Property in Noida

Noida, short for the New Okhla Industrial Development Authority is a planned city in India under the management of the New Okhla Industrial Development Authority (also called NOIDA). It is part of National Capital Region of India. Noida came into administrative existence on 17 April 1976 and celebrates 17 April as "Noida Day". It was set up as part of an urbanization thrust during the controversial Emergency period (1975–1977). The city was created under the UP Industrial Area Development Act by the initiatives of Sanjay Gandhi. Noida is located in Gautam Buddh Nagar district of Uttar Pradesh state. The districts administrative headquarters are in the nearby town of Greater Noida. However, the districts highest government official, the District Magistrate (DM), resides in Noida. The city is a part of the Noida Vidhan Sabha (state assembly) constituency and Gautam Buddha Nagar (Lok Sabha constituency). Minister of State for Culture, Tourism of Civil Aviation Mahesh Sharma of the BJP is the current MP of Noida. The current MLA who won in the by-elections is Vimla Batham. Noida ranked Best City in Uttar Pradesh and Best City in Housing in all of India in awards conducted by abp news in 2015(Best City Awards 2015). Noida replaced Mumbai as the second-best realty destination, according to an analyst report.The major advantages include excellent power situation, salubrious climate eminently suited to IT industries, capability to increase the pool of skilled manpower, engineering colleges and other educational institutions, low cost of setting up an IT unit as well as low recurring cost.