Transactions related to real estate have always been comparatively high in Delhi due to the numerous options. The real estate companies have served individuals according to their needs all across the world but the services of this sector in Delhi are even tailor-made. NOIDA (New Okhla Industrial Authority) is located at the outskirts of this capital city, famous for its residential property has offered convenient lifestyle. However, it depends on a person whether he wants to invest on property in the form of plot, condominium, villa, apartment or likewise. This location is nowadays even being considered for commercial purposes. Initially, this site of NCR was developing in an industrial zone but at present, it has widened into a full-fledged commercial spot which occupies over 20% of the entire NOIDA property.
The rising demand for property in NOIDA has not let prices go up due to the sufficient supply. Most of the companies whether they are Indian or MNCs, the owners deem to be NCR as their favorable location for setting up their offices. Hence, the commercial property in NOIDA is always fetching property dealers, lots of money. Real estate enthusiasts are motivated to open up their individual services after they have seen the smooth growth of realty companies. Most of the sectors of NOIDA witness IT companies followed by the other business houses. Evaluation the monopoly of IT firms over here, an observation that pops up in mind is the establishment of BPOs in NOIDA. It is becoming home to BPOs relatively after sheltering the various IT companies. Statistically, the expansion of property has been carried out on the basis of demand by the IT sector.
If you are visiting this locality then you must keep in mind that various sectors in NOIDA have been constructed in an exclusive manner. For instance, if the property at NOIDA Extension was meant for retail then it would have probably decided that the sector should have most of the shopping complexes. This may be the possible reason behind the development of most of the retail stores in Sector 18. Calling it as retail market of NOIDA will be appropriate. You will come across 'The Great India Place', a multiplex which is home to retail stores of various brands. On a commercial note, this largest industrial city has been popular yield for the business class. On a contrary, the NOIDA apartments have contributed to the assets of real estate too. In fact, with the help of residential properties itself, the market has seen profits flowing in.
It was 17 April 1976, when NOIDA was developed after the UP governing board declared it as eligible locality to host commercial activities. Under the Uttar Pradesh Industrial Development Act 1976, NOIDA was named and ever since it has contributed to commercial sector effectively. In the context of real estate, this city has become a prominent leader of NCR. It is worth mentioning that commercial sector as well as residential property has collectively added to the wealth of real estate.
The rising demand for property in NOIDA has not let prices go up due to the sufficient supply. Most of the companies whether they are Indian or MNCs, the owners deem to be NCR as their favorable location for setting up their offices. Hence, the commercial property in NOIDA is always fetching property dealers, lots of money. Real estate enthusiasts are motivated to open up their individual services after they have seen the smooth growth of realty companies. Most of the sectors of NOIDA witness IT companies followed by the other business houses. Evaluation the monopoly of IT firms over here, an observation that pops up in mind is the establishment of BPOs in NOIDA. It is becoming home to BPOs relatively after sheltering the various IT companies. Statistically, the expansion of property has been carried out on the basis of demand by the IT sector.
If you are visiting this locality then you must keep in mind that various sectors in NOIDA have been constructed in an exclusive manner. For instance, if the property at NOIDA Extension was meant for retail then it would have probably decided that the sector should have most of the shopping complexes. This may be the possible reason behind the development of most of the retail stores in Sector 18. Calling it as retail market of NOIDA will be appropriate. You will come across 'The Great India Place', a multiplex which is home to retail stores of various brands. On a commercial note, this largest industrial city has been popular yield for the business class. On a contrary, the NOIDA apartments have contributed to the assets of real estate too. In fact, with the help of residential properties itself, the market has seen profits flowing in.
It was 17 April 1976, when NOIDA was developed after the UP governing board declared it as eligible locality to host commercial activities. Under the Uttar Pradesh Industrial Development Act 1976, NOIDA was named and ever since it has contributed to commercial sector effectively. In the context of real estate, this city has become a prominent leader of NCR. It is worth mentioning that commercial sector as well as residential property has collectively added to the wealth of real estate.
Courtesy By :- http://ezinearticles.com/?Spend-Wisely-on-Property-in-NOIDA-&id=7134455
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