Yamuna Expressway Real Estate

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.