Noida’s story began on April 17, 1976, during an emergency, with Sanjay Gandhi as its chief supporter. The city was envisioned as an extension of Okhla’s industrial area, leading to the establishment of the New Okhla Industrial Development Authority (Noida).
Despite industries moving from Okhla to sectors 1, 2, 3, 9, and 10 in Noida, people were reluctant to settle in the new city outside Delhi. However, as multinational companies like EXL, HCL, and Samsung started setting up offices, Noida’s appeal grew, attracting more residents and stimulating the real estate market.
Noida faced challenges such as lack of connectivity and major developers, while Gurugram flourished with its airport and robust infrastructure. The real estate market in Noida remained stagnant, with properties appreciating only based on market inflation rates.
The year 2016 marked a turning point for Noida, with improved connectivity through the DND Expressway and Mahamaya Flyover. Noida’s well-planned sectors, abundant greenery, and low pollution levels attracted people looking for a better quality of life.
Noida’s destiny took a monumental leap in 2019 when it was selected as the site for Asia’s largest airport. This development triggered a surge in multinational companies like Microsoft, Google, Adani Group, TCS, and DLF setting up offices and demanding land from the Noida Authority. The airport is expected to generate employment for 30-35 lakh people and serve 7.2 million passengers annually.
As employment opportunities, financial sectors, and cutting-edge infrastructure intertwine with Noida’s urban fabric, the city is undergoing a remarkable transformation. Property prices have skyrocketed, with a property once valued at 30-35 lakh rupees now worth 2.5-3 crores.
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With demand on an upward trajectory, Noida’s real estate market is poised for significant growth, surpassing other cities in the Delhi NCR. However, investors must be cautious of property scams and ensure to invest through reputable sources with proper legal documentation.
Witness the unfolding of Noida’s real estate saga as it transforms from barren land to a booming hub, cementing its position as the most promising destination in the Delhi NCR. Stay tuned for detailed insights into Noida’s sectors and the Master Plan 2041, guiding you towards informed property investment decisions.
Noida was established on April 17, 1976, during an emergency, with Sanjay Gandhi as its chief supporter, envisioned as an extension of Okhla's industrial area.
The presence of multinational companies like EXL, HCL, and Samsung attracted more residents to Noida, stimulating the real estate market and increasing its appeal.
In its early years, Noida faced challenges such as lack of connectivity, major developers, and competition from Gurugram, which boasted better infrastructure.
In 2016, Noida saw improved connectivity through the DND Expressway and Mahamaya Flyover, making it more accessible and appealing to residents.
The selection of Noida for Asia's largest airport in 2019 led to a surge in multinational companies setting up offices and increased demand for land, significantly boosting the local economy and employment opportunities.
The airport is expected to generate employment for 30-35 lakh people and serve 7.2 million passengers annually, enhancing Noida's economic landscape.
Property prices in Noida have skyrocketed, with values rising from 30-35 lakh rupees to now being worth 2.5-3 crores due to increased demand and development.
Investors should be cautious of property scams and ensure they invest through reputable sources with proper legal documentation to avoid potential issues.
Noida's Master Plan 2041 is expected to guide the city's future development, ensuring informed property investment decisions and sustainable urban growth.
Noida offers abundant greenery and low pollution levels, making it an attractive option for those seeking a better quality of life compared to other urban areas.
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