Greater Noida
Greater Noida is a part of the Delhi-NCR region and a planned city in Uttar Pradesh. The town is the epitome of farsighted planning and is laced with high-quality infrastructure and amenities. The town is also home to top MNCs and is becoming a preferred destination for many real estate buyers. The city also enjoys major infrastructure advantages like highways, airports, and the metro, which make navigation, business, etc. convenient. Let us explore Greater Noida in more depth.
All you need to know about Greater Noida
It is a city located in Gautam Buddha Nagar of Uttar Pradesh. After the Government of India reckoned in the early 80s that the rate at which Delhi is developing would result in overcrowding and ruckus, they decided to develop Greater Noida. The city came after towns like Gurgaon and Noida had been developed. In fact, Greater Noida was conceived as an extension of Noida. It was created by the UP Industrial Area Development Act, 1976 and spans over an area of 38000 ha or 380 km2 comprising 124 villages. Inspired by Greek numbers, it is divided into various sectors like Xi, Delta, Mu, Omicron and Tau.
The place holds the annual Indian Grand Prix at its famous Buddha International Circuit and Auto Expos, the exhibition of the best automobile trends in the world, at Expo Mart, Greater Noida.
Why is Greater Noida developing so fast?
Greater Noida’s pace of development has been rapid. Since its formation around 4 decades ago when it was just a cluster of villages, it has seen a lot of infrastructural and societal changes. The rapid rate of transformation of India, especially post liberalization, privatization and globalization in the nineties, helped the city grow at a significant rate. This development, though initially constrained to metropolitan cities like Delhi, Mumbai, Bengaluru, etc. could not integrate the influx of massive numbers of people that migrated into them.
So, the development of Delhi extended, first to Gurugram, then to Noida, and eventually, it also took Greater Noida into its fold. This led to the fast evolution of the city into the modern metropolis it is today.
The rapid expansion of infrastructure
There has been an unprecedented expansion of infrastructure in and around the city. The rapid expansion of Delhi NCR has aided the infrastructural development of Greater Noida. The congestion in Delhi led to people spreading out to the then satellite town; expansion of road networks, companies, office space and industries moving in also helped it evolve into a self-sustaining city.
What makes Greater Noida the best choice for commercial investment.
Greater Noida has been voted one of the most cherished destinations for living in Uttar Pradesh. People are instantly attracted by its green environment and efficient city planning which makes it an excellent place to live. This also attracts many real estate builders who are banking on its shining prospects. Let us explore the reasons which make Greater Noida an excellent investment option.
Connectivity to New Delhi and other cities of UP
Greater Noida enjoys excellent connectivity to New Delhi through Noida-Greater Noida Expressway. While interstate connectivity is enhanced by the blue metro line, cross country movement is made easy by railway stations like New Delhi and Nizamuddin. The city is also well connected to Agra and Mathura through Yamuna Expressway which makes visiting places like the Taj Mahal and Shri Krishna Janmasthan, very convenient. These have helped in bringing more people into the city who want to enjoy its peaceful and clean ambience while still being connected to all the important places. This has led to an increased demand for real estate which is only going to increase further.
Demand for modern housing
Greater Noida is home to top multinational companies like Aggreko Energy, Clear Pack India Pvt Ltd., Honda etc. Many IT and ITES companies like Wipro Technologies, NIIT etc. have opened shops in Greater Noida which heralds well for the setting up of similar companies in the city. These industries and companies have led to many people coming in for work, which has led to a demand for better living and thus for modern townships.
People have been growing accustomed to living in well-gated communities with top notch security. Premier builders like Omaxe have been setting their footprints in the city. The reputed builder offers a list of commercial properties in Greater Noida. With its current and forthcoming product portfolio you are primed for maximum gains on your investments.
Presence of top-tier colleges and schools
Greater Noida is close to top educational institutions like Amity University, Khaitan Public School, DPS Noida etc. which makes it a preferred education destination. Universities like Galgotia university, Sharda University etc. are present in the city which see people not only from the country but abroad too. This makes the city an attractive destination for students and teachers. A property in the city is only going to appreciate in rent.
Presence of wide, well laid-out roads and drainage system
Greater Noida has wide roads which make navigation convenient. The roads are future proof and will be able to handle an increase in traffic. There is also scope for building further arterial roads and highways in upcoming years. The drainage system is also well developed to avoid any water congestion in the city. This makes living in the city a dream come true. With the onset of many real estate developers like Omaxe, the city has options across multiple product mixes ranging from penthouses to affordable housing.
A plethora of Job Opportunities
Greater Noida offers numerous job opportunities for people. The presence of varied industries and companies make it a lucrative place for the current generation to work and settle down. Many more companies, especially IT and ITES will also make the city their home in the future. This will increase the prices of the property here.
Presence of Jewar Airport
Jewar Airport lies in proximity to Greater Noida which makes international travel very convenient. This will also lead to more people coming into the city, including foreign nationals, looking for work and living.
A place replete with top-class infrastructure
Greater Noida is a paragon of efficient planning, and it is quite evident from its infrastructure. Well-laid-out, tree-lined wide roads, manicured gardens, and excellent metro connectivity all gel effortlessly with the well-planned sectors.
Green spaces
The Greater Noida Authority which is responsible for the upkeep and maintenance of the city has retained 26.83% of the space of the city as green spaces which makes the city a beautiful place to reside in. With the current pace of development of the city and more people coming in, the town’s greenery is going to be a major attraction. This will ensure that your real estate investments in the town appreciate continuously.
Sports attractions
Greater Noida is famous for hosting Indian Grand Prix. The first, second and third editions of the Indian Grand Prix were held here in 2011,2012 and 2013, respectively. It also houses a cricket stadium known as Shaheed Vijay Singh Pathik Stadium, which hosted its first Ranji Match in 2015 and is now used as the home ground by the Afghanistan cricket team. Apart from this, it has one of the longest golf courses in India and a badminton academy of Pullela Gopichand.
All these attractions bolster it for becoming a major sports hub of India. This will help make the city very lucrative for people looking for good sports academies as well as recreational facilities which bodes well for the future of real estate in the city.
Industries
Greater Noida has been attracting a lot of attention in terms of investments. While Patanjali Ayurveda is investing 20 billion in a new project in the city, Taiwan Electricals and Electronics Manufacturers’ Association will also develop a manufacturing cluster with a US$200 million investment. All this development augurs well for the growth of the city. This will mean stellar real estate growth in the long run.
Primed for infinite growth…
Greater Noida with its current growth trajectory, world-class infrastructure, and presence of multinational companies is slated to become an ever more magnificent city in the future. The real estate development will only be bolstered by the city’s growth. To invest in the city with reputable property developers like Omaxe is a winning bet which will make your returns grow manifold.
