Yamuna Expressway witnessed rapid development

Yamuna Expressway witnessed rapid development

Delhi/NCR: With improved connectivity and fast pace of infrastructural development, the 165km-long Yamuna Expressway is being considered as one of the best locations for real estate development.

To boost the area’s profile further, Yamuna Expressway Industrial Development Authority (YEIDA) has allotted a number of plots to reputed builders and developers to develop integrated townships with affordable homes, group-housing societies, luxury villas, and independent floors.

These developing townships along Yamuna Expressway are strategically located in one of the fastest-growing hubs for commercial, retail, and entertainment outlets of India and are just ahead of Buddh International Circuit (BIC).JP Sports City, India’s only integrated sports city , is also located nearby . Most of these sites are well connected to the heart of Greater Noida, Noida, and Delhi.

Jaypee Group has launched one the finest integrated city projects, Jaypee Greens Sports City , on 1,000 hectares with facilities like a cricket stadium, tennis courts complex, swimming pools, and a multipurpose indoor stadium.

YEA has allotted JP Group 5,100 hectares to develop its mega townships projects. YEIDA also has plans to develop huge theme parks and play zones along the belt, and convert one side of the expressway into an entertainment hub.

With prices of land in Noida and Greater Noida going up, the area along the 165km-long Yamuna Expressway has emerged as an affordable housing hub for middleclass buyers. The UP cabinet approved 64.7% extra compensation to farmers, which YEIDA will have to shell out. YEIDA has raised the rates of residential and commercial properties by 23% and 24%, respectively, while industrial and institutional land rates have been raised by 10.9% and 10.76%, respectively.

P C Gupta, the CEO of YEIDA, says: “The authority will have to collect Rs 2,875 crore in the next two years to pay additional compensation to farmers. We had no option but to raise allotment rates. Still, compared to other NCR cities, this belt is loaded with world-class infrastructure and is affordable. The residential rates have gone up from Rs 11,500 per sq m to Rs 14,200 per sq m, while commercial rates have risen from Rs 23,000 per sq m to Rs 28,500 per sq m.

Apart from JP, other reputed realty players like, ATS, Orris Infrastructures, Supertech, Gaursons, Ajnara India, Cosmic, etc, have launched a number of realty projects on this stretch.