A big question from Investor or Home seeker: Why Builders Are Investing at Yamuna Expressway?
Builders are increasingly investing in the Yamuna Expressway region due to several strategic factors that make it a highly attractive area for real estate development. Here are the primary reasons:
1. Proximity to Major Infrastructure Projects
Jewar International Airport: The upcoming Noida International Airport at Jewar is one of the most significant infrastructure projects in India. Set to be one of the largest airports in the country, it is expected to become a major hub for air traffic, significantly boosting the area's real estate value. Builders are keen to capitalize on the increased demand for residential, commercial, and hospitality projects driven by the airport's development.
Film City and Other Mega Projects: The proposed 1,000-acre Film City near the expressway, along with other large-scale developments like the Olympic Park, adds to the attractiveness of the area. These projects are expected to draw substantial commercial and residential investments, providing a steady demand for real estate.
2. Affordable Land Prices
Compared to more developed parts of the National Capital Region (NCR), land prices along the Yamuna Expressway are relatively lower. This makes it cost-effective for builders to acquire large parcels of land, allowing them to plan expansive projects, including integrated townships, industrial parks, and commercial hubs, with a higher potential for returns as the area develops.
3. Strategic Location and Connectivity
Excellent Connectivity: The Yamuna Expressway offers direct connectivity between Greater Noida and Agra, and it is well-connected to major highways like the Noida Expressway and Eastern Peripheral Expressway. The proposed metro lines and the upcoming Delhi-Mumbai Expressway further enhance the region's connectivity, making it accessible and attractive for businesses and residents alike.
Proximity to Delhi and NCR: Being relatively close to Delhi, Noida, and other parts of the NCR, the Yamuna Expressway area is poised to benefit from the spillover demand from these regions, particularly as space becomes more constrained in established areas.
4. Growing Demand for Residential and Commercial Spaces
Rising Population and Urbanization: The NCR is one of the fastest-growing urban regions in India. As the population increases, there is a growing demand for affordable and mid-segment housing. Builders see the Yamuna Expressway as an ideal location to cater to this demand, offering a mix of residential units ranging from affordable housing to luxury apartments.
Commercial and Industrial Development: With several IT companies and manufacturing units setting up operations in the area, there is a growing need for commercial office spaces and industrial facilities. Builders are investing in creating business parks, warehouses, and industrial hubs to meet this demand.
5. High Return on Investment
Appreciation Potential: The region is still in its early stages of development, and as infrastructure projects progress, property values are expected to appreciate significantly. Builders and investors who enter the market now anticipate substantial returns as the area's profile rises.
Rental Yield: The anticipated influx of businesses, residents, and tourists due to the airport and other developments is likely to drive up rental yields for both residential and commercial properties, making it an attractive proposition for real estate investors.
6. Government Support and Policies
YEIDA Initiatives: The Yamuna Expressway Industrial Development Authority (YEIDA) actively promotes the area for industrial, commercial, and residential development. The authority's support, including land allotments and approvals for various projects, provides a favorable environment for builders to invest.
Special Economic Zones (SEZs): The government has also designated certain areas along the Yamuna Expressway as Special Economic Zones, which offer tax incentives and other benefits to businesses. This has attracted significant interest from developers looking to build industrial and commercial spaces.
7. Future Growth Prospects
Long-Term Vision: Builders recognize the long-term growth potential of the Yamuna Expressway region. The combination of infrastructure projects, government support, and strategic location positions it as a future economic and lifestyle hub. By investing now, developers aim to be at the forefront of this growth trajectory, positioning themselves to benefit from future developments.
Conclusion
Builders are investing in the Yamuna Expressway due to the region's strategic advantages, including proximity to major infrastructure projects, affordable land prices, excellent connectivity, and strong future growth prospects. As these factors continue to drive demand, the Yamuna Expressway is poised to become a major real estate hotspot, offering substantial opportunities for developers and investors.