Review: Investment in World Trade Center New Delhi, Loss or Profit

Review

CPR Ratings

As per Location
World Trade Center New Delhi is situated in  Nauroji Nagar, New Delhi. It’s a 25-Acre commercial development by the NBCC. The project has a very wide frontage and a very impressive layout design. World Trade Center New Delhi is located on the inner ring road close to Safdarjang Hospital and adjoining the district center of Bhikaji Cama Place.

IGI Airport is just 11-Km and the nearest metro station is just 1-Km away from World Trade Center New Delhi.

Prominent hospitals in close proximity such as AIIMS, Safdarjung, etc. The World Trade Center New Delhi is properly connected with multiple public transportation facilities and other civic facilities. The project is also right in the middle of several posh residential areas of New Delhi, which is a very good sign for commercial property investment.

Overall World Trade Center New Delhi is an excellent location commercial project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No World Trade Center New Delhi – RERA Not Applicable
Start/Launch Date 17-May-2018
Possession Date (Expired) December-2019
Revised Possession Date  December-2022
Construction Stage Primary
Construction Company NBCC (National Buildings Construction Corporation)
Promoter Name NBCC
Land Area 25 Acres
Building Height (Office) G+9, Towers-12
Parking  800 Covered Basements Parkings
Live Updates

 

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Fact Check
The foundation stone laying ceremony of World Trade Center at Nauroji Nagar, New Delhi was done by Shri M. Venkaiah Naidu, Hon’ble Vice President of India in the august presence of Shri Hardeep S. Puri, Hon’ble MoS (I/C), Ministry of Housing and Urban Affairs and Smt. Meenakshi Lekhi, Hon’ble Member of Parliament (Lok Sabha) on Thursday, 17th May 2018, and the possession date was set for December-2019. But the project is still under construction and the revised possession date in December-2022

The proposed World Trade Center consists of 12 towers providing a total of 32 lakh sq. ft of office space which will have an occupancy of 30,000 persons. Parking space has been provided in three levels of the basement for 8,000 cars, which is 1,000 short of MPD provisions of 3 equivalent car spaces for every 1,075 sq. ft of office space.

Assuming an occupancy of two persons per car, this suggests that approximately 16,000 people may come to work by car and the remaining 14,000 office workers will commute using some form of public transport. Considering the location, this will certainly create traffic snarls on the inner ring road. Both, in the morning and evening, 8,000 cars entering from and exiting on to the crowded ring road will likely create a major traffic jam.

The sale price is already on the higher side. We can say that this is the highest selling price for a primary stage under construction commercial property.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year.

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Advantage | Good Factors
One can have experience the best of both worlds with office and retail spaces, besides Convention Centre, Conference facilities, Board rooms, exhibition center, auditorium, F&B, etc under one roof and in the superb premium location of New Delhi.

The retail spaces are perfectly designed for maximum visibility. All the retail shops are good for well established branded showrooms, restaurants, branded food outlets, branded Jewelry showrooms electronics & mobile stores, etc. The investment of retail shops is good for regular rental income.

The World Trade Center New Delhi office space is perfectly designed for maximum visibility. The office space is designed to meet international standards. The external structure layout design is very impressive and feels magnificent.  Overall the World Trade Center New Delhi has a very impressive layout design.

Price | Lease Price
World Trade Center New Delhi Office Space & Retail space price start from approx:-

UNIT TYPE PRICE (PSF)
Office Space 54,841
Retail Space

This is the highest price ever for a primary stage under-construction property in Delhi-NCR

Conclusion
All the commercial property investments better growth depends on timely possession. Iffy the World Trade Center, New Delhi possession takes place on revised time, then that would be a profitable investment.

CPR Ratings

Investors Vote
[Total: 8 Average: 3.6]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. Please note, we are not dealing in the sale purchase of properties.

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