Before you look for investment in commercial property in Noida, you should know the background of Noida. It is very important to understand the history of Noida before invest in the commercial property there.
Noida stands for ‘New Okhla Industrial Development Authority’, is a city in India under the management of the New Okhla Industrial Development Authority (also called NOIDA). Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It is also the location of the Noida Film City. The film city can be added to the points of commercial attraction in Noida.
Noida stands at 17th place when it comes to cleanliness of a city in India, this has attracted many to invest in the commercial property there. Noida is a major hub for the multinational firms outsourcing IT services. Many other companies have their Indian branch offices in Noida, because of many factors, including its Special Economic Zone status, its suburban atmosphere and its proximity to Delhi. Noida also hosts the head office of the Software Technology Park, which was established by the Government of India to promote the software industry. There are a number of options if you are looking for investment in commercial property in Noida.
Noida is a major hub of industry. Noida has quickly emerged as a hub for automobile ancillary units. Development in industry, commerce and trade have led Noida to be a model city in UP. It is a major revenue earner for the government through taxes. The Noida model is now being replicated across various cities in UP, with a proactive development agency working to achieve high growth rates for business, industry and commercial ventures.
Noida is a hub for shopping malls, arcades, hotels and entertainment resources. The demand for commercial shops and office spaces has shown a tremendous rise in Noida. Even the office rents have started increasing at a greater rate. Noida is a good option when it comes to investment in commercial property in Noida.
As the growing demand in Noida has increasing rental values, the locality has experienced of an average increase of more than 20% rental values of office units during the second half of 2012.
If you seek for investment in commercial property in Noida, for instance to buy a shop space in Noida, the best idea would be to look for the most known places in Noida that attracts more foot fall.