“NOIDA Will Emerge As A More Prosperous City Than Delhi in A Span of 10 Years”

NOIDA, India - Nov. 14, 2014 - PRLog -- One of the chief reasons that led authorities to develop NOIDA and NCR regions is that Delhi had reached saturation point. Though it is the capital of India and major businesses have their headquarters here, Delhi ran out of space. It is plagued by traffic congestion and parking is a problem. NOIDA, on the other hand, is well planned and laid out with plenty of space for expansion. Real estate prices were low enough to attract enterprises to set up business operations here that in turn fuelled demand for commercial and residential spaces. NOIDA today looks more like a European city with its tall skyscrapers and lush spread of greenery criss-crossed by roads and dotted with residential and commercial complexes. NOIDA is growing horizontally and vertically. In comparison, Delhi is stagnating simply because there is no space to grow, no space to park and it takes hours to get to the city centre and out of it. NOIDA has excellent roads and communication facilities, making it lucrative location for IT companies and for multinationals.

Wipro, Adobe, Connexant, Cadence, Nokia, Siemens, Philips, Honda, Bayer and Zee TV are a few of the globally renowned companies operating here, employing top flight personnel in thousands. Employment fuels the growth of residential complexes and in addition to existing 2 BHK flats in NOIDA and 3 BHK Flats in NOIDA, one can see the growth of smaller as well as ultra luxurious pent houses and studio apartments in NOIDA. Today, with a turnaround in the economy, demand is rising with consequent price rises for residential property in NOIDA. That education, hospital and shopping facilities here are the finest are reasons enough to shift to this heaven. From Rs. 2500 or so per square feet in 2009, the average prices today stand at over Rs. 7000 per square feet for the residential projects

NOIDA proudly claims to have the highest per capita income in India in addition to being the best planned and cleanest cities in India. It is easier and quicker to travel from NOIDA to IG airport than it is from Delhi. Even people who work in Delhi prefer to stay in NOIDA due to the better quality of life and better environment as well as lifestyles prevailing here. In 10 years, as residential projects keep pace with commercial development, it will overtake Delhi and could well become the de-facto commercial capital of North India. NOIDA is a heaven for people looking for residential properties and it has the perfect infrastructure for business enterprises too.

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