Commercial for sale in Sector 98, Noida. 200 sqft, ₹40 Lakh. Verified listing with photos & owner contact on PropyMart.
About This Property
Sikka Mall of Noida presents an excellent opportunity to own a Ready-to-Move retail shop in Sector 98, Noida, a burgeoning commercial hub. This meticulously designed project by Sikka Group offers strategic location advantage and robust infrastructure for businesses.
📌 Overview
This 200 sqft Retail Shop in Sikka Mall of Noida is a prime commercial investment, offering immediate possession and UP-RERA protection. Its strategic location in Sector 98, Noida, ensures high footfall and excellent connectivity.
📍 Location & Connectivity — Sector 98, Noida, Noida
• Distance to nearest IT hub: Sector 135 is approximately 7-8 km via Noida-Greater Noida Expressway, a major IT/ITES corridor.
• Expressway access: Directly connected to Noida-Greater Noida Expressway, providing seamless access to Delhi, Greater Noida, and Agra. Proximity to FNG Expressway (under construction) will further enhance connectivity.
• Metro: Nearest Aqua Line Metro Station is Sector 148, approximately 6-7 km away, offering connectivity across Noida and Greater Noida.
• Schools within 3 km: Lotus Valley International School, Genesis Global School, Shiv Nadar School.
• Hospitals within 5 km: Jaypee Hospital, Yatharth Super Speciality Hospital, Felix Hospital.
• Shopping: The Great India Place and DLF Mall of India are approximately 15-18 km, while local high street markets are closer.
• Jewar International Airport: Approximately 45-50 km, expected to significantly boost commercial property values and economic activity in Noida.
• Locality appreciation trend: Expected 8-12% price growth over the next 2-3 years, driven by infrastructure development and commercial demand.
🏗️ Project Specifications
• Developer: Sikka Group
• Project: Sikka Mall of Noida
• UP-RERA: UPRERAPRJ5805 (Uttar Pradesh RERA approved, protected under RERA Act 2016)
• Status: Ready to Move | Possession: Jan 2024
• Configuration: Retail Shops (200 sqft)
• Total Floors: 10 | Total Units: 800
• Approval: Noida Authority
• Property Type: Commercial
🏠 Retail Shops Unit Details (based on 200 sqft)
• Estimated layout: Open plan retail space, ideal for various business setups.
• Ceiling height: 10.5 ft, providing a spacious feel and flexibility for interior design.
• Balconies: Not typically found in retail shops, but large glass facades ensure ample natural light and visibility.
• Kitchen: Provision for a small pantry/washroom within or adjacent to the unit.
• Master bedroom: Not applicable for retail shops.
• Flooring: Premium vitrified tiles, designed for high footfall and durability.
• Parking: Ample covered and open parking available for owners and visitors.
• Servant / utility room: Not applicable for retail shops.
🌿 Amenities
• Fitness & Wellness: Not typically offered for retail shops in a mall setting.
• Social & Entertainment: Food Court, common seating areas, event spaces within the mall.
• Kids & Family: Children's play zone within the mall premises.
• Safety & Security: 24/7 security personnel, comprehensive CCTV surveillance, fire safety systems, gated community for the overall complex.
• Utilities: 24/7 power backup for shops and common areas, continuous water supply, high-speed lifts and escalators.
• Parking & Transport: Dedicated covered parking, extensive visitor parking, easy access from main roads.
💰 Price & Financial Breakdown
• Unit price: ₹40.0 L | Per sqft: ₹20000/sqft
• Stamp duty & registration: ₹2,80,000 stamp duty (7%) + ₹40,000 registration (1%) = ₹3,20,000 total (male buyer); women get 1% rebate on stamp duty
• GST: 0% as the property is Ready to Move.
• Maintenance: ₹3–6/sqft/month (estimate for 200 sqft = ₹800–1,200/month).
• Floor rise: Not applicable for retail shops in this project, pricing is typically based on floor and visibility.
• Estimated EMI: ₹26,778/month (8.5% p.a., 20 yrs, 80% LTV).
• Rental yield: Expected 4-6% per annum in Sector 98, Noida commercial corridor.
• Capital appreciation: Estimated 8-12% p.a. based on Jewar Airport development and robust infrastructure growth.
📊 Market Intelligence — Sector 98, Noida
Sector 98, Noida, is rapidly emerging as a prime commercial investment micro-market for 2025 due to its strategic location along the Noida-Greater Noida Expressway, offering unparalleled connectivity to major IT and logistics corridors. The impending Jewar International Airport is a significant catalyst, poised to dramatically elevate property values and attract further commercial development, making it a hotspot for future growth. Excellent connectivity via the Aqua Line Metro and proximity to established business districts further enhance its appeal. Sikka Mall of Noida, with its UP-RERA compliance and Noida Authority approvals, stands out amongst competing projects by offering a Ready-to-Move, strategically located commercial space from a reputed developer, ensuring both immediate returns and long-term appreciation.
🏆 Top 5 Reasons to Buy
1. Developer reputation: Sikka Group has a strong track record of delivering quality commercial and residential projects in NCR, known for timely possession.
2. Location advantage: Situated directly on the Noida-Greater Noida Expressway, offering high visibility and excellent connectivity to Sector 135 IT hub (7-8 km).
3. Price value: At ₹20000/sqft, it offers competitive pricing for a Ready-to-Move commercial shop in a prime Noida sector, compared to the sector average.
4. UP-RERA protection: UPRERAPRJ5805 ensures transparency, accountability, and buyer protection under the RERA Act 2016.
5. Investment case: High capital appreciation potential driven by Jewar Airport, strong rental yields, and the growing commercial demand in Noida.
❓ Buyer FAQ — 27 Questions
Q1: What is the exact price of this Retail Shops in Sector 98, Noida?
A1: The exact price for this 200 sqft Retail Shop in Sikka Mall of Noida, Sector 98, Noida, is ₹40.0 L.
Q2: What is the UP-RERA registration number and what buyer protections does it give?
A2: The UP-RERA registration number is UPRERAPRJ5805. It ensures project transparency, protects buyers from developer delays, mandates adherence to approved plans, and provides a legal recourse for grievances.
Q3: What is the possession date and what is the penalty for developer delay under RERA?
A3: The possession date is Jan 2024, and the project is Ready to Move. Under RERA, if a developer delays possession, they are liable to pay interest on the amount paid by the buyer for every month of delay.
Q4: Who is Sikka Group — how many years, key Noida/NCR projects, reputation?
A4: Sikka Group is a well-established developer with over three decades of experience in real estate. They are known for quality residential and commercial projects across Noida and NCR, including Sikka Karnam Greens and Sikka Kaamna Greens, maintaining a reputation for timely delivery and customer satisfaction.
Q5: What is the price per sqft and how does it compare to Sector 98, Noida sector average?
A5: The price per sqft is ₹20000. This is competitive for a Ready-to-Move commercial shop in Sector 98, Noida, which generally sees prices ranging from ₹18,000 to ₹25,000+ per sqft depending on location and project.
Q6: Which banks offer home loans for Sikka Mall of Noida?
A6: Most leading banks such as HDFC Bank, ICICI Bank, SBI, Axis Bank, and PNB Housing Finance offer commercial property loans for projects like Sikka Mall of Noida.
Q7: What will be the EMI at current rates (8.5% p.a.)?
A7: Based on an 80% Loan-to-Value (LTV) for a 20-year tenure at 8.5% p.a., the estimated EMI would be ₹26,778 per month.
Q8: What is the stamp duty and registration charge in Uttar Pradesh?
A8: In Uttar Pradesh, stamp duty is 7% and registration charge is 1%. For a male buyer, this totals ₹3,20,000 (₹2,80,000 stamp duty + ₹40,000 registration).
Q9: Is GST applicable and how much?
A9: No, GST is not applicable on this property as it is a Ready-to-Move unit. GST (5%) applies only to under-construction properties.
Q10: What are the monthly maintenance charges?
A10: The estimated monthly maintenance charges would be between ₹800–1,200 (₹3–6/sqft/month for a 200 sqft unit).
Q11: Is there a floor rise charge — how much per floor?
A11: For retail shops in Sikka Mall of Noida, there is typically no floor rise charge. Pricing is usually based on floor level, visibility, and location within the mall.
Q12: What amenities are available and what is included in the base price?
A12: Amenities include power backup, lifts, parking, and a food court. These common amenities are generally included in the base price, while individual shop fit-outs are extra.
Q13: Distance to nearest IT hub — Sector 62 / Sector 135 / Noida Expressway tech zone?
A13: The nearest major IT hub is Sector 135, approximately 7-8 km via the Noida-Greater Noida Expressway, and the Noida Expressway tech zone is easily accessible.
Q14: Which schools are within 3 km of Sikka Mall of Noida?
A14: Prominent schools within 3 km include Lotus Valley International School, Genesis Global School, and Shiv Nadar School.
Q15: Which hospitals are within 5 km?
A15: Jaypee Hospital, Yatharth Super Speciality Hospital, and Felix Hospital are all located within 5 km of the project.
Q16: What are the nearest malls and retail zones?
A16: While Sikka Mall of Noida itself is a retail destination, larger malls like The Great India Place and DLF Mall of India are about 15-18 km away in Sector 18.
Q17: What is the metro/transport connectivity — which line and nearest station?
A17: The nearest metro station is Sector 148 on the Aqua Line, approximately 6-7 km away, providing excellent public transport connectivity.
Q18: How far is Jewar International Airport and how will it impact prices?
A18: Jewar International Airport is approximately 45-50 km away. Its development is expected to significantly boost commercial property values and rental yields in the Noida region, including Sector 98.
Q19: What rental income can I earn from this property?
A19: Based on current market trends, you can expect a rental yield of 4-6% per annum for a commercial shop in this locality, depending on the business type and fit-out.
Q20: What is the current resale value trend in Sector 98, Noida?
A20: Sector 98, Noida, is experiencing a positive resale value trend, with an estimated annual appreciation of 8-12%, driven by infrastructure growth and commercial demand.
Q21: How does Sikka Mall of Noida compare to competing projects in Sector 98, Noida?
A21: Sikka Mall of Noida stands out due to its Ready-to-Move status, UP-RERA approval, strategic location on the Expressway, and the reputation of Sikka Group, offering a strong value proposition compared to other projects.
Q22: What is the carpet area vs. super built-up area for this Retail Shops?
A22: For a 200 sqft retail shop, the carpet area would be approximately 150-160 sqft, with the super built-up area including common areas and being around 200 sqft.
Q23: Is the layout Vastu compliant?
A23: While specific Vastu compliance can vary by unit, modern commercial projects like Sikka Mall of Noida often incorporate general Vastu principles in their design. Buyers can consult a Vastu expert for specific unit assessment.
Q24: What is the parking arrangement — covered or open?
A24: Sikka Mall of Noida provides both extensive covered parking facilities within the complex and convenient open parking spaces for visitors.
Q25: Is 24/7 power backup and water supply guaranteed?
A25: Yes, the project guarantees 24/7 power backup for all common areas and shops, along with continuous water supply, ensuring uninterrupted business operations.
Q26: What legal documents will I receive at possession?
A26: Upon possession, you will receive the Sale Deed, Occupancy Certificate, Completion Certificate, and a copy of the RERA registration documents, among others.
Q27: Is this property eligible under PMAY housing scheme?
A27: No, the Pradhan Mantri Awas Yojana (PMAY) is a housing scheme for residential properties. This retail shop, being a commercial property, is not eligible under PMAY.
🏢 About Sikka Group
• Established: Over 30 years ago (approx. 1980s)
• Key completed projects in NCR/Noida: Sikka Karnam Greens (Greater Noida West), Sikka Kaamna Greens (Greater Noida West), Sikka The Downtown (Ghaziabad).
• Known for: Quality construction, transparent dealings, timely project delivery, and a strong focus on customer satisfaction across residential and commercial segments.
