New Okhla Industrial Development Authority is a department of the government of Uttar Pradesh in Gautam Buddha Nagar District, India. NOIDA came into existence on 19 April 1976 and celebrates 19 April as "NOIDA Day".

A city where the future is present and ultra modern infrastructure is ready and waiting for you. Come witness a glorious partnership of industry with nature, life with lifestyle and administration with enterprise.

No delays, no congestion, no problems. Greater Noida, a world city planned with an obsession is ready to welcome you to the future.

Real Estate Development

It’s the kind of living in a prime suburban neighbourhood that you've always dreamt of - in your own home with large rooms amidst open spaces that encompass lawns, gardens and a driveway. Also, where you enjoy 24-hour power and water supply and plenty of fresh air. Now, it's within your reach. Just a half-hour drive from Delhi - via the DND Flyway and six-lane expressway to Greater Noida, in an uncongested, pollution-free environment with world-class facilities for better living.

Being developed on 20,000 hectares with wide roads, underground cabling and drainage system, the city offers amenities and infrastructural facilities of international standards. Among them : Reputed Educational Institutions, Shopping Centres, Medical facilities, Aesthetically-developed Theme Parks and Entertainment Complexes- and even a 222 acre international designer Golf Course.
You couldn't ask for more! With an expected population of 3 lakhs up to 2001, 7 lakhs up to 2011 and 12 lakhs up to 2021, Greater Noida City has been designed for planned growth to ensure supply will always exceed demand.

As many as 25,000 plots have already been allotted to various professionals and senior executives. To join this exclusive neighbourhood, you can now buy affordable plots in prime locations of Greater Noida.

Real Estate Development

Greater Noida is a known planned township situated in proximity to the India's Capital city, Delhi. As such, the area falls within the NCR region and is adjacent to Noida, the first industrial township in Asia. It is a township developed on the outskirts of NOIDA, is mainly to cater to the phenomenal influx of population into this region in the last few years.
If Noida boasts of a vigorous growth as far as real estate is concerned, Greater Noida indeed tops the chart in real estate development. Much development has taken place here during past years, making Greater Noida an attractive destination for prospective investors. Greater Noida has shed its old area tag and is on the verge of emerging as a fast developing infrastructure support system.

Property market in Greater Noida is flourishing at a tremendous pace. Whether talk about residential property or commercial, both are raising sky high and that too with rocket speed. The demand for property is outstripping supply thereby resulting in an increase in rental and property prices.

What adds on to real estate value of Greater Noida is its proximity to Noida and also its pollution-free environment. Indeed, the authorities do not permit polluting industries to set their establishments here. There are laboratories for measuring ambient air quality. With a multitude of construction projects budding in this twin city of Noida, its infrastructure is metamorphosing from better to excellent.

A lot of quality constructions are expected to be coming up in the residential market of Greater Noida. Adding to the living standard are improved infrastructural facilities like wide roads, proper underground cabling and excellent drainage system. A number of shopping avenues featuring world class brands and outstanding services also make Greater Noida an attractive destination for investors.

One of the major reasons why people are mulling over investing their money in Greater Noida is the escalating prices in Noida. The rate of property in Greater Noida range between Rs 2,400-2,800 per sq ft m as compared to Noida whereas the rate of built up property is no less than Rs. 3.500 per sq ft. Likewise, land rates in Greater Noida hang between Rs 16,000 - 22,000 per sq m whereas it is between Rs 35,000 - 65,000 per sq m in Noida.

Greater Noida is also establishing itself as an attractive value proposition for commercial properties. One of the most significant sector gaining high market value in the commercial phase of into view, is the IT and ITES sector. It is believed to be the key driver for the office market which accounted for a major portion of the over all office absorption.

Alpha, Beta, Gamma, and Delta enjoy reputation of being well-settled sectors in Greater Noida. Here the going rates for land range between Rs 16,000 - Rs 18,000. Following in ranking are P3 and Swarna Nagri, where the property prices are slightly high. Top real estate developers like Unitech, Eldeco, Ansals, Omaxe, Parsavnath, Assotech have established their presence in Greater Noida.

Adding more to its investment features are better connectivity like plans to build an international airport and connecting by Metro Railway. Undoubtedly, Greater Noida is riding on growth wave and promises to set new benchmarks.

Residential

It’s the kind of living in a prime suburban neighbourhood that you've always dreamt of - in your own home with large rooms amidst open spaces that encompass lawns, gardens and a driveway. Also, where you enjoy 24-hour power and water supply and plenty of fresh air. Now, it's within your reach. Just a half-hour drive from Delhi - via the DND Flyway and six-lane expressway to Greater Noida, in an uncongested, pollution-free environment with world-class facilities for better living.

Being developed on 20,000 hectares with wide roads, underground cabling and drainage system, the city offers amenities and infrastructural facilities of international standards. Among them : Reputed Educational Institutions, Shopping Centres, Medical facilities, Aesthetically-developed Theme Parks and Entertainment Complexes- and even a 222 acre international designer Golf Course.

You couldn't ask for more! With an expected population of 3 lakhs up to 2001, 7 lakhs up to 2011 and 12 lakhs up to 2021, Greater Noida City has been designed for planned growth to ensure supply will always exceed demand.
As many as 25,000 plots have already been allotted to various professionals and senior executives. To join this exclusive neighbourhood, you can now buy affordable plots in prime locations of Greater Noida.

Commercial

Greater Noida has earmarked sectors for commercial activity on an area of 153.63 ha. These opportunities cover shopping malls, multiplexes, convenient sector shopping. These are available in various sectors as well as in the adjoining residential areas. The Greater Noida Industrial Development Authority floats regular schemes from time to time. Avenues of investment in the commercial space include:

• Plots
• Built-up space
• Kiosks
• Facilities

Noida

New Okhla Industrial Development Authority or NOIDA is a part of the state of Uttar Pradesh. Noida, an integrated industrial city with ample facilities is considered to be one of the most modernized cities of Uttar Pradesh and India to be precise. Noida is a part of National Capital Region (NCR) and it came into existence on 19th April, 1976. It was developed near Delhi in the 1970s as a modern industrial city under the UP Industrial Area Development Act, 1976. Noida has a separate administrative zone and functions as a separate district.

Spread across 203.16 km², 50% of its half a million population daily commute to Delhi, solely for the purpose of work. The famous Delhi-Noida-Delhi (DND) Flyway connecting NOIDA with Delhi runs across the river Yamuna and receives a good patronage from office-goers in the city making communication easier.

In the entertainment sector, Noida with its green locales is also famous for its Film city. Noida is also house to the prominent recording company, T-Series. Due to the popularity of this beautiful city, an adjacent township - Greater NOIDA has been developed on the outskirts of NOIDA to cater to the phenomenal influx of population into this region.

Economy

Lately NOIDA has become a hub for multinational firms outsourcing IT services. Many large Software and BPO companies have their offices in the city, notable being Birlasoft,Perot Systems,Fiserv, Adobe Systems, TCS, ATC Labs , Interra, AgreeYa Solutions, GlobalLogic (previously Induslogic), CSC, HCL, Hewitt Associates, EXL, Impetus STMicroelectronics, MtronPTI,Adobe Systems, Freescale Semiconductor, Sopra Group, Grail Research and Xansa. Many other companies have their Indian branch offices in Noida, because of the Special Economic Zone, the better, suburbian atmosphere in NOIDA and its closeness to Delhi. NOIDA also has the head office of the Software Technologies Park, in Sector 29, Ganga Shopping Complex. In industries, the famous music publishing company T-Series is based in NOIDA. NOIDA is fast emerging as a hub for automobile ancillary units, with companies like Daewoo, Escorts, Honda-SIEL and New Holland Tractors (JV of FIAT with Ford) opening up shop in the city. Of these Daewoo is currently closed. Major Manufacturing and other companies like ISGEC, LG, SAMSUNG, have their corporates in the city.

Commercial activities have also risen in the past couple of years due to a sudden spurt in malls and multiplexes.

All the development in the areas of Industry, Commerce and Trade have led NOIDA to be a model city in UP. It is a major revenue earner for the government through taxes. The NOIDA model is now being replicated across various cities in UP, with a proactive development agency working to achieve high growth rates for business, industry and commercial ventures.

NOIDA is famous for the Sector 18 market. The Center stage Mall which has the Wave Cinema is a famous landmark. Wave stages many film premieres with popular Bollywood stars making their appearances. In December 2005, North India's largest cineplex opened in Spice Mall. It has 8 screens and a seating capacity of 1821 people, second in India to PVR in Bangalore. The old market also exists in NOIDA, called the Atta Market by the locals.

Real Estate Development

Commercial
The corporate industry in recent years has viewed NOIDA as a commercial address which has not only fuelled the growth in these areas but has also managed to check the real estate prices. In the highly buoyant commercial real estate market, rentals transactions seem to be the order of the day.

The properties are fetching returns of 10% p.a. as rentals on the capital value of the property. With the likely hood of more corporates moving into these commercial areas in NOIDA, where the supply too is on the increase, the real estate prices are expected not to show too much of a movement either ways.

Demand for Noida properties is likely to reach an all time high with the Noida Board planning to develop one of the largest commercial spaces in the region. The project will take shape on 225 acres on the Noida-Greater Noida Expressway and the scheme is launched in January, 2007. The land is located in the sector 94 and 124. According to the estimates, the area will accommodate the construction of 6,000 offices, each of 100-200 sq.mtr.

Office Space: As conglomerates, both Indian corporates and MNCs are scouting for commercial spaces; NOIDA is emerging as a preferred IT & ITES destination of India. Real estate developers in Noida in their bid to lure investors are coming up with state-of-the-art office spaces as per international standards.

The most preferred locations for IT companies are sector 29, 57, 58, 59 & 60. Major office complexes of the town are located in and around Sector 18. As a result of recent addition of IT projects, the annual supply of IT space in NOIDA has now become approximately 0.78 Million sq ft, against the average demand of 0. 52 Million sq ft.

This increasing growth is well recognized by local authorities and efforts are being made by them to promote IT sector especially small entrepreneurs. Moreover, many BPO companies have also acquired office space in Noida.

Retail Space: Sector 18 is a major retail market of the city, which consists of high street shops as well as shopping malls. High street shops are available both on rent as well as on sale and the size varies from 200 - 500 sq ft. Some of the large shopping mall by prominent developers is under construction.

Residential

Noida offers ultra modern infrastructure where nature has not been compromised, thus offering a healthy lifestyle.

The residential sector in Noida is on a high growth wave. As more and more investments are pouring in for the IT & ITES sector, the population of Noida is also increasing by the day. This has consequently created a demand for residential properties in Noida. With the appreciation in Noida property prices in the recent past, people are taking this as an opportunity to buy property in Noida as a viable investment option.

This property investment trend in Noida has also prompted many investors from the adjacent cities of Delhi and NCR to buy property in Noida as an investment property. These investment properties in Noida are given out as rental apartments or rental homes; which are most sought after by the corporate population.

Expected Foreign Direct Investment of 30,000 crores in the coming years will be the icing on the cake. Non-Resident Indians (NRIs) are showing a preference for luxury apartments as a second home as part of their real estate investment portfolio.

Indian real estate in the residential sector is growing at an annual rate of 30%. Prices for residential properties in Noida have stabilized but some sectors show a visible fall in prices. Industry experts are of the opinion that this can be attributed to the increasing number of realty deals taking place in Noida.

Noida boasts of a phenomenal demand for residential units, in addition to considerable demand for commercial and retail space. The prime residential areas in NOIDA are located in Sector 14, 15, 27, 28, 29 and 37. All these sectors predominantly consist of plotted housing, while Sector 44 predominantly consists of Group housing. Trend shows moderately high absorption rates in the residential spaces. Most of the buyers are taking residential properties as a second home or for investment purpose.

These residential properties in Noida range from the flats/apartments, independent houses to high-end luxury homes like bungalows, villas, condominiums and penthouses. Moreover, real estate developers in Noida in their bid to survive the competition are coming up with innovative projects and facilities.

NRI Real Estate Trends

Noida offers lucrative investment prospects and ensured them to love themselves to have taken the decision to invest in Noida properties. Value of properties in Noida is increasing with each passing day.

Needless to say, NRIs today are one of the most potential and affluent class in the global economic scenario. For that reason, the city throws several options for invest across all types of real estate depending on the bite size, risk factors, and ease levels.

First is the Commercial property in Noida, which mainly boasts of office spaces that can easily be acquired by way of lease or for license for a particular span. Here, the commercial property is known to yield you high returns which are nowhere to found. Retail sector in Noida is another option which can be looked upon as decent investment prospect as local retail shops and shopping complexes in the city have been largely replaced by swanky malls.

Demand for commercial properties in Noida is skyrocketing and this is however the best time to make handsome investments. Industry connoisseurs see a phenomenal growth in the very near future. With better infrastructure and world class facilities, commercial properties in Noida are the most sought-after. With ever increasing demand for good property and high rentals in Noida, the returns are excellent and incomparable. Leases are usually for a long term, and renewable with rent escalation clauses.

The city of Noida is fast emerging as a good place for investments in retail, residential or commercial space. Rising demand from IT and BPO sectors in Noida has led to an unparallel increase in capital values for its commercial spaces in the past two years. Grade. Capital appreciation in retail property stands at 20-35 per cent on an average.

Also, Noida offers the most elite experience of living to NRIs, who are scouting the western environ to settle back in the country. Moreover, there is a proposal regarding setting up of NRI City in Sectors 96, 97 and 98 of Noida on an area of 360 acre.

So, high net worth individuals like NRIs can look forward to explore the prospects of making investments in Noida properties for the long term and high return

Infrastructure

The Government has left no stone upturned in nurturing Noida's infrastructure. The city falls under Delhi Telecom Network and has 33,000 lines on digital electronic exchange with an Exchange of 10,000 lines designed on EWSD German Switching Technology. This happening place enjoys excellent connectivity with major places especially the Capital, which is the political hub of the country, makes Noida an attractive destination for news channels.

Air, Rail booking services are accessible at Noida itself. Commercial activities have also made rapid strides in the last few years due to a sudden spurt in malls and multiplexes. Centre Stage is one of the most exclusive and known malls in Noida.

There are many large open spaces that have been developed as city parks and picnic spots thereby taking everyone's recreational need into account. Also, Ministry of Environment and Forest is coming with a new project to develop a National Botanical Garden that will come over a large area of 300 acres of land.

Anyone scouting huge sense of comfort with an array of infrastructural facilities like hospitals, school, and shopping malls can look upon as Noida residential market, which is undoubtedly a seller's market because there is always a dearth of fresh supply.

Keeping its highly education conscious populace into account, the city is no far behind in educational sector. Almost every sector in NOIDA has a school and hospital in it. Cambridge School, Apeejay School, DAV School, Army Public School, Ryan International, Vishwa Bharti, Delhi Public School, Amity School, Rockwood School, Modern School are some of the renowned schools in Noida.

Noida is not only known for being the industrial hub but the city offers more than one can expect. It is a home to the famous Film city established by Sandeep Marwah, the main operating centre of all the leading news channels and famous studios.

Noida at a Glance

• Availability of IT Parks and NEPZ offers better corporate space.
• Better Geographical and Topographical Advantages as compared to other Industrial Townships. Not very far from Delhi yet away from the dirt, grime and pollution, part of the National Capital Region, Noida is the industrial fairy land of the nation.
• Well Developed and Efficient Power Distribution Network. Uninterrupted power supply. 160 MVA surplus power available at 220/132 KV. Immediate load sanction and release of power. Further development and expansion of substation are under way. Noida has been declared as "NO POWER CUT ZONE" in the state.
• Surplus Availability of Water. Adequate potable and industrial water.
• Vast Stretches of green lands. 1/8 of the total area is open.
• Well Developed network of roads that span the length and breadth of Noida.
• Full-fledged 3 fire stations, equipped with modern equipments.
• Superb Social Infrastructure viz. well planned residential areas with adequate housing.
• Adequate accommodation at affordable price.
• Branches of all leading banks and financial institutions are thriving in Noida. Some of the leading names are: ICICI, Times Bank, Centurion Bank, UTI Bank, HDFC, Global Trust Bank and of course all the nationalised banks- State Bank of India, OBC, Indian Overseas Bank, Vijaya Bank & Dena Bank etc.
• Adequate police protection and strict vigilance keep Noida a safe place.

Major MNCs and Corporates in Noida

Noida is gradually transforming into an IT hub for multinational firms outsourcing IT services. The IT industry is the backbone of Noida's economic growth. With the overall boom in the IT industry in India, Noida stands the chance to be the favorite for IT investors, provided the relevant infrastructure is available.

With proper initiatives from the UP government, NOIDA with its potential can become one of the leading centers of the IT industry on the lines of Bangalore and Hyderabad.

Many large software and BPO companies have their operational bases in the city; notable being HCL, Adtel Software, Crescotech, ARCIT, ER&DCI, ALSTOM Systems, Xansa, Network Programs, Interra, Polaris, Technologies USA, R Systems, RMSI, ZEE, Delsoft, Birlasoft, IT&T, People.com, Cadence, Adobe international, Enpro, TCS, ST Microelectronics, Moser-Baer, Fedders Lloyd, Flex, Indo-Kupp, T-Series, BPL-Sanyo, Panasonic, Samsung, Eveready, Minda Huf etc.

NOIDA is also fast emerging as a hub for automobile ancillary units, with companies like Daewoo, Escorts, Honda-SIEL and New Holland Tractors (JV of FIAT with Ford) opening up sales unit in the city. Of these Daewoo is currently closed. The plant has been taken over by the Tata Motors, though nothing concrete is known about it.

NOIDA is also the head office of the Software Technologies Park, in Sector 29. STPI Noida is one of the key centers in India, acting as a key contributor to NCR emerging as an IT Destination and as the nodal center for other software technology parks in north and central India

Moreover, Noida has developed into a hub for the Media and Entertainment industry. Besides the Film City in Noida which houses the studios of major news channels; Noida is also the base for the famous music publishing company T-Series.

Real Estate Projects

Latest Real Estate Projects in Noida

The future growth of Noida seems to riding growth wave with the builders going on a construction spree. Parsvnath, a well known name in Indian real estate business, has bought Noida plot for group housing. The company plans to invest Rs 1.75 billion over three years for developing that land.

ELDECO Infrastructure and Properties has recently bagged two projects, Utopia and Ananda on its list - for Sector 93 A and Sector 48 respectively. The plots are especially designed to cater to residential requirements of high middle class and NRIs looking forward to return back to roots.

Unitech, another Indian builder, having a strong presence in Noida, is also coming up with The Great India Place project in Sector 38 A which would be develop over the large area of one million sq.ft. These buildings are to be built considering all requirements of civic society which serves as the USP of these exclusive real estate projects. The new residential segment will have everything from an ample parking space, Indo-Mediterranean architecture to roof terrace gardens.

Noida enjoys more preference over Gurgaon as it is wholly developed by the government authority, unlike Gurgaon where the private players play an underlying role.

A Special Economic Zone NOIDA is proposed and is strategically located near Delhi in NOIDA (30 minutes by road from central Delhi).

• An expressway - Taj Expressway is coming up in Greater NOIDA, which will connect NOIDA to Agra. This proposed six-lane super expressway would be about 160 km in length and would considerably shorten the distance between New Delhi and Agra, thereby reducing traveling time to about 100 minutes.
• The Taj Expressway corridor is attracting many group housing projects by reputed developers like Parsvnath, Prestige, Eldeco Utopia etc
• There is a plan to develop the entire corridor along the Gautam Buddha Expressway which includes development of a Biotech City, an IT City and a Medical City along the corridor.
• Delhi Metro which was slated to enter NOIDA in 2012 has now been planned for 2009, a year before the games in 2010.
• NOIDA will be connected to the Connaught Palace station, via the Barakhambha Road-IP Estate-Akshardham Complex link. A part of this link opened on 11th November, 2006. Work is on full swing on the rest of the stretch, in Delhi as well as NOIDA
• There are also plans to construct an Appu Ghar and a theme park.