Nagpur goes global, sets to get World Trade Centre

World Trade Centres’ Association (WTCA), which had built the WTC in New York and also the one in Mumbai, has decided to build state of the art World Trade Centre in Nagpur, WTCA India director, Zubin Jall said that Nagpur centre would come up near Sitabuldi interchange Metro station and the body is in the final stages of identifying a licensee and expects that construction would start before the year-end. The size of the centre would be decided by licensee depending upon the market conditions as WTCA provides special services to its tenants. Commenting on the downturn in Indian property market post demonetization, goods and services tax (GST) and real estate regulatory authority (RERA), Jall explained that these are pro-consumer decisions and would help the real estate sector in the long run. Property market frequently sees downturns but comes out of it within a year or two. The WTCA India chief said that big cities like Mumbai, Delhi, and Pune are saturated and next centres of growth lie in tier-2 cities like Nagpur. The body currently has WTCs in five cities and have selected licensees in 25 more and plans to cover all Smart Cities and expects Nagpur to be the 31st of them, he added.