The latest price trend along Yamuna Expressway gives good insight into what the future holds for the investors there. The average price of an affordable two-bedroom apartment in a residential complex hovers around Rs 38.36 lakhs, according to available estimates.
The most prime piece of property listed in Yamuna Expressway is priced at ₹ 10.00 crore, according to Prop Tiger’s Makaan.com. Experts also contend that unlike neighbouring NOIDA, where prices have nearly bottomed out, in the Yamuna Expressway they have witnessed a marginal uptake.
The Yamuna Expressway Industrial Development Authority (YEIDA) has approved Rs 4,156.13 crore for the region’s growth at a board meeting convened on June 9, 2017. Meanwhile, the Greater Noida Industrial Development Authority (GNIDA), at its board meeting had approved another tranche of Rs 6,443.05 crore for 2017-18, according to various media reports. Of this Rs 1,100 crore are to be distributed among farmers whose land has been acquired for urbanisation. This represents a 64 per cent hike over what was being offered earlier.
Investment along the 165 km corridor of Yamuna Expressway is a safe bet, one because from a low base prices are likely to appreciate faster, if all the planned development activities get completed as scheduled. Established builders have launched a slew of new projects over the past three to four years in residential, commercial and industrial space.
Projects in the pipeline include:
Imperia Mirage home: JP Sports City, Yamuna Expressway
Lotus Greens: Sector 22 A, Yamuna Expressway
Supertech Fable Castle: Sector 22D, Yamuna Expressway
Supertech Golf Village: 17B, Yamuna Expressway
Supertech Golf Suites: Sector 22 D, Yamuna Expressway
Earth Studio: Plot No. 6, Tech Zone, Yamuna Expressway
(This is by no means an exhaustive list)
The YEIDA has major plans up its sleeve to promote special economic zones, incubation centres, institutions and recreation facilities in the land-surplus region. The region provides excellent connectivity between Noida, Greater Noida, Ghaziabad, Meerut and Faridabad, Aligarh, Kanpur, Mathura and Agra.
Developers active in the area include Jaypee Group, Gaursons, SDS NRI City, Supertech, Ajnara India, Shubhkamna, ATS, and AMR, to name a few.
Already four major education hubs have come up in the vicinity – the sprawling Gautam Buddha University, Noida International University, Galgotia University and Sharda University. Six more are in the pipeline along with ten new engineering colleges. The coming up of Formula 01 motor racing track, Buddha International Circuit, has added another feather to YEIDA cap.
“With so much happening, we see a lot of potential for prices of realty projects to take-off along Yamuna Expressway, which promise maximum return on investment,” says Honey Katyal, CEO and Founder of Investors Clinic, a brokerage house that represents all big developers there.
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