Due to immense capital investment, Noida has become the largest industrial investment district in the country. Also the investor-friendly policy of Uttar Pradesh government has played a pivotal role in this investment rise.
Noida has received the highest level of investment in the last four years among all regions of India. Noida received an investment of about Rs 64,000 crore, which helped it to create more than 3 lakh jobs opportunities.
The city is administered by three authorities: Noida Industrial Development Authority, Greater Noida Industrial Development Authority and Yamuna Expressway Industrial Development Authority. According to authorities data, a major chunk of national and international investors have invested heavily in recent years.
More than 3,000 land plots sold!
Over the past two years, the three development authorities have sold over 3,000 plots of land to investors from all over India and from abroad as well. In fact, the authorities have made it easier to invest in Noida. Approximately 3,000 investors are opening their offices with an investment of about Rs 64,352 crore. This investment in Noida is expected to provide permanent employment to more than 4 lakh people.
The Noida Authority has already employed about 1.5 lakh people after investing Rs 22,000 crore over the last four and a half years. Further the authorities are now planning and preparing to make a smart village as well.
Majority of the investments come from big investors like TCS, Samsung, Microsoft and Data Center. More than 39,139 acres of land were purchased for Rs 2500 crore to set up mega-data centers in the city.
Microsoft alone bought around 60,000 acres of land and plans to invest Rs 1,000 crore in the IT sector. In addition, INGK Company acquired 47,733 acres of land to invest Rs 5,500 crore in the real estate sector. Some other reputed companies like Vivotex Project, Ikea Solutions, Dixon Technology,Westway Electronics, Adverb Technology, Surabhi Group, Yun Flex Ltd. also bought land parcels in Noida.
Immense career opportunity in future-
With such a massive investment, the Gautam Budh Nagar area has reached many heights. According to real estate experts, about 60% of the MOUs signed at the Investor Summit belongs from Noida district only.
Yamuna Authority is also not so far behind in terms of investments. A huge capital invested through Apparel Park, MSME Park, Toy City, Medical Park. Film City and Jewar Airport also established under Yamuna Authority and will further boost the overall development of Noida.
Thus, it would be right to say, when all these companies are fully established in Noida, the employment opportunities increase which ultimately boost the real estate demand.