It has been very recent that Greater Noida has witnessed a very rapidly progressing emergence. It has begun to shape up as one of the smartest cities of India. The development in the area is so fast that it is attracting a lot of people from Ghaziabad, Faridabad, Gurgaon and Delhi towards it.
A lot of institutional, residential and info/bio tech investment opportunities have become available in Greater Noida. It is a place which can proudly boast of its broad and smooth roads, clean and fresh air, good water supply, drainage and cabling that runs underground, privatized power, less congestion and sound law and order. Furthermore, the gap between Delhi and Greater Noida can be easily bridged in merely half an hour.
Greater Noida is a place where you will find that all the schools and institutions for high learning are modeled as per the international standards. In fact, the medical, commercial, institutional, residential and amusement facilities match with international levels as well providing it with a very posh look.
As Greater Noida promises immense potential, more and more investors are investing their capitals to reap both personal and professional benefits from this place. To add, the plots in the area are also very affordable. And knowing well that this place can be the next IT destination, it is surely worth investing in. The sectors pertaining to residential areas are placed near the Expressway and the Golf Course. The plot sizes in the Sigma sector and Eta sector,Chi-Phi sector on Taj Expressway and Swarn Nagri extend from 200-1000 sq mtrs.
Other residential locations are the NRI City, Jalvayu Vihar, Swarn Nagri and Parasnath Platinum. The fully developed sectors include the Alpha, Beta and the Gamma sectors and are already inhabited by people. Pre-built houses and the option to rent, both are available in Greater Noida.
Forming the operational industrial backbone of the city are industries like ShriRam Honda, Pepsi, Videocon Intl., L.G. etc. and many more are on their way to mark their land here. The sheds and plots for industrial purpose come in sizes between 450-4000 sqmtr along with proper transfer of ownership and possession.
For the construction and development of the land bought there are a lot of developers that can be availed use of. To mention a few, Unitech, Omaxe, Eldeco and Uppal Chadha are much known for their work in the area. There are more such upcoming projects coming in Greater Noida which are surely going to prove the best in terms of space, facilities and budget too.
Property In Greater Noida
Prices of properties in noida are increasing very rapidly year by year. Bus at the shelter doesnot affects the speed of other traffic plying on the main road. All electricity and data cabling; besides drain networks are underground, so the well-laid road network is free of all protruding encumbrances. Managed by a private company the solid waste is segregated at sources into biodegradable and non- biodegradable components.
The air ambience in greater NOIDA is also of a superior quality, perhaps because the only industries that are allowed under the master Plans are of a non-polluting kind, meaning a lot of IT industries. Their presences in the vicinity anyway a blend in with the Authority’s ambitious after Mumbai and Bangalore. Host of companies have set up their base here, namely, LG Electronics, Moser Baer, Videocon, Asian Paints Ltd, T-Series, Nicco Batteries Ltd, HPCL Ltd. and Honda Siel Cars India Ltd. to name few.
Easy availability of land affordable land prices (see the inset box) good ground water and power supply, besides the availability of quality urban infrastructure including housing and the location of several IT and engineering colleges for easy souring of trained human resources is what makes Greater NOIDA an attractive destination over NOIDA and Gurgaon in the NCR region.
Greater NOIDA has also been identified as the ideal location for a second international airport to serve the NCR belt (which will be connected to Taj Expressway). Mean while, work has already commenced on Reliance’s Dadri gas-based power plant in Greater NOIDA. The administration claims that new connections are installed within a 15-day time frame and complaints are addressed within 30-60 minutes.
In terms of telecom, Greater NOIDA is way ahead of its cousins besides being connected to the National Telecom Network o an optical fiber cable and digital microwave system, high-speed data communication services have been made possible by Reliance Infocomm, TATA Telesarvies, RPG enterprise and Power Grid Corporation. A broadband connectivity of 650 MBPS is provided and the city is being wired by OFC cable for Internet, Cable TV and future e-commerce and e-governance services.
And although malls have yet to come up, for quiet entertainment, there are outlets like Steller Gymkhana, Heritage Club, Sports Complex Amusement Park (232 acres) and a few other recreation alcenters. All the above is the good news. Now, for a spot of the bad: the biggest drawback with Greater NOIDA is that the occupancy there is yet to cross the psychologically safe 10 per cent benchmark, eight years. But if you wait that long the opportunity of buying a good piece of property might just slip out of your hands. The prices have already climbed:
Connectivity with Delhi is an other issue, but if you take six lanes Expressway, which is already laid and operational, it’s just about an hour’s drive away from the railway station and the IGI Airport via the DND Bridge, where you are unlikely to hit any traffic bottle- neck. All things considered, if you are still not sure about Greater NOIDA’s real estate prospects, do follow our advice and take your child for that visit to a great urban site and checks the ground conditions for yourself.
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