DELHI: After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extention, the government authorities have their hands and eyes set on Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing real estate development for the past few years.
Major realty players have been coming up with residential, commercial and commercial-cum-residential projects in the area. There is scope for development in this region as it was untapped for decades. Names such as Supertech, Jaypee, Amrapali, Cosmic Group, Ajnara, Saya, KVD, ACE, Gaur and many more are all getting geared up with their projects. Many developers have already delivered their projects and families have moved in, few are still under construction and a major chunk are launching new projects.
Ashok Gupta, CMD Ajnara India Ltd says “Greater Noida, at present is the best deal for investment. There is ample space and scope for improvement, specially with the kind of infrastructure development it has been witnessing – be it metro connectivity, education or health, etc., in the past few years. Due to this Greater Noida is expected to become the first choice of every modern day investor.”
This rapid paced development has pushed the government authorities to work on the infrastructure development. After the development of roadways and electrical sub-stations, chairman GNDA believes that metro will boost projects in Greater Noida (West).
Rama Raman, CEO Noida Authority and chairman Greater Noida and Yamuna Authority said, “At present, we have four metro projects – Noida City Centre to Sector – 62 (6.7 km), Kalindi Kunj to Botanical Gardens (3.9 km), City Centre to Bodaki (30 km) and Sector 71 to Greater Noida West (7 km). We have sent the proposal of City Centre – Greater Noida to the state government for final approvals.”
It is also been said that the state and central governments will share 50–50 per cent financial burden on this project. “As several housing projects are being launched in Greater Noida (W), the Metro project will give a boost to the other development projects in the region,” Raman added.
With this kind of quick development, the demand for electricity will also increase manifolds in the region. In view of this, the Authority has planned to give Rs 500 crore to the electricity department to upgrade the power supply.
Gone are the days of modern or luxury facilities, today’s developer is stressing upon using the provided infrastructure and giving its best. They are coming up with ultra-luxurious, seven star facilities in their projects, where you have everything under one roof.
With the proposed developments, the need for safety and security also increases. And the authorities are all set for the challenge. Putting light to this, Raman added, “We have asked the state government to provide us with 80 traffic constables and sub-inspectors. In total, we have demanded 500 constables. CCTV cameras are being installed at traffic signals. With this, traffic and security arrangements would be better.”