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Greater Noida Property: Greater Noida Real Estate

 

Top Localities in Greater Noida

Testimonials

Greater Noida Property Latest Discussions

Apr 14, 2014

Project Review of Mywoods Phase II

Comments : 2

Apr 12, 2014

I want to invest in Mahagun , my budget it 50-60L , which is best project

Comments : 1

Apr 07, 2014

Second Home on yamuna Expressway

Comments : 2

Mar 28, 2014

Investing in Yamuna expressway

Comments : 3

View More Real Estate Discussions

Recent Properties Posted in Greater Noida

Greater Noida Overview

Greater Noida is a city located in the Gautam Buddh Nagar district of Uttar Pradesh. It lies in the National Capital Region (NCR) and is situated at a distance of 48 km from New Delhi. It’s also located adjacent to Noida, one of Asia’s largest industrial townships.

The city was established as recently as 1991 with the aim to fulfill the aspirations of the growing population and economy of the NCR. Right from its inception, Greater Noida was developed as a planned and world-class city. As a result, the city boasts of enviable infrastructure ranked among the very best in the country.

Greater Noida enjoys a strategic and favorable location. It is well connected with major towns and cities within and beyond the NCR. It is, therefore, an excellent industry destination and attracts plenty of businessmen and service professionals from across the country.

Stats and Facts

  • The population of Greater Noida, as per the provisional reports of the Population Census of 2011, is 1,07,676
  • The average sex ratio in the city is 836 per 1000 males. The child sex ratio, on the other hand, is 823 per 1000 boys
  • The average literacy rate, as per the Population Census of 2011, is 86.54%
  • The Indian Grand Prix is held in the city at the Buddh International Circuit. The inaugural race was held on 30 October 2011
  • As part of the Commonwealth Games, the Time Trial cycling event was held at the Noida-Greater Noida expressway

Electronics and Information Technology

  • Similar to its neighbor Noida, Greater Noida is also an IT (Information Technology) hub
  • Both domestic and foreign multinational corporations have set up offices in Greater Noida. They’re typically located in IT parks, present in large numbers in the city
  • Some of the prominent players in IT and electronics already operating in the city are Hotline Appliances, Delphi, Videocon, L.G. Electronics, Moser Baer, and Daewoo Electronics
  • Besides electronics and information technology, Greater Noida is home to a number of news organizations and media houses. Hindustan Times is the major media organization in the city

Connectivity

  • Greater Noida is strategically located within the National Capital Region (NCR). Because of its proximity to Delhi, it’s well connected to both national and international markets
  • The nearest airport to Greater Noida, the Indira Gandhi International Airport, lies in Delhi, which is just a one-hour drive away
  • The railway stations nearest to Greater Noida are at Ghaziabad and Anand Vihar. These can be reached within an hour
  • An 8-lane expressway connects Greater Noida to Noida and Delhi. The National Highway (NH) 24 also passes by from near the city. The road infrastructure, therefore, easily connects Greater Noida to Jalandhar, Amritsar, Gurgaon, Ludhiana, and Ghaziabad
  • The Greater Noida corridor is earmarked for the expansion of the Delhi Metro, to make travel within and around the city easy

Greater Noida Civic Administration

  • Greater Noida comes under the district administration of the Gautam Buddh Nagar district of Uttar Pradesh
  • Greater Noida Industrial Development Authority (GNIDA) assumes the responsibility for the overall development of the city. This nodal agency was established under the Uttar Pradesh Industrial Area Development Act, 1976
  • The city comes under the Gautam Buddh Nagar Lok Sabha constituency

Greater Noida Infrastructure

Greater Noida is planned according to the Iron Grid concept. It uses state-of-the-art technology in architecture and urban planning. Lot of emphasis is laid on making the city pollution-free. The basic amenities in place in Greater Noida exceed the demand for them.

The optical fiber installed in the city provides broadband connectivity of 650 MBPS through 4 service operators. The power distribution and supply is reliable, and water is supplied to the city 24 X 7.

The city also has top-quality social infrastructure and housing. It comprises residential, industrial, commercial, and recreational areas.

Infrastructure Projects

    Bio-Tech Park

    Name Of The Project

    Impact Areas

    Expected Completion Date

    Remarks

    Biotech Park

    Greater Noida

    Under Development

    Agricultural biotechnology, industrial biotechnology, and healthcare are the focus areas in the park, both for research and manufacturing. Various common facilities like common cold storage facility, green house, and animal house will also be set up.

    Greater Noida Ganga Water Project

    Greater Noida

    Under Development

    The project will help improve water quality and bring relief to around 3 lakh citizens of the city.

    Yamuna Expressway Project

    The area stretching from Greater Noida to Agra

    Completed

    India’s longest 6-laned controlled-access expressway, Yamuna Expressway was inaugurated on 9 August 2012.

    Noida-Greater Noida Metro Link

    Noida, areas of Greater Noida like Knowledge Park-I and sector Delta-I, and the areas along the way from Noida to Greater Noida

    2017

    The Metro Rail system is being built in view of the overpopulated Delhi-Noida route and the population explosion in both the Noida and Greater Noida region.

    Integrated Transport Hub

    Boraki Railway Station along the Delhi-Kolkata norther railway line

    Under Development

    The proposed integrated transport hub will have a railway station, ISBT, and will provide bus and train services.

Greater Noida Real Estate

  • Greater Noida is being considered as a real estate hotspot for investors
  • Even otherwise, the city is a realty hotspot because of the adequately available basic amenities and well-planned infrastructure, the growth in the number of townships and SEZs, establishment of institutes and universities and the expansion of Biotech and IT companies
  • The city isn’t limited to being an end-user market. Many low-ticket investors are investing in the city’s residential units as they are confident of significant returns on the medium-to-long run
  • The availability of affordable options has also been responsible for causing a healthy price appreciation in the city

Key Localities in Greater Noida

    Localities

    Per Sq. Ft. Price – Q3 2013

    Rent Per Month For A 2 BHK Apartment (approx.)

    (Figures in 1000 rupees)

    Sector Pi

    3,779

    6.4

    9.6

    Zeta-I

    3,292

    5.6

    8.4

    Chi-Phi

    4,264

    6.4

    9.6

    Omega-I

    3,474

    6

    10

    Eldeco Green Meadows

    4,073

    7.2

    10.8

Charges by Government Bodies

    Property Registration

      Stamp Duty: 8%

      Note that the stamp duty charged is 10% in the areas listed under the UP Town Improvement Act, 1919.

      Registration Fee

      If the property value is below Rs. 2.5 lakhs, the registration fee is 1% of the property value. In case the property value exceeds Rs. 2.5 lakhs, the registration fee is 2% of the property value.

    Noida Power Company Limited

    Noida Power Company Limited is responsible for the distribution of electricity in Greater Noida. With a 30-year license from U.P. government, the company started its operations in December 1993. The city receives quality, uninterrupted power supply.

    Greater Noida Industrial Development Authority (GNIDA)

    GNIDA is responsible for ensuring water supply and managing the water supply infrastructure in the city.

    Lokvani

    As areas like Noida and Greater Noida are IT hubs, the government of Uttar Pradesh has been focusing on ICT initiatives. Lokvani is one such initiative, which is a unique model for Citizen Grievance Redressal System. It even won the Golden Icon Award in the service delivery category at the National Conference of e-Governance.

Greater Noida Real Estate Growth

The real estate market is progressing in leaps and bounds with the city sooner developing into a realty hot spot. Few of the favorable conditions are as below: *Well-organized infrastructure and basic amenities. *Significant growth in property market. *Well-organized real estate complexes along with SEZs and townships. *Expansion of IT and Biotech companies. *Establishments of education institutions and universities.