News & Views on Indian Real Estate

Tuesday, December 25, 2007

Noida - Paradigm Shift

With property boom spreading in all directions, real estate in India is touching new heights. Noida’s story is something which we can’t afford to miss out. The real estate in Noida is hitting the sky, which is due to a large migration of people from Delhi who are being bullish to make it their home. New Okhla Industrial Development Authority (Noida) is known to be the largest industrial town of Asia, but now it has undergone a paradigm shift in the last few years. Being a part of Uttar Pradesh, Noida cannot be spared from the problems prevailing in the state. Despite all, the individuals who have shifted their base to Noida witness to live a splendid life. And today with one more reason for all the real estate players in Noida is none other than the proposed second international airport at Greater Noida. The development is likely to give a push to prices of residential and commercial property projects in twin cities of Noida and Greater Noida. One of the upcoming projects in this place is The Imperial Court, The Kalypso Court, by Jaypee group at Jaypee Greens.

Jaypee Greens is a venture of Jaypee Group, a well-renowned infrastructural and industrial group of northern India with a turnover of over Rs. 3500 crores. The group has forayed into the real estate sector with the distinction of owning an 18 hole "Greg Norman Signature" golf club, 8 Million square feet of real estate development. Jaypee Greens is spread over an area of 450 acres. It comprises golf resorts, villas, townhouses, penthouses, condominiums, studio apartments, commercial complexes and shopping malls.