5 Reasons for you to Invest along Yamuna Expressway Opened in 2012, Yamuna Expressway has evolved as one of the most vibrant real estate destinations in the last two to three years. The entire project was ideated with the aim to reduce the travel time between Delhi and Agra, which has been successfully accomplished. The 166 km long, sixlane expressway is India’s longest motorway and has opened up an untouched area for economic development and expansion of the National Capital Region (NCR). Understanding the growth prospects, several leading developers are already cashing on the opportunities sprouting along the expressway. While the development, at present, may seem little slow; with new proposed infrastructure development including the metro is expected to give new impetus to the residential real estate demand. Connectivity: Existing & Upcoming • Yamuna Expressway boasts of ‘Intelligent Transport System’ installed with the objective of providing safe, secure and convenient travel between Agra and Greater Noida. • Starting from Noida-Greater Noida Expressway at one end, Yamuna Expressway is connected to the Agra Ring Road. This will further join it with other NCR towns such as Gurgaon, Manesar, Rohtak & Sonipat in Haryana and Ghaziabad, Hapur & Meerut in Uttar Pradesh. • Yamuna Expressway will also connect few major cities, such as Kanpur, Gwalior and Lucknow, by shortening the distance and reducing the travel time. • Noida authority has planned a Transport Hub, which will have a range of transportation modes including an Inter State Bus Terminus and a Railway Station • The proposed metro rail project between the Pari Chowk and Sector 18 and 20 in Greater Noida has been approved by the Yamuna Expressway Authority. Adequate Water & Power Supply • Yamuna Expressway falls in the Yamuna Basin that has huge untapped floods and a large network of canals. This caters as the main water source for domestic and industrial development proposed along the expressway for present and future needs. • Yamuna Power Generation Company has been created to address the power supply and demand of the YEIDAregion. There is a proposed 765 KVA Substation of 3000 MW capacity at Jahangirpur, YEIDA region. Add to this, there are long-term development infrastructure plans including the establishment of Independent Yamuna Power Corporation Limited, a 2,000 MW power plant.
Affordable Housing Hub • Touted as an affordable destination, Yamuna Expressway is currently dotted by projects with small number of units. • 2BHK units rule the roost here with 39 per cent availability, closely followed by 3BHK units with 33 per cent and 1BHKunits comprises of about 18 per cent of the market share. • About 38 per cent projects in Yamuna Expressway were launched in the price brackets of Rs 3,000-3,500 per sq ft. This was followed 18 per cent projects in the price range of Rs 2,0003,000 per sq ft and 3,500-4,000 per sq ft each. • Proposed housing units under Samajwadi Awas Scheme and MIG Scheme with an expected investment of Rs 500 crore by YEIDA will give further boost to affordable housing in the area. Physical & Social Infrastructure • Development around Gautam Buddha University on the Expressway with necessary social infrastructure is more likely to turn the area into a nice sustainable residential zone soon. • An International Airport is also planned to encourage tourism. The airport will have direct access to the Taj Expressway. • Yamuna Expressway is home to the country’s first and only Formula One Circuit. Sports amenities such as multi-purpose stadium, cricket stadium and tennis court complex are also on the anvil. Manufacturing, Logistics & IT Hub • Proposed Delhi-Mumbai Industrial Corridor is expected to go through Dadri, which is to boost both the Logistics & Warehousing Hubs and Special Development Zones along the expressway. • About 12 major Japanese, Chinese and Korean companies have shown interest in setting up their manufacturing plants along the expressway. • Proposal of an Information Technology hub with an investment of about Rs 15 crore by YEIDA. Source: CommonFloor.com For Latest Updates on Real Estate Updates, Property News and Cities Infrastructure Developments Visit: http://www.commonfloor.com/guide
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