Noida has developed at a superb pace, and is today, a much sought-after destination for people and businesses alike, with some of the top most players of India Inc. setting up shop here. Here is a look at how this industrial township is becoming the hot spot for corporates in recent times.
Noida: Noida is one of the largest planned industrial town-ships of Asia and is turning out to be one of the most preferred cities when big companies wish to establish their corporate offices. This is not only because of the good infrastructure this region provides, but also because of its rapid growth and availability of a huge amount of employable and diverse talent. Blessed with an ideal atmosphere for industrial growth, Noida has attracted industrial giants and many other companies to establish a permanent base here
SO, WHY ARE BUSINESSES AND CORPORATE HOUSES CONSIDERING NOIDA AS AN IDEAL DESTINATION? RK Panpalia, MD, Wave Infratech points out that Noida is an ideal destination due to a lot of conditions which are conducive for its growth. “Noida has attracted varied industrial giants to establish a permanent base here. It is turning out to be a model city because of its development in the areas of industry commerce and trade. Noida has also emerged ass realty hotspot for commercial and residential properties making it the next world class city with planned infrastructural development. Due to this impressive growth in terms of infrastructure, a large number of corporate houses have set up offices here and many more have envisaged huge expansion plans. This has proved as a boon for the people living in Noida as it has given ample opportunities for employment and growth to them. The factors which favour this growth are manifold – proximity to Delhi, a multitude of expressways, good infrastructure, and availability of good retail properties at relatively cheaper prices compared to other areas in the NCR,” he informs.
- With Grade A office space inventory of approximately 18 mil-lion SFT, Noida has emerged as a destination of choice for a number of corporates who are either establishing their offices or for alternative locations for growth with-in Delhi NCR.
- Noida has also built a superior social infrastructure comprising reputed hospitals, good schools and retail and entertainment facilities offering an excellent standard of living to its residents. Companies like HCL, Adobe, CSC and EXL amongst others have been the pioneers in placing their confidence ill Noida as a micro market for setting up and expanding their operations for more than a decade now”.
- Noida-Greater Noida is witnessing considerable growth at the moment and many industries are flourishing here. The infrastructure development in Noida has been the quickest as com-pared to its NCR counterparts. It is greener and has wider ‘roads and is also the first NCR to get the Metro. It is better planned than other NCR cities, land and rentals are comparatively cheaper”.
Experts point out that there is a boom in residential infrastructure as well as commercial and retail establishments in Noida.”
The new initiatives on their way that are further going to give impetus to Noida’s growth are:
- World-class projects like the Ad-venture Park, IT Park (to host 9 IT firms), F1 International Circuit, the proposed cricket stadium, proposed 102-hectare Night Safari, industrial and investment zones and expressways have been lined up for Noida and Greater Noida.
- Also, connectivity of Noida/Greater Noida with the rest of the NCR is being developed with developments like the Yamuna Expressway, FNG Corridor and the Eastern Peripheral road on the outskirts and passing through Greater Noida.
- Metro connectivity, excellent road and transportation network and regular water and power supply have brought about a spurt in development of luxury hotels, shopping centers, entertainment zones, residential and commercial spaces, etc. making Noida a very lucrative property hub,” adds Mr. Panpalia.
- The key industries flourishing in the Noida-region are IT, ITes, real estate, automotive, retail and some big media houses have also set up base in Noida! The growing interests of many real estate developers have given the city a reason to be credited for some of the largest projects of the country”.
Thus, there are many reasons that make Noida-Greater Noida at-tractive for companies to locate and expand. With the growth it is witnessing, there can be no second thoughts on the fact that this region is certainly, turning into the ultimate corporate destination.