Noida - Property Price Overview
New Okhla Industrial Development Area or NOIDA, came into existence on 17 April 1976. Spread over 203.16 square kilometers, Noida is an integral part of the National Capital Region. Noida is one of the largest planned industrial townships of India. Unlike other townships that give emphasis only to development, Noida authorities took much care in the development and maintenance of the green belts, gardens and parks for a sound balance of development and environment. These favourable conditions have made many industrial units, media houses and MNCs to shift their base to this township. It is now a hub of IT services outsourcing and business process outsourcing.
Top 10 localities in Noida on the basis of maximum real estate action are Sector 110, Sector 137, Sector 77, Sector 93, Sector 134, Sector 50, Sector 78, Sector 75, Sector 74 and Noida Extension. The average per square feet (psf) rate for Noida in March’12 is around 4100/- which is a rise of 70% in the past 12 months.