Noida Real Estate

Another fast growing suburb of Delhi

Noida is a major planned and integrated city in the National Capital Region (NCR). Noida came into existence on 19th April, 1976.

Located at the doorstep of Delhi, NOIDA is only 14 Kms. away from Connaught Place and New Delhi Railway Station, both of which are in the heart of New Delhi. The 5.5 km. long, eight lanes, NOIDA Toll Bridge across Yamuna connecting Maharani Bagh in Delhi to NOIDA has further reduced the distance, time and cost of commuting between Delhi and NOIDA. This famous DND Flyway receives a good patronage from office-goers in the city.

NOIDA is bounded by NH-24 By-Pass in the North, beyond which the Ghaziabad Development Area exists, in the East by River Hindon beyond which Greater NOIDA Industrial Development Area exists, in the West by River Yamuna beyond which are the States of Delhi and Haryana and in the South is the meeting point of the rivers Yamuna and Hindon.

New Okhla Industrial Development Authority, or NOIDA, is a department of the government of Uttar Pradesh. It is a highly industrialised city with various amenities available and is considered to be one of the more modernised suburb districts of Uttar Pradesh. It was developed near New Delhi as a modern industrial city. The city is home to the Noida Export Processing Zone (NEPZ) and many public and private sector offices. About 35% of NOIDA is being developed into residential areas. 450 sq. kilometers of land has been ear marked as residential areas and the rest is meant for group housing projects.

Noida is famous for the Sector 18 market. The Centerstage Mall - which has the Wave Cinema - is a famous landmark. In December 2005, North India's largest cineplex opened in Spice Mall. Lately, Noida has become a hub for multinational firms outsourcing IT services. Many large software and BPO companies have their offices in the city. Film City situated in Sector 16A is the hub of all major news channels and famous studios. NOIDA has a Golf Course of International Standards.

The Metro, which was slated to enter Noida in 2012 has now been planned for 2009, a year before the Commonwealth games in 2010. Noida will be connected to the CP station, via the Barakhambha Road-IP Estate-Akshardham Complex link.

The Noida Authority came under fire recently, for their controversial decision to build the world's tallest Skyscraper, thereby putting Noida on the world map. However, the decision was shelved, after protests from citizens through the media, as the city does not have the infrastructure to handle a 1 km. tall building.

Commercial activities have risen in the past couple of years due to a sudden spurt in malls, multiplexes and other real estate of Noida. Property rates, as a consequence, are on the rise in the township.

To cope with the growth, a new city named Greater Noida is being built east of Noida across the Hindon River.