Greater Noida Property Development

Greater Noida is the extension of the developmentThe infrastructure planning of Greater Noida is similar
format of Noida. Greater Noida identified as a futureto that of Noida. Connectivity aspects, provision of
institutional and commercial zone in the NCR. Thewater and power facilities have been the areas of
blueprint of Greater Noida's development resemblesfocus in the development plan. As per the New
that of Noida in more ways than one and developersMaster Plan, abut 13 percent of the total land available
are drawn to the area like moths to light. Availability ofin Greater Noida is to be used for development of
larger land parcels has lured the developers to exploreransportation facilities. Greater Noida enjoys
the region for extensive group housing development.connectivity advantages as it is linked to Delhi by the
Till 2011, Greater Noida is expected to witness a freshTaj Expressway. Acording to the New Master Plan,
supply of about 11,200 units, equating to 20.62 million sq.Greater Noida will be connected to FNG 24 by a 60
ft. of residential space. This is about 12 percent of themetre wide road, which will facilitate inter region trade.
total supply planned across the NCR. ApproximatelyA 130 metre wide road links the north and south zones
58 percent of the total supply expected in Greaterof Greater Noida and passes through the Zeta, Pi, Rio
Noida over the next two years will enter the market inand Sigma sectors, improving their connectivity with all
2011, and half of the total expected supply will bethe locations within Greater Noida and thereby making
accounted for by 3 bedroom apartments.them more attractive for residential development.
Greater Noida city's potential for development is beingThere are designated commercial and institutional
tapped by most Grade A developers across the NCR.sectors like the Knowledge Park I-IV and Ecotech
Projects by the Jaypee Group, Omaxe, Unitech,Zones and IT Zones. Besides the commercial zones, a
Supertech, Eldeco, the NitiShree Group and Parsvnathnumber of retail developments are also adding value to
constitute a major share of the upcoming supply. Thethe regioin's potential. Malls like the Ansal Plaza, Omaxe
Jaypee Greens, a golf course project by Jaypee,Arcade and NRI City Centre are proving to be
EHomes by Designer Arch Infrastructure, Panoramaemerging shopping destinations in the region. As
and Palacia by the Parsvnath Group, Palm Green bysectors Alpha, Beta, Pi and Sigma are closer to these
Omaxe and Horizon and Cascades by the Unitechcommercial and retail developments, they are
Group are a few key upcoming projects in the region.preferred residential locations in Greater Noida.