09-07-2024 05:55 PM | Source: PR Agency
Yamuna Expressway : Rising Realty Star of the NCR by Mr. Vijay Jain, MD, Star Estate

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Yamuna Expressway, located close to the national capital, has rapidly emerged as the much sought-after destination for real estate investors. With major locations in Delhi-NCR nearing saturation, Yamuna Expressway stands out as a prime area for significant investment returns.

The area is characterized by its well-planned infrastructure, excellent connectivity to major city centers, and proximity to the upcoming Jewar International Airport. These factors make it a prime choice for both residential and commercial investments. As a key route connecting Noida to Agra, it offers numerous amenities, including shopping centers, schools, and healthcare facilities, making it ideal for families and young professionals.

With significant infrastructural developments, including the construction of the Noida International Airport, the real estate market along Yamuna Expressway is booming with excitement. Ever since it was announced that the airport is likely to become operational by April 2024, more and more property buyers are making inquiries to find their choicest properties. As a result, property rates at this location have started increasing.

The region's focus on infrastructure and connectivity has made it a hotspot for real estate development. Notable projects, such as the forthcoming Noida International Airport, POD taxi service, and Rapid X Metro, are set to elevate the area's status for residential, commercial, and industrial ventures.

The Yamuna Expressway Industrial Development Authority (YEIDA) is spearheading initiatives that drive sustainable growth and attract global investor interest. The forthcoming POD taxi service connecting Jewar and Pari Chowk, alongside the proposed Rapid X Metro linking Sarai Kale Khan and DXN, promises to transform urban transportation, offering commuters efficient and eco-friendly travel choices.

Upcoming developments, like the 172-acre Film City and a New York Central Park-inspired recreational area, highlight the region’s commitment to a balanced lifestyle. YEIDA's plans for an education hub with coaching centers and various schools aim to create a comprehensive educational ecosystem.

The area has already become a hub for IT and manufacturing, attracting major companies such as Microsoft, Samsung, Dixon Technologies, HCL, and Tech Mahindra. Microsoft's plan to create 3,000 jobs and invest Rs 1,800 crore in the Noida-Yamuna Expressway belt showcases the region's potential as a tech and innovation hub. Plans for an Olympic City with international standard stadiums and a focus on recreational facilities further enhance its appeal. Additionally, the proposal includes 8 lakh houses, 1200 acres of commercial space, and 4000 acres of industrial land, reflecting the vast opportunities available.

Early real estate projects, like Gaur Yamuna City and Solitaire City, have seen significant price appreciation, marking the highest rise in the NCR. With such potential, top developers are now targeting the region for future projects, with Ace Group among the leaders.

Experiencing substantial appreciation in the last couple of years, the prices of the 3-4 BHK apartments in Yamuna Expressway are in the range of Rs 7000-10,000 per square foot (sq ft).

As the opportunities galore at Yamuna Expressway, to make the most of these, it is essential to conduct extensive research and seek expert advice from knowledgeable real estate consultants. By doing so, investors can make informed decisions that align with their financial objectives and optimise returns from real estate investments in this vibrant and promising market.

 

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