Yamuna Expressway To Boost Property Prices
With the Yamuna expressway unnerved open to public
, investors and real estate players are set to gather benefits. The
Expressway connects, noida, greater noida with Agra, one of the hottest tourist destinations.
The expressway has also brought applaud to the area's developers and property prices in its neighborhood have touched
Rs.30,000 per square yard, its just because of the combination of infrastructure that measures up to global standards, the
spin-offs of the Formula One track, the opening of educational institutions and the expected growth of industries around it.
Jaypee Infratech, promoter of Yamuna Expressway, has the right to develop real estate along the Expressway over 6,175 acres.
Of the total 530 million sq ft developable area, 311 million sq ft is in the National Capital Territory alone. Anticipating
the benefit to commercial and residential establishments in the region, the noida Authority had recently upped the circle
rates. This had led to an increase in property prices by 25-40 per cent.
The Jaypee Group, which has developed the expressway, is coming up with five integrated townships extensive across 500
hectares at five locations along the expressway.
Wave infratech has also speeded up investment in the area with its mixed use development project, Wave city centre, getting
regulatory approvals. Market analyst say that realty players have always used Noida"s lively infrastructure, such as DND toll
road and Metro rail connectivity, as a planned sales tool.
"The circle rate revised upwards will have a slight impact on new launch prices in Yamuna Expressway. Increase of circle
prices will bring it closer to the market value of properties". The expressway has suddenly become a realty hotspot and the
reason is that it is well-planned.
After opening of the Yamuna Expressway, realty market in the region is going to witness a boom and the NCR and western UP
belt will become a hot destination for homebuyers and investors. This region will become a hub of Affordable housing and many
home aspirants are likely to shift to this area. Now, the expressway has opened, a hike of 30% in property prices is
expected.
"Opening of the Yamuna Expressway will give a significant boost to the real estate sector. Homebuyers will also benefit from
the world class infrastructure". The expressway promoter will also develop five integrated townships on 500 hectares each at
Noida, Jaganpur, Mirzapur, Tappal near Aligarh and Kuber near Agra."This is one of the biggest achievements for the
development of Uttar Pradesh.
by: CRC IT
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