Skip to main content

Posts

Showing posts from October, 2017

India, Preferred Destination for Commercial Investment

India has proved itself as a perfect business spot in this highly competitive global market. Infrastructure and real estate play very crucial role in the development of any nation. Stirred by a number of positive factors, commercial real estate sector has seen massive growth in recent times and proposed to grow further in coming years. As we all have seen that, as residential market grows with the commercial market. The strong growth in commercial office market and expected buoyancy has spurred substantial demand for residential apartments. Brands like WTC among others are providing world class facilities to its investors and guaranteed return. Over the last few years, cities like Pune, Bangalore Gurgaon and Noida have become the commercial hub for people and investors who are looking to make fast bucks. These cities are attracting IT/ITES, big corporate houses and MNCs. One more reason for the growth of commercial space is favourable government reforms. Reforms like- GST and...

Chandigarh traders seek multiple-ownership for mutual business growth

The Chandigarh Administration has allowed two adjoining commercial sites having multiple owners to amalgamate along with a provisio. The Union Territory chief architect Kapil Setia mentioned that the traders will benefit from this decision. If we go by his statement then this decision undertaken aims to fulfil the requirements of the residents at large. Though we believe there will be challenges ahead to take measures amidst the development scenario to protect the aura of the city. It is to note that permanent amalgamation of commercial properties will not see any change in its rule as of now. In accordance with the norms, amalgamation of two or more adjoining sites with the same ownership is allowed, but there will be appropriate terms and conditions that the revised plans are approved by the appointed authority body. The administration had introduced into Chandigarh conversion of land for use of industrial sites into commercial activity/services in Industrial Area phases I ...

Viridian Red developments aim to transform lifestyle

Today the discussions on development are not limited to townships and swanky corporate offices. Also, it is not just about connectivity through roads or rails. It is about connectivity with end consumers, end buyers and end users of product or services. There are instances where a resident goes to a grocery shop at least three to four times a week along with friends, who create an influence to extend the timeline by visiting their favourite beauty parlour. In presence of upscale malls and movie theatre these leisure times are possible because shopping baggage can be delivered right at your doorstep to be picked up by someone else while the buyer feasts on a tub of popcorn. Adding further there is this hotel-like hospitals catering to the patient’s need like a waiter would do in a plush hotel. Medicare and life-saving treatments has become a reality provided one has the capacity to meet the expenses, and why not when insurance policies are here to save a person’s life in time. ...

Far reaching connect for WTC Noida and businesses

The concept of building the regional connectivity to reach out to the global network of business is a mutual see-saw like movement. A help from one raise the level of the other. Therefore the initial connectivity has to begin from regional level and its underlying areas. In the best of an Indian connectivity scenario the only example to match this observation would be of New Delhi and Greater Noida connectivity, with Noida forming the junction of growth thanks to WTC setting its foot into Noida at Golf Links. Greater Noida is accessibl from New Delhi and Noida via the Delhi-Noida-Delhi (DND flyway), and the connectivity now extends unto Agra via the Yamuna Expressway. The other route to bring people and business into Greater Noida from across the Hindon is via the Mahamaya Flyover. A road link will also be available from the Eastern Peripharal Expressway of the Delhi-NCR plan at the NHH-24 interchange location. Road link to surrounding areas of Greater Noida in the Uttar Pradesh Stat...

Is there a high demand of quality office/Retail space, commercial real estate market in India?

Due to high demand of quality office/Retail space, commercial real estate market in India continues to grow at a steady rate especially in IT/ITEs driven markets like Hyderabad, Bangalore, Pune and Chennai. Positive changes in policy and regulations have given a further boost to commercial segment. These developments have encouraged many MNCs to shift their base to Noida. One such shift happened last year when Vivo Mobile, a mobile handset manufacturer shifted their operations to WTC Noida. The commercial real estate market seems promising as of now. With the decks being cleared for the construction of a second airport for the capital at Jewar in Uttar Pradesh, the residential segment in Greater Noida and along the Yamuna Expressway, in a slump over the last two to three years, will become vibrant once again, say industry experts and stakeholders.

Rise of a business arena

The key to urban development process is through rapid urbanization of a region. A neatly planned draft with inclusion of adequate land area for greenery is a major hurdle in the developmental process. A lot of slum re-settlement issues need to be taken care of and compensation to farmers is another hurdle needed to be crossed towards achieving developmental goals. Planning of a modern and state-of-the-art urban centre therefore is of immense importance for defining the quality of life in a society. Greater Noida went ahead to be developed as Metro city providing for quality urban lifestyle, to attract economic activities and population to decongest Delhi. The rapid rate at which Delhi was expanding was bound to result in chaos, and therefore a plan to develop residential and industrial areas beyond the capital region and to reduce the demographic burden was formed into place. Prior to Greater Noida, there were two other major corporate hubs that had been developed—Gurgaon, across...

Reports shows some major impacts on commercial realty

According to a joint report by KPMG, Naredco, Hariani & Company and Knight Frank, titled ‘REIT-able Space in India: A Closer Reality’, $121 billion or 1.73 billion sq ft occupied commercial real estate across office, retail and warehouse segments could potentially benefit from the REIT opportunity. According to the report, the Indian real estate market, which is supported by a strong economic growth, a large portfolio of completed commercial real estate projects and a conducive investment climate, offers a big opportunity for REITs. In the case of office and retail, approximately 537 million sq ft and 75 million sq ft respectively is REIT-able area located in the top seven cities of Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata and Pune. In the case of warehousing space, the all-India estimate is approximately 1,127 mn sq ft. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. The project is being developed by Viridian RED. These development...

An investment with assured returns

Real estate is currently going through a major correction. With the new rules and policy changes, the industry is under pressure. The overall dip in the national economy is also affecting how people are investing in real estate. The Indianreal estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces. The real estate sector in India is expected to attract investments worth US$ 7 billion in 2017, which will rise further to US$ 10 billion by 2020. The commercial real estate market in Noida has shown an upsurge in last few quarters. Moreover, the state government is going to develop a mobile & technology manufacturing hub around Noida and Greater Noida. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. The project is being developed by Viridian RED.

Good time for investors to invest in Noida Commercial Real Estate

Thanks to some of the initiatives taken by the Union Government which has attracted investors across globe. The overall commercial real estate market in Noida has gained tremendous momentum. Occupancy levels in various offices and retail complexes have gone up. Recently, the Viridian RED project, WTC Noida saw a 100% Occupancy from Day One for its Phase 1, which they also delivered on time. The first phase of WTC Noida (Tec I and Tec II tower) got leased to VIVO, a premium smartphone company. The full occupancy of WTC Noida Phase 1 shows the strong brand image in the market and in future it will generate a huge demand for its other complexes.

Noida and Greater Noida the best deal for commercial properties

Greater Noida, at present is the best deal for commercial investment purposes. There is ample of space and scope for improvement and specially with the kind of infrastructure development it has been witnessing; be it Metro connectivity, education sector, health, etc., for the past few years, it is for sure that soon Greater Noida will become the first choice of every modern day investor. Recently, it has been observed that majorly big conglomerates are shifting their offices in Noida and suburb. One such shift happened last year when Vivo Mobile, a mobile handset manufacturer shifted their operations to WTC Noida. The World Trade Center is a global network of office complexes across 330 cities in 100 countries and serves over 1 million member companies today.

MNCs and Tech companies driving Noida’s Commercial real estate market

Commercial development is widespread in National Capital Region’s most popular town, Noida. With superior infrastructure, excellent roads and a large inventory of residential spaces, Noida has emerged as an ideal commercial realty hub. The progress of work on the Noida & Greater-Noida Metro route is attracting occupiers and workforce alike. Tech companies absorbed almost 60% of the fresh office lease in Noida last year. With Big MNCs and blue chip companies shifting their base location to the city, Noida and Greater Noida is experiencing an expansion in office space absorption. One such shift happened last year when Vivo Mobile, a Chinese mobile handset manufacturer shifted their operations to WTC Noida. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. The project is being developed by Viridian RED. While supporting the Government’s Digital India initiative, World Trade Center, Noida (WTC Noida) is promoting Techzone I as a MOX Hub in ...

Start-ups entering Noida market for their office set-up

1.       Delhi-NCR has recently seen an increase in the number of start-ups looking to make a mark for their firms in the national as well as international market if their vision is such. However, it is not easy to connect so easily with the right target audience and all so quickly. There is a huge amount of market-research required apart from understanding the various segments of market the business will cater to as a start-up. The important point before start-up proceeds with other investments is the connectivity feasibility. Connectivity is of prime importance for a start-up because initially there will be lots of meetings and travel required to connect with several audiences. Therefore the best suitable option for a start-up is to set its base in a place where minute and major logistical support systems are taken care of at an affordable running cost. One such destination is WTC Noida facility. Noida is suitably connected with Delhi, Gurgaon, Ghazi...

Connecting Business with People

1.    Global expansion of business has been possible because of rapid advancement in means of connectivity and time-management for immediate game changing decision-making. Today companies like to be in the heart of the business where they want to give better and surplus customer experience for better understanding of the same. This adds to value based marketing and branding strategies in a closely knit customer-friendly environment. It is the customer who is the end user of a product or services and therefore it is his fundamental right to gain the best from what he or she pays for to avail. Not surprising that VIVO mobile has captured the excitement of opportunities offered by WTC in setting up business office at its Noida facility. Part of the credit goes to Viridian Red for having developed the largest WTC in India at Noida for providing platform where companies can connect with their customers and associates in a very short span of time. Also, on having acquired a la...

The uprising story of the commercial real estate market

Commercial real estate is a complex matrix. There are many factors which impact its operations; majority of them driven by macro-economic dynamics. Thankfully, Mr. Modi-led NDA Government’s fiscal reforms are making the macro-economic scenario favorable for investments in India. Delhi NCR market has seen some results in the commercial sector post demonetization and even GST. Noida and Greater Noida has been a preferred location for commercial real investments. The project developed by Viridian RED has got some overwhelming response and leased out the first two phases of the project; it is developing the third and final phase and aims to complete it by the year 2020. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. It seems really promising n the noida and greater noida market

Commercial market in Noida

Noida has become the hotspot for commercial and residential properties with planned infrastructural advancement. The commercial real estate market has shown an upsurge in last few quarters in the city. The main reasons for the growth is improved proximity with Delhi and nearby cities like Lucknow, Agra, Aligarh, Gurgaon, Jaipur etc. Keeping in mind today’s changing landscape the Viridian Red project World Trade Center Noida (WTC Noida) is working towards providing world class facilities to the big business houses who shifted their b ase to Noida. One such shift happened last year when Vivo Mobile, a mobile handset manufacturer shifted their operations to WTC Noida. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. It has already developed and leased out the first two phases of the project; it is developing the third and final phase and aims to complete it by the year 2020. With all these big brands and attractive changes, it would be rea...