Yamuna Expressway, the longest
elevated highway in India that joins Greater Noida to Agra has seen a number of
plot launches in the past. This 165 Km long highway has reduced the travel time
between Delhi and Agra to roughly around two hours from the usual four hours.
This in addition to the low prices has opened a new window for real
estate developments on both sides of the Expressway. Going against the
prevalent trend of offering high-rises in the NCR, Yamuna Expressway offers
residential plots in townships being built by eminent developers. The area is witnessing
a considerable capital appreciation since past two years. Along with F1 Track
and Gautam Buddha Technical University, the upcoming IT Hub being situated 1.5
Km away from this university is acting as the catalyst to the real
estate development in Yamuna Expressway.
“After witnessing a 100 per cent
capital appreciation in the residential plot values in the past two years
Yamuna Expressway, we expect further 30 per cent rise in next two years. We see
a huge demand coming from high-end buyers from Delhi and NCR,” says Bhaskar
Singh from Parnal Infratech Pvt Ltd., one of the developers offering
residential plots on Yamuna Expressway.
“Residential plots on offer come
within the price bracket of Rs 20,000 to 30,000 per sq yd. We are expecting a
rise of at least Rs 7,000 per sq yd in next 2 years,” says Abhay Kumar from
Eagle Home Solutions Pvt. Ltd., a property brokerage firm.
There are more than 10 new
projects in Yamuna Expressway that are offering residential plots to the
buyers. These include projects from big developers such as Supertech Limited,
3C Infrastructure Pvt. Ltd., Jaypee Infratech Ltd., AVJ Group, Logix Empire
Estate, Orris Infrastructure Pvt. Ltd., etc.
“We see a mix of investors and
end-users interested in buying various sizes of plots available. There are
plots available in 100 to 1,000 sq yd of area,” says Imran Ali from Estate
Master, a property brokerage firm.
End users look at plots as
investment options over apartment projects as there is zero maintenance
required on a plot. In addition, the improving infrastructure will add value to
the overall investment.
