ONYX by Splendor is a premium mixed-use commercial development by Splendor Group, designed to meet the evolving demands of NCR’s commercial real estate market. Located in Sector 142, Noida Expressway and registered under RERA (UPRERAPRJ920006/03/2024), the project integrates office spaces, high-street retail shops, and business suites into a single, well-planned ecosystem. From an investment standpoint, ONYX is positioned as a long-term commercial asset driven by location relevance, asset diversification, and leasing potential.

Project Overview & Configuration

ONYX is planned across approximately 10 acres with three high-rise towers, structured to support multiple commercial use cases. The development emphasizes efficient layouts, visibility, and accessibility—three core factors that directly influence leasing performance and asset appreciation.

• Project Type: Mixed-use commercial
• Components: Office Spaces, Retail Shops, Business Suites
• Unit Sizes: ~300 sq.ft. to 5000 sq.ft.
• Project Status: Under construction

This configuration allows investors to choose assets based on budget, risk appetite, and return expectations.

Price Analysis & Investment Entry

From a pricing perspective, ONYX offers tiered entry points, making it accessible across different investor segments:

• Retail Shops: ₹24 Lakh onwards
• Office Spaces: ₹45 Lakh onwards
• Business Suites: ₹70 Lakh onwards

The pricing aligns with early-to-mid stage commercial developments in Noida’s expressway corridor. For investors, this phase typically represents a value acquisition window, where capital appreciation potential is higher over the project lifecycle. NYX by Splendor Sector 142 Noida

Retail Shops – Demand-Driven Asset Class

Retail units at ONYX follow a high-street commercial format, which is widely considered one of the most liquid and visible retail models in urban markets.

Why Retail Works Here (Expert View):

• Retail demand is directly linked to footfall density
• Office ecosystems naturally generate daily consumer traffic
• High visibility increases brand conversion rates

Use Cases:
Cafés, quick-service restaurants (QSRs), salons, pharmacies, convenience stores, and franchise outlets

Investment Perspective:
Retail assets typically offer higher rental yields compared to office spaces, especially when supported by a strong working population within the project.

Office Spaces – Core Income-Generating Segment

Office spaces form the backbone of commercial leasing. At ONYX, these units are designed with flexible layouts, allowing businesses to scale operations without relocation.

Market Insight:

• Noida Expressway has emerged as a preferred IT/ITeS corridor
• Demand is driven by startups, mid-sized firms, and outsourcing companies
• Leasing cycles in such zones tend to be stable and recurring

Investor Advantage:

• Predictable rental income
• Longer lease tenures
• Lower vacancy risk (in established corridors)

Business Suites – Flexible & Emerging Investment Model

Business suites represent a hybrid commercial asset, combining elements of workspace and short-term occupancy.

Why This Segment Matters:

• Growing demand for flexible work environments
• Suitable for consultants, freelancers, and small businesses
• Can be positioned for higher per sq.ft. rental returns

From an investor’s lens, business suites offer yield optimization, especially when managed efficiently.

Infrastructure & Operational Efficiency

A commercial asset’s success is heavily dependent on its infrastructure. ONYX incorporates key elements required for long-term usability:

• High-speed elevators and escalators
• 24×7 security with surveillance systems
• 100% power backup
• Multi-level parking infrastructure
• Wide corridors and movement planning
• Dedicated retail and food zones

These features are not just amenities—they directly impact tenant satisfaction, retention, and rental value.

Investment Evaluation (E-E-A-T Perspective)

1. Rental Yield Potential

Based on comparable commercial developments in Noida, mixed-use projects like ONYX typically generate 6%–10% rental yields, depending on asset type and leasing quality.

2. Capital Appreciation Drivers

• Infrastructure growth along Noida Expressway
• Expansion of corporate and IT hubs
• Increasing demand for organized commercial spaces

3. Risk Assessment

• Under-construction phase requires holding capacity
• Returns are dependent on occupancy and leasing efficiency
• Market cycles may influence short-term appreciation

4. Portfolio Diversification

ONYX offers three asset classes within one project, enabling investors to balance risk and returns without spreading capital across multiple developments.

Who Should Consider ONYX?

• Investors targeting long-term capital growth
• Buyers seeking rental income from commercial assets
• Business owners planning future expansion
• Portfolio investors looking for asset diversification

Frequently Asked Questions (FAQs)

What is ONYX by Splendor?

ONYX is a mixed-use commercial project offering office spaces, retail shops, and business suites designed for business operations and investment.

Is ONYX a good investment option?

From a long-term perspective, yes. Its mixed-use structure, location relevance, and leasing potential make it a viable commercial investment.

What is the starting price?

• Retail Shops: ₹24 Lakh onwards
• Office Spaces: ₹45 Lakh onwards
• Business Suites: ₹70 Lakh onwards

What is the RERA number?

The project is registered under UPRERAPRJ920006/03/2024.

What kind of returns can be expected?

Returns vary based on asset type, but commercial properties in such corridors typically offer rental income + capital appreciation over time.

Who is the developer?

The project is developed by Splendor Group, known for commercial real estate developments.

What is the investment horizon?

ONYX is best suited for a medium to long-term horizon, aligned with its construction and leasing cycle.

Conclusion (Expert Insight)

From an analytical standpoint, ONYX by Splendor represents a structured commercial investment opportunity built on three key pillars: asset diversification, leasing potential, and corridor growth. While short-term gains may depend on market conditions, the project aligns well with long-term strategies focused on income generation and capital preservation. For investors evaluating commercial real estate in NCR, ONYX offers a balanced combination of entry flexibility and scalable returns.