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Constituted under the U.P. Industrial Area Development Act, 1976, NOIDA has now emerged as a planned, integrated, modern industrial city which is well connected to the Capital of India i.e., Delhi through a network of roads, national highways and the ultra-modern DND flyovers, offering inter-road linkages to all parts of the country. Spread over an area of 20,316 hectares, with many sectors fully developed, NOIDA offers a pollution free high standard of living and highly supportive Industrial environment with its unique infrastructure providing numerous, matchless facilities.
The manifold advantages of being in Noida includes the abundance of skilled, semi-skilled and unskilled labor and a ready access to the services of experienced managerial personnel.
Noida has been planned on the grid iron concept and employs state-of-the-art technology in Engineering, Urban Planning and Architecture. Significantly, it conceptualizes the needs of the fast-developing city of the future. The action plan and approach compare well with international standards and is aimed at providing rapid growth of the industrial sector both in the State of Uttar Pradesh and in the Country.
Upcoming major projects like the Export Promotion Zones and Taj Economic Zone along the Yamuna Expressway are likely to push the economic development of this region, consequently giving a further boost to real estate development.
Commercial Realty market has witnessed an upward trend and more buyers and investors are showing their interest in it because commercial asset class has performed much better than the residential sector over the last few years. The new airport, like any mega infrastructure project will boost the economic activity around the Noida and Greater Noida regions. The western part of the Noida, where the Jewar airport is located, has already witnessed a rise in interest in commercial activity-particularly warehousing. There is uptick in office leasing in Noida and is the home of one of the largest Unicorn start up Paytm, a financial service company with multiple ventures including eCommerce, mutual-fund investments, utility bill payment, and person to person payments.
