25 kms. from NOIDA, Greater Noida is a planned township situated in the state of Uttar Pradesh. Greater Noida falls in the National Capital Region (NCR). The town is known for its layout and plan having world class infrastructural facilities, with wide roads, underground cabling and drainage system.
The city has witnessed a very high level of Industrial investment and has now become one of the most favored destinations for industries.
The city authority has taken a new and innovative initiative with the construction of 'Ecotech'- An exclusive industrial area where rights of admission are reserved. The authority decides and allots plots to only non-polluting industries in this area. All these government initiatives for industries have made it an ideal option fore real estate investment. More and more companies are setting up offices in SEZ and also in other areas of the city.
Residential Sectors Following is the list of a few residential sectors that consist of independent houses, mansions and flats. The prices of these sectors can vary from Rs. 13000 to 30000 sq.mt. Depending on the location, facilities and infrastructural development. These are:
- Chi-Phi sector on Taj Expressway. The sector has plots with different sizes like 350, 500, 750, 1000 sq mtrs.
- Eta sector & Sigma sector on Ghaziabad-Greater Noida Expressway with plot sizes of 200, 300, 500 & 1000 sq mtrs.
- Swarn Nagri sector has some of the best layouts and plot size with 200, 288 sq mtrs.
- Delta sector / Rho sector
Commercial Sectors The city has earmarked certain sectors for commercial and industrial activity. Reputed real estate developers such as Ansal Group, Omaxe and Parsvnath Group are developing commercial buildings and estates in these centers and setting up shopping malls, entertainment centers etc.
Reasons for High Property Prices Infrastructural Development: Being a planned township, Greater Noida has fully developed infrastructural facilities. The development authority has tied up with a private electricity supplier for supplying 24 hours of uninterrupted electric current to residential and industrial establishments. This is the first of its kind initiative in the Northern India.
The city has also complete arrangement for road building, sewage management, water supply etc for its inhabitants. With the plan of an International Airport being made in the city, the rates of both residential and commercial plots have reached the sky.
Industrial Growth: Large number of MNCs in the IT, ITES, Outsourcing, Manufacturing and Engineering sector have been set up in the town, this has increased the demand of real estate and thus the rise in market prices.
Booming retail industry: With the ongoing boom in the retail industry there has been a huge demand for plots to construct, mall, complexes, showrooms. Big developing companies are undertaking such projects and thus there is also a huge demand for real estate.