WTC CBD Sector 132, Noida

WTC NOIDA CBD is registered with the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) with project ID UPRERAPRJ17623. The promoter is WTC Noida Development Company Pvt Ltd.

The proposed start date for the WTC Noida CBD project was 01-10-2018.

An agreement was executed between the complainants and the opposite parties for booking a commercial unit in the WTC Noida-CBD project, relying on misleading representations and inducements.

As per Clause 7.1 of the Sale/Lease Agreement dated 15.03.2023, possession is due by 26.08.2024 (as per UP-RERA) or as extended.

The proposed revised end date for the WTC Noida CBD project is 27-02-2024.

A complainant is seeking a refund of Rs. 93,01,798/- along with interest @14% p.a. from the respective dates of deposit, assured return of Rs. 55/- per sq. ft. form 31.12.2022 as per contractual agreement, compensation of Rs. 5.00 lacs and Rs. 2.00 lacs as litigation expenses.

Bhutani Infra stated that it had completely severed ties with the WTC Group in February 2025, just six months after signing a memorandum of understanding (MoU) in July 2024.

World Trade Centers Association (WTCA) terminated 13 licenses held by WTC Noida Development and Spire Techpark due to multiple violations of the agreements. The termination is applicable to the licenses held for WTC Noida CBD.

World Trade Centers Association (WTCA) has terminated 13 licences held by WTC Noida Development and Spire Techpark due to multiple violations of the agreements. The move came amid a probe by the Enforcement Directorate against WTC Group and its promoters Ashish Bhalla, Suparna Bhalla, Abhijeet Bhalla, as well as Bhutani Infra and others for alleged cheating, criminal breach of trust and defrauding hundreds of homebuyers.

The ED investigation was initiated based on multiple first information reports (FIRs) registered by the economic offences wing (EOW) in New Delhi, BPTP Faridabad, and Faridabad central police stations. Complaints from hundreds of home-buyers and investors alleged cheating, criminal breach of trust and fraud committed by WTC group and its key figures, including Ashish Bhalla.

Buyers allege that WTC Noida's director, Ashish Bhalla, has defrauded approximately Rs 5,000 crore from over 20,000 buyers and investors across various projects. Buyers have filed complaints with RERA, consumer court, High Court, and NCLT.

Scores of buyers who invested in the WTC Noida project have alleged being defrauded by the builder with undelivered shops, plots, and commercial units. Buyers claimed that WTC Noida director Ashish Bhalla has defrauded approximately Rs 5,000 crore from over 20,000 buyers and investors.

The Delhi High Court has restrained WTC Noida Development from using World Trade Centers Association's registered trademarks, citing potential damage to the brand's goodwill. The court's decision, effective until September 18, follows complaints against WTC Noida regarding unfulfilled contractual obligations and project delays.

The Delhi High Court has issued an injunction against WTC Noida, preventing them from using World Trade Center Association trademarks. This follows the termination of WTC Noida's licenses due to an investigation by the Directorate of Enforcement.

Thousands of people are stuck after investing in WTC's CBD project located in Sector 132 of Noida. People allege that the builder promised good returns but cheated them. The builder is currently in jail, and people are protesting.

The present complaint has been filed under section 35 of Consumer Protection Act, 2019 against Opposite Party alleging deficiency of service. The complainants were misled and induced into booking a commercial unit in the said project.