Topic: An Overview of the Booming Noida Real Estate Segment

Noida Real Estate

Noida is considered to be one of the major suburbs of Delhi. The city came into existence in 1976, located in Gautam Buddh Nagar District of Uttar Pradesh and controlled by the New Okhla Industrial Development Authority, hence the name NOIDA. Along with Delhi, Gurgaon, Faridabad and Ghaziabad it constitutes the most urban amalgamation of the country known as the NCR or the National Capital Region.

Being the largest planned industrial hub, Noida enjoys a highly thriving Noida real estate. Let us explore some factors that are responsible for the growth of Noida real estate market.

Factors behind the Growth of Noida Real Estate

If you are looking for the best alternative of Delhi, it is definitely Noida.

The close proximity to the nation's capital is one of the prime reasons behind the development of the city. The town is located about 20 kilometer Southeast of New Delhi. The construction of expressways and highways connecting Delhi and other important cities have shortened distance with respect to time.

Noida is also a growing hub of multinational firms outsourcing IT services. Numerous software and Business Process Outsourcing (BPO) companies are set up in the regions. This has directly caused the high demand for commercial as well as residential segments to create space for corporate offices and living spaces for large section of professionals.

The special economic zones are also being developed in the city to facilitate the growth of business and trade in the regions.

Noida is also the most favored ground for NRI investment.

Recently, Noida Authority has announced development of world's tallest 135-story building as part of the ambitious Noida City Center development project. Hence, we see the city of Noida has high prospectives of realty investment in the near future.

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