| New Okhla Industrial Development Authority | | | | demand as are commercial real estate. Moreover, |
| (NOIDA) is known to be one of the largest | | | | the demand for residential property in Noida and |
| planned industrial townships of Asia however it | | | | Greater Noida is likely to shoot up in very near |
| has undergone a complete transformation in the | | | | future, feels industry watchers. In the wake of |
| last few years. It's no more a stereotype | | | | better infrastructure facilities, Greater Noida |
| industrial area, but an epitome of India's growth as | | | | already gains preference over Gurgaon. A direct |
| economic superpower. | | | | metro link with Delhi and the Expressway will |
| The real estate in Noida is hitting the sky, which is | | | | further improve accessibility of Noida," says M L |
| due to a large migration of people from Delhi who | | | | Sehjpal, Director of Pearls Infrastructure Projects |
| are being bullish to make it their home. As a part | | | | Limited. |
| of Uttar Pradesh, Noida cannot remain untouched | | | | As conglomerates, Indian corporate is scouting for |
| by the problems prevailing in the state. Despite all, | | | | commercial properties; NOIDA is emerging as a |
| the individuals who have shifted their base to | | | | preferred IT & ITES destination of India. Real |
| Noida witness to live a splendid life. | | | | estate developers in Noida in their bid to lure |
| Properties in Noida certainly benefits from the | | | | investors are coming up with state-of-the-art |
| relative proximity to Delhi. Excellent network of | | | | office spaces as per international standards. |
| roads and other civic infrastructure up make up | | | | According to Mr. Harjeet Singh Arora, MD, Best |
| for a good idea to stay here. Also, Noida is | | | | Groups, "There is an excellent potential in India |
| attracting large interests from young well to do | | | | and abroad as there is a lot of movement in |
| professionals who are making Noida, the highest | | | | corporate circles as India's large, educated middle |
| income tax paying district in UP. | | | | class has made its name in the field of software |
| Real estate and hospitality giants are also poised | | | | and IT-enabled services, thereby fuelling demand |
| over Noida. Many prominent names in both | | | | for about 40 million square feet annually in IT and |
| domestic and international hospitality sector are to | | | | ITES office space. With the sudden jump in |
| initiate exclusive five-star hotel projects in Greater | | | | demand for space, the real sector is witnessing a |
| Noida. The list includes Unitech, Carlson, ITC, | | | | huge charn." The group is also coming up with an |
| Bharat Hotels, and NRI hotelier Sant Chatwal. | | | | IT Park in Greater Noida, he informed. |
| "Noida has developed into the land of opportunities | | | | For more details on Noida Properties, log on to |
| and demand for properties in Noida is soaring like | | | | magicbricks. |
| a rocket. Residential properties are in great | | | | |