Developed in 2012, Yamuna Expressway is today considered as one of the most thriving and sought after real estate investment destinations among both property buyers as well as Real estate developers. Many Infrastructural developments, as well as the proposed Jewar International Airport, are the main reasons that fueled up the property market along this expressway.
In a short span of time, many prominent real estate developers have invested in this area with their residential and commercial projects. So, let’s take a look why Properties along Yamuna Expressway are considered as the best real estate investment:
Yamuna expressway starts from Greater Noida and ends at Kuberpur on NH 2 towards Kanpur and Agra. The expressway provides smooth connectivity to commuters in the National Capital Region including Noida, Greater Noida, Faridabad, Khurja, Dadri, Aligarh, Mathura, and Agra. The newly launched eastern peripheral expressway has also boosted inter-state connectivity in these NCR regions.
Also, Aqua metro line connecting Noida at sector 71 to Greater Noida at Pari Chowk has already passed the test-run contributing more to the real estate market here. The line is about to start by Diwali this year, bringing various properties within the reach of end users.
Numerous Infrastructure developments alongside Yamuna Expressway have propelled growth in the entire region. Several reputed IT/ ITES companies including Genpact, Cognizant Technology Solutions, as well as commercial complexes have already set up their base here.
Yamuna Expressway is home to top universities like Gautam Budha University and Noida International University. Apart from these many renowned schools like the Patriot Public School, CV International School, John’s Mary School, DS Public School etc. are located in this area. Major health institutions in Yamuna Expressway include Yatharth Wellness Hospital & Trauma Centre, NIMT Hospital, Kailash Hospital, Metro Hospital, and Heart Institute and other Multi-Speciality Hospitals.
Also, YEIDA has planned to dedicate a particular sector for institutional purpose and industrial purpose.
Real estate market
Residential Properties in Yamuna Expressway are spread across various sectors like sector-17 A, 22D, 26 A, 19 etc. On the other hand, commercial spaces are found in Alpha 1 Commercial Belt.
Yamuna Expressway is one of the selected real estate destinations for Government ambitious project ‘Housing for all’ by 2022. The residential units on offer here range from studio apartments to 3 BHK apartments, independent plots, and spacious villas in attractive and budget-friendly prices.
Several mega projects are already developing and more are coming up in this stretch. Leading developers like Gaursons, Supertech, Ajnara, ATS and Home & Soul have residential projects lined up along the Yamuna Expressway.
In order to cater to the residential population in the vicinity, many prominent builders like Gaursons have launched their commercial project near Yamuna Expressway. Also, many IT/ITes companies, industrial units are also planning to shift their base from Gurgaon as land for offices are available at much affordable cost. Other commercial properties include office spaces, malls, and recreation centers and industries.
Property rates and trends
As Yamuna Expressway is a well-developed industrial and residential destination, it is witnessing a population surge almost every year along with increasing property prices. Currently, the average property rate in the region is 3496 per sq.ft. While the minimum price is Rs 2702 per sq.ft, the maximum goes till 4291 per sq ft. Price appreciation in Yamuna Expressway increased around 2.9% in the last 2 years.
With the presence of a thriving infrastructure and real estate market, Yamuna Expressway has become a preferred working as well as residential destination of NCR.