Noida stands for Naveen Okhla Industrial Development Authority. The city was created in the year 1976 under the UP Industrial Area Development Act. Noida is recognized as one of the most advanced suburbs of Delhi with world class infrastructural setup and amenities. The city is the part of NCR including Delhi, Gurgaon, Ghaziabad, and Faridabad. It is located in Gautam Budh Nagar district of Uttar Pradesh state. Situated on the southeast of Delhi, Noida is home of several small, medium, and large industries. The rapid development of the city has attracted numerous multinational companies to operate their branches from here. It has emerged as one of the important centers of IT outsourcing other than Gurgaon. The city also has well developed residential complexes attracting investor from all over the world. Its connectivity to the major commercial centers of NCR has assisted in the flourishing of Real estate market in the city.