10 Reasons why Noida is the Best Place to Start a Business

 Introduction 

Starting a business comes with lots of analysis in terms of market research, business location, and target market. Companies are often stuck in finding the right location for operating their business. There are multiple locations to choose from in Delhi NCR. As per today's workspace requirements, Noida is becoming a growing hub for startups, business owners, and even established companies setting up their offices. In this blog, we are going to understand the top ten reasons that would be the deciding factor for choosing Noida to begin your business journey.

Businesses want to target the Delhi NCR market as it is the highest per capita income region of India. This provides companies a lot of opportunities to target this market with options in finance, real estate, manufacturing, and nearly all industries.

Noida is a Growing Business Hub

Noida has a strategic location with easy access to different cities of Delhi NCR, like Gurgaon and Delhi. Noida is a rapidly growing city with an established business culture. Nodia has various commercial centers like sector 18, 62, 142, and more. Many startups from diverse industries, from technology to market, choose Noida for setting their business operations.

Top Class Infrastructure 

Business often requires excellent infrastructure of road connectivity, electricity, and internet services. For this Noida stands and has various special zones for setting business operations. This infrastructure provides convenience in doing daily commutes, even this provide a professionals impression on your investors, business partners, and their clients.

Government Initiatives

Uttar Pradesh government is launching new initiatives to support the startup and business environment of Noida. For this, the government issuing new polices for provide tax incentives, easy business registration, providing long leasing terms for commercial properties and promotion Noida city to attract foreign investors.

Future Expansion Perspective 

Noida has a strategic center located in the Delhi NCR, and businesses have the option to easily expand and grow in the other regions. With these Noida provide business a great opportunity for their long-term business planning. 

Commercial and Coworking Spaces

Noida is a well-planned city, and for your business, finding the right commercial location will not be a problem has established business parks and various coworking spaces in Noida. This business setup provide the founder a peace of mind for easy business scaling.

Networking Opportunities

Noida has an established corporate environment and various workshops, networking and community events are organised in Noida. This provide lots of opportunities for business owners to connect with other professionals to work collaboratively and to have mutual business advantage for long term.

Cost of Living 

Noida has a very affordable cost of living when you compared with other cities of Delhi NCR. That is why Noida is becoming the best place for having residential properties. It is significant for the rising population of Noida. This creates a lot of options for businesses to target this growing market. 

Access to Workforce  

For a successful business, its workforce plays a significant role. Companies operating from Noida provide employees to trust and credibility. Businesses operating from Noida have access to the Delhi NCR talent pool.

Economic Stability

As per the current status, Noida has a very stable economic infrastructure. The government has set up various plans and relaxations to provide stability in the financials of this city. This stability provides foreign companies to easily set up their company operations. As a result, Noida has the fastest-growing GDP as compared to other cities.

IT and Startups Hub 

The major advantage of Noida is its already-established corporate environment. Noida is known for its prominent entertainment industry to IT industries hub with companies like HCL, Amazon, Microsoft and more. This corporate culture allows small businesses to work in providing various third-party services.

Success Story - Business starts in Noida

This success story is the perfect example of Noida's business culture that is proven and tested. Many companies have become a big corporations from Noida.

• Paytm

It is the largest fintech company in India. It has the most extensive user base of 99 million active users and has started its operations in Noida. Paytm has a diverse range of businesses, from e-commerce to loan financing.

• Gradeup

It is a successful ed-tech startup that provides services for the exam preparation of UPSC, IIT JEE, and CAT. Byjus later acquired it for its growing user base, and profitability has started from Noida.

• MagicBricks

MagicBricks is the largest real estate provider in India. It provides services for searching for your dream property. It has its headquarters in Noida, from where it started its business operations.

• Gaana 

Gaana is a music streaming platform in India. It has an active user base of over 150 million active users. It was founded in 2010 in Noida and from where it first established its operations. 

• Smartworks

Smartworks is the largest coworking spaces provider across India. It deals with various services, from providing dedicated workspaces to private cabins to businesses of different sizes. They have started their budget friendly coworking spaces in Noida after that they expand to across india.

 

Conclusion

These are amazing factors and provide you with a brief perspective that Noida will significantly benefit in your business journey. There are many successful companies that start from scratch in Noida, now becoming successful ventures and even unicorns. With this supportive business ecosystem, Noida will provide upcoming startups to leverage this opportunity for their great future success. Noida provides businesses with a great growth opportunity and provides businesses to plan their long-term business planning.