In what could help scale NCR
based technology industries and small and medium scale operators to a global
platform by offering a gateway for linkages and scale, the World Trade Center in Noida, is expected to go fully operational in
three years, by 2020. The World Trade Center, 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.
World Trade Centers Association,
USA, presently visiting India, said, “Noida has been earmarked for a WTC over other
parts of NCR as it has been mapped as a high growth region. 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.
WTC CBD Noida is being developed as an integrated building which
combines work, business, residency and retail spaces. The architecture is a mix
of lateral low-rise apartments and high rises. The design for World Trade
Centre has emerged from a mix of ideas generated from a global architectural
design competition. The final design has emerged from entries sent by 67
countries.
The real estate development of
the project is being done commercial real estate developer, Viridian Red. The
building is going to comprise residential areas for a work-life combination
system. Spaces have been marked for exhibitions, shopping, food courts,
wellness centres and cultural exchange spaces. The tallest building in this
expansive structure will be the Signature Tower, a 19-story building.
Noida is the fastest developing
area of NCR region, despite the slowdown, Noida has surpassed expectations year
on year. This is perhaps why we chose Noida over other NCR cities to set up the
WTC, Khair Ull Nissa, Executive Director, Verbind, (the operation wing of the
WTC) said. Verbind is at the helm of creating the facilities, linkages and
ecosystems that a World Trade Centre provides to its members.
The licensing for operation and
setting up of all World Trade Centres, globally are controlled by its
headquarters in New York, USA. The expansive global business and trade hub at
Tech Zone 1, Greater Noida, has recently opened doors to Chinese mobile company
Vivo. Partial occupancy has also been offered to a set of venture startups. One
of the most expensive real estate structure of the World Trade Centers in the
world, the Noida building is estimated to cost Rs1000 crore for construction.
In the first phase, which is
complete and operational, two eight story towers (7.5 lakh sqft) are absorbed
by Vivo a Chinese mobile company. Two towers, Tec 1 and Tec 2 these are fully
operational and have multi-tenant offices, serviced offices and retail spaces.
The first phase is complete and is 30% of the total structure. The second phase
of construction of WTC is in progress.
Commenting on the expanse of the
WTC, Khair Ull Nissa further stated: “The scope and nature of operations of the
World Trade Centre has altered with time. The way people work, live and do
business has changed. This building is not just a business center, but an
entire hub for doing business at an international level, inclusive of work and
life.” WTC, Noida will also host a set of residences to suit needs of
entrepreneurs who may choose to live close to their work.
Business spaces of varied sizes
from 500 sqft to 1,20,000 sqft will available at the site. A section, called
cubit, would also be dedicated to singe cubicle units for those who choose to
work independently.
Once a business becomes a part of
our ecology they do not only have access to our facilities but actually get to
be able to access an entire global platform of doing business. A WTC membership
typically gives access to market research, advisory, trade information, product
feasibility, trade missions, trade leads, buyer-seller connect, events
conferences and fairs, a digital platform, facilitating joint ventures, merger
acquisition, franchising, branding and licensing, business to business
communication and activity, business to government, collaboration, technology
adoption and WTC global membership,” Khair Ull Nissa, added.
The Noida facility, once
complete, will host all the facilities that WTCs host globally: office spaces;
virtual offices; business centres; meeting rooms; retail and exhibition area;
video conferencing; dedicated exporters zone, secretarial services, translation
services and a travel desk.
Commenting on how the presence of
a WTC in Noida could change the game for SME operators in Noida, Rajeev Bansal,
chairman, Indian Industries Association (IIA), Noida said, ‘It is an
interesting development, which could help the local SMEs scale to global
standards. We are waiting to see its impact in the ecosystem once it becomes
fully functional.” Noida presently hosts 19 telecom companies and over 9000
SMEs. It also hosts a slew of IT-based companies out of its special economic
zones.
Read more at:
http://timesofindia.indiatimes.com/articleshow/58638418.cms
1 Comments
As we know that 2022 will be end of work from home era and for that the demand of commercial properties are increasing day by day. WTC Noida CBD which located in Noida sector 132, can be the best option if you are are looking for investment in Noida.
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