The Yamuna Expressway Industrial Development Authority (YEIDA) recently revealed that since the announcement of Jewar Airport, investment has received a major boost in and around the Yamuna Expressway areas.
The most sensational news for today is the landing of the fighter jet Mirage-2000 on Yamuna Expressway. This was a test landing by the Indian Air Force (IAF) after the consent of Uttar Pradesh Government as a trial to use the highways and civil airstrips for emergency landing of fighter jets. The parties that took active participation in the test landing includes UP Government, Yamuna Expressway authorities, civil police and other authorities related to the development of the expressway.
After the successful landing of Mirage-2000, the government gave proper approvals to convert the three kilometer stretch of Yamuna Expressway into a road runway for the emergency landing of fighter planes. The jet landed near the 118th milestone of the expressway around 6:40 am. 100 technical ground personnel were deployed at the spot to ensure successful landing of the jet. [Read more…]
If you want a property solely for investment purpose, the time horizon is one of the most important considerations. It is always good to have a longer time horizon for investment, say 3-5 years. Records show that investment in young and growing cities has always been fruitful. You should invest in places, the development strategy of which is already on papers.
Noida and Gurgaon stand as the two relevant examples of the same.
15 years ago, Noida Sector 15 and 18 were in the initial stages of development. Properties were available at an average rate of Rs 2,000-2,200 per sq ft. Now the average property price in these locations is as high as Rs 8,000-12,000 per sq ft. Prices have multiplied manifolds. Commercial properties in Sector 18 have witnessed an appreciation of 15-20% in the last 15 years. [Read more…]