Noida Witnesses Huge Infrastructural Growth Due To Economic Reforms

    Rupesh Gupta
    By Rupesh Gupta

    Noida has become a great spot for both Indian and international companies. Since the inception of NCR or the national capital region, Noida, along with Gurgaon, has come up as the adjoining and sister cities of the Indian capital, Delhi.

    Since Dr Manmohan Singh opened up Indian economy as the honourable finance minister of India, in 1991. India has seen unprecedented economic growth. With a GDP (gross domestic product) of 1 trillion dollars, India is now the 8th largest economy in the world. Attracted to this great economy, international companies have flocked in. The local companies flourished as well. The growth has benefited the Indian people as well as we now enjoy better life.

    To accommodate these companies, new properties have developed rapidly in Noida, Gurgaon and even the adjacent Faridabad. Noida, one of the planned cities in India, has seen the highest growth, however. This also means that finding a place for office in Noida is both difficult and expensive as this city is already very crowded. To counter this, developers are coming up with new project. However, as many companies can't afford to buy big and expensive offices, the developers also need to keep the prices down.

    There is another facet of this story. Reaching the far corners of Noida from Delhi is difficult for employees of these companies. For example, an employee who works in Noida sector 62 and lives in south Delhi might need to travel for 2 hours to reach work. So, obviously, these employees are looking to find a place in Noida to live as well. Thus, whoever developer is developing newer properties must also provide domestic space along with commercial properties.

    Developers are available of this as well and they are developing mixed properties nowadays to counter this problem. For example, Emporis Tower, one of the newest properties in Noida, is providing space for both commercial and residential purposes. The location is brilliant as it is well connected with all the corners of Noida via bus and metro rail. The developers have kept the price affordable as well. Moreover, they are helping customers to secure a bank loan which means you can repay in instalments.

    This is not the only property which we can look at. A simple online search can reveal so many different properties to choose from. Look at the location, the price, the goodwill of the developer before finally choosing one for you.


    Rupesh Gupta

    Rupesh Gupta

    Rupesh Kumar is an eminent writer who features years of experience in real estate writing.

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