Spaze Tristaar

Strengths

• Located on 84-meter wide road in Sector 92 with frontage of over 600 feet
• Adjacent to large residential townships (e.g., Sare Homes) and near NH-8, Dwarka Highway, Pataudi Road
• Sector 92 has seen significant residential development around it, which could support footfall for commercial component

Risks

• MAJOR DISCREPANCY: User describes this as a completed Jan 2007 residential project, but virtually all search results identify Spaze Tristaar as a commercial retail/mall project (Grand Mart, shops, multiplex) that was under construction with repeated possession delays as of 2018-2019. RERA status appears confused/expired per 2018 reports.
• Possession delays are documented: commercialproperty.review (Sep 2018) explicitly states 'Possession date revised several times, RERA expired, still under construction.'
• Investormart lists contradictory status as 'Ready To Move' with possession in 2020, while other sources say 'Coming Soon' or '2-2.5 years' from 2019. This indicates poor transparency or data inconsistency.
• No verifiable evidence found of a residential apartment inventory completed in 2007 at the ₹20-30 lakh price point. Either the project details provided are incorrect, or information is too scarce to confirm.
• Sector 92 infrastructure remains a work-in-progress; some sources note it may take years to fully develop.
• Oversupply risk in commercial retail space in New Gurgaon sector cluster.

Our read

Location:

Sector 92, New Gurgaon is a developing corridor with reasonable connectivity to NH-8, Pataudi Road, and IGI Airport (~20 mins claimed). It is surrounded by multiple group housing projects. However, it is still an emerging area with incomplete social infrastructure and reliant on future development for capital appreciation.

Price:

At ₹20-30 lakh, if this were a genuine ready residential unit, it would be extremely low-priced for Gurugram, suggesting either very small studio format, dated inventory, or misinformation. For the commercial units that are actually marketed under this name, pricing is in line with 2018-2019 retail shop rates but delivery remains uncertain.

Buyer fit:

Cannot confidently recommend for residential buyers based on available evidence. If the buyer is seeking a home, the project identity and completion status are too unclear. If the buyer is an investor seeking commercial retail, this is a high-risk, delayed project with stale marketing data and questionable RERA compliance history.

Market read

Price trend:

Search results predominantly show Spaze Tristaar as a commercial retail project (shops/Grand Mart) priced ₹14-30 lakh for retail units, not residential apartments. No verifiable residential price trend data found for a completed 2007 project. Commercial sources from 2018-2019 quoted ₹8,000-15,000/sqft for retail shops.

Rental yield:

No reliable rental yield data found for residential units. Commercial marketing claimed 8% ROI and assured rental of ₹75-120/sqft for retail shops, but these are unverified developer promises from 2018-2019.

Demand:

Sector 92 is described as a developing area with multiple surrounding residential townships (Sare Homes, DLF Garden City, etc.), implying potential demand for commercial retail. Residential demand for the project itself could not be verified.

Resale:

No specific resale transaction data or liquidity metrics found for Spaze Tristaar. Oversupply of commercial retail and delayed deliveries in Sector 92 may constrain resale liquidity.

In the news

• Spaze Tristaar: Possession date revised several times, RERA expired, still under construction

  Comparison of Sector 92 commercial projects noted that Spaze Tristaar had its possession date revised multiple times, its RERA had expired, and it remained under construction at the time of the report. Price range was ₹8,000-15,000 per sq ft. — Commercial Property Review, 2018-09-20

• Spaze Tristaar Grand Mart Sector 92 - Possession Soon

  Marketing material for Spaze Tristaar positioned it as a commercial hub with retail shops, food court, and a 5-screen PVR multiplex. Ground floor shops priced at ₹15,250/sqft. Promised possession within 2-2.5 years from circa-2019. Construction was described as 'in full swing'. — Realistic One / Property XPO, 2019 (archived content)