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Top projects
Greater Noida
Greater Noida, a sub-city of Delhi within the National Capital
Region of India, is outstripping all other cities of NCR in
the race for development. This city appears to be well ahead
in terms of better infrastructure and world class projects.
This is the reason why big and small, resident and non-resident
investors are focusing on the city, which is all set to dethrone
the king of real estate, Gurgaon, and take the hot seat. It
is attracting major builders, who are developing premium residential
and retail projects in anticipation of the Noida-Greater Noida
zone emerging as an IT-ITES hub. These real estate projects
are targeted at higher-level executives from the industry.
Additionally, the revamping of civic amenities and other infrastructural
facilities by the Greater Noida Authority has also helped
the much awaited projects like the international airport at
Jewar and 160-km long Noida-Agra Taj Expressway to the growth
of the city.
Upcoming commercial developments
Greater Noida is currently viewing a large commercial development
of non-polluting industrial units, especially in information
technology, BPO, biotechnology and other modern industries.
The city has emerged as the best option for investment and
sale and purchase in property. The Greater Noida Industrial
Development Authority is trying to capitalise on the opportunities
in the world IT market and set up an IT Park on 2,500 acre.
The 1,483-km-long Delhi-Mumbai Industrial Corridor is another
project that will mark a watershed in connectivity. This Indo-Japanese
project to be completed by 2012, will involve an investment
of a Rs 90 billion over seven years. It will transform the
industrial landscape of over half a dozen states through which
it will pass. Besides, some of the other projects that are
being developed in the city include the 160 km Taj Expressway,
Taj International Airport, a socio-cultural centre on 20 acre
by Caparo Group, a 600-acre integrated transport hub by GNIDA,
Rs 500 crore Toy City, a women’s entrepreneur park,
a software park and a special economic zone with 100 per cent
export oriented units.
Upcoming residential developments
Major residential developments coming up in Greater Noida,
given the kind of positive picture being projected by real
estate, involve some of the country’s most prestigious
names. Prominent among them is Unitech, who has entered the
market with two higher-end residential projects Unitech Grande
and Unitech Cascades.
Spread over 347 acre, Unitech
Grande will comprise eight iconic towers and four gateway
towers which will have between 36 and 45 floors comprising
duplex and penthouses, personal swimming pools, 12 theme gardens
and all modern amenities. Unitech Cascades on the Greater
Noida Expressway will have eight towers on 9.35 acre with
334 apartments. The apartments will have all modern facilities
- car parking, modular kitchen with refrigerator, cooking
range and hob 100 per cent power back up, 24 hours security
and club facilities like kids pool, gym, indoor games room,
and much more.
Besides these two, Eldeco is also developing a residential
township over 18 acre, while Omaxe has announced two projects.
The first project of the group, called NRI City, targets non-resident
Indians, while the second project called Palm Greens on 50
acre falls under the luxury housing segment. It includes G+13
storeys of 3/4 bedroom apartments and a few penthouses.
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