Property in Noida
For those interested in buying property in the National Capital Region (NCR), Noida and Greater Noida are the most sought after areas adjoining east Delhi. Besides being the country’s biggest industrial outposts, Noida houses corporate offices of many IT giants like Abode and Dell, IBM, HCL, TCS, etc. and many power companies like Tata Power, Indian Oil, Reliance and NTPC thus also making it an employment center.
As of now, Noida property is divided into three areas. The first area comprises of sectors 74-79, 119 and 120. The biggest highlight of this area is its proximity to the Metro Rail. Also these sectors have many ready apartments awaiting possession, priced between Rs 4500 to Rs 5000 per square feet.
The second area is the region across Noida expressway, which is a six-lane highway of length 24.53 kms and built to keep the load off the crowded NH2. Inaugurated in 2002, it connects Delhi with the two suburbs of Noida and Greater Noida. The presence of residential projects, industrial houses and foreign setups on both sides of the expressway has created a demand for hotels, shopping malls, restaurants and departmental stores in the area. The area also boasts of a horde of educational institutions, high quality hospitals and a draping 18-hole golf course positioned alongside. Known as the “employment hub” of UP it has the International Business Park containing both the global giants as well as many small time industries.
The area has hassle free connectivity to large bus stands like Amity bus stand, to railways stations like Bodaki Railway Station and has easy access to South Delhi and Greater Noida.
Built at a cost of Rs 400 crore to divert traffic from NH 2 and easily approachable with extensive facilities for commercial, residential and institutional activities it attracts many prospective home buyers. The enormous development and boundless facelift is making this area hotspot for Commercial Project in Noida and Residential Projects in Noida .
The third area is the Greater Noida (West), famous as Noida Extension, which is a part of Greater Noida and the most encouraging affordable residential locality of NCR as around 3 lakh flats are being constructed in this area. Just 5 kms away from the Sector 121, Noida, it is a popular option of working class of Delhi and NCR as the property rates are comparatively lower. Thus there are always lots of options for new as well as resale properties in Noida. The fact that it houses many IT companies, top educational institutions, malls, reputed hospitals etc and its infrastructural development has led to a sharp rise in the property market. The region has undergone exceptional development and is surrounded by posh localities of Noida and Greater Noida, which are excellent commercial and residential localities. It connects to Greater Noida, Noida, Ghaziabad, and directly to NH-24. The IGI airport is about 25kms and Ghaziabad Railway Station is 6 km away from Noida Extension.