Project Review: The World Trade Center (WTC) Noida CBD is situated in the sector 132, Noida, Greater Noida Expressway, Uttar Pradesh, India. This project is under developing by the WTC Noida Development Company Private Limited, 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.
Possession | Construction Update
At present, the (World Trade Center) WTC Noida CBD is under construction. The project promised date of delivery according to RERA is in the year of February-2024. WTC Noida CBD UP RERA registration No. is UPRERAPRJ17623.
As per Location
The World Trade Center (WTC) Noida CBD is situated in the 120 ft wide sector road of the sector 132 Noida. The WTC Noida CBD is very close to Noida-Greater Noida Expressway. The project is properly visible. So can say that the location of the World Trade Centre, Noida CBD, Sector 132 is very impressive.
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 has 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 square feet.
These days developer of the World Trade Centre (WTC) Noida CBD, offering many attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.
That builder/project who offers 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 wisely.
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.
So the investment in the WTC Noida CBD IT-office space may not be very fruitful.
The public transport facilities and other civic facilities to the WTC Noida CBD is very poor or can say there are no public transport facilities available.
The Advant Navis business park, Logix Technova, Ansal API Corporate Park, Assotech Business Cresterra and advanced stage under construction ATS Bouquet & Alphathum is the much better project/location of Noida Greater Noida Expressway for investment in comparison of the World Trade Centre,(WTC) NOIDA CBD.
The construction and possession of this project may depend on the sale of shops/space so the project may be the delay.
Advantages | Good Factors
The WTC Noida CBD is a much better location than the WTC Greater Noida, Techzone-4 SEZ, Greater Noida.
Surrounding the WTC Noida CBD, there are several ready to move big IT-office space projects, like The Logix Technova, The Assotech Business Cresterra, The Advant Navis, The Ansal API Corporate Park, The Express trade Tower-2 and the under construction projects The ATS Bouquet, The X-Noida (Oh My God) The Paras One33 and The Urbtech Trade Center etc. The most of the above-said projects IT office space is not yet sold or leased.
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 Advant Navis business park, Logix Technova and advanced stage under construction ATS Bouquet & Alphathum is the much better project/location of Noida Greater Noida Expressway for investment.
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 is INR Rs 6900/- per sq ft plus other charges. The price is already on the very higher side and there is hardly any chance to early growth.
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, 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 property at the desired price.
The WTC, Noida CBD, sector 132, Noida may be a planning of fundraising by fooling the public. So Friends, invest carefully.
CPR Ratings *
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH.