Greater Noida's distance from New Delhi, which was once a big setback for the area's growth and infrastructure, has become a boon for it. Earlier, individuals and investors shied away from picking up property in Greater Noida, but that sentiment has changed now. Greater Noida's real estate is one on the most promising and growing segments.
The city's distance from Delhi is its biggest asset. The area is bracing up to accommodate the new international airport at Jewar, 160-km long Noida-Agra Taj Expressway and a chick, spank F1 track too. Greater Noida has cinched these massive infrastructural projects only because vast expanses of land are still available there. This is something next to impossible in Delhi and NCR region.
Earlier, Greater Noida was considered to be a remote place. Now, the civic authorities in alliance with private property builders have chalked out plans to develop the region as an integrated and self-sustained city.
The civic authorities there, the Greater Noida Industrial Development Authority (GNIDA), is bracing up the civic infrastructure. The city has been promised 24x7 power supply and abundant sweet water. The Uttar Pradesh Development Council has lined up many concessions in Its IT Policy for Greater Noida. The idea is to attract IT and ITES companies to this segment. The GNIDA claims to have worked out a scientific layout plan for the city's development.
Greater Noida is the centre of attention of the property developers and dealers. Property developers are scouting for land banks there. Many have already announced their residential and Commercial space In Noida. Property dealers feel that the property prices in Greater Noida are at least 40 per cent less than Gurgaon. This factor is attracting users in large droves.
The capital price for residential plot in Greater Noida varies from RS 23,000 - Rs 28,000 per sq mtr, while residential rentals vary from Rs 2,500 to Rs 8,000 per month. The posh localities there are Alpha, Beta and Gamma sectors. A 3BHK (200 sq mts) in any of these sectors cost Rs 27,000 per sq. mtr.
Greater Noida, is managed and controlled by Greater New Okhla Industrial Development Authority (GNOIDA). The city was created under the UP Industrial Area Development Act.As we all know that Noida is considered to be one of the more modern cities of Uttar Pradesh State of India.
One more thing about the it is that Noida is a major hub for multinational firms outsourcing IT services. Many large Software and Business Process Outsourcing (BPO) companies have their offices in the city. So that we can conclude that Noida is the city where commercial office space and property of big companies exist. In it many company have their Indian branch offices.
These are all about Greater Noida the IT city of India. And now I am describing here some of the advantages of investing in Greater Noida property.
1. Property has proved a secure investment over the past decade in Noida, with returns above 15 per cent. therefore by investing in Noida we can earn at least 12 per cent return on investment.
2. Second advantage of investing in Noida real estate is that its values have experienced increase in its value for the last several years and this increase in value of Preleased Commercial project In Noida is due to the increasing demand for real estate in Greater Noida. So that we can conclude that if at present we invest in property of Noida it is almost sure that we will get appreciation in near future
3. As we all know that property of oida is in great demand because Greater Noida is a hub of IT and commercial office of big companies,that's why its property can be improved in order to garner a better price and more profit when you do choose to liquidate it as an investment.
4. By having property or commercial office in Noida we gain pride and reputation of having business office in Greater Noida because of Greater Noida lucrative market and it is considered to be modern city in India.
This is all about the benefits of investing in Noida, Now I mention here about a most profitable project of the Greater Noida. This project provides a new EDGE to the Greater Noida TechZone. By investing in this project we can have Commercial space In Noida office space.
