With launch of Gautam
Buddha Expressway and vigilant NOIDA authority
persistently endeavoring to deliver world-class
facilities and infrastructure, NOIDA is looking
forward to multitude of plans to be materialized
and take shape within a short period of time.
Noida authority is looking forward to set
up a medical city on a spread of 50+ acre
of land along the expressway to be named Arogya
Dham. This medical city shall be a congregation
of super-specialty hospitals with world –
class facilities and matching commercial complex,
attendant’s homes and plenty of open
space thanks to wide roads, parks and green
cover.
The authority is also planning to set up
a IT and Education city on 350 acres of land
alongside Gautam Buddha Expressway, wherein
MNCs giants and NRIs will be proposed incentives
to move in and establish IT/ software-related
enabling services.
Plans are to set up educational, training
and Research & Operation Institutions
par excellence through players like Hero Honda
and NIIT.
Plans are to set up a multipurpose SEZ (Special
Economic Zone) spread on 2,500 acres of land
along the Expressway envisioned to be categorically
divided into industrial, residential, recreation,
commercial and facilities. Within this plan,
600-1000 acres of land has been earmarked
for handicrafts related SEZ. The much-awaited
Noida City Center between sectors 25A and
32 is also a futuristic offspring of this
plan.
The Botanic Garden of Indian Republic (BGIR)
is being set up on a spread of 200 acres in
sector 38A to conserve the endangered plants
of the country and showcase its near extinction
plan diversity.
The Symbiosis Society University has been
planned to spread over 40,000 sq mt. land
area in sector 62, to house the university
with residential facilities for educational
training, research and development and allied
activities. Gautam Buddha University is also
in the pipeline.
It is also planned to connect Delhi and NOIDA
through Delhi Metro Rail Corporation phase
II construction program, latest by 2009.
NOIDA is also setting up CNG-based outlets
for vehicles in collaboration with Indraprastha
Gas Ltd.
Furthermore, NOIDA has announced to provide
piped LPG connections to housing colonies
and industrial sectors for cooking purposes
before the end of current five-year plan.
Why one should invest in NOIDA?
Noida is blessed with the strategy and location
that makes it most conducive to be the center
of industrial, commercial and residential
activities. With a government which encourages
least red tapism and bureaucracy; functioning
with the concept of ‘one stop shop’
or ‘single window clearance’ for
all clearances, flaunting commerce friendly
policies and keen to work on the infrastructure
innovatively as well as rigidly, the property
market of NOIDA is set for an indefinite upswing.
An Entrepreneurs paradise, NOIDA is situated
at the doorstep of Delhi, only 14 kms from
Connaught Place and Delhi Railway station,
35 kms from IGI airport. Because of cutting-edge
infrastructure, Noida is home to leading multinational
businesses, industrial giants, educational
institutions and super-specialty hospitals.
Especially considering the vibrant and ambitious
plans in store for NOIDA’s development
and enrichment including NOIDA city center,
Arogya Dham, IT and Education City and Metro
Rail project, the city is all set to attract
and maintain more big names and new players
from all walks of trade and commerce fraternity
and otherwise. In other words, NOIDA is going
to make it very big. So before it becomes
big enough for your size, you should exploit
the situation to your own benefit. It may
not be out of place to mention here that the
property rates of NOIDA have more than tripled
in a short span of five years! What’s
more, the trend is bound to be more aggressive
in the coming years. So if you have money
to spare, enough to purchase realty, be it
on lump sum or installment basis, real estate
market of NOIDA can fetch you great returns
for your money in shortest period of time.
The yield from the realty sector is both
safer and more profitable than the return
from the stock market. The real estate companies
like DLF Universal Ltd., Unitech Ltd., Parsvnath
Developers, DLF universal and HUDA are raising
thousands of crores through their IPOs (Initial
Public Offer) reflecting upon the popular
sentiment on real estate market. Recently
government has also allowed the FIIs (Foreign
Institutional Investors) to invest in real
estate issues to further more foreign investment
inflow, again showcasing the lucrative nature
of the real estate market. Further more SEBI
and AMFI are working together towards forming
guidelines and regulations for real estate-based
mutual funds to pave way for fund houses to
launch schemes for investing in the real estate
sector.
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