After the roaring success of WTC Chandigarh, WTC GIFT Gujarat, and WTC Noida, the developer is coming up with another lucrative WTC branded IT/ITES project. Located in Sector 132, Noida, WTC Noida is set to launch another commercial office space project, WTC Noida CBD, that will change the face of the area.
WTC Noida CBD will be spread across 30,364 sq.mt., which amounts to approx. 11.5 lacs sq. ft. of saleable area , as per the details available in the UPRERA website.
The project has approximately 45 agents empaneled with it and, as per some of them, the project is expected to be priced at approx. 7,000 Rs. /sq. ft. The company will be launching the project in the upcoming festive season.
As of now, there are no PLC and parking charges, which is a welcome relief to the buyers and is a byproduct of prevailing sentiments in the market.
WTC’s CBD is aptly named CBD or Central Business District as it is centrally located in Noida, Sector 132. Located along the Noida Greater Noida Expressway, this project houses the best corporates of India and has excellent infrastructure.
Sector 132 is predominantly an institutional sector housing Jaypee Hospital and schools like Delhi Public School, Genesis, JBM and Step-by-Step. Corporate Houses like Adobe, HCL, Samsung, Wipro, LG, Parrot Systems, NIIT, Met Life,etc all lie in the vicinity.
As per inputs received from the developer, the WTC Noida CBD offering is in the form of non-lockable office spaces with sizes of approx. 255 sq. ft. It has an attractive investment size of less than 20L (all inclusive), offering returns till possession and an assured commitment return post possession.
The prevailing rentals for institutional sectors in Noida are approx. Rs. 35 -40 Rs./ Sq. Ft. and that along the expressway is Rs. 55-60 sq. ft., as per the report by Colliers ’India ‘Office Property Market Overview Q2 2018.’ One can expect promising yields going forward from WTC Noida CBD due to the mentioned indicators.
Locational As Well As Brand Advantage
Being centrally located in Noida, the project is expected to do well as it is the preferred destination of corporate houses. To add a cherry to the cake is the WTC brand which claims to offer better rental yields than its neighbors.
World over too, WTC is known for their transformational impact on the region. The brand is also known for WTC member support in enabling them to connect with their counterparts within the network to foster international trade.