Noida Real Estate: From Commercial to Residential

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Author: amaryadav

The Real estate in Noida city is goin g to country and off course NOIDA stands for New Okhla Industrial Development Authority is one of the famous and biggest cities in Delhi/NCR. It is the modern and most developed district of Uttar Pradesh. Noida became famous in last few years. The city is continuously changing its structure and emerging as a developed city in National Capital Region. from Delhi too, to this city. Noida is preferred specially by the IT people as so many MNCs are situated here and the employees who are working in those MNCs wants to reside near to their office. Noida is a perfect place for those who like to live in a city having less amount of rush and good modernity. Taking decision to purchase Noida property touch the height of sky due to shifting of so many people from other parts of the could be a good decision for any individual. Its infrastructure always attracts the people to stay here. With 4-way connectivity to Delhi via DND flyway, Ghazipur, Nizamuddin and Sarita Vihar through ITO, Noida tops the popularity polls, ahead of other NCR areas i.e. Faridabad, Ghaziabad and Gurgaon. Noida is specially preferred by the working IT professionals who are working in MNCs situated at Noida. This city also contains lots of good Bungalows available for sale and residential flats on rent. One can also establish his office by selecting a nice area which will be best suited for his business. Aware of the area's immense potential, builders are busy constructing high-end apartments. They are gung-ho, confirming the value of real estate in this area will only appreciate allowing a recouping of expenses and the making immense profits. With the Metro slated to connect Delhi and Noida by 2009, real estate will keep on doing well. As the metro work has also started in Noida it will give better traveling facilities to Noida people by using which they can reach to their destinations in few minutes rather than wasting their lots of hour by getting stuck in Traffic jams. Metro will not only make their life easy, but will also save lots of their time to which they can utilize with their families and friends. Noida boasts a huge demand for residential house, in addition to massive Commercial space on rent or sale. With the announcement of first e-home concept called Gardenia E-Homes at Greater Noida by Real Estate developer Design Arch, attempts are made to develop the city keeping minimum pollution level in mind. The project will focus on energy saving, water saving, better indoor air quality and hygienic conditions.

Data revealed that 35.66%area of Noida is being developed as a residential area. With affordable prices of the property and various financial schemes offered by builders and the construction companies, one can easily own or rent a property in Noida. Along with development, a continuous attempt is being made to keep the city neat and clean with a slogan of “Green Noida Clean Noida”.

With around 15-20% transactions in the first quarter of 2009-10 and witnessing the heaviest population influx makes Noida real estate the hottest market. Well established sectors like sector 44 and sector 50 offering a number of buying options in residential property in Noida became one of the prime investment destinations. Adding to the value of the city is the Metro Rail Network coming up and greater connectivity with Delhi because of Greater Noida Expressway. Metro train, Taj Express Highway, Greater Noida Highway, growing BPO/IT industry and a number of other infrastructural developments is drawing the attention of the builders.

With the constant rise in population, the demand for better homes has risen considerably in North India. With most of the major cities becoming extremely populated, people have started moving to new and emerging townships which are organized and planned in a much better manner by making use of the latest architectural designs and techniques. One such emerging township is Noida which is situated in NCR and is a preferred destination among people who are looking forward to purchase or rent a house in Noida. As Noida is a relatively new and emerging township which is immensely preferred by young, working professionals who are employed in multinational companies in the NCR, most of the townships, plots and apartments are built over a large plot thus, giving the entire city a luxurious and quality appeal. There are a number of residential flats, plots and bungalows available in the areas which are up for sale. Apart from residential purpose, Noida is also a preferred area for people who are looking forward to establish their offices in the vicinity. There are a number of commercial office space which are newly constructed and up for sale. Since Noida has been touted as the new hub for IT, there are a lot of property options for people who are searching property in Noida. One can check out the recently constructed IT plots and IT building spaces which make use of latest architecture, are comparatively fair-priced and are ideal for your business purpose. Also available is rental property in Noida for both residential and commercial purposes. Most of the constructors and developers who work on new townships generally prefer to give up the properties on rent as the demand for well-furnished apartments for rent in Noida has considerably risen up in the past few years. Noida is an upcoming township which serves as the ideal residential address already to a little more than five lakh people, is one-stop destination for people who are searching property in the form of big villas, flats, individual plots and stylish apartments. It is one township where almost forty percent of the total land available has been reserved for residential set ups complete with all the basic facilities, state-of-the-art infrastructure and other public amenities. Some other housing projects available in the area include group housing projects of selected categories and groups, such as Army Welfare Housing Organization, Air Force and Naval Housing Board among others. Therefore investing or buying a property in Noida is, definitely, a lucrative option.