Review : Investment in WTC Noida CBD, Sector 132, Noida, Loss or Profit

CPR Ratings

As per Location
The World Trade Center (WTC) Noida CBD  commercial property investment project (IT-office spaces & retail shops) is situated on the 120 ft wide road of sector 132 Noida. It’s a 7.5-Acre IT-commercial plot. 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 few 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
Launch/Start Date	October-2018
RERA Registration No	WTC Noida CBD- UPRERAPRJ17623
Possession Date According to Several Real Estate Portals	March-2022
Possession Date (RERA)	February-2024
Construction Stage	Primary
Construction Company	TO BE DECIDED
Land Area	7.5 Acre
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

 

Fact Check
Sector 132 Noida, has oversupplied IT-Office space projects (Ready to move & Under Construction). Can say that sector 132 Noida has already crossed the limit of IT-Office space type commercial property 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 is 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.

WTC Noida CBD Price, & Delivery Track Record Comparison With Other Commercial Projects/Developers Of Noida Expressway

PROJECT NAME	PRICE (PSF)	DELIVERY TRACK RECORD
WTC NOIDA CBD	₹7,650	Not Satisfactory
CYBERTHUM	₹5500-5990	On-Time, delivered several commercial projects
OH My God		Delay Possession
ASSOTECH BUSINESS CRESTERA	₹5990-₹6190	Delay Possession
SUPERNOVA ASTRALIS	₹12,000	Delay Possession
Urbtech Trade Centre	₹6,500	Delay Possession

 

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, Advant Navis, Logix Technova, ATS Bouquet, Ansal API Corporate Park, Assoctech Business Crestera, etc. which can be a better investment option.   

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 a 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
Prime Location	SILVER	C
Layout Design	Not Very Impressive	B
Visibility	Average	C
High-Density Population	No Population nearby this project	C
Youthful Footfall	Not much	C
Public Security	Police Station -a 15-Minute drive	A
Industrial/Institutional Area	Adjoined	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 long time	C

 

10-Acre Factor
According to a survey conducted by CPR, the commercial projects which are less than 10-Acre area are not as successful as above 10-Acre commercial projects.

A less than or up to 5-acre or less than the 10-acre commercial project has not enough space for all the facilities which are required to capture big brands, multinational companies, and public attraction. let’s check the facts by a table:-

PROJECT NAME	PROJECT AREA	RE-SALE PRICE/REMARKS
Express Trade Tower-2, Noida	5-Acre	The price stuck at ₹5,000-PSF for the last several years. Leasing is also not very impressive.
Logix Technova, Noida	5-Acre	The price stuck at ₹5,000-PSF for the last several years. Leasing is also not very impressive.
Jaipuria Mall-Indirapuram	Less than 5-Acre	Fail
Aditya Mall-Indirapuram	Less than-5 Acre	Fail
Wave One, Noida	Less than 4-Acre	Stuck
Wave Silver Tower	Less than 4-Acre	Not very impressive
Urbtech NPX	Less Than 4-Acre	Stuck
Center Stage Mall, Noida	Less than 7-Acre	Not very impressive
ATS Bouquet, Noida	7.5-Acre	The price stuck at ₹5,000-PSF for the last several years. Leasing is also not very impressive.
GIP, Noida	Above-10 Acre	Working very fine, fully occupied
Shipra Mall	Above-10-Acre	Working very fine, fully occupied
Bhutani Alphathum, Noida	17-Acre	Successful-high returns
Indirapuram Habitat Centre	Over 10-Acre	Working Very Fine
DLF Mall of India	Over-10-Acre	Working very fine, fully occupied
Select CITYWALK, Saket	Over 10 Acre	Working very fine, fully occupied

The above table shows that investment in the minimum or above 10-Acre commercial project is very fruitful in comparison to small area commercial projects.

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
FOUNDED	2018
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	Not very satisfactory
NET WORTH
STRENGTH
COMMITMENT	Not very satisfactory
RISK	Delay possession, bank & Noida authority dues
DEBT	Bank Loan, Mortgage with NBFC
LITIGATION	default complaints
BUILDER CATEGORY	BRONZE

 

Key Point
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 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 may be a long way for completion, there may not be a real appreciation of value for resale in a year.

Price Appreciation Track Table WTC Noida CBD

YEAR	PRICE (PSF)	APPRECIATION/REMARKS
October-2018	Office Space-₹6,250 Retail Shop-	Launching Price
May-2019	Office Space-₹7,200 Retail Shop-₹16,500	No Change, same as above. Nothing special resale
October-2019	Office Space-₹7,200 Retail Shop-₹16,500	No Change, same as above. Nothing special resale
April-2020	Office Space-₹7,200 Retail Shop-₹16,500	No Change, same as above. Nothing special resale
December-2020	Office Space-₹8,500 Retail Shop-₹17,500	Nothing special resale
January-2021	Office Space-₹8,500 Retail Shop-₹17,500	Nothing special resale
March-2022	Office Space-₹8,500 Retail Shop-₹17,500	Nothing special resale
March-2023	Office Space-₹8,500 Retail Shop-₹17,500	No Sale/resale

 

Conclusion
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 commercial property investment project may take a 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.

CPR Ratings

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE PURCHASE OF PROPERTIES.