Yamuna Expressway 2015: A CommonFloor Report
Yamuna Expressway has grown significantly over the last three to four years. With an aim to reduce the travel time between Delhi and Agra, India’s longest motorway, was opened in the year 2012. Covering about 2,40,000 hectares, it include six cities, namely Gautam Buddh Nagar, Bulandshahr, Aligarh, Maha Maya Nagar, Mathura and Agra. While the expressways is up and running, the authority has envisaged an elaborate plan for its further development.To smoothen the work process, Yamuna Expressway Master Plan 2031 has been divided into three phases, out of which only the first phase (40 km stretch from Greater Noida to Jewar) has been approved. As per the Master Plan, out of the total area sanctioned in Phase 1, about 22 per cent is earmarked for green cover, 20 per cent for industrial development, 19 per cent for residential development, 15 per cent for the transport links and remaining 24 per cent for commercial and institutional development.
“As part of ‘Real Insights’ into real estate, commonFloor.com has come up with a detailed report on Yamuna Expressway real estate market – one of the key micro-markets in Delhi-NCR – with in-depth analysis based on CommonFloor data.
To further enhance the infra quotient of the stretch, several projects are in the pipeline. These include metro expansion, IT hub, manufacturing units, international airport, to name a few. Understanding the growth prospects, several leading developers are already cashing on the opportunities sprouting along the expressway. While the development, at present, may seem little slow; with new proposed infrastructure development including the metro is expected to give new impetus to the residential real estate demand. For the following report, we have analysed the data using GIS-based tools. Using CommonFloor’s exhaustive database, we have analysed both supply and demand side of the market.
Yamuna Expressway has grown significantly over the last three to four years. With an aim to reduce the travel time between Delhi and Agra, India’s longest motorway, was opened in the year 2012. Covering about 2,40,000 hectares, it include six cities, namely Gautam Buddh Nagar, Bulandshahr, Aligarh, Maha Maya Nagar, Mathura and Agra. While the expressways is up and running, the authority has envisaged an elaborate plan for its further development. To smoothen the work process, Yamuna Expressway Master Plan 2031 has been divided into three phases, out of which only the first phase (40 km stretch from Greater Noida to Jewar) has been approved. As per the Master Plan, out of the total area sanctioned in Phase 1, about 22 per cent is earmarked for green cover, 20 per cent for industrial development, 19 per cent for residential development, 15 per cent for the transport links and remaining 24 per cent for commercial and institutional development. To further enhance the infra quotient of the stretch, several projects are in the pipeline. These include metro expansion, IT hub, manufacturing units, international airport, to name a few. Understanding the growth prospects, several leading developers are already cashing on the opportunities sprouting along the expressway. While the development, at present, may seem little slow; with new proposed infrastructure development including the metro is expected to give new impetus to the residential real estate demand. For the following report, we have analysed the data using GIS-based tools. Using CommonFloor’s exhaustive database, we have analysed both supply and demand side of the market.
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