As per Location
The World Trade Center (WTC) Noida CBD (IT-office spaces & retail shops) is situated on the 120 ft wide road of sector 132 Noida. The WTC Noida CBD is very close to Noida-Greater Noida Expressway. The project is properly visible and walkable. So can say that the location of the World Trade Centre, Noida CBD, Sector 132 is very impressive.
The World Trade Center (WTC) Noida CBD is very well connected to Noida Greater Noida Expressway. JP Hospital is just a 3-minutes away from this project. Prominent institutions and schools are in the closest proximity such as DPS (Delhi Public School), Genesis Global School, Shiv Nadar School, & Footprints Play School & Day Care Creche, etc.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||WTC Noida CBD- UPRERAPRJ17623|
|Possession Date According to Several Real Estate Portals||March-2022|
|Construction Company||TO BE DECIDED|
|Live Updates||Stoped before COVID-19|
|COVID-19 Lockdown Status||COVID-19, an event of ‘Force Majeure’. Completion extended for 6 months for all projects expiring on or after 25.03.2020 by the Government|
Drawbacks | Bad Factors
The sector 132 Noida, has oversupplied IT-Office space projects (Ready to move & Under Construction). Can say that the sector 132 Noida is already crossed the limit of IT-Office space type commercial project development. There is a big gap in demand and supply. The supply of the IT-Office space type projects/properties in this area is very high, but demand is very limited. Actually, at present, there is no need for any new IT-Office space project in sector 132, Noida.
The sale price of IT-office space and other products of the WTC Noida CBD are already on the very higher side. If we compare the IT-office space price among other reputed commercial properties/projects of sector 132 Noida and nearby sectors of Noida Greater Noida Expressway, then we find that the price of WTC is higher approx INR Rs 1900/- per Sq. Ft.
At present, there are several ready to move in better location IT-office spaces commercial projects are available for investment on the Noida Expressway at a cheaper price, such as Bhutani Alphathum, Logix Technova, ATS Bouquet, Ansal API Corporate Park, Assoctech Business Crestera, etc in comparison of under construction WTC Noida CBD.
These days several commercial real estate developers of Ghaziabad & Noida offering some greedy investment plans to investors such as assured return & pre-lease guaranty payments plans etc.
Profitable resale in assured return & pre-leased guaranty property/projects takes a very long time to grow. There are several examples of flop assured return projects in the Delhi-NCR area. Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.
That builders/projects who offer this kind of investment offers is not in the category of secure investment, as our experience most assured return and lease guaranty properties are the investment of loss.
Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest carefully.
Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard-earned money in the name of the assured return & lease guaranty to you in the form of EMI. Actually, they are making you fool.
The development and the construction of the WTC Noida CBD will depend solely on the speed at which the retail shops, office spaces, and serviced apartments are sold out.
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-WTC NOIDA-CBD||GRADING|
|Urban Rich Gentry||Little population||C|
|Connectivity||25-Minute drive from- Sector -18 Noida, & Pari Chowk.
Nearest Metro Station 2Km (Sector 83)
Airport-35Km (IGI Airport)
|Layout Design||Not Very Impressive||B|
|High-Density Population||No Population nearby this project||C|
|Youthful Footfall||Not much||C|
|Public Security||Police Station -a 15-Minute drive||A|
|Urban/Civic Facilities||Maximum facilities available||B|
|Developers Credibility||Only a portion of WTC Greater Noida Delivered||D|
|Price Comparison||Price is higher approx 1900 per sq ft||B|
|Competitors||Several Competitors within 500-meters||C|
|Expected ROI||May takes a very long time||C|
REVIEW VIDEO WTC NOIDA CBD
Product & Developer
The WTC Noida CBD project is under development by the WTC Noida Development Company Private Limited & Viridian Red Group. It’s an IT-Office space type property. This project is consists of IT-Office Space, Virtual Office Space, Lockable Office Space, etc.
Builders Profile | Track Record
|PREDECESSOR||August Residency Private Limited|
|FOUNDERS/DIRECTORS||Jaspreet Singh, Ashish Kumar Dey, Sherif Muin Khan, Sachin Kumar Hui|
|COMPANY /PROMOTER||WTC Noida Development Company Limited|
|AREA SERVED||Delhi, Noida, Greater Noida, Gurgaon, Chandigarh, Gift City Gujarat|
|PROJECTS COMPLETED||WTC Greater Noida (Phase-1 Completed)|
|PROJECTS ONGOING||WTC Noida CBD starts in 2018
WTC Chandigarh– starts 2015 -till date not completed
World Trade Center – GIFT City- starts 2015-till date, not completed
|DELIVERY TRACK RECORD||very poor, delay possession, long wait|
|RISK||Delay completion, bank & Noida authority dues, Project can be stuck|
|DEBT||Bank Loan, Mortgage with NBFC|
There are several ready to move big IT-office space projects, such as Logix Technova, Assotech Business Cresterra, Advant Navis, Ansal API Corporate Park, Express trade Tower-2 and the under-construction projects ATS Bouquet, X-Noida (Oh My God) Paras One33 and Urbtech Trade Center are in close vicinity of WTC Noida CBD. Most of the above-said projects have a huge inventory available for sale and lease at a cheaper price than WTC Noida CBD.
Already, several IT-office spaces are vacant in the Logix Technova IT Park, which is in the service since the year 2015 and the Logix Technova IT Park is adjoined to the WTC Noida CBD.
The WTC Noida CBD is probably not the right choice of investment for those who are looking for ROI in the next year or so. The project has a long way for completion, there may not be a real appreciation of value for resale in a year.
Price | Lease Price
WTC Noida CBD, IT-Office space sale/booking price starts at approx:-
|CATEGORY||SIZE (Sq Ft)||PRICE (PSF)|
|Retail Shops||Updating Soon|
The price is already on the higher side and there is hardly any chance of early growth.
Profitable resale in assured return property/projects takes a very long time, can say minimum 10-years or even more. There are several examples of flop assured return projects in Delhi-NCR. Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.
Property investment is a huge step and it involves a lot of money. It is therefore important that you review the pros and cons and weigh them before reaching a decision. The Investment of the WTC Noida CBD IT-office space may take a very long time to grow. So invest carefully.
Friends, as we understand, that the investment of WTC NOIDA CBD, that you have given your money to the builder on interest, you will get your interest in the format of assured return and lease guaranty for some time, but the principal amount will not be returned. And when you will need your principal amount you will hardly get any customer to buy your WTC NOIDA CBD property at the desired price.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH.