ntroversial nature, due to the fact that the city does not have the geographical or administrative infrastructure to handle a 1 km tall building. Noida comes under Seismic Zone 4, which along with the loose soil and sand of the Yamuna river bed, means that a building collapse in an earthquake situation is a distinct possibility. It was felt that the city needed to focus on solving basic problems, like low water quality, security, traffic management and intermittent power supply before looking at grandiose projects of dubious value to the city.
In 2006, the massive sealing drive by the MCD in adjoining Delhi, forced traders to shut shops in Delhi and move to other locations. Gurgaon and Noida were the favoured destinations for such people, pushing property rates, both commercial and residential, further up. In November 2006, the Sector 18 market, a prime commercial area, set a new record for land rates in the NCR region with a plot of land being sold at an astronomical Rs. 650,000 per square meter, (approx $15,276 per square meter), a rate that compares well against the highest rates of real estate across the major cities of the world including New York, Tokyo, Singapore and Hong Kong
