With a phenomenal rise in property prices, Yamuna Expressway has emerged as the hottest and most lucrative investment destination of Delhi-NCR and the entire country.
According to Geetanjali Homestead’s latest report on property pricing trends along the Yamuna Expressway, the area has seen a significant growth in real estate values over the past five years, with apartment rates escalating by a whopping 170 per cent and land prices witnessing an astounding 450 per cent growth in the last five years, making it the most investment-friendly real estate market.
Year-on-Year Breakdown of Property Prices
The report reveals the modest beginnings of this price surge in 2019, where the average price for flats or apartments along the Yamuna Expressway ranged between Rs 2,800 – 3,000 per square foot, while land/plot prices hovered around Rs 1,200 – 1,300 per square foot. In 2020, despite the onset of the COVID-19 pandemic, there was a slight price appreciation, with apartments averaging between Rs 3,200 – 3,300 per square foot and land prices remaining stable at Rs 1,250 – 1,300 per square foot.
The real estate market along the Yamuna Expressway began to gain momentum in 2021, driven by the gradual return to normalcy and increased interest in suburban properties. Apartment prices rose to Rs 3,400 – 3,600 per square foot, while land prices saw a notable increase to Rs 2,000 – 2,200 per square foot. This period marked the beginning of a significant upward trajectory in property values, setting the stage for the boom in the subsequent years.
By 2022, the effects of improved infrastructure and the growing desirability of the Yamuna Expressway as a prime residential and commercial location became evident. Apartment prices surged further, reaching Rs 3,600 – 3,800 per square foot, while land prices nearly doubled to Rs 3,400 – 3,600 per square foot. This year was particularly crucial as it underscored the region’s emergence as a preferred destination for investors and homebuyers alike.
The property market along the Yamuna Expressway witnessed unprecedented growth in 2023. The average price for apartments skyrocketed to Rs 4,900 – 5,100 per square foot, while land prices soared to an impressive Rs 5,900 – 6,100 per square foot. This remarkable growth was largely attributed to several key developments, including the upcoming Jewar Airport, the expansion of the Noida International Airport, and enhanced connectivity through the Delhi-Mumbai Industrial Corridor (DMIC).
As of 2024, the report highlights that apartment prices along the Yamuna Expressway have reached an average of Rs 7,900 – 8,100 per square foot, with land prices now averaging between Rs 6,900 – 7,100 per square foot. This year-on-year surge reflects a 170 percent increase in apartment prices and a staggering 450 percent growth in land prices over the past five years, making the Yamuna Expressway one of the fastest-growing real estate corridors in India.
Builder floor prices have also shown a robust increase, with a notable 35.6 percent rise in just the last year and a 43.5 percent increase over the past three years. These numbers underscore the growing demand for residential properties in this burgeoning region.
“The remarkable price surge along the Yamuna Expressway can be attributed to several key factors. The strategic location, coupled with the upcoming Jewar Airport and other infrastructural developments, has significantly enhanced the area’s connectivity and appeal. Additionally, the rising demand for residential and commercial spaces, fuelled by the growing interest in suburban living, has driven property prices to new heights. The Yamuna Expressway is rapidly emerging as a real estate goldmine, offering substantial returns for investors, says Sunil Sosodiya, Founder, Geetanjali Homestate”.
The increasing preference for spacious living, driven by the remote work culture and the desire for a better quality of life, according to the report, has also played a crucial role in driving demand for properties along the Yamuna Expressway. With its proximity to major urban centres, yet offering the tranquillity of suburban living, the region is perfectly poised to attract homebuyers and investors seeking long-term gains.
As mega infrastructural projects like Jewar International Airport reach near completion and the region continues to develop rapidly marked by substantially high price appreciation across all property segments, Yamuna Expressway is set to remain a hotspot for real estate investment, offering promising opportunities for both residential and commercial property buyers.
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