The opening of the Yamuna
Expressway, many realty experts feel that real estate market in the region will
experience a boom. It is expected that Delhi-NCR region and parts of western UP
becomes hot spot destinations. This region from where the Yamuna Expressway is
touching is expected to be hub of residential and commercial real estate. The
current price of land in the realty market is about Rs 30,000 per square yard,
but it is expected that there will be 30% property prices hike.
Jaypee Group, one of the
well-known real
estate companies in India, did the planning and execution of Yamuna
Expressway. The joint managing director of this group said that homebuyers
would also be benefitted from this expressway. This excellent infrastructure
will not only boost commuting but also give an advantage to the buyers and
investors. Five integrated townships are in construction stages at Mirzapur,
Jaganpur, Kuber near Agra, Tappal near Aligarh and of course Noida. This
expressway will promote these upcoming townships.
This expressway is said to be a
great contribution to the India property sector. Many real estate companies
have planned residential townships along the expressway. Unnati fortune world
one of the Real Estate Companies of India, has planned two luxurious projects,
the Upcountry and Golf Country projects here.
Ajnara India is another renowned
real estate companies in India. The director, Vineet Gupta said that ear of
development has already started in the expressway region. Many housing projects
are coming up in the region. Besides residential projects, the expressway is
attracting office real estate. The global companies are in the lookout for good
connectivity is moving to this region. Indian and multinational companies are
finding land and rental space along the expressway.
Ajnara is planning to start a
project called Panorama near the Buddh International Circuit. Vineet Gupta
feels that with the opening of expressway, there will be developments in the
close by areas. Also commuting will be easier as there will be less traffic
jams with the six lane highway. For example traveling from Delhi to Agra will
be about 2and ½ hours. This is much less than the original timing of about 4to
5 hours.
Another well-known real estate
company of India, the Ecnon Group has planned a project
called the Ecnon Kings Court.
The director of Ecnon Group said that infrastructure development makes the
destination surrounding its attractive. Real estate investors feel that region
along the Yamuna Expressway will attract investment. Better connected
destinations derive higher capital values.
About Yamuna Expressway: The
Jaypee Infratech has developed this landmark infrastructure. The Expressway is
spread over an area of 530 million sq ft. Out of the entire area, 311 million
square feet area comes under the National Capital Territory.
Nitin Dogra writes on behalf of Therealestate.in,
which is an online portal dedicated to meet every aspect of the consumers needs
in the real estate industry. It covers information about all Real Estate
property types including Houses for buy/sell & Rent for different Property
locations like Mumbai Property, Bangalore Properties etc.