Yamuna Expressway Emerges as Prime Real Estate Investment Destination with 170% Property Price Jump
The Yamuna Expressway is rapidly emerging as a prime real estate investment destination, promising substantial returns for investors. Property prices have surged by 170% in the past five years, driven by improved infrastructure and rising demand for subur
Yamuna ExpresswayDelhincrReal Estate InvestmentProperty PricesLand PricesReal EstateSep 04, 2024
The report highlights the remarkable growth in property values since 2019, driven by factors such as improved infrastructure, increased connectivity, and rising demand for suburban living. As of 2024, the report indicates that property prices along the Yamuna Expressway have surged to Rs 7,900 to Rs 8,100 per square foot.
The prices of the properties along the Yamuna Expressway have increased by 170% in the last five years, according to a report by Geetanjali Homestate. The prices of land along the Yamuna Expressway have surged 450%, the report states. The significant jump in prices of land and property has made Yamuna Expressway a premier investment destination within the Delhi-NCR region.
The report outlines a remarkable growth in property prices since 2019. Back then, the average cost for flats or apartments on the Yamuna Expressway was between Rs 2,800 and Rs 3,000 per square foot. Land or plot prices were around Rs 1,200-Rs 1,300 per square foot.
Despite the COVID-19 pandemic in 2020, property values showed a modest increase; apartment prices averaged Rs 3,200-Rs 3,300 per square foot, while land prices remained steady at Rs 1,250-Rs 1,300 per square foot.
By 2021, the market began to recover, driven by increasing suburban interest and a return to normalcy. Property prices rose to Rs 3,400-Rs 3,600 per square foot, and land prices saw a significant jump to Rs 2,000-Rs 2,200 per square foot.
This period marked the start of a pronounced upward trend in property values. In 2022, the impact of improved infrastructure and heightened demand for the Yamuna Expressway region became evident. Property prices jumped to Rs 3,600-Rs 3,800 per square foot, while land values nearly doubled to Rs 3,400-Rs 3,600 per square foot.
This year highlighted the area’s emergence as a sought-after location for both investors and homebuyers. The growth momentum continued in 2023, with apartment prices reaching Rs 4,900-Rs 5,100 per square foot and land prices soaring to Rs 5,900-Rs 6,100 per square foot.
Key developments such as the forthcoming Jewar Airport, the expansion of Noida International Airport, and improved connectivity through the Delhi-Mumbai Industrial Corridor (DMIC) contributed significantly to this remarkable growth.
As of 2024, the report indicates that property prices along the Yamuna Expressway have surged to Rs 7,900-Rs 8,100 per square foot, while land prices now average between Rs 6,900-Rs 7,100 per square foot. This represents a 170% increase in apartment prices and a staggering 450% growth in land prices over the past five years, underscoring the Yamuna Expressway’s status as one of India’s fastest-growing real estate corridors.
Frequently Asked Questions
What is the average price of flats/apartments along the Yamuna Expressway?
As of 2024, the average price of flats/apartments along the Yamuna Expressway is Rs 7,900 to Rs 8,100 per square foot.
What is the average price of land/plots along the Yamuna Expressway?
As of 2024, the average price of land/plots along the Yamuna Expressway is Rs 6,900 to Rs 7,100 per square foot.
What is the growth rate of property prices along the Yamuna Expressway?
According to the report, property prices along the Yamuna Expressway have increased by 170% in the last five years.
What is the growth rate of land prices along the Yamuna Expressway?
According to the report, land prices along the Yamuna Expressway have increased by 450% in the last five years.
What are the key factors driving the growth of property prices along the Yamuna Expressway?
According to the report, the key factors driving the growth of property prices along the Yamuna Expressway include strategic location, upcoming infrastructural projects like the Jewar Airport, and the region's enhanced connectivity.
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