New Okhla Industrial Development Authority (Noida
) is a planned, industrial city in the National Capital Region (NCR). Established four decades ago, according to certain surveys Noida
is considered to be the most livable city in the NCR and one of the largest industrial townships in Asia. Situated in Uttar Pradesh, Noida
is 14 kilometers far from Connaught Place, Delhis central business district (CBD). The New Okhla Industrial Area falls under the Gautam Buddha Nagar district. When compared to most other Indian cities, Noida
has more green spaces and wide roads. Since the population in Delhi
has grown spreading out to its satellite cities, Noida
has become a major real estate destination. Noida
is also one of Indias prominent commercial, industrial and IT hubs. Noida
is connected to Delhi
through the metro line, connecting some key areas of Noida
to the capital.
is well-connected to New Delhi
through transportation networks including metro and buses. Delhi
Metro, however, does not extend beyond Noida
City Centre. Yamuna Expressway
, a six-lane 165 kilometer expressway connects Greater Noida
. The Noida
authority has decided to build CNG plants across the city, with CNG being provided to every sector in Noida
. The Noida
and Greater Noida
authority have decided to make all educational institutions, hotels, malls and business enterprises Wi-Fi enabled, too.
Homes and Living
Since its establishment in 1976, Noida
has quickly emerged as a major real estate destination, especially in the recent past. Many people prefer to live in Noida
because it is believed to have many advantages of Delhi
while being more livable. But, in the recent past, there have not been many new launches in Noida
because of the slow growth in the real estate sector. Property in Noida
, however, has been witnessing a rise in demand. Greater real estate activity is likely to happen in the future, especially in commercial real estate. Many major IT companies have offices in Noida
, partly because of easier availability of land, and partly because of norms that allow greater real estate development, like lower degree of land disputes and higher FSI. This has led to greater migration of skilled professionals to Noida
, raising demand for housing.
Real estate prices are likely to rise in almost every sector in Noida
including Greater Noida
, partly because the Noida
Expressway, a six-lane 24.3 kilometer expressway, which connects Noida
to Greater Noida
is being expanded. Greater Noida
is also a gateway to Delhi
Industrial Corridor, the largest infrastructure project in Indias history, which is likely to generate jobs along the corridor. Other infrastructural networks in Noida
are being expanded, too. The 438 kilometer National Highway 24, which connects Delhi
, is being widened to allow greater transport connectivity for residents of Noida
and Indirapuram. Five underpasses that allow easier commutes for residents of Noida
and Indirapuram to either localities are also likely to be constructed. Property in Noida
and neighboring Indirapuram are likely to rise too because currently commuting between these two areas is not easy.
Real Estate and Construction
The floor space index (FSI or the ratio between the floor area constructed in a building to the area of the plot.) in Noida
is much higher than Delhi
and higher than that of other parts of NCR, though the FSI varies from region to region. Noida
authority may soon make all relevant details on commercial, industrial and residential properties available online. Stamp duty and registration charges on residential properties are 12.5 per cent of the transaction value and two per cent of the transaction value, respectively. You can pay property tax online. Property tax in Noida
depends on the locality in which the property is situated, and the type of property you own, including the age of the property. Property tax is paid annually.
Noidas population was 642,381 in 2011, according to the Census of India. As of 2011, Noidas literacy rate was 88.58 per cent, and this is higher than that of comparable cities like Gurgaon
. Even though Noida
does not seem vastly populated, Noidas population was merely 35,541 in 1981 and 1, 46,514 in 1991. Noida
was classified as a census town only in 1991. In 2001, Noidas population was less than half of it today, at 305,058. Like other parts of NCR, like Gurgaon
has far more men than women.
is governed by New Okhla Industrial Development Authority (Noida
). The headquarters of the Noida
authority is in the rapidly developing Greater Noida
. The district magistrate has authority over the district. In administrative responsibilities, the Chief Development Officer, the three additional district magistrates and a city magistrate work with the district magistrate. The Senior Superintendent of Police is responsible for the maintenance of law. In certain aspects of implementation of master plans, the Delhi
development Authority and Noida
co-ordinate with each other.
prepares and implements masterplans for Noida
. The Greatet Noida
Development Authority has authority over Greater Noida
. When compared to Gurgaon
, the private sector has had a much limited role in building infrastructure.
Industry and Employment
Masterplans of Noida
were intended to promote small scale industries. Many Information Technology (IT), Business Process Outsourcing (BPO) and IT-enabled services firms have offices in Noida
. The sectors, which absorb the largest number of employees, are industries, commercial enterprises, transport and communication sector, and the construction industry. There are many automobile ancillary units in Noida
, too. Many energy and power utility companies, too, have offices in Noida
. As Noida
still does not have a dominant central business district, jobs and commercial activity is not clustered in an area where people commute to shop or meet. Noidas better land use policy has led to greater industrial development while comparable infrastructure is yet to emerge. Noida
has more business friendly norms which urged companies to build offices here. This includes special economic zone where TCS, Accenture and GENPACT have offices. Most industries in Noida
are, however, small-scale industries.
has some reputed educational institutions including Institute Of Management Studies, Amity Business School, Galgotias College Of Engineering and Technology. BIT Mesra and IIM Lucknow
have extension campuses in Noida
. For shopaholics, Noida
has two of the largest malls in India, Great India Place and DLFs Mall Of India in Sector 18
. Other prominent malls here include Garden Galleria, Great India Place, Shopprix Mall, Spice World Mall and Centrestage Mall. Nightlife in Noida
is excellent too, as it has many good restaurants, bars and pubs. Noida
also has good hotels including Fortune Inn Grazia, Park Plaza, Radisson Blu in Greater Noida
, Grand Hyatt and Park Ascent. Noida
also has a well-known golf course, a cricket stadium and Buddh International Formula 1 circuit.