Yamuna Expressway: where affordability is still a reality
Opened in the year 2012, Yamuna Expressway’s metamorphosis from a sleepy stretch to a realty hotbed within a short span of time is nothing short of remarkable. The real estate market of the area has been vibrant over the last one and a half years, and still continues to climb the growth ladder.
This is also validated by the capital appreciation that the area has recorded. Before the expressway was thrown open to people, the land was up for grab at Rs 1,400 per sq. ft. Today, the same land costs about Rs 2,500 per sq. ft., depicting an appreciation of about 78 per cent in just three years.
Multi-storey apartments depict the similar story. Since 2012, the property values have recorded a consistent rise of 15-20 per cent on a yearly basis. However, when compared to other regions of Delhi NCR, Yamuna Expressway is one area where affordability is still a reality.
Affordability
According to Dushyant Sinha, founder of Integrated Centre for Consultancy Pvt Ltd (ICCPL), “If one has to look for an affordable accommodation, then Yamuna Expressway is the best place to invest in. One can still find a housing unit for Rs 2,800 per sq. ft. or 3,000 per sq. ft., which is not possible in Noida or Greater Noida. And this is also true for the new launches.”
Currently, the capital values in Yamuna Expressway is in the range of Rs 2,700-3,200 per sq. ft. Thus, a 1000 sq. ft. apartment can be easily bought at Rs 27 lakh.
Snapshot of new launches
Ajnara Panorama: Spread over an area of 87,000 sq mt, Ajnara Panorma is a mini-township located at Yamuna Expressway. Decked with ultra-modern amenities, the township will incorporate villas, studio apartments and high rise apartments. The basic selling price for the project is Rs 2,300-2,400 per sq. ft.
Cosmic Urban Young: If you want to experience a fun-filled life, then Cosmic Urban Young is worth a visit. The project offers amenities such as shopping arcades, schools, healthcare centres, banks, sports centre, taxi stands, restaurants, nightclub, soundproof discotheque, spa; you name it and you have it! And all this comes in the price bracket of Rs 2,800-3,200 per sq. ft.
Supertech Upcountry: Beachside home is a dream that denizens cherish.Here is a project that can fulfill you dream. Located at Yamuna Expressway, Supertech Upcountry is designed to provide a complete European experience, but with an Indian price tag. The basic selling price for the project fall within the bracket of Rs 3,000-3,300 per sq ft.
Gaur Yamuna City: Spread across a mammoth 300 acres, Gaur Yamuna City is a township with special focus on the environment and sustainable living. The project incorporates all the amenities required by an end-user.
Be it good schools, hospitals, supermarkets, shopping centres, everything is available at just a stone’s throw away! And all this comes without even burning a hole in your pocket. The basic selling price of the project is as low as Rs 2,100 per sq. ft.
Affordable housing schemes
In addition to the new launches, the development authority is also opening up several affordable housing schemes. The scheme of 3000 2BHK units is still open. Under this, apartments of 55-100 sq. m. are available in the range of Rs 17-27 lakh. There is also a scheme for industrial plots. As per the scheme, plots sized 300-1800 sq. m. are available for Rs 5500 per sq. m.
However, the allotment of these units is solely based on a lucky draw system.
Infrastructure upgrades
The elaborate Master Plan has several infrastructure upgrades in the pipeline.As per the plan, a transport hub is planned, which will have a railway station, bus depot and a huge parking area.
Recently, the metro rail project also got a green signal. It will run from Pari Chowk till sector 18 and 20. In addition, an international airport in the town of Jewar, Gautam Buddha Nagar District is also planned.
Once all these projects are completed, the property values are expected to go overboard. Thus, if you are are vying for healthy returns on your investment, then Yamuna Expressway should definitely enter your home search list!
