New Okhla Industrial Development Area or Noida, as it is popularly known falls in the National Capital Region (NCR). It is one of the fastest growing cities with a booming IT and real estate sector. The city considered to be one of the more suburbs of Delhi.

The real estate scenario has been booming in the last few years. The can be attributed to the fast economic and commercial development in the city.The residential and witnessing a phenomenal rise.

There are a number of localities and sectors in NOIDA that have high real estate rates. Sector 15A tops the chat by having highest per sq.mt rate of land and constructed plots. The price ranging between Rs 65000/- to Rs 70000/- per sqmts.

Reasons of Rising Real Estate Prices

Growth of Industry: In the last few years, the city has become a hub for multinational companies, manufacturing firms & IT and outsourcing firms. Large number of International and small Software companies have opened their offices in the city. This has lead to a rise in the demand for office space and commercial property.

Proximity to Delhi: Another reason that has escalated the real estate prices is the proximity of the city to the National Capital-Delhi. Large number of companies have thus opened branch office in the city, which has also increased the demand for office space.

Development of Infrastructure: NOIDA has seen phenomenal and fast infra structural development. Shopping centers, entertainment parks, Metro construction, airport construction in Greater Noida have led to an increase in the real estate prices.