The emerging destination for property!
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The emerging destination for property! New Okhla Industrial Development Authority, in short the city of Noida came into being on the 17th of April in the year 1976. It was created under the UP Industrial Area Development Act and is 20km away from southeast Delhi. The city of Noida is in the district of Gautam Buddh Nagar in Uttar Pradesh and its head office is in Greater Noida which is in close proximity to Noida. The city is a part of the Noida Vidhan Sabha and was rechristened to Gautam Buddh Nagar in the year 1997. The city is known for its cleanliness and ranks 17th in the list of the clean cities of India. Enclosed by Delhi, Ghaziabad, Faridabad and Gurgaon to some extent, it is in the NCR region. In the recent years it has become popular as the hub of the big brands and multinational corporate houses like LG, Honda, Pepsi to name a few etc. The area close to Noida which was earlier called the Noida Extension was recently officially renamed as Greater Noida (West). It was planned mainly to provide housing facilities to nearly a million citizens in the NCR belt. The area has been well planned and is brilliantly connected to the other parts of the region through rail, road and metro. It has a number of planned IT parks and industries with countless real estate projects which are the key attractions of this area. It is however involved in a number of land acquisition issues. But inspite of this and owing to its well planned and excellent connectivity, the place is steadily emerging as a favorite destination for properties among the growing number of people in the Delhi/NCR region. With the real estate in Noida appreciating at a real fast pace, more and more people are thinking of investing in the city. It has not only drawn the interest of Indians by far but has also managed to become a favorite amongst the foreign investors and NRIs as well. This has augmented the scenario of real estate investment in both the commercial and residential sectors in the last couple of years. This extraordinary development has created a flurry of job opportunities for a growing number of people in the city. The growing number of IT companies in the city has also added to the worth of the commercial space here which is by far occupied by a number of corporate companies on rent. Even the demand for residential space in the city is growing by leaps and bound. Top developers have come up with a number of projects meeting the requirements of one and everybody. One can easily find property in sector 75 Noida or sector 150 which are among the upcoming areas of Noida. One such project is the Panchsheel Pratishtha by the Panchsheel Group which promises to give the experience of living amidst world class facilities. Strategically situated, this project is an amazing opportunity for people with no budget constraints to own a place with world class facilities. It is well connected to a lot of famous places in the city of Delhi and promises to provide the ultimate living experience in a world class environment. With a large number of international and multinational companies entering the city, there has been a sudden surge in the growth of credible property builders in Noida. There are many developers and realtors who are setting up their own projects with world class amenities like hospitals, mall, Swimming pools, and clubhouses with all the indoor game facilities. People are not just buying property in Noida for living but also for making investments to rake in the huge profits in the future.
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