New Okhla Industrial Development Authority (Noida
) is a planned, industrial city in the Capital Region (NCR). Established our decades ago, according to certain surveys Noida
is considered to be the most livable city in the NCR and one o the largest industrial townships in Asia. Situated in Uttar Pradesh, Noida
is 14 kilometers ar rom Connaught Place
, s central business district (CBD). The New Okhla Industrial Area alls under the Gautam Buddha Nagar district. When compared to most other n 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 o s prominent commercial, industrial and IT hubs. Noida
is connected to Delhi
through the metro line, connecting some key areas o Noida
to the capital.
is well-connected to New , Faridabad
through transportation networks including metro and buses. Metro, however, does not extend beyond . Yamuna Expressway
, a six-lane 165 kilometer expressway connects Greater Noida
. The authority has decided to build CNG plants across the city, with CNG being provided to every sector in Noida
. The 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 preer to live in Noida
because it is believed to have many advantages o Delhi
while being more livable. But, in the recent past, there have not been many new launches in Noida
because o the slow growth in the real estate sector. Property in Noida
, however, has been witnessing a rise in demand. r real estate activity is likely to happen in the uture, especially in commercial real estate. Many major IT companies have oices in Noida
, partly because o easier availability o land, and partly because o norms that allow greater real estate development, like lower degree o land disputes and higher FSI. This has led to greater migration o skilled proessionals to Noida
, raising demand or housing.
Real estate prices are likely to rise in almost every sector in Noida
including Greater Noida
, partly because the - Expressway, a six-lane 24.3 kilometer expressway, which connects Noida
to Greater Noida
is being expanded. Greater Noida
is also a gateway to - Industrial Corridor, the largest inrastructure project in s history, which is likely to generate jobs along the corridor. Other
inrastructural networks in Noida
are being expanded, too. The 438 kilometer Highway 24, which connects Delhi
, is being widened to allow greater transport connectivity or residents o Noida
. Five underpasses that allow easier comtes or residents o Noida
to either localities are also likely to be constructed. Property in Noida
and neighboring Indirapuram
are likely to rise too because currently comting between these two areas is not easy.
Real Estate and Construction
The loor space index (FSI or the ratio between the loor area constructed in a building to the area o the plot.) in Noida
is ch higher than Delhi
and higher than that o other parts o NCR, though the FSI varies rom 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 o the transaction value and two per cent o 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 o property you own, including the age o the property. Property tax is paid annually.
s population was 642,381 in 2011, according to the Census o India. As o 2011, s literacy rate was 88.58 per cent, and this is higher than that o comparable cities like Gurgaon
. Even though Noida
does not seem vastly populated, s population was merely 35,541 in 1981 and 1, 46,514 in 1991. Noida
was classiied as a census town only in 1991. In 2001, s population was less than hal o it today, at 305,058. Like other parts o NCR, like Gurgaon
has ar more men than women.
is governed by New Okhla Industrial Development Authority (NOIDA). The headquarters o the Noida
authority is in the rapidly developing Greater Noida
. The district magistrate has authority over the district. In administrative responsibilities, the Chie Development Oicer, the three additional district magistrates and a city magistrate work with the district magistrate. The Senior Superintendent o Police is responsible or the maintenance o law. In certain aspects o implementation o master plans, the Delhi
development Authority and NOIDA co-ordinate with each other.
The NOIDA prepares and implements masterplans or Noida
. The t Development Authority has authority over Greater Noida
. When compared to Gurgaon
, the private sector has had a ch limited role in building inrastructure.
Industry and Employment
Masterplans o Noida
were intended to promote small scale industries. Many Inormation Technology (IT), Business Process Outsourcing (BPO) and IT-enabled services irms have oices in Noida
. The sectors, which absorb the largest number o employees, are industries, commercial enterprises, transport and comnication sector, and the construction industry. There are many automobile ancillary units in Noida
, too. Many energy and power utility companies, too, have oices in Noida
. As still does not have a dominant central business district, jobs and commercial activity is not clustered in an area where people comte to shop or meet. s better land use policy has led to greater industrial development while comparable inrastructure is yet to emerge. Noida
has more business riendly norms which urged companies to build oices here. This includes special economic zone where TCS, Accenture and GENPACT have oices. Most industries in Noida
are, however, small-scale industries.
has some reputed educational institutions including Institute O Management Studies, Amity Business School, Galgotias College O Engineering and Technology. BIT Mesra and IIM have extension campuses in Noida
. For shopaholics, Noida
has two o the largest malls in India
, Great Place and s Mall O in Sector 18
prominent malls here include Garden Galleria, Great Place, Shopprix Mall, Spice World Mall and Centrestage Mall. Nightlie in Noida
is excellent too, as it has many good restaurants, bars and pubs. Noida
also has good hotels including une Inn Grazia, Park Plaza, Radisson Blu in Greater Noida
, Grand Hyatt and Park Ascent. Noida
also has a well-known gol course, a cricket stadium and Buddh International Forla 1 circuit.