Real Estate Properties in Noida

Constituted under the Uttar Pradesh Industrial Development Act of 1976, Noida – a city managed by the New Okhla Industrial Development - was set up to promote industrial growth in the area. Today, it’s one of Asia’s largest industrial townships which is well planned, well connected, integrated and the modern industrial city in India.

Noida is located in the Gautam Buddh Nagar district of Uttar Pradesh. It enjoys an extraordinary location as it lies about 20 km away from Greater Noida, the district headquarters, and New Delhi, the nation’s capital. Lucknow, the capital of Uttar Pradesh is only 457 km away from it.

From the beginning, Noida was meant to act as a push towards urbanization. The trend continues today with excellent infrastructure in the city. The Yamuna Expressway, Noida-Greater Noida Expressway and DND Flyover are just some of the infrastructural marvels in the city. Noida also has a Film City that houses several news channels, media organizations and institutes offering media education.

Stats and Facts

• The population of Noida, as per the provisional reports of the Population Census of 2011, is 6,42,381
• Noida’s sex ratio stands at 822 per 1000 males which is well below the national average. The child sex ratio is better at 877 per 1000 boys
• The average literacy rate in Noida is 88.58%
• Since Noida was set up on 17^th April, every year this day is celebrated as Noida Day
• Noida has the highest per-capita income in the National Capital Region (NCR) of Delhi
• The city ranks 17^th in the list of the cleanest places in India. Gurgaon and Faridabad, the two other cities in NCR are ranked 87^th and 217^th suggesting the vast difference within the region
• Key projects in Noida are BOP Oh My God, Amrapali Aurum Towers, Ace Golfshire, Logix Blossom County, ACE Parkway, Logix Blossom Greens, Logix Blossom Zest, Ajnara Belvedere, Antriksh Golf Address, Ajnara Ambrosia, Supertech The Romano, Amrapali Crystal Homes, Mahagun Manorial, ATS One Hamlet, Mahagun Manorial, Mahagun Mezzaria.

Information Technology

• Noida is a major hub for multinational corporations that outsource Information Technology (IT) services
• The Special Economic Zone (SEZ) along the Yamuna Expressway in Sector 135 hosts many prominent IT players such as Accenture, Tata Consultancy Services (TCS) and Genpect
• Some of the major IT service outsourcing firms located in Noida include Headstrong, Sapient, Dex Consulting, HCL, Wipro, IBM, Adobe Systems, Samsung and Patni Computers
• The Software Technology Park, established by the Government of India to promote the software industry, is also located in Noida

Connectivity

• Noida doesn’t have an airport of its own. The nearest airport, the Indira Gandhi International (IGI) airport in Delhi, is just 26 km away
• There is no railway station in Noida that directly connects it to other cities. However, Ghaziabad and Anand Vihar railway stations are close by. Old Delhi Railway Station and New Delhi Railway Station are the major stations located nearby from where one can reach almost any place in India
• The Noida-Greater Noida Expressway, DND Flyway, connecting Noida to Delhi, and Yamuna Expressway, connecting Noida to Agra via Mathura, are the three major expressways in Noida
• Noida comes on the Delhi metro circuit and connects to New Delhi, Connaught Palace, Akshardham Complex and IP Estate
• Bus services offered by Delhi Transport Corporation (DTC), Uttar Pradesh State Road Transport Corporation (UPSRTC) and private operators are among the best means of travel within the city. Auto-rickshaws, taxis and cycle-rickshaws are other modes of transport within the city

Noida Civic Administration

• Noida lies in the Gautam Buddh Nagar district of Uttar Pradesh and comes under that district administration
• The New Okhla Industrial Development Association manages the city
• Noida came into administrative existence on April 17, 1976 under the Uttar Pradesh Industrial Area Act
• District Magistrate, the district’s highest government official, resides in Noida
• Noida is a part of the Gautam Buddh Nagar Lok Sabha (parliamentary) constituency and Noida Vidhan Sabha (state assembly) constituency

Noida Infrastructure

One of the most modern cities of India, Noida boasts of excellent and unparalleled[P1][P2] infrastructure. The implementation of the city’s development agenda is on the fast lane, despite already having world-class infrastructure. More expressways have been proposed, Delhi Metro’s extension to other areas in Noida and the construction of a helipad are among the proposed projects.

In an attempt to move forward infrastructurally, Noida doesn’t leave the basic infrastructure development behind. For instance, to reduce the problem of pollution, Noida is going to see a host of CNG plants being set up in the city. Since Noida is such a major IT hub, the city administration is planning to make the entire area Wi-Fi-enabled. Such measures along with more advanced developments are making Noida a model city especially in infrastructure.

Infrastructure Projects

Noida Real Estate

• Due to the bustling infrastructure scene in the city, Noida is attracting people from across the country. Add to this, Noida, a major hub in India, is making a rapid shift towards being a predominantly service centre. This is causing an increase in real estate prices in the city
• Many of the people who work in Delhi or are planning to start a business in the national capital are choosing to search for residential apartments in Noida, mainly because Delhi has a high population density and lack of space for more and more residential houses to come up. This makes Noida preferable as a housing destination
• Owing to high real estate demand, the property prices have shot up in the region. As a consequence of that, Noida has become a lucrative destination for investing in real estate
• Residential property in Noida encompasses independent houses, flats or apartments, villas, luxury bungalows and penthouses
• Commercial property was and still remains in high demand, thanks to the resilient IT sector in the city

Key Localities In Noida

Charges by Government Bodies

Property Registration

• • Stamp Duty: 8%
  • Registration Fee: 1% of the market value or agreement value, whichever is higher, for properties costing over Rs. 30,000

Uttar Pradesh State Electricity Board

The Uttar Pradesh State Electricity Board (UPSEB) is responsible for supplying electricity to Noida. As Noida is a crucial industrial city, the Uttar Pradesh state government has declared Noida as a free-from-power cuts zone. The power network is well distributed and efficient.

Power Tariff

The tables have been sourced from the tariff document as released by the electricity board.

Domestic Rural Consumers

Supply At Single Point For Bulk Loads

Other Metered (Urban) Domestic Consumers

Noida Jal

The Noida Water department is responsible for the supply of water to Noida. The city’s sources of water are Ganga water from the Pratap Vihar Plant and ground water.

Noida’s E-Governance Initiative

Electronics Research and Development Center of India, Noida and Compaq India have teamed up to set up a competence center that would enable e-governance in the city. Once the project is up and running, the city’s residents will be able to pay phone and electricity bills, register marriages and deaths, file I-T returns, and, very importantly, grievance redressal through information kiosks set up in the city.