The Formula One Circuit and its quintessential speed, glamour, and entertainment avenues have become force multipliers to the locational advantages of the 165-km-long Yamuna Expressway cutting across from the Noida-Greater Noida region to Mathura and then beyond to Agra. It has unlocked a huge potential for realty development and created a tremendous opportunity for the growth of the sector. Not without reason has it caught the fancy of both the end-user and the investor
The vast swathes along both sides of the world-class Yamuna Expressway have become hot realty destinations due to their strategic location and connectivity quotient. That the Expressway enables travelers to complete this considerable 165-km-long stretch in just two and a half hours has attracted end-users and investors alike.
The growing industrialisation of the Greater Noida region and the proximity of the Expressway to the Delhi-Mumbai Industrial Corridor (DMIC) are also acting as realty magnets to the region.
DMIC, which is one of the largest planned infrastructure projects in India will be a 1483-km long multi-modal high axle load dedicated freight corridor that will cut across six states and is expected to positively impact over 18 crore people (15 percent of India’s population). Its proximity to the Yamuna Expressway offers a huge opportunity for the business community to settle at the latter location.
The Yamuna Expressway Industrial Development Authority puts inaptly: “The development of the Yamuna Expressway project was conceived not only for reducing travel time between New Delhi and Agra but also to open up avenues for industrial and urban development of the whole region…availability of large land parcels at affordable prices in this area is also in favour of the development of mega real estate projects.”
The area also boasts 650 acre of integrated IT park developments and ‘tech zones’ comprising plots ranging from 8-100 acre. The tech zone has become the most sought-after location by IT-ITeS companies today. Also, the recent news that the Expressway is expected to be connected by the Metro in the near future has created a new boom in the market.
The planned Metro alignment is expected to run parallel to the Yamuna Expressway and the total Metro rail route length would be around 21 km from the Zero Point of the Yamuna Expressway on the Noida- Greater Noida Expressway.
Apart from all these, the F1 event being held at the Buddh International Circuit at Greater Noida has also brought the projects along the Yamuna Expressway into the limelight.
There are a lot of international quality real estate projects launched around the F1 track, including the state-of-the-art Solitairian City.
Ever since the F1 track was conceptualised along the Yamuna Expressway, the location has reaped high returns on investments. It was in October 2011
when the first edition of the Indian Grand Prix was held successfully at this location, and since then, real estate prices at this location have soared sharply. With the convergence of speed, coupled with entertainment and international glamour, the F1 track has raised the real estate profile of this area in the truest sense, giving it a place of prominence on the world map.
Other prime attractions are the Night Safari, Go Carting Circuit and a proposed 18-hole golf course calling people to live and enjoy life at this location. The Yamuna Expressway region, located to the south of the Gautam Budh Nagar District, is also seen to be the only place in this part of NCR that offers an astonishing sum of virgin land for planned development and that too at comparatively lower prices. Ever since the Expressway has become operational, many industries have already started flocking to this region to set shop.
Gradually all these factors, and most importantly the advantage of smooth and faster connectivity have combined to play a major role in turning this location into a real estate destination of huge potential. Already the location is witnessing the development of different real estate projects, including large-scale integrated townships, warehouses and commercial hubs, among others. Yamuna Expressway area holds a sure-shot promise of price appreciation within ten years. By then, it is expected that all the planned infrastructure of this area will be in place. With the completion and start of operations of the Expressway, real estate prices at this location have already started soaring by over 55 percent, yet remaining within affordable limits as of now.
In short, at present, it is a highway to a win-win situation for both the end-users and the investors
- DMIC, which is one of the largest planned infrastructure projects in India will be a 1483-km-long multi-modal high axle load dedicated freight corridor that will cut across six states and is expected to positively impact over 18 crore people (15 percent of India’s population)
- The development of the Yamuna Expressway project as conceived not only for reducing travel time between New Delhi and Agra but also to open up avenues for industrial and urban development of the whole region
- The area also boasts 650 acre of integrated IT park developments and ‘tech zones’ comprising plots ranging from 8-100 acre. The tech zone has become a most sought-after location by IT-ITeS companies today
- The planned Metro alignment is expected to run parallel to the Yamuna Expressway and the total Metro rail route length would be around 21 km from the Zero Point of the Yamuna Expressway on the Noida- Greater Noida Expressway
- There are a lot of international quality real estate projects launched around the Fl track, including the state-of-the-art Solitairian City
- With the convergence of speed, coupled with entertainment and international glamour, the Fl track has raised the real estate profile of this area in the truest sense, giving it a place of prominence on the world map
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