Noida has climbed to the top of the charts in the NCRs realty scene with the introduction of the Metro line and major road connectivity enhancing its image among homebuyer and investors.
From being a distant town vis-avis Delhi and the NCR where people used to resist investing to a most sought-after destination,Noida has come a long way.The introduction of the Metro line and major road connectivity enhanced the image of Noida further.
The effect of the Metro was evident when big developers like DLF,Unitech,Wave City and Logics,etc,entered the Noida market and launched project in Sectors 59,62,18,City Centre and Sector 32,which are considered the IT and commercial sectors.
"The infrastructure in Noida is better in terms of roads,water,sewerage,electricity,parks,etc,as compared to other NCR towns.Connectivity to Noida is better than for Gurgaon because of the toll bridge which enables one to reach Noida in just 5-10 minutes from South Delhi,whereas it takes 40-45 minutes to reach Gurgaon from South Delhi,"Ram Gopal Gupta,an ex-chief town planner of DDA,says.
Rama Raman,former chief executive officer of Noida Authority (now CEO of GNIDA),says: "More than 65% of the area of Greater Noida comes under green cover,making its environment relatively clean;no wonder it is the first choice of those who want to live in an eco-friendly area.Also,a sub-city is being developed.Even industries causing pollution are prohibited here.For those granted permission,the authority not only ensures speedy clearance and approvals but also incentives to promote early commissioning of projects due to which the city has become a favourite choice of domestic and multi-national investors."
Commercial activities in Noida
When it comes to commercial activity in Noida,only one place comes to mind - Noida's Sector 18.Generation Next awaits the weekends to throng the place,which is vibrant with commercial activity.It caters to all the needs of people from shopping to food and entertainment.That is a reason that malls like Centrestage Mall and Great India Place get the attention which is the envy of others of their ilk.Developers also realize the potential of the place and are still interested to raise projects here.The 37-floorhigh Wave One - an integrated complex having retail,offices and cinemas - is coming up here on 16,950 sq metres,which is surrounded by Centrestage Mall and Radisson.
R K Jain,the executive director of Wave City,says: "In the recent past,Noida's Sector 18 has seen frenetic development and soon,it will become a hotspot of commercial activity.Some of the malls built here changed the way people shop and spend their weekends at the entertainment parks.The roads have been re-laid and the traffic has become signal-free.The whole look of this area is not a grain lesser than what we experience abroad.'
Then there is Wave 1st Silver Tower located at the intersection of major access roads of Sector 18 market in Noida.The total floor area that the project offers is approximately 2.3 lakh sq ft of which 1.25 lakh sq ft will be for offices and 74,000 sq ft for retail.The tower will have 11 storeys and the project is near completion.
Express development
In this journey,one place in Noida that has benefitted most is the Noida Expressway.Since the time the expressway became operational,the real estate around the stretch has seen tremendous response.Noida-Greater Noida Expressway is witnessing the fastest pace of construction activity in the whole of Noida.Some of the sectors that are catering to the housing demand are 93,119,120,121,128,134,137,151 & 168.
Projects coming along the expressway are reaping huge dividends owing to their proximity to good infrastructure and excellent connectivity.Catering to all segments from affordable to high-end,the stretch has almost all the reputed developers trying to gain attention of buyers and win their confidence.
In Sector 137,at Paras Tierra,one can see the fast-paced activity taking place,and it has been only 10 months since the launch of the project.This affordable luxury project is being built over 30 acres and has apartment sizes ranging between 825 sq ft and 2,900 sq ft in 2BHK,3BHK,4BHK and low-rise premium floor options.There are 2,800 apartments on offer and a majority of the apartments are open on two sides.Paras Tierea has a locational edge over other new projects in the vicinity as it is located close to the Noida Expressway.Tierea is also surrounded by markets,hospitals and schools.And the place where India's first Formula 1 Grand Prix will take place in October is not far from the project.Another project by the company is Paras Seasons,in Sector 168.It is being developed over 7.5 acres and offers 900 residential units.It is an affordable premium housing project in Sector 168,Noida.
Ajnara India Ltd is developing Daffodil here.The project has 1,100 residential units with the option of 2-, 3- & 4BHKs whose sizes range between 945sq ft and 1,695 sq ft.The starting price of the flats is Rs 24 lakh.Logix Blossom County is spread over 25 acres,Panchsheel Exotica has Fresco in Noida's Sector 137,and Paramount Floraville.People are investing here because they are assured of great infrastructure along with world-class construction and facilities.
