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Noida Hotels

Last updated: November 5 2011
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  • Noida Hotels

    The deadline for requesting noida authority for refund for hotel plots is over. So finally which hotels are coming up on the Noida Expressway ?
    Is Jaypee also planning to launch any hotel on this stretch ? Looks like logix will be building quite a few hotels.
  • #2

    #2

    Re : Noida Hotels

    F1 impact on Noida Expressway and Greater Noida

    Really good new for Noida/G Noida People. Long way to go!!!

    Formula 1 impact: Noida races past Gurgaon - The Economic Times

    The stars have long departed after India's first F1 race last weekend, but the stardust they have left behind is lending glitter to Delhi's satellite cities of Noida and Greater Noida. Long plagued by perceptions of crime and sloth and often the subject of unflattering comparisons with rival satellite city, Gurgaon, which over the past decade became the destination of choice in the National Capital Region for multinational corporations to set up their Indian headquarters, Noida and its sister city Greater Noida seem to have got a major image makeover - and over a single weekend.

    Images of some of the most photographed faces on the planet - celebrity race drivers, movie stars and starlets, business tycoons and politicians - rubbing shoulders against the backdrop of a glitzy racetrack off a gleaming yet-to-be-opened expressway appears to have done the trick. The successful execution of the three-day F1 jamboree from October 28-30 at Greater Noida did not just introduce the contest of the racing cars to the country; it also showcased impressive infrastructure development so close to the national capital.

    "F1 has drawn attention to the infrastructure in Noida and Greater Noida," says Anshuman Magazine, chairman and managing director (South Asia) of real estate consultancy firm CB Richard Ellis. "Its impact may not be immediate, but in the medium to long term, we should see a lot of companies wanting to come here."

    The smooth access to the venue through Noida, the newly laid track in the proposed Jaypee Sports City and the upcoming 165-km access-controlled Yamuna Expressway, which will cut travel time to Agra by about two hours, provided glimpses into a developing destination where space is still available.

    It helped that the convergence of speed and entertainment, big business and international glamour at the event ensured rare upbeat news from India's most populous state that is going to the polls early next year. Speedier access to the city of Taj Mahal, besides proximity to Delhi, is causing a virtual stampede of hotel chains into the area. About 18 new hotels with 4,200 rooms between them are coming up, most of them along a single road, according to real estate firm Cushman & Wakefield.

    This will be a dramatic shift from the current figures of four hotels with 300 rooms in all. St Regis, Grand Hyatt, Radisson, Fairfield Inn, Movenpick, Marriott and Ritz Carlson are some of the brands that will adorn the 25-km Noida-Greater Noida expressway. Barclays, Samsung Electronics, Intel and Oracle have set up offices in Noida in the recent past, says Shakti Nath, managing director of Logix Group, a real estate developer.

    "A number of our investors and FDI partners were here for F1 and have gone back with a positive mindset about making further investments in the Noida-Greater Noida region," he says. Manoj Gaur of the Jaypee Group, which brought the F1 race into India, built the racetrack in Greater Noida and ensured its successful execution, is more ebullient about the city's prospects.

    "In the next five years, you will see 10 times of what you have seen in the last five years in Greater Noida," says Gaur, whose firm is one of the biggest landowners in the area. The change in the tone of the discourse is particularly startling because it was only this year that both Noida and Greater Noida were in the news for all the wrong reasons.

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