To cater the demand of residential property in Noida some of the
prominent national as also international realty players got into action to
acquire farm land from the regional farmers at high end prices which proved to
be lucrative equation for the latter too! The governmental interventions were a
timely response and provided the much needed boost to basic infrastructure
here.
Appropriate public policy from time to time has ensured an almost
planned development of this region. This further fuelled the demand for
property in this desired NCR pocket. The huge influx of population here in the
past decade has also produced the demand for development of consumer zones in
the form of markets, recreation zones and shopping mall
in Noida.
Apart from residential sector developments, industry also felt it
wise to move out so as to propel their business expansions. Proximity to the
capital region is a sought after deal but at the same time high end economics
and associated inflationary trends makes the expansion a difficult proposition
for most of the verticals. NCR urban centers like Noida emerged as a preferred
destination for the clean office type businesses such as the celebrated BPO
sector of India.
Commercial space
in Noida became a demand driven
realty specialization here! Apart from BPO sector, IT and ITeS businesses,
electronics and even auto ancillary sector gained prominent ground share in
Noida in the last decade. Thus Noida succeeded in delivering clean business
location to a number of verticals. For the same reason the city has emerged as
an official SEZ destination of India.
