If you are out to search a dream home in the adjoining areas of Delhi, believably your look will stay on NOIDA. Inhabited right between Yamuna and Hindon rivers, while one part of this city joins NH-24, the beautiful Express Way passes through the other part of the same. During the forthcoming days, people could reach direct to the love symbol ‘Tajmahal’ via this Express Way. In all, this area will undergo a sea change after a period of three years.
After some time you will see the changed face of NOIDA. Here on one side you will see Entertainment City, National Botanical Garden, International Cricket ground and Film City, while on the other side one will see skyscraper 20 to 40 storeyed towers. Amongst all these things, NOIDA authority has offered to builders of international brand to construct a model house in NOIDA.
Otherwise also, NOIDA has become the first choice of bureaucrats, big dignatories of film and sports including corporate world. The facilities which are available in the field of education and medical in NOIDA, may perhaps not be available in other cities of NCR. Robust arrival of Metro Rail has increased the attraction of NOIDA several times more. In forthcoming days when the rehearsal and competition of cycling during Common Wealth games will happen in NOIDA, its image will also emerge on the world map.
Keeping all this features of NOIDA in mind, NOIDA authority has once again increased the land rate during their board meeting held on 1st May, 2008. Though the authority had increased these rates on 17th July 2007. The major reason of increase in rates with in ten months only is the increasing popularity of NOIDA. Residential property rates have been increased by 20% this time.
Looking to the possibilities of commercial properties in NOIDA, five categories have been made first time in commercial sector. On this point Parsvnath Group MD.Pradeep Jain says “The infrastructure of NOIDA is of high quality as compared to its other cities in NCR.Investment opportunities in real estate are unlimited here. In forthcoming days NOIDA will consist of IT Hub, Education Hub and also coming big projects on both sides of express way. Alongwith NOIDA, all these factors will further help to develop Greater NOIDA also”.?
ATS Group Director Anand agrees that authority has hurriedly increased the rates. Owing to MNCs based in Gurgaon, the big corporate families have started constructing their homes in Gurgaon. Had there been no increase in rates, then they were sure to come to NOIDA. This evolution was also started.
In fact, people like NOIDA due to availability of water and electricity. Their opinion is that NOIDA should now be freehold. They say, “If it happened so, a sea-change would be visible in the outlook of NOIDA”.