The future growth of Noida seems to riding growth wave with the
builders going on a construction spree. Parsvnath, a well known
name in Indian real estate business, has bought Noida plot for
group housing. The company plans to invest Rs 1.75 billion over
three years for developing that land.
ELDECO Infrastructure and Properties has recently bagged two projects,
Utopia and Ananda on its list - for Sector 93 A and Sector 48
respectively. The plots are especially designed to cater to residential
requirements of high middle class and NRIs looking forward to
return back to roots.
Unitech, another Indian builder, having a strong presence in
Noida, is also coming up with The Great India Place project in
Sector 38 A which would be develop over the large area of one
million sq ft. These buildings are to be built considering all
requirements of civic society which serves as the USP of these
exclusive real estate projects. The new residential segment will
have everything from an ample parking space, Indo-Mediterranean
architecture to roof terrace gardens.
Noida enjoys more preference over Gurgaon as it is wholly developed
by the government authority, unlike Gurgaon where the private
players play an underlying role.