Frequently Asked Questions about Paras Avenue

Name: Paras Avenue
Brand: Ambit Buildwell Pvt Ltd
SKU: paras-avenue
Price: 1000000 INR
Availability: PreOrder
Rating: 3.4 (18 reviews)

Question 1

Is Noida commercial real estate a buyer or seller market in 2025?

Accepted Answer

2025 Noida commercial market shows selective opportunities - buyer market for over-supplied segments but seller market for well-located, ready-to-move properties. New launches like Paras Avenue face competition but benefit from infrastructure development and growing corporate presence in the region.

Question 2

What wellness facilities are provided?

Accepted Answer

The 3rd floor offers wellness zones including salon and spa facilities.

Question 3

What is the expected ROI?

Accepted Answer

The project offers attractive rental potential with IRR ranging from 9% (conservative) to 24% (aggressive) based on location and tenant mix.

Question 4

When was the project registered?

Accepted Answer

The project was registered on 22-10-2022.

Question 5

How does a 2-year delay affect the IRR of Paras Avenue?

Accepted Answer

A 2-year delay (completion in 2029 vs 2027) would reduce IRR by approximately 2-3 percentage points due to extended investment period and delayed rental income. However, the strong fundamentals and proven catchment may help recover through higher rental rates upon completion.

Question 6

What is the expected daily footfall once operational?

Accepted Answer

Based on documented catchment analysis: 7.9k daily footfall from 2km core radius, 17.9k from 5km extended radius, plus 8.5k-10k weekday boost from office workers at Advant Navis and other business parks, totaling 25k-28k peak daily footfall.

Question 7

How does proximity to Advant Navis Business Park impact shop demand?

Accepted Answer

Advant Navis houses 8.5k-10k office workers within 4km, providing significant weekday footfall for restaurants, cafes, services, and convenience retail. This corporate catchment ensures steady weekday demand complementing weekend residential footfall.

Question 8

What is the total area of the project?

Accepted Answer

The project covers 8,240 square meters of carpet area spread across 2.04 acres.

Question 9

What is the project duration?

Accepted Answer

The project duration is 59 months from the start date.

Question 10

What is the expected footfall?

Accepted Answer

The project expects approximately 17.9k daily footfall within a 5km radius, with an additional 8.5k-10k office workers from nearby business parks during weekdays.

Question 11

Where is Paras Avenue located?

Accepted Answer

Paras Avenue is strategically located at Plot No C3H1, Sector 129, Noida, directly on the Noida-Greater Noida Expressway.

Question 12

What are the key risk factors to consider for Paras Avenue?

Accepted Answer

Primary risks: 1) Paras Buildtech history of delays, 2) No assured rental returns, 3) Competition from multiple projects in same catchment, 4) Economic downturn affecting commercial real estate, 5) Oversupply risk in Noida expressway corridor.

Question 13

What is the nearest metro station?

Accepted Answer

The nearest metro station is Sector 142 Noida Metro Station (Aqua Line), approximately 29-minute walk or 3 km from the project.

Question 14

Why is IRR above 12% considered good in commercial real estate?

Accepted Answer

12%+ IRR beats inflation (6-7%), fixed deposits (7-8%), and equity markets (10-12% long-term average) while providing rental income. Commercial real estate IRR of 12-15% is attractive considering tax benefits, leverage possibilities, and inflation hedge characteristics.

Question 15

What entertainment options are available?

Accepted Answer

The project features a 5-screen multiplex with 750+ seating capacity, gaming zones, food courts, restaurants, and pub facilities.

Question 16

What is the floor-wise configuration?

Accepted Answer

Basement: Hypermarket, Ground-1st Floor: Retail Market, 2nd Floor: Active Zone (Gaming & Gym), 3rd Floor: Wellness Zone (Salon & Spa), 4th-5th Floor: Food Court & Multiplex, 6th Floor: Restaurant & Pub

Question 17

What is Paras Avenue?

Accepted Answer

Paras Avenue is a premium commercial high-street development by Paras Buildtech located in Sector 129, Noida, spread across 2.04 acres with G+6 structure offering retail shops, office spaces, food courts, multiplex, and entertainment zones.

Question 18

Paras Avenue vs M3M The Line: which offers better ROI?

Accepted Answer

M3M The Line offers 12% assured returns and earlier possession but higher entry cost (₹65.5L+). Paras Avenue offers competitive pricing and superior catchment analysis (17.9k vs 15-20k for M3M) but no assured returns. For risk-averse investors: M3M The Line. For value seekers betting on location fundamentals: Paras Avenue.

Question 19

What is the project cost?

Accepted Answer

The total project cost is ₹644.60 crores.

Question 20

What is the RERA registration number?

Accepted Answer

The RERA registration number is UPRERAPRJ297873.

Question 21

What is the payback period if I buy a retail shop in Paras Avenue?

Accepted Answer

Based on 6-8% rental yields and ₹25,000-30,000/sqft investment cost, payback period would be 12-16 years through rentals. However, capital appreciation and exit opportunities could reduce effective payback to 7-10 years.

Question 22

Are there nearby office complexes?

Accepted Answer

Yes, major office complexes include Advant Navis Business Park, HCL Noida SEZ, and corporate offices housing companies like KPMG, Adobe, and Samsung Engineering.

Question 23

When is the proposed completion date?

Accepted Answer

The proposed completion date is 08-09-2027.

Question 24

How many units are available in Paras Avenue?

Accepted Answer

The project offers 224 shops and 42 other commercial units, totaling 266 units across different floors.

Question 25

What is the pricing range?

Accepted Answer

Retail spaces start from ₹32 lacs with pricing ranging from ₹13,500 to ₹35,000 per square foot depending on floor and location.

Question 26

Is Paras Avenue overpriced compared to nearby commercial projects?

Accepted Answer

At ₹13,500-35,000/sqft, Paras Avenue is competitively priced vs Bhutani Avenue 133 (₹29,000/sqft ground floor) and below M3M The Line (₹31,000/sqft average). Considering the superior documented footfall analysis and expressway frontage, pricing appears justified.

Question 27

What is the structure configuration?

Accepted Answer

Paras Avenue features a G+6 structure with 19 floors in the office tower, offering various zones across different levels.

Question 28

What is the residential catchment?

Accepted Answer

The project is surrounded by 12 lakh+ residents within a 5 km radius, including major residential societies like Jaypee Wish Town, Paras Tierea, ATS Greens Village, and others.

Question 29

Should I invest in retail shops or office spaces at Paras Avenue?

Accepted Answer

Retail shops (ground/first floor): Higher rental yields (6-10%) but more management intensive. Office spaces: Lower yields (4-7%) but stable tenants, less frequent turnover. Ground floor retail offers best returns but requires active management. Choice depends on investor profile and involvement preference.

Question 30

How is the connectivity to major locations?

Accepted Answer

Mahamaya Flyover: 5 minutes, Greater Noida: 10 minutes, Sector 18 Noida: 10 minutes, DND Toll Plaza: 15 minutes, Akshardham Temple: 20 minutes, Connaught Place: 35 minutes

Question 31

Are there any airports nearby?

Accepted Answer

Hindon Airport Ghaziabad: 29 km, Upcoming Noida Airport: 55 km

Question 32

What are the payment options?

Accepted Answer

Details about payment plans and options can be obtained from authorized sales agents listed in RERA documentation.

Question 33

How many residential societies lie within 2 km of Paras Avenue?

Accepted Answer

Within 2km radius: Major Jaypee Wish Town clusters including Krescent Homes (~2,800 units), Kasa Isles (~1,500 units), Klassic (1,608 units), Kalypso Court (1,172 units), Garden Isles (~2,500 units), totaling ~14,620 flats representing ~36,550 adult residents.

Question 34

Is Paras Avenue suitable for short-term flipping or long-term rental play?

Accepted Answer

Given 2027 completion timeline and competitive market, this is primarily a long-term rental play. Short-term flipping opportunities may be limited until possession nears. The strong catchment analysis supports long-term rental income strategy.

Question 35

What is the difference between assured return and rental yield?

Accepted Answer

Assured return: Developer guarantees fixed returns regardless of actual rental performance, typically for 3-5 years. Rental yield: Actual rental income as percentage of investment, market-driven, can vary based on demand-supply and economic conditions. Paras Avenue offers no assured returns but strong rental potential.

Question 36

Who is the developer of Paras Avenue?

Accepted Answer

The project is developed by Ambit Buildwell Pvt Ltd (RERA ID: UPRERAPRM196073) under the Paras Buildtech brand.

Question 37

What is the IRR of Paras Avenue in base, conservative, and optimistic cases?

Accepted Answer

Conservative case: 9-10% IRR with slower leasing and delayed ramp-up. Base case: 13-14% IRR with normal absorption and ₹140/sqft rents by Year 3. Optimistic case: 18-19% IRR with faster leasing and ₹150-160/sqft rents by Year 2-3. Aggressive case: 22-24% IRR with premium anchor tenants.

Question 38

What is the expected rental per sq.ft. for retail space here?

Accepted Answer

Ground floor retail: ₹150-250/sqft/month based on location premium and footfall. Upper floors: ₹80-150/sqft/month. Food court spaces: ₹100-180/sqft/month. Basement hypermarket: ₹60-100/sqft/month. Rates may vary based on actual market performance post-completion.

Question 39

What are the unique features of Paras Avenue?

Accepted Answer

Only premium high-street with 5-screen multiplex near Noida Expressway, 19 ft clear height on ground floor retail spaces, three-side access ensuring high visibility, no vehicular movement on ground floor, 650+ parking slots, wide atrium providing great shop frontage

Question 40

When did construction commence?

Accepted Answer

The proposed start date is 01-11-2022.

Project	Builder	Distance	Status	Impact
SVG Galleria Sector 131 SVG Group	SVG Group	3 km	Under Construction	Low
Advant Navis Business Park Sector 142 Advant Group	Advant Group	4 km	Ready	Low
Gulshan One29 Sector 129 Gulshan Group	Gulshan Group	0.5 km	Ready	Very High
Bhutani Avenue 133 Sector 133 Bhutani Group	Bhutani Group	4 km	Under Construction	Medium
M3M The Line Sector 72 M3M Group	M3M Group	6 km	Under Construction	High

Unit Type	Floor	Area (sqft)	Price Range	Availability
Wellness Center	3rd Floor - Salon & Spa	500 - 2000	₹67.5L - ₹270L	available
Gaming Zone	2nd Floor - Active Zone	500 - 3000	₹67.5L - ₹405L	available
Retail Shop	Ground Floor	200 - 2000	₹70L - ₹700L	available
Retail Shop	Basement - Hypermarket	1000 - 10000	₹135L - ₹1350L	available
Food Court	4th & 5th Floor	300 - 1000	₹40.5L - ₹135L	available
Restaurant & Pub	6th Floor	1000 - 5000	₹135L - ₹675L	available
Anchor Store	Ground Floor Premium	5000 - 15000	₹1750L - ₹5250L	available
Retail Shop	First Floor	200 - 1500	₹47L - ₹352.5L	available
Office Space	Tower (7th-19th Floor)	500 - 5000	₹67.5L - ₹675L	available

Paras Avenue

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