Real Estate Market Attraction: Greater Noida Edition

Edited By: Ajit Panicker 

 Greater Noida is shaping up as India's smartest city, the National Capital Region’s most modern urban development. And the fastest-developing center of attraction for people from Delhi, Noida, Ghaziabad, Gurgaon and Faridabad.

Greater Noida has emerged as a modern model of farsighted town planning. Availability of basic infrastructure is planned to exceed demand at all stages of development and inter-flowing green spaces, a grid iron pattern of wide roads for an efficient transport system, and a unique integration of industrial, commercial, institutional and residential zones.

There's even an 18-hole, 236-acre PGA-standard golf course designed by renowned-golfer Greg Norman. And an endless supply of unpolluted, fresh air!

Just 35 minutes from Delhi by the state-of-the-art Taj Expressway, Greater Noida boasts of smart differentials:

Privatized power, Smooth and wide road, Abundant clean sweet water. Underground drainage, Unfailing optical fibre-based telephone network, Trade Mart for handicraft promotion, Impeccable law and order

Residential Destination: It is the kind of living in a prime suburban neighbourhood that you've always dreamt of - in your own home with large rooms amidst open spaces that encompass lawns, gardens and a driveway. Also, where you enjoy 24-hour power and water supply and plenty of fresh air. Now, it's within your reach. Just a half-hour drive from Delhi - via the DND Flyway and six-lane expressway to Greater Noida, in an uncongested, pollution-free environment with world-class facilities for better living.

Being developed on 20,000 hectares with wide roads, underground cabling and drainage system, the city offers amenities and infrastructural facilities of international standards. Among them : Reputed Educational Institutions, Shopping Centres, Medical facilities, Aesthetically-developed Theme Parks and Entertainment Complexes- and even a 222 acre international designer Golf Course. You couldn't ask for more!

With an expected population of 3 lakhs up to 2001, 7 lakhs up to 2011 and 12 lakhs up to 2021, Greater Noida City has been designed for planned growth to ensure supply will always exceed demand.

As many as 25,000 plots have already been allotted to various professionals and senior executives. To join this exclusive neighbourhood, you can now buy affordable plots in prime locations of Greater Noida.

Remember, only a city of the future can bring back the lifestyle of the past.

Greater Noida Industrial Development Authority (GNIDA) is the nodal agency responsible for overall development of the Greater Noida City. The GNIDA was established in Jan. 1991 under the UP Industrial Area Development Act, 1976.The Act mandates Planning, Development, Operations & Maintenance and Regulatory functions to a single agency – GNIDA.

Industrial Destination

Ecotech is Greater Noida's exclusive Industrial area where rights of admission are reserved. In fact, polluting industries are prohibited from setting up here. However, for those allowed in, the Authority ensures not just speedy clearances and approvals but also incentives to promote early commissioning of projects. An effective single-table functioning guarantees project clearance within a month and an empowered committee continuously monitors the progress of these projects.
Industrial investment taking place in Greater Noida is now over Rs. 10,000 crores. It has now become one of the favoured locations for good industrial investment specially of multinational investment because of its good infrastructure near Delhi and effective single window system of speedy decision making and clearances.

Ecotech Exclusives

• Early production incentives in the form of Rs. 50/- per sq. mtr. rebate on land cost if production starts within 18 months of land possession or 24 months of land allotment


• Single-table clearances


• No case pending beyond one month


• Weekly allotment of plots


• Monthly meetings of Udyog Bandhu, a collective forum of all concerned agencies, to troubleshoot entrepreneur related problems on the spot


• Technical Training and Vocational guidance Institutes for adequate supply of skilled and semi skilled work force


• Inland Container Depot to handle storage of goods


• Round-the-clock patrolling by mobile police vans for law and order maintenance


• Adjacent residential township with housing sectors, hospitals, schools, commercial complexes, recreational parks and even a 18-hole Greg Norman Signature PGA Level Golf course on 222 acres.

IT & BIOTECH Destination

Globally, the Information Technology (IT) industry is expected to be the engine for economic growth and social development for a long time to come. The advent of Internet and E-commerce has transformed and revolutionised traditional businesses and is significantly impacting industry, government and the society at large. India is rapidly emerging as one of the top global powerhouses in the IT sector.

The market openings have primarily been identified, by Greater Noida across four broad sectors:

• IT services,


• Software products,


• IT enabled services and


• E-business

These would constitute lucrative opportunities for Indian Companies. In addition to the export market, all of these segments have a domestic market component as well. NASSCOM forecasts revenues of US $87 billion and employment of two million people by the year 2008 by the Indian IT Industry.

• National Capital Region (NCR) ranks no. 3 in terms of the number of software firms companies based in it after Mumbai and Bangalore. In case of the ITES sector, the NCR leads with 20% of the total number of companies located in this region.


• Since the NCR has emerged as a hub for IT industry, Greater Noida could emerge as an IT destination of the future leveraging its proximity to the national capital and availability of quality urban infrastructure including housing.