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Noida – a hot favorite for IT firms

Not very long ago, all major IT companies were located in South India and it was considered a hub for IT sector. However, things have changed now. North India, especially Noida, has gradually taken the lead. A study by Assocham in 2013 said that Bangalore was losing its crown of India’s Tech Eden to cities like Noida. It was noted that leading IT and ITeS vendors preferred to shift their focus from Bangalore to satellite city of Noida and the likes to generate more revenues. Even in north India, Gurgaon has been considered an IT industry hub, but the city is on the verge of losing out its position to Noida. Recently Nasscom chief warned officials in Gurgaon regarding this exodus of IT companies. So what are the reasons?

  • Along with social infrastructure, Noida has better power, water, security and hygiene facilities.
  • The city already has Metro connectivity and a provision for railway links and railway terminals has been kept in the Noida Master Plan 2011.
  • Since Noida is located near to the country’s capital Delhi, many developers are coming up with new IT parks in Noida.
  • Companies also believe that Noida Authority provides better services and amenities to IT firms.
  • The advantages we see in this part of the country include good infrastructure with better connectivity within Noida.
  • Another major enabling factor is the relevant pool of resource/talent available due to the spread of reputed educational institutions in this area.

Wave Infratech, a leading real estate developer is coming with Wave Business Tower 1 in Wave City Center in Sector 32. Situated in the center of the city, the project provides premium office spaces in the 152 acres township.

 

Source: Hindu Businessline

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