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.
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