show greater appreciation and rentals, capital preservation and liquidity, in Omaxe Chowk.

Great Monthly Returns

Many investors have often been lured with promise of unrealistic returns. However, after possession, these promises of rentals fizzle out, as office spaces/malls are unable to attract businesses due to the presence of other newer malls and office spaces in the vicinity. However, Chandni Chowk is a paradise. The lack of organized space may have prevented businesses and brands from entering this market till date, but with Omaxe Chowk, not only is a next-gen market being created amidst massive demand, but it has also given an opportunity to businesses to cater to a captive visitor base that have been faithfully visiting Chandni Chowk for years for wedding & jewellery shopping, food and tourism. So the rentals on this property are assured and growth is also guaranteed, taking into consideration the above factors. Even measured with inflation, the return promises to be healthy.

Endeavour to make it the best Mall in Asia

The innumerable USPs of Omaxe Chowk coupled with the company’s endeavour to make it the best mall in Asia, where retailers’ sale contribute a certain percentage to India’s GDP, any investment in this futuristic destination will be profitable and safe.
Set to be completed in Q3 2022, Omaxe Chowk will also house India’s largest food court. Unlike other joints, the food court in Omaxe Chowk is sure to run to packed house throughout the day, due to the sheer number of expected footfalls. Being built with a tourism mindset, Omaxe Chowk will also contain 40-50 zones offering a guided tour of India’s rich architectural heritage. The endeavour is to create a destination where shoppers can enjoy and be entertained the entire day, rather than just shop for a couple of hours.

With Chandni Chowk set to become pedestrian-only precinct, all vehicles coming into Chandni Chowk will have to enter the multi-level parking at Omaxe Chowk, designed for 2100+ cars and 80+ tourist buses.

COVID-19 may have temporarily put investors in a ‘wait and watch’ mode, but considering the above reasons, retail outlets with a 2-3 year delivery horizon make places like Omaxe Chowk the best area to invest in Delhi NCR; and the rise in demand for Omaxe Chowk is only a testament to its growth and safety potential.