Noida and Greater Noida grabbing the eyeballs of investors

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. 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. The infrastructure intervention of this scale would have a positive impact on economic activity, especially in the tourism, industrial, information technology enabled services (ITeS) and commercial sectors.

Are the ORCs successful in India?

Another emerging opportunity that has been quite successful is the growth in the development of Office Retail Complexes. The growth of ORC is a great example of the change in the mindset of developers. ORCs are planned to mix well with the office crowd and for retailers it’s a foreseeable business. Retail as an industry is an integral part of economy and retail developments act as epicenter for the community for their leisure & shopping needs. Owners of successful assets have managed to keep footfalls intact and are even growing in certain cases primarily due to their extensive efforts in getting the right mix of tenants for their assets basis their customer profile.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.

Retail as an asset category was under tremendous pressure and many developers did shy away and even shelved their plans to build malls primarily due to excessive vacancies in malls coupled with low rents. A good retail mix in an office complex provides a lot of ease to the office occupants and values to the assets.

Bridging the local connect

The overall outlook of the mega Greater Noida project was for it to be an integrated township with light to medium, and medium to heavy industries with an ample provision for residences to meet the demand-supply link of work force in such industries, as well as commercial organizations, plus healthcare infrastructure and educational facilities. Apart from the major corporate manpower requirement there are employment opportunities in police force, fire department and other public facilities along with necessary civic amenities such as water supply, electricity, telecommunication, environmental protection, highway safety, etc. Greater Noida 2021 is a vision to make the city a better, greener and safer place along with sustainable economic development.

The notified area of Greater Noida comprising of over 120 villages is broadly bounded by NH-24, Hindon river,  Grand Trunk Road and Northern Railways.  Noida and Ghaziabad are right next to Greater Noida’s eastern region.

In view of the above observations it must be added that with the establishment of WTC Noida in association with Viridian Red, the partnership will go a long way to shape the futuristic lifestyle and economic growth of the Greater Noida region. 

Is it time for investors, developers and owners to get in on the REIT action?

While on the one hand, REIT would help developers unlock value from their leased out assets and generate much needed capital, it would also provide a much needed entry and exit vehicle for the global institutional investors looking to invest in non-residential real estate assets in India. Indian REITs will help to split the bill on real estate investments. Developers divesting through REITs can get in and out of developments quickly. Investors can also make lower-ticket investments in property through REITs. Last year saw a considerable easing up of Indian REIT regulations. It’s time for investors, developers and owners to get in on the REIT action. 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.

Why investing in India can be a good decision

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.

Noida: A Prominent Destination for Commercial Properties

Due to heavy impact of globalisation, people are more influenced towards modern living styles and themes as they feel that it more relaxing, entertaining and comforting. At one hand where people are asking for comfortable living, big companies are looking for cheaper floor rates with innovative design solutions. Seeing the current demand of the market, the Viridian RED project WTC Noida, promised to offer the best modern amenities in the project and something unique to the buyers.

The Noida World Trade Centre is expected to be a gateway for trade and commerce for rest of Uttar Pradesh as well as northern part of India.

Already known as the commercial hub of NCR, Greater Noida has been witnessing enormous appearance of real estate developers for past few years and thus, property appreciation.

Noida: The Next Commercial Hub

For the long run, regions on the edge of Noida and Greater Noida, are fast emerging as the key commercial realty hot spots in NCR. Noida has emerged as a hot spot for IT and MNCs setting up their businesses here. The city is becoming the preferred destinations for companies offering IT, ITeS, BPO, BTO and KPO services in various domains such as banking, financial services, insurance, pharma, auto, FMCG and manufacturing.

A very prominent shift took place last year when Vivo Mobile, a mobile handset manufacturer shifted their operations to WTC Noida. The World Trade Center, the Viridian RED project, Noida is the biggest WTC in the world yet, at 44 acres. The one second to it is located in Beijing, China at 43 acres. With recent shift and innovative changes in the commercial space, it would be really fascinating to witness the growth of realty sector and especially commercial development in Noida.