Why Greater Noida?
Greater Noida, located in Uttar Pradesh, is under the purview of the National Capital Region of India. The development of this region has been undertaken by the Greater Noida Industrial Development Authority which manages the day-to-day affairs of the region. Greater Noida has close proximity to various regions of the Delhi-NCR and is a 35-minute drive away from Delhi via the 6-lane Expressway. The area is well connected to Noida through the Greater Noida-Noida Link Road. Almost 25% of the area is under the green cover, and the region has an excellent underground cabling and drainage system. The area is home to the fast growing industrial development. Leading giants like LG Electronics, Honda Power, Moser Baer, Daewoo Electronics, Videocon, T- Series and many more have already arrived here.
Real Estate Investment:
Greater Noida has seen a massive growth in terms of real estate investment with innumerous prominent real estate developers having their ongoing projects in this area. Its location and an excellent urban infrastructure make it supersedes the other areas in the Delhi/NCR region. Well built roads and a pollution-free environment make it the top choice of home buyers. The region also has an underground cable and drainage system as well as reliable power distribution through a public-private partnership. The sectors of Greater Noida like Alpha, Beta, Gamma and Knowledge Park 4 are completely developed and now have become home to many multi-national corporations. The region has good connectivity to other places in the Delhi/NCR regions through well maintained tree-lined roads.
Various prominent builders have recently launched their residential project in Greater Noida. Jaypee Group, is also among those who have their most ambitious project in the area. Jaypee Kassia in Jaypee Greens Sports City by the Group is considered to be the India’s first Integrated urban sports city, and is close to the proposed track for the Indian Grand Prix to be held later this year. It is expected that Greater Noida will expect more such real estate investments in the years to come.
While several projects Greater Noida Expressway is going to see a hike in property prices, the real estate business in Noida is going to see upward trend with renowned developers coming up with futuristic project in the city. Wave city center is one of such projects in Noida that has created a lot of buzz.
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