Real Estate Properties in Greater Noida

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
• Key projects in Greater Noida are Gulshan Bellina, Amrapali Verona Heights, Amrapali Riverview, Amrapali Tropical Garden, Amrapali Adarsh Awas Yojna, Solitairian City Blue, Amrapali Verona Heights, Amrapali Terrace Homes, amrapali leisure valley.

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

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 Greater Noida residential properties 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

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.