Noida And Greater Noida Have Immense Potential For Investors

The combined tax revenue of Noida and Greater Noida is the third highest for Uttar Pradesh tourism department as these two places are the hubs of luxury tax-payers. Business people from all parts of the world visits these two places as Noida and Greater Noida are the abode of many multinational giants like LG, Samsung, Fiat, Yamaha and many others. Noida and Greater Noida are planned cities and ideal for businesses due to wide roads, presence of metro trains, open spaces, lush green environment, good connectivity with Delhi and Gurgaon and availability of skilled labour in adjacent towns.

"It is true that we have received the third highest luxury tax from Noida this year, after Agra and Lucknow. The reason behind it is the swankiness of Greater Noida, which has brought business to the state. I would say the Noida-Greater Noida belt has the potential to eclipse IT hubs like Bangalore and Hyderabad. Noida was developed to attract foreign investors and it has succeeded in its aim, as many Japanese and Korean companies have invested in the city." - Amit Srivastava, regional tourism officer of the UP Tourism Department and in-charge of Noida.

He further added, "Greater Noida has forged ahead because of co-operation between the UP Government and private developers and the infrastructure has been built almost entirely by private developers under the supervision of development authorities. The five-star hotels, expats, frequently organised business conferences and IT companies have a huge role to play in the business tourism that is booming in the city." Hot Deals

Noida Authority and Greater Noida Authority are the single-window administrative and civic services which attract investors. Hoteliers are investing millions of rupees as they foresee a great business tourism potential at both places and they too are the part of this phenomenal development. Intercontinental Hotels Group (IHG) opened Crowne Plaza in Greater Noida last year, which hosts international conferences and meetings, while another five-star hotel, Radisson Blu, is a preferred choice of the foreign clients of the MNCs that are based in Noida and Greater Noida.

After Japan and South Korea, large chunk of foreign business tourists are coming to Noida and Greater Noida from US and UK. Hence, one can easily anticipate the demand of real estate in these places which is parallel to the flourishing industries and boom in business tourism in the region. All in all, Noida and Greater Noida are two great places to invest in property market.

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