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Yamuna Expressway Set to Become India’s Next Major Real Estate Hub, Say Real Estate Players
New Delhi, September 3, 2024: Following the significant real estate boom in Noida, Greater Noida, and Gurgaon, the Yamuna Expressway is emerging as the next major hub for development and investment. This key corridor, also known as the Taj Expressway, is transforming into a prime location for both residential and commercial ventures. Spanning 165.5 kilometers is a six-lane expressway, an access-controlled highway that links Delhi, Noida, Mathura, and Agra, highlighting India’s progress in infrastructure. With a range of amenities and ongoing developments, the Yamuna Expressway is quickly becoming a sought-after destination for investors and homebuyers alike.
The Yamuna Expressway Industrial Development Authority (YEIDA) is about to invest ₹14,000 crore over the next five years to acquire 6,065 hectares of land near the soon-to-be-built Noida International Airport. This land will be used to create urban centres, industrial hubs, public facilities, and a logistics park along the Yamuna Expressway, with the goal of boosting investment in the area.
Recent development projects like Noida International Airport and Rapid X Metro are the main contributors to the growth in Agra and Delhi-NCR areas as the residential, commercial, and industrial sectors are taking off. With the Yamuna Expressway region gaining prominence on the global stage, buyers can benefit from the current property prices, which are still relatively affordable.
Sagar Gupta, Sales Director, Trisol RED, says, “The Yamuna Expressway has significantly boosted both the real estate sector and tourism in the region. The expressway is attracting more tourists from the NCR and beyond by providing a faster and more convenient way to reach the Taj Mahal, one of India’s top tourist destinations. The increase in tourism not only enhances the local real estate market by offering more luxury housing choices but also creates job openings and sustains local enterprises.
Once the Noida International Airport started to develop, the demand for land rose, and prices escalated. Three years ago, a hectare of this land was sold for ₹25-28 lakh. In the first place, but in the year 2024, this rate increased to ₹1.25-1.5 crores per hectare-which is more than 400 rebasing in just six years. This tenacious speed in property prices along the expressway will massively boost real estate boost and promote job opportunities and tourism in the region. The expectation is that the leap in the price of the land will attract investors and developers to construct infrastructures, leading to local growth. YEIDA is also working on a recreational area inspired by New York’s Central Park, highlighting its dedication to providing a well-rounded lifestyle for residents.
The Buddha International Circuit, a Formula 1 racing track situated along the Yamuna Expressway, is set to boost tourism in the area. Its international events attract numerous global visitors, further attracting tourism and enhancing the region’s appeal.
Sanchit Bhutani, Managing Director, Group 108, says, “The region is already renowned as an upcoming IT and manufacturing hub and continues to attract major investments from industry leaders. This is a sign of Noida’s growing influence and capabilities in northern India. This would create job opportunities in the Noida-Yamuna Expressway area. Such Job creation will contribute to economic growth and encourage more real estate developments along the Yamuna Expressway. The upcoming Jewar International Airport is set to drive growth in the real estate market, with a significant rise in demand for both residential and commercial properties anticipated in the near future.”
The area’s carefully designed infrastructure, excellent links to key city centres, and close proximity to the future Jewar International Airport make it a compelling option for both residential and commercial investments. Moreover, the Yamuna Expressway Industrial Development Authority (YEIDA) has spearheaded numerous developments, attracting global investor attention. A planned 172-acre Film City is set to be a transformative project for the region, which will further lead to a property price hike. Therefore, it is a great investment opportunity for investors who are willing to invest in high-property price developments.
Neeraj Sharma, MD, Escon Infra Realtor, says, “The Yamuna Expressway has become a hub for real estate developers and evolved growth along the route. The region is currently witnessing the emergence of townships designed to offer a premium quality of life with exceptional amenities and infrastructure. The Yamuna Expressway links Delhi, Noida, Mathura, and Agra, and it is one of the busiest routes in the area. As a crucial corridor, it offers a wide range of amenities and developments, making it a highly sought-after location for both residential and commercial real estate.”
Travel time has been reduced, which is beneficial for commuters, and the real estate industry is also benefiting from this smooth connectivity. Job workers can easily commute to their offices and travel for leisure time via the Yamuna expressway. The Expressway’s improved and quicker connectivity between Noida, Greater Noida, and the cities of Agra and Mathura has spurred growth along its corridor. This has led to an increase in upscale residential and commercial developments, further fueling the economic progress of the corridor.
Sanjay Sharma, Director, SKA Group said, “We anticipate significant transformation in the area, with the development of shopping districts, residential neighbourhoods, and commercial centres, driving economic progress and top-notch lifestyle for its residents. YEIDA has begun developing smart cities along the Yamuna Expressway, featuring cutting-edge infrastructure such as efficient transportation systems, digital connectivity, and smart energy management. These smart cities are designed to enable sustainable development and improve the quality of life for their residents. This growth presents a prime opportunity for investors and businesses to benefit from the growing infrastructure on Yamuna expressway.”
The Yamuna Expressway is set to maintain its momentum with ongoing and upcoming developments. With several projects planned, the expressway is expected to transform the region’s reputation as a centre of innovation, lead to economic growth with its job opportunities and upcoming businesses and position itself as one of the most promising areas for real estate expansion in India.
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