Reasons Why People Prefer To Buy Property in Noida and Noida Extension

Noida (New Okhla Industrial Development Authority) was developed with an aim of boosting the industrial sector of North India. This city is a part of NCR (National Capital Region) and is known for the fast paced and steady development that it has achieved in the last few years. Noida, which is located in the state of Uttar Pradesh, is a part of Gautam Buddh Nagar district and is the seventeenth cleanest city in India.

In the last few years Noida has steadily developed in various sectors and the Realty Sector is no exception. The Realty Sector of Noida has seen a boom due to investments pouring in from prominent Builders and Developers. The reason behind this is the increasing demand of residential and commercial spaces in the city. People are increasingly investing in buying residential and commercial Property in the city due to the reasons which are listed below:

• The city is a hub of multinationals and IT companies. The special economic zone status of Noida exempts the companies set up here from restricting federal laws which make this city an ideal place for carrying out lucrative business activities. This has led to an increase in demand for offices and residential spaces in the city which has impacted the overall economy. Apart from special economic zone status Noida’s proximity to New Delhi and sub-urban environment have also immensely contributed in generating investment interests.

Noida is known for its posh sub-urban environment which has immensely increased the residential settlements in the city. The city is home to many stadiums, malls and shopping arcades which make it an ideal place for buying residential and commercial property.

Noida City is known to have many prominent colleges and schools. The presence of these colleges and schools in the city has attracted many students from all over India to come down and settle in this city. This is one of the most important factors that have contributed in the development of Realty Sector in Noida.

Noida is well connected to New Delhi and other cities of NCR region via Delhi Metro. Apart from this, Noida also has many highways like Yamuna Expressway, which connects the city to the rest of north India.

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