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Bingo · 04-12-06

Hi Chaitali,

I can throw light on investment prospects in Greater Noida. Hope that you will find them productive.

Noida and Greater Noida were planned as twin cities as they also sound to be. However, they do not compete each other rather compliment each other. Rising prices of residential property in Noida is what encouraging the enthusiast investors to make a beeline for the well planned township of Greater Noida.

Built up property in Sector 93A of Noida features a price tag of around Rs. 3, 500 per sq ft. This sector is situated on the expressway and is hardly 15 minutes away from Greater Noida. In Noida, rates of the land range between 35,000 – 65,000 sq m whereas in Greater Noida, they are between Rs. 16,000 – 22,000 per sq m.

Prices have ascended by about 25-30% over the last one year in Greater Noida. However, rental rates are somewhat stable as compared to other properties. For that reason, people have been buying in the Greater Noida with the intention to pump in money to dig profits later. Moreover, most of apartment complexes being developed in Greater Noida provide the residents with a host of amenities including the clubhouse, swimming pool, and power backup. Indeed, development of IT-ITes sector in Greater Noida has encouraged most builders to come up with plush apartments to cater demanding requirements of managerial level employees.

Alpha, Beta, Gamma and Delta are some of the known sectors in Greater Noida. Here, the going rate for land is Rs. 16,000 per sq m. Other important sectors that feature commercial plot of land for Rs. 18,000 per sq m include P3 and Swarna Nagari. However, the rate is the highest in NRI city at around Rs 22,000-25,000 per sq m.

With its well off populace, it’s but natural for the place like Greater Noida to fulfill the future prospects of the next generation of its citizens. From schools, to institutes offering technical education, to business schools, the city has something in store for every educational demand. IIT Roorkee and BITS Ranchi and National Law School are set to develop their campus here.

Greater Noida is also catching the eye of multinational companies that are eager to pump in here. Major conglomerates that have invested in the place are Moser Baer- which has set up the world’s largest optical media production facility here. Others global players are LG Electronics, Shriram Honda Power equipment, Escorts Yamaha, Honda Siel Cars India, Haier appliances, Videocon International, and Konka of China.

Office spaces are under construction here from property developers such as Nitishree developers Pvt. Ltd, who are all set to come up with MSX Tower I and II. The capital value of office space in Greater Noida here ranges from Rs. 3,000-8,000 per sq ft.

HAPPY INVESTING!!!

04-12-06	#2
Bingo New Member Join Date: Oct 2006 Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts	Investment Prospects in Greater Noida Hi Chaitali, *I can throw light on investment prospects in Greater Noida. Hope that you will find them productive.* Noida and Greater Noida were planned as twin cities as they also sound to be. However, they do not compete each other rather compliment each other. Rising prices of residential property in Noida is what encouraging the enthusiast investors to make a beeline for the well planned township of Greater Noida. Built up property in Sector 93A of Noida features a price tag of around Rs. 3, 500 per sq ft. This sector is situated on the expressway and is hardly 15 minutes away from Greater Noida. In Noida, rates of the land range between 35,000 – 65,000 sq m whereas in Greater Noida, they are between Rs. 16,000 – 22,000 per sq m. Prices have ascended by about 25-30% over the last one year in Greater Noida. However, rental rates are somewhat stable as compared to other properties. For that reason, people have been buying in the Greater Noida with the intention to pump in money to dig profits later. Moreover, most of apartment complexes being developed in Greater Noida provide the residents with a host of amenities including the clubhouse, swimming pool, and power backup. Indeed, development of IT-ITes sector in Greater Noida has encouraged most builders to come up with plush apartments to cater demanding requirements of managerial level employees. Alpha, Beta, Gamma and Delta are some of the known sectors in Greater Noida. Here, the going rate for land is Rs. 16,000 per sq m. Other important sectors that feature commercial plot of land for Rs. 18,000 per sq m include P3 and Swarna Nagari. However, the rate is the highest in NRI city at around Rs 22,000-25,000 per sq m. With its well off populace, it’s but natural for the place like Greater Noida to fulfill the future prospects of the next generation of its citizens. From schools, to institutes offering technical education, to business schools, the city has something in store for every educational demand. IIT Roorkee and BITS Ranchi and National Law School are set to develop their campus here. Greater Noida is also catching the eye of multinational companies that are eager to pump in here. Major conglomerates that have invested in the place are Moser Baer- which has set up the world’s largest optical media production facility here. Others global players are LG Electronics, Shriram Honda Power equipment, Escorts Yamaha, Honda Siel Cars India, Haier appliances, Videocon International, and Konka of China. Office spaces are under construction here from property developers such as Nitishree developers Pvt. Ltd, who are all set to come up with MSX Tower I and II. The capital value of office space in Greater Noida here ranges from Rs. 3,000-8,000 per sq ft. HAPPY INVESTING!!!