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Greater Noida hits 23, crime major worry

NOIDA: Greater Noida completed 23 years on Tuesday, and with a slew of development projects planned, it is likely to emerge as a beacon of urban planning in India. "Greater Noida is attracting new investments to reassure the city's ambition ," said Brijesh Bhanote, director, sales and marketing, The 3C Company, a real estate development firm.

The 'development' that Bhanote mentioned is praiseworthy. The six-lane Yamuna Expressway connecting Greater Noida to Agra, a proposed night safari that when completed will be the world's fifth such establishment and the Buddh International Circuit which hosts the Indian Grand Prix, are projects that put the city in the spotlight.

Connectivity is likely to improve with the Metro line set to expand operations from the City Centre station to the Depot station proposed near Recreational Greenin Greater Noida by mid-2014. The Rs 5,000 crore extension will measure 29.71 km and have 22 stations.

Further, a heliport and a civic center are among many top infrastructure projects that have been mooted.

The improving infrastructure and connectivity will boost the real estate sector Residential property units are projected to house nearly 10 lakh people over the coming years. "Greater Noida's biggest advantage is it's affordable realty market. Those in the Rs 40,000-50,000 monthly income-bracket can have a dream home here," said Amit Gupta, MD, Orris Infrastructure.

Much work needs to be done about law and order and farmers' issues. For a population of 16 lakh, there are only 1,600 police personnel. Labour unrest is acute, evidenced by a day of arson and violence last year and the murder of L K Chaudhary, the CEO of Graziano Transmissioni, an Italian company.

"The first concern of foreign investors is a safe environment. No foreign company has set up a base in Greater Noida in the past 12 years due to deteriorating law and order," said Aditya Ghildiyal, president, AGNI (Association of Greater Noida Industries).

Source : times of india                Date :  Jan 29, 2014

By vayaM CS