The
real estate sector is one of the most globally recognised sectors. In India,
real estate is the second largest employer after agriculture and is slated to
grow at 30 per cent over the next decade. The real estate sector comprises four
sub sectors - housing, retail, hospitality, and commercial. The growth of this
sector is well complemented by the growth of the corporate environment and the
demand for office space as well as urban and semi-urban accommodations. The
construction industry ranks third among the 14 major sectors in terms of
direct, indirect and induced effects in all sectors of the economy.
The commercial real estate market in Noida has shown an upsurge in last few quarters. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. The project is being developed by Viridian RED. 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 in Noida has shown an upsurge in last few quarters. Area wise, WTC Noida is WTCA's largest operating WTC, second to Beijing, China. The project is being developed by Viridian RED. 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.
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