Noida – A Preferred Destination


Over the last one year, the Delhi NCR region has witnessed a great number of residential projects being constructed and the market speculation is that the growth will continue in the same pace for the next two to three years. According to a report, the year 2008 will have the maximum number of residential projects completed. The Delhi NCR region has shown a quantum growth in the last few years. Gurgaon, Noida, Faridabad and now Greater Noida are poised to even grow more.

Noida real estate or Noida properties could not have it better. Five properties in Noida, including three industrial and two residential properties have been auctioned at a whopping price of Rs. 14.4 Crores, four times their original reserve price. Noida properties or property rates in Noida and Gurgaon and other NCR’s have moved up by close to 30% in a year. Apartment prices in Noida today range from Rs. 3000 per sq ft. to Rs. 4000 per sq ft. depending on the facilities available.

Noida from being just yet another city in Uttar Pradesh has become an important destination for companies as well as people who want to lead a quality life. People who felt cramped in Delhi moved to Noida and soon Noida was the hottest spot for residential property at a much cheaper price than Delhi but a better life. Noida property market started to look up with various companies also moving in to open offices due to lack of space and high property rates in Delhi.

Noida property news is only getting better with the fast emerging township of Greater Noida. Noida and Greater Noida are very well connected to Delhi. The DND flyover makes commuting time from Delhi to Noida extremely short and convenient and once the metro rail makes it way to Noida it can only get better. Greater Noida too is extremely well connected by the eight lane expressway which takes only 20 minutes to travel to Noida.

Greater Noida also boasts of being the only city in North India with privatized power distribution which ensures efficient and uninterrupted power supply. An international airport is also coming up in Greater Noida. Tourism is a also expected to boom as work on Taj expressway has started, linking Agra to Delhi via Noida and Greater Noida.

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