Noida –The Next Boomtown for Foreign Investments

August 3, 2007	(Be the first to rate this story!)  Loading ...
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Noida is all set on the way to become the next boomtown for foreign investments. To tap the growing real estate development, Noida – Greater Noida Authority is inviting big companies and renowned corporate houses to broaden their horizons in the twin cities.

Prices of residential plots in Noida hover around Rs 4,500 - Rs 7,500 per sq yard for the newly developed sectors. As far as the reserve price for group housing is concerned, its bid starts from Rs 8,000 – Rs 15,000. The main job of the Authority is to look after the industrial development in twin cities and the state’s focus is also on the growth of industries. There has been a considerable increase in industrial rates for the last couple of years and is likely to soar once the Taj Expressway is completed.

The non stop 160 km Expressway will link Noida with Greater Noida. The state government has given a nod to mega development projects catering to the development of fly over, metro rail, and bus services. The proposed four new flyovers have been approved at Rajni Gandha Crossing, Atta Crossing, Golf Course, and Sector 14 T-Point recently.

Outlined below is the chart featuring the pries of different residential property in posh localities of Noida:

* BR – Bedroom Flat
* BHK – Bedroom + Dining Hall + Kitchen

The authority is stepping up its efforts fast to hit the fast pace of real estate development in Noida. It has taken several steps to improve infrastructure facilities in Noida.

News Published Under:   Noida |