The Largest Commercial Space to Develop On Noida Land

December 26, 2006	(1 votes, average: 4 out of 5)  Loading ...
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Demand for Noida land is likely to reach an all time high with the Noida Board planning to develop one of the largest commercial spaces in the region. Conglomerates, both Indian and Multinational, scouting for commercial spaces, would now breathe a sigh of relief as the industrial heart of Asia is all ready to welcome them with its arms wide open.

The project will take shape on 225 acres on the Noida-Greater Noida Expressway and the scheme will be launched in the month of January. The land is located in the sector 94 and 124. According to the estimates, the area will accommodate the construction of 6,000 offices, each of 100-200 square metre.

The proposed project is believed to be three-and-a- half times the size of the Nehru Place district centre, the Capital’s prime business district, says a senior Delhi Development Authority (DDA) official.

Delhi sealing has emerged as one of the factors accountable for rising demand for office and commercial spaces in places like Noida. In keeping with this, industry watchers see it as a high growth period for Noida. This is primarily because of land scarcity in Delhi.

Proximity to Delhi is an advantage that Noida enjoys over its other counterparts including Gurgaon and Greater Noida. Also, better social infrastructure is another add-on to the list of the features owing to popularity of Noida.

The ongoing sealing drive has added to the rates of commercial property in Delhi. Few days back, the DDA sold a 7,232 square metre commercial plot in the Rohini twin district centres, sector 10, for a whopping amount of Rs 231 crore. It is believed to be one of the most expensive land deals for a commercial plot in Delhi.

News Published Under:   Real Estate India, Delhi, Noida |

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