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