Updates on Noida Real Estate

By: George Gonigal

New Okhla Industrial Development Authority (NOIDA) is known to be one of the largest planned industrial townships of Asia however it has undergone a complete transformation in the last few years. It's no more a stereotype industrial area, but an epitome of India's growth as economic superpower.

The real estate in Noida is hitting the sky, which is due to a large migration of people from Delhi who are being bullish to make it their home. As a part of Uttar Pradesh, Noida cannot remain untouched by the problems prevailing in the state. Despite all, the individuals who have shifted their base to Noida witness to live a splendid life.

Properties in Noida certainly benefits from the relative proximity to Delhi. Excellent network of roads and other civic infrastructure up make up for a good idea to stay here. Also, Noida is attracting large interests from young well to do professionals who are making Noida, the highest income tax paying district in UP.

Real estate and hospitality giants are also poised over Noida. Many prominent names in both domestic and international hospitality sector are to initiate exclusive five-star hotel projects in Greater Noida. The list includes Unitech, Carlson, ITC, Bharat Hotels, and NRI hotelier Sant Chatwal.

'Noida has developed into the land of opportunities and demand for properties in Noida is soaring like a rocket. Residential properties are in great demand as are commercial real estate. Moreover, the demand for residential property in Noida and Greater Noida is likely to shoot up in very near future, feels industry watchers. In the wake of better infrastructure facilities, Greater Noida already gains preference over Gurgaon. A direct metro link with Delhi and the Expressway will further improve accessibility of Noida,' says M L Sehjpal, Director of Pearls Infrastructure Projects Limited.

As conglomerates, Indian corporate is scouting for commercial properties; NOIDA is emerging as a preferred IT & ITES destination of India. Real estate developers in Noida in their bid to lure investors are coming up with state-of-the-art office spaces as per international standards. According to Mr. Harjeet Singh Arora, MD, Best Groups, 'There is an excellent potential in India and abroad as there is a lot of movement in corporate circles as India's large, educated middle class has made its name in the field of software and IT-enabled services, thereby fuelling demand for about 40 million square feet annually in IT and ITES office space. With the sudden jump in demand for space, the real sector is witnessing a huge charn.' The group is also coming up with an IT Park in Greater Noida, he informed.

For more details on Noida Properties, log on to magicbricks.com

India Properties
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on India Properties