Yamuna expressway attracts real estate investments
Following the realty boom in Noida and Greater Noida, it is now the turn of Yamuna Expressway to flourish. Availability of properties with a range of price-tags suiting all pockets, besides excellent connectivity and great infrastructure, Yamuna Expressway is turning out to be a hotspot realty destination for buyers.
The stretch connecting Greater Noida with Agra, has been luring both end-users looking to buy affordable properties as well as investors looking for good returns on their investments. Compared to the properties in Delhi, Noida and Greater Noida, the prices of properties in Yamuna expressway are very reasonable.
Yamuna Expressway is believed to have a bright future in terms of real estate development since many projects including commercial projects, offices of leading corporate companies, educational universities, affordable housing projects, township projects, etc. have been proposed along the stretch.
The areas along the Yamuna Expressway offer huge chunks of land for development, and since the e-way is already functional, it has been drawing numerous real estate projects. Prices of properties in this part of NCR are also reasonable compared to other parts and start at around Rs 22-25 lakh for a two bedroom apartment. This stretch is an ideal option for investment for those who cannot afford to buy property along the Noida-Greater Noida Expressway.
The projects in Yamuna expressway caters well to the home buyers in catchment areas of Mathura, Bulandshahr, Aligarh and Greater Noida. The area is good, especially for long-term investments and for second-home buyers. Brokers in this region too affirm that this area is primarily a second homes market. Those who already own a house in Delhi, Noida or Gurgaon or especially businessmen in the catchment areas like Aligarh or Mathura, contribute to a significant portion of investment in Yamuna expressway.
Yamuna e-way is a futuristic investment destination with a potential to yield returns of three to five times on capital value in around 4-7 years. Mainly the investors in this region and those wishing to have a second home not far from the Capital are responsible for the fat price escalation of properties in this stretch.
The projects along Yamuna Expressway have good connectivity through the 165-km expressway. They have a great sports infrastructure such as the Formula 1 track and the proposed tourism destination ‘the Night Safari’, has been added to the list. From this place, one can easily reach a tourist triangle, touching Agra, famous for its Taj Mahal and the pilgrimage centre of Mathura.
As of now, the excellent connectivity is the main big advantage of this region. It also boasts many educational institutions and many more have been planned for. It has a potential of being developed as an educational hub like Pune. Also the government has been planning to develop the area into an IT/ITeS corridor.
Since Yamuna Expressway is located close to Noida and Greater Noida, in the next few years, the stretch is likely to get better infrastructure and amenities. It is expected to contribute to the hike in economic and industrial growth in the western UP. The proposed Delhi Mumbai Industrial Corridor expected to pass through Dadri will also boost development of warehousing and Special Development Zones.
