Thursday, May 27, 2010

Greater Noida and NCR Development in Property in India

The development of Greater Noida is managed by the Greater Noida Industrial Development Authority. Greater Noida is a fast growing region; it is the largest industrial and education hubs of India. Greater Noida is located at 40km south-east of Delhi and about 20km south-east of Noida, one of the largest industrial townships in Asia. Greater Noida is having number of national and multi-national companies as IT hub and as well as number of private educational institutions also known as the Educational Park. A number of tourism and entertainment projects are under development in Greater Noida.

The Government of Uttar Pradesh decided to integrate the city of Greater Noida, as an extension to Noida. The city was planned to be situated approximately 25 km from Noida with including a railway station and an international airport, Greater Noida is intended to develop as an independent city. Initially, the city developed very quickly but due to political and economic instability, the development slowed down significantly. The infrastructure planning of Greater Noida is similar to that of Noida. Greater Noida is a planned township and Roads are wide with service lanes for every major road. All electrical system and utilities are run underground. It is currently planned to be connected to Delhi through Delhi's metro system by 2016. By these reasons Greater Noida as the next hot spot for both the expansion of residential and commercial real estate properties and activities.

With all the above developments taking place, Greater Noida has become one of the most essential destinations for property growth and the increasing in value of the property. Many builders and property developer has been well capturing the increasing demand of residential properties in Greater Noida. Many townships are going to be launch in the Greater Noida with outstanding structure and amenities. Greater Noida being IT hub and Educational park many students and job seekers are migrating from many places and they are searching for residential property for rental and many industrialists and investors are looking for residential and commercial properties for both purchasing and rental purpose. The demand is growing day to day and the Greater Noida property in India is going to be too demanding due to its development.get details about New projects in noida.


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