Noida: the emerging hub of UP

Over the past few years, Noida has become a key hub for electronic, IT, and startup businesses. Noida’s proximity to Delhi gives it an advantage over Bengaluru and Hyderabad. The variety in the types of industries propping up in Noida, make it an extremely prevalent commercial, financial and industrial hub, among many others.

Investment Hub

‘New Noida’, a new investment hub, will soon be established. Over the next 20 years, 20,000 hectares of this Delhi-Noida-Ghaziabad investment belt is going to be developed over four phases. The administrative hub, as well as the far northern and southern portions of the planning area, will be completed during the first phase.

FinTech Startup Hub

According to state government officials, Noida and Greater Noida have become popular places to establish financial technology (Fintech) businesses. They claim that 239 fintech start-ups have opened in the twin cities.

The majority of these are employed in one or more of the four primary fintech sectors: digital lending, payments, blockchain, and digital wealth management. Officials noted that Noida and Greater Noida are preferred locations for Fintech companies due to the availability of top-notch infrastructure, dependable electricity supply, internet connectivity, and skilled human capital.

IT Hub

While looking for accessible office spaces with excellent connectivity, Noida has long been one of the top choices for IT companies. IT companies located here include, TCS, Accenture. Wipro, Infosys, Cognizant, among many others. Noida has benefited greatly from a thriving region for IT ITeS and electronics manufacturing businesses, quick and inexpensive connectivity with Delhi, state-of-the-art services at competitive rates, and a growing residential base. A large and affordable supply of labour has helped Noida become a hub for IT-ITeS, technology, electronics, and start-up companies. One of Asia’s biggest planned industrial townships, Noida is renowned for being the epicentre of India’s economic rise and is no longer just a typical industrial area.

Data Centre Hub

The well-zoned land, distinct plot boundaries, established roads and drainage infrastructure, and supportive government policies are just a few of Noida’s key advantages. Second, the government has proven to be very proactive in creating the power infrastructure, and UP has plenty of power to meet the needs of data centres.

Additionally, the policies offer advantages like power subsidies as well as alterations to on-ground coverage, parking, etc.  In addition, Noida performed well in other studies conducted by data centre operators that looked at things like flood risk, earthquake risk, and assessments of the environment, health, and safety. The Uttar Pradesh state government is said to make investments of about 39,000 crore, in the state, spread over the next 5 years.

All of these commercial activities in the vicinity of the city would play a role in its real estate market. The prices of the land nearby is expected to rise. Builders like Godrej Properties have discovered this opportunity and signed a land deal in Noida, Sector 146. It is an upcoming sector with connectivity to the Sector 146 metro station and many other developments. Make sure to check out properties near these regions that are getting boosted with lots of government spending and investments. It is sure to pay off in the near future for both investors and residents.

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