Should you Invest in Yamuna Expressway? | Doubt solved!

Planning to invest in Yamuna Expressway? In this article we have shared some interesting facts which you should know before investing near Expressway.

Yamuna Expressway has evolved as one of the largest real estate hotspots in the last three years. It is proving to be one of the best choices for home buyers and investors. The six-lane 166 km expressway is the longest motorway in India. It has opened up a pristine area for economic development and expansion of the NCR region. For the past 1-2 years, several integrated warehouses, logistics hubs, and integrated townships have been developed here.

The Expressway has shortened travel time between Agra and New Delhi. It has unfold opportunities for industrial and urban development in the region and laid the foundation for convergence between tourism and other related industries. The Expressway stretches 166 km to Agra from Greater Noida through Aligarh and Mathura. Several projects are under development and approval of two metro routes, i.e, Noida City Center to Sector 62 and Noida City Center to Greater Noida, have led to extensive development in this zone.

With growth opportunities in mind, several leading developers are already taking advantage of the investment opportunity along the expressway. However, developments today may seem a bit slow. The new proposal for infrastructure development, including the metro, will give a new boost to the demand for residential properties.

Top 5 reasons to invest in Yamuna Expressway | Investing in Yamuna Expressway

Properties from reputed developers-

There are several housing projects along the Yamuna Expressway, built by leading developers. Gaurs, Ajnara, Skyline, Supertech, ATS, and Lotus are some of them. On average, you will find properties of different configurations in places like sectors 19, 22, 24, 25, 17A, and 22D on the expressway. Prices of affordable housing units at Yamuna Expressway starts from Rs 10 lakhs and Rs 2.25 crore for luxury projects. In the middle class category, there are several projects ranging from Rs 40 to 80 lakhs too.

Perfect Investment option- 

According to a number of real estate experts, the Yamuna Expressway will become a popular place to live in the future. It will flourish once Jewar Airport is completed and metro connectivity is fully developed on this section. Jewar Airport once completed, will further increase the connectivity with Delhi and is perfect reasons to invest in Yamuna Expressway. The new infrastructure will emerge to connect the Jewar airport with Indira Gandhi International Airport. Yamuna Expressway Industrial Development Authority (YEIDA) has also revamped its master plan for 2031 to stimulate further development along the Expressway.

Also Check:- plots in Yamuna Expressway

Upcoming Jewar Airport-

Yamuna Highway is an ideal place for potential real estate investments. It is one of the longest expressways with controlled access in India, directly connecting the metropolitan area of ​​Noida with Agra thus increasing the prospects for neighboring regions. The area is witnessing a significant boom in property values due to the proposed Noida International Jewar airport. Another benefit of investing in Yamuna expressway projects is the highway runs through the main road of Yamuna. Thus it can benefit those traveling from Noida, Gaur Yamuna City, and Greater ​​Noida.

Offers Seamless Connectivity-

The Yamuna Expressway to UP and Haryana areas and is connected to the Agra ring road. This further connects it with other regions of the NCR, such as Gurgaon, Sonipat, Manesar, Rohtak, Ghaziabad, Meerut, and Hapur. It also connects some major cities like Lucknow, Kanpur, and Gwalior shortening distances and travel times. Hence, connectivity is one of the main reasons to invest in Yamuna Expressway.

The Expressway offers a good proximity to basic amenities, such as schools, hotels, hospitals, etc. Future development on Yamuna Expressway includes the construction of an IT park, and a planned railway station. F1-track at Buddha International Circuit is another feature at Yamuna Highway. The UP government has also designated the Expressway as manufacturing hub of electronics. The Noida authorities have also planned a transport hub that will include various modes of transport, including an Inter State Bus Station and a Railway station.

Affordable Housing Hub-

Yamuna Expressway, considered an accessible location, currently filled with projects with a small number of units. However, the market share for 2 BHK units is really high compared to 1 and 3 BHK units. 1 BHK units are much smaller in size and account for about 18% of the market share. The area is dominated by 2 BHK units with 39% availability, followed by 3 BHK units with 33%. About 38% of Yamuna Expressway projects launched in the price range of Rs 3,000 to Rs 3,500 per square foot. About 18% of the projects in the price range of Rs 2,000 to 3,000 per square foot and Rs 3,500 to 4,000 square foot each. So, these are some of the reasons to invest in Yamuna Expressway.

Other Links:-

UP-RERA to give nine month extension for registration of projects

Invest in Sector 93 Noida

Real estate agents in UP seeking for new insolvency resolution policies

real-estate-agents-in-up-seeking-for-new-insolvency-resolution-policies

Several real estate developers and industry associations have called on the government of Uttar Pradesh to develop pragmatic policies for industrial development bodies. The policy is especially for the cities of Noida and Greater Noida, so that they can quickly resolve insolvency projects.

Decisions on multiple projects have been put on hold as the authorities want to be financial lenders, not operational lenders. So they can make an impact and not take commissions on projects that are stuck.

According to the Confederation of Real Estate Developers Associations of India (CREDAI). Approximately 190,000 properties stuck in Noida, Greater Noida and Ghaziabad, worth 1 lakh crore. At least 36 property projects are facing bankruptcy or insolvency proceedings in Greater Noida alone. This has affected about 50,000 home buyers and withheld about Rs 7,000 crore in administration fees.

Investment cycle may resume!

Insisting on interest rates, fines and other fees can ultimately make full settlement plans financially unstable, experts say. In addition, the investment cycle in these areas will be resumed if the established insolvency cases are resolved.

Developers will have to pay around Rs 40,000 crore dues to three different NCR authorities, including Noida, Greater Noida and Yamuna. The dues have been pending since 2010, but given the new interest rate, the amount likely to reduced to Rs 25,000 crore.

According to the CREDAI’s letter, several property developers involved in the insolvency process. The list consists of big and reputed developers including Jaypee Infratech, Amrapali, BPPL, Granite Gate, Subhkamna Buildtech, etc. CREDAI also stated that if development authorities continue to challenge settlement plans in court without applying a pragmatic decision-making structure that addresses the issues described above, it will not only delay the process but ultimately lead to settlement.

Proper policy framework needed

Sahil Vachani, MD and CEO at Max Ventures and Industries Ltd said, “To accelerate the process of insolvency proceedings, in the Greater Noida and Noida area and to cope with the high land dues of industrial development authorities, a pragmatic policy framework is needed. In the absence of such a policy, the restructuring of insolvent corporate debtors is not economically feasible.”

Abhishek Tripathi, managing partner, Sarthak Advocates and Solicitors said, “Authorities like Noida and Greater Noida need to aware of the fact that dues paid to them by developers have the character of an operating debt and make them acting creditors. Past commission fees or dues must reviewed in accordance with a resolution plan approved by the Creditors Committee and the NCLT.”

Other links-

Builders in Pune can use credit notes for wider payments

Authorities planning to increase circle rates in Noida

Yamuna Expressway Awaits Approval Of Master Plan 2031

Seeking approval from the state government, Yamuna Expressway Authority has dispatched a revised draft of Master Plan 2031 for the development of the first phase.

More residential development is likely to come on the Yamuna Expressway corridor.

More residential development is likely to come on the Yamuna Expressway corridor.

Yamuna Expressway Authority has dispatched a revised draft of Master Plan 2031 to the state government with some alterations. The altered draft omits plans to build Jewar Airport and the Yamuna Expressway Authority will reserve the set- aside- land for the airport.

Earlier 10,000 hectares of agricultural land was kept apart for the airport construction. Once the plan gets approval, the revisions will be implemented in the sub-regional plan of Uttar Pradesh.

During its last month’s board meeting, Yamuna Expressway Authority had declared that it would send revised master plan to the state government for approval.  However the move is believed to follow the State’s CM Akhilesh Yadav’s decision to construct the proposed airport somewhere nearby Agra or its neighborhood. Continue reading

New Project: Jaypee Greens Yamuna Vihar, Sports City East, Greater Noida

Construction major Jaypee Infratech has launched a new residential project called Jaypee Greens Yamuna Vihar as a part of its Greater Noida based township, Jaypee Greens Sports City. The project offers residential plots of around 200 and 300 sq yard with a cost of Rs 27000 per sq yard. An pre-launch discount of Rs 900 per sq yard is being offered for a limited time taking the cost to Rs 26100 per sq yard. Booking amount is Rs 4 lakh which can be paid via Demand Draft in favour of Jaypee Infratech Ltd.

Visit jaypeegreensyamunavihar.propertywala.com for more information and booking.

Greater Noida’s Land Rates Inflated at 12.5% by UP Govt.

Post farmers protests for hightened land reimbursements, authorities of Noida, Greater Noida and Yamuna Expressway on Monday decided to inflate land rates by 12.5%. To counterweigh the loss, authorities have also inflated land allotment rates by the similar percentage. This was revealed by Chairman Mohinder Singh at a press conference.

Moreover, authorities have permitted for 04 new metro rail projects including City Centre to NH-24 via Sector 71 overpassing, Sector 71 intersecting to Bodaki railway station in Greater Noida via Sector 121 and Noida Extension and Kalindi Kunj to Botanical Garden. The fourth link from Sector 94 to 142 via 124 and 44 will tie the Noida-Greater Noida Line to Kalindi Kunj providing a direct connection to the Sarita Vihar line.

A raised road along the Shahdara drain is proposed from Sector 14-14A to Kalindi Kunj via Noida Sector 95. The line would be 5.8 kilometer long and cost would be Rupees 525 crore. Also, the board has agreed a laser park at Sector 91, a project for municipal solid waste management and other village development projects.

Jaypee Greens Announces Kassia Personal Suite in Sports City

Construction Major JAYPEE GREENS has announced the launch of SPORTS CITY KASSIA PERSONAL SUITE located along Yamuna Expressway in Greater Noida. Jaypee Greens Kassia is located in Jaypee Greens Sports City in close proximity to the upcoming Formula One Racing Circuit. It will also be close to boulevard style roads.

  • Personal Suite / Floor
  • Area : 2 BHK – 1000 sq ft
  • 3 BHK – 1300 sq. ft.
  • 4 BHK – 1800 sq. ft.
  • Options: G+4 and G+6
  • Rate : Rs. 2050 per sq ft.

(All information is approximate)

For more information or booking please visit jaypeegreenssportscity.propertywala.com

Jaypee Greens Announces Lake District in Sports City, Greater Noida

Jaypee Greens Sports City - Lake District,  Greater Noida Jaypee Group (JPSK Sports Private limited) announces yet another new residential project “Lake District” under its new sports themed township Sports City along Yamuna Expressway in Greater Noida (Gautam Budh Nagar). The project is so names as it will feature an artificial lake in line with international standards. The project will offer luxury living at affordable rates. The lake district project will have 2BHK (2 bedroom), 3BHK (3 bedroom) with optional worker rooms (servant quarters), and 4BHK (4 bedroom) with worker rooms (servant quarters) residential apartments.

For further information such as floor plans, pricing, booking details, etc. please visit: http://jaypeelakedistrict.propertywala.com/