71 properties across WTC Noida, WTC Chandigarh & WTC GIFT City booked within six hours through BidNPartner campaign on Magicbricks

The online property auction attracted 100+ successful bids within six hours

Scale signifies a watershed event for the real estate sector

Noida, May 18, 2018: The World Trade Centers in Noida, Chandigarh and GIFT City, Gujarat, celebrated the 50^th anniversary of World Trade Center Association (WTCA), with an industry-firstBidNPartner campaign in association with digital and technological partner Magicbricks, India’s No.1 property site, that saw 71 properties being booked in a matter of just six hours.

The commercial spaces in all the three WTC properties were available for online bidding on wtc.magicbricks.com for the BidNPartner campaign on May 5, 2018. More than 3000 people showed their interests and 200 paid registrations were done.On the day of bidding, more than 100 successful bids were received and 71 properties were booked within six hours, making it one of the most successful real estate campaigns.

Commenting on the stupendous success of the BidNPartner campaign, Mr. AshishArora, Director – Sales & Distribution, WTC Noida,said, “We are elated at the response received. Buyers from all over the world participated in the auction to make it a grand success. We have booked more than what we expected, which clearly defines the faith that buyers have in our brand. This unique campaign has set new standards on how commercial real estate is sold in the country.”

On the success of the partnership, Mr. Ritesh Mohan, Sales Head-Strategic Accounts, Magicbricks, said: “It is really heartening to see that Magicbricks’ bidding platform is now reaching out to a wider audience. Ever since we launched our bidding platform, we have been working to improve the customer experience of our bidding platform and now it is yielding rich rewards. Be it residential or commercial, our partners have seen lot of potential in using Magicbricks’ bidding platform as a mode of reaching out to a wider consumer base. The success of ‘BidNPartner’ campaign is certainly a defining moment for the online real estate industry.”

Magicbricks has been awarded the Standardisation, Testing and Quality Certification (STQC) by the Ministry of Communications and Information Technology, making it the country’s only real estate portal eligible for a bidding platform for properties. For the first-of-its-kind certification, Magicbricks had to conform to 150 stringent parameters laid down by the Ministry of Communications and Information Technology.

To continue its legacy, WTC Noida has undertaken other initiatives to bring development to the Noida and Greater Noida area. Recently, they have signed a MoU with the Uttar Pradesh government to co-develop an exclusive Mobile Open Exchange Zone. Speaking about MOX, Mr. Arora further added, “MOX provides a sustainable ecosystem to technology companies that allow all three aspects of the cluster- Infrastructure, Hardware and software to thrive by reducing operational cost coupled with its strategic location. It allows for their socio-economic development and profitability by facilitating successful operations. For Industries, 100% SGST reimbursement for a defined period along with host of tax benefits and support. There are many more advantages for industries, investors as well as for the region and its citizens apart from few mentioned.”

WTC Gift City is present in India’s only IFSC and model Smart City known as GIFT City (Gujarat International Finance Tec-City) comprising 986 acres between Ahmedabad and Gandhinagar. It will have a special economic zone, international education zone, integrated townships, an entertainment zone, hotels, a convention center, Software Technology Parks of India (STPI) units, stock exchanges and service units.

The third property on the list is WTC Chandigarh forms the first point of arrival from the New Chandigarh International Airport. It is aimed at acting as a major catalyst for the economic growth of the Chandigarh Capital Region (CCR).

Corporate Comm India(CCI Newswire)