Why Yamuna Expressway is a Hotspot for Real Estate Investors and Homebuyers
The Yamuna Expressway has seen an extraordinary increase in property prices over the past five years, with prices soaring by 170% and land prices escalating by 450%.
Yamuna ExpresswayReal EstateProperty PricesInvestorsHomebuyersNoida International AirportDelhimumbai Industrial CorridorReal EstateSep 12, 2024
The rise in property prices can be attributed to several factors, with the upcoming Noida International Airport (Jewar Airport) being one of the primary catalysts. The expansion of the Delhi-Mumbai Industrial Corridor (DMIC) and other infrastructural improvements have also contributed significantly to the area’s growing appeal.
In 2019, the average flat prices along the Yamuna Expressway were between Rs 2,800 and Rs 3,000 per square foot, while land prices ranged from Rs 1,200 to Rs 1,300 per square foot. Despite the global pandemic in 2020, property prices along the expressway saw a slight appreciation, with flat prices increasing to Rs 3,200–3,300 per square foot. By 2022, flats were priced at Rs 3,600–3,800 per square foot, and land prices nearly doubled to Rs 3,400–3,600 per square foot.
As of 2024, flats are priced at Rs 7,900–8,100 per square foot, and land prices average Rs 6,900–7,100 per square foot, marking a significant increase. This surge has made the Yamuna Expressway one of the fastest-growing real estate corridors in India.
Manish Jaiswal, Group COO of Eldeco Group, said, “The outstanding price surge along the Yamuna Expressway, with flats appreciating by more than 2.5 times and land more than 5 times in just five years emphasizes the area’s evolution into a prime real estate destination. This growth is driven by planned infrastructural developments, particularly the upcoming Jewar Airport, which has significantly enhanced connectivity and demand.”
One of the notable trends driving this growth is the rising preference for spacious living. The remote work culture that emerged during the pandemic has encouraged homebuyers to look for properties in suburban areas offering larger spaces, affordability, and better quality of life. With its green surroundings and proximity to urban amenities, the Yamuna Expressway provides the perfect balance for those seeking a suburban lifestyle with easy access to major cities.
Ashish Agarwal, Director, AU Real, said, “The surge in the flat prices and land prices at Yamuna Expressway over the last five years shows the path of improvement and development of this region as a real estate zone. This growth is driven by planned infrastructure projects such as the Jewar Airport, and will further improve connectivity in the future.”
With the completion of major infrastructural projects like the Noida International Airport and enhanced connectivity through expressways and industrial corridors, the Yamuna Expressway is expected to remain a key player in India’s real estate market. Investors are eager to capitalize on the region’s growth potential, which promises substantial long-term returns.
Didar Singh, Senior Vice President – Sales, Trehan Iris, said, “Over the last five years, the real estate along Yamuna Expressway has increased in ways unparalleled before, as land prices have increased by 450% and properties by 170%. This exceptional growth confirms the investment worth of this region and has witnessed extreme property appreciation in accordance with the rapid economic growth and its growing infrastructure.”
In conclusion, the Yamuna Expressway has emerged as a thriving real estate corridor, offering lucrative investment opportunities. The ongoing infrastructural developments, combined with the area’s appeal for suburban living, continue to drive demand, ensuring its position as a top investment destination in the coming years.
Frequently Asked Questions
What is the average price of flats along the Yamuna Expressway?
As of 2024, flats are priced at Rs 7,900–8,100 per square foot.
What is the primary catalyst for the rise in property prices along the Yamuna Expressway?
The upcoming Noida International Airport (Jewar Airport) is one of the primary catalysts for the rise in property prices.
What is the growth rate of land prices along the Yamuna Expressway?
Land prices have escalated by an astonishing 450% over the past five years.
What is the trend driving the growth in property prices along the Yamuna Expressway?
The rising preference for spacious living and the remote work culture that emerged during the pandemic are driving the growth in property prices.
What is the future prospect of the Yamuna Expressway in the real estate market?
The Yamuna Expressway is expected to remain a key player in India’s real estate market, with investors eager to capitalize on the region’s growth potential.
Tags:
Related News Articles
Thane's Skyline Transformed by Innovative Metro Projects
Thane is witnessing a significant transformation with the development of new metro projects, reshaping the city's skyline and attracting real estate investments.
Navigating the Complex World of Real Estate Taxation in India
Understanding the intricacies of real estate taxation in India, including rent, home loan, and capital gains.
The Evolution of Luxury Housing in 2024: Adapting to Changing Consumer Tastes
Property consultancy firm CBRE reported that luxury unit sales reached 12,625 in the first nine months of 2024, a significant increase from the 9,160 units sold in the same period last year. This growth highlights the shifting preferences and evolving mar
Vinhomes and Nomura Real Estate Group Sign Strategic Cooperation MoU
This partnership aims to leverage the strengths of both parties to provide the market with groundbreaking real estate products that meet international standards.
Analysts Identify Potential Buying Opportunities in PNB Housing Finance, Indian Hotels, Bharti Airtel, SBI, and More
Market analysts Jay Thakkar, Pritesh Mehta, Mitessh Thakkar, and F&O analyst Chandan Taparia have identified several stocks, including PNB Housing Finance, Indian Hotels, Bharti Airtel, and SBI, as potential buying opportunities. These recommendations come at a time when the market is showing signs of volatility, making it crucial for investors to make informed decisions.
Mumbai Experiences 12% Increase in Property Registrations in January
According to real estate consultant Knight Frank India, Mumbai has seen a significant rise in property registrations, with 12,249 units registered in January. This marks a 12% increase from the previous year.