New Noida: A new real estate investment zone in NCR

29 Dec 2022 CW Team

New Noida is expected to cover an area of 20,000 hectare. According to preliminary reports, a large portion of the city has been designated for industry. We anticipate that the planning for New Noida will incorporate lessons learned from previous projects such as Noida and Greater Noida. It will indeed be a world-class place with ample scope for residential and commercial development. Industry watchers expect the settlement of New Noida to commence from 2041.

New Noida is envisioned as a smart city. The satellite-based Geographical Information System (GIS) is said to play an important part in the formulation of the Noida Master Plan 2041. Investors would be able to acquire information about New Noida's zone and sector plots using GIS. Through geospatial technology, both developers and investors will be able to locate the plot, its area, distance from the road, width, connectivity of water/sewer line around the property, green belt, and position of the park, in addition to the present status of the plot.

New Noida is a masterstroke by the Noida Authority and the Uttar Pradesh government, coming at a time when the advent of the Yamuna Expressway, Greater Noida, and New Gurugram was overshadowing the development of the Noida region. The proximity to the future Jewar International Airport, combined with the development starting from scratch, provides it an edge that few others have. The future of real estate is in New Noida.

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The Noida Authority's recent announcement to construct New Noida has created quite a stir in the NCR real estate community. The development of New Noida is based on extremely long-term planning. It takes a very long-term view of the region's growth in its vision. Noida, which is predicted to attain its full potential in the next decade, needed to expand its boundaries and bring in additional regions to meet people's desires. New Noida is expected to cover an area of 20,000 hectare. According to preliminary reports, a large portion of the city has been designated for industry. We anticipate that the planning for New Noida will incorporate lessons learned from previous projects such as Noida and Greater Noida. It will indeed be a world-class place with ample scope for residential and commercial development. Industry watchers expect the settlement of New Noida to commence from 2041. New Noida is envisioned as a smart city. The satellite-based Geographical Information System (GIS) is said to play an important part in the formulation of the Noida Master Plan 2041. Investors would be able to acquire information about New Noida's zone and sector plots using GIS. Through geospatial technology, both developers and investors will be able to locate the plot, its area, distance from the road, width, connectivity of water/sewer line around the property, green belt, and position of the park, in addition to the present status of the plot. New Noida is a masterstroke by the Noida Authority and the Uttar Pradesh government, coming at a time when the advent of the Yamuna Expressway, Greater Noida, and New Gurugram was overshadowing the development of the Noida region. The proximity to the future Jewar International Airport, combined with the development starting from scratch, provides it an edge that few others have. The future of real estate is in New Noida. Also Read Santosh Kumar Yadav appointed NHAI chief; other key appointments Rs 100 billion investment in pipeline for Andaman & Nicobar

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