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N oida is the gateway to the Uttar Pradesh realty market. Noida provides huge opportunity for the end-users and it is also an attractive invest- ment hub for the investors looking for good returns. "Noida is the logical answer to meet the need for housing in Delhi NCR. In terms of inventory, Noida has more choices than any other metropolis in the NCR. Noida is constantly expand- ing and growing and the expansion opens opportuni- ties for further growth in real estate. Such grounds have matured the real estate industry for different lots of buyers and investors in Noida. To draw buyers and investors to Noida, it has all features like good infra- structure, metro connectivi- ty and good road network. Upcoming major projects like the export promotion zones and Taj Economic Zone along the Yamuna Expressway are likely to push the economic develop- ment of this region, conse- quently giving a further boost to real estate develop- ment," said Aniel Kuumar Saha, chairman and manag- ing director at SAHA Groupe. Experts believe that gov- ernment agencies and authorities which have come up with favourable steps like Regulatory Bill, REITs, inter- est rates, Land Acquisition Act, have determined the right direction of the real estate sector of Noida region. Noida has gradually transformed into a hub of luxury and high-end projects to give a firm competition to the neighbouring cities and parts of NCR. There are numerous luxury projects underway as well as in the pipeline in the prime loca- tions of Noida. Factors driving towards a sustained growth The strategic location of Noida has been one of the major elements for the development of the real estate market in Noida. Closeness to Delhi and the metro connecting Noida makes connectivity easier. On the other hand, extended roadways and flyovers like the DND and other such roadways connect Noida directly to Delhi. RK Arora, chairman, Supertech Limited, said, "Noida has all the facilities when compared to any urban/metro town in the country which has led to the growth of real estate activities in the region. Rise in the number of high net worth individuals, and influx of global lifestyle trends are contributing sig- nificantly towards increas- ing demand for luxury housing in Noida. Noida has emerged as a well- developed micro market, having a substantial office and retail space, with com- mercial activity deepening in its various sectors, both, in terms of infrastructure facilities, like road net- works, power distribution systems and social infra- structure like hospitals, education centres. Benefit- ting from the metro net- work, expressways, wider highways and release of land parcels, Noida is con- stantly attracting develop- ers to launch more projects in the region." Experts pointed out that great infrastructure, good road network and metro con- nectivity to all key destina- tions are the prime reasons that have made Noida the preferred destination and has lured many investors to this area. Though Noida is known for its affordable housing projects, there are numerous luxury projects underway as well as in the pipeline in Noida and its adjoining areas. Noida is located very near to Delhi, and Noida also has multiple connect points with the capi- tal city and other parts of NCR, and this makes Noida a better place to live and invest. New and upcoming infrastructure projects are accelerating fresh demand and growth. Various pro- grammes to further improve infrastructure facilities and encourage real estate growth in accordance with the revised master plan 2021 have been set in motion by the Noida Authority. Amit Sethi 12 SATURDAY , FEBRUARY 21, 2015 THE TIMES OF INDIA, NEW DELHI/NOIDA/ GHAZIABAD towards sustained growth Noida’s realty market Noida's excellent infrastructure and proximity to the capital make it the most appealing real estate destination in Uttar Pradesh CONSUMER CONNECT INITIATIVE PREFERRED AREA Good road network and metro connectivity to all key destinations are the prime reasons that have made Noida the preferred destination and have lured many investors to this area. The market is only getting better now NOIDA HAS GRADUALLY TRANSFORMED INTO A HUB OF LUXURY AND HIGH-END PROJECTS TO GIVE A FIRM COMPETITION TO THE NEIGHBOURING CITIES AND PARTS OF NCR
