The Noida is the largest planned industrial town of Asia. Being also the part of the NCR, Noida is fast emerging as commercial high tech city of the North. Over the years the satellite town has gradually transformed into a major IT hub for multinational firms outsourcing IT services. Proper initiatives have been taken up by the UP government to enrich Noida with infrastructure and resources that promote development of the commercial sector. The Noida commercial property market hence carries a significant role in the economic development of the town.
Let us evaluate the reasons behind the rapid development of the Noida commercial property sector.
Factors Behind Noida Commercial Property Sector
Noida developers engage much of their expertise on developing innovative IT Parks, NEPZ in order to offer corporate spaces for MNCs.
Noida is considered to be the industrial fairyland of the nation. The town offers geographical and topographical advantages. The town is not far from Delhi yet distant enough to stay away from the dirt, grime and pollution.
Uninterrupted power supply. The town has well developed and efficient power distribution network. Noida has 160 MVA surplus power available at 220/132 KV along with the facility of immediate load sanction and release of power.
Surplus availability of water.
3 fire stations with modern equipments.
Vast green open spaces and broad roads.
Planned housing sectors offering superb social structure.
The town has also thriving financial banks and institutions offering easy availability of fund for the expansion of the commercial sector. Banks like ICICI, Times Bank, Centurion Bank, UTI Bank, HDFC, Global Trust Bank, State Bank of India, OBC, Indian Overseas Bank, Vijaya Bank and Dena Bank are located in the city.
Noida is indeed perfect for establishing business centres as the region is under strict vigilance 24/7 and is free from anti-social activities, hence serving a safe living environment and secured work culture.
Noida is already the base of many top software and IT companies. Few of the notable companies are HCL, Crescotech, Adtel Software, ARCIT, Xansa, ER&DCI, ALSTOM Systems, Network Programs, Polaris, Technologies USA, R Systems, RMSI, ZEE, Delsoft, Interra, Birlasoft, Moser-Baer, IT&T, Cadence, TCS, Adobe international, T-Series, BPL-Sanyo, Panasonic, Samsung, Eveready and many such.
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