Yamuna Expressway: Invest in Plots for Good ROI Unlike conventional market trends, residential plots are gaining prominence as one of the most preferred property types. This trend was reflected in our latest survey, where for the first time plots emerged as most preferred property type with nearly 50 per cent respondents voting for it. While plots do score better over other property types for better returns, this remarkable trend also indicates that buyers are now investing with mid-to-long term investment horizon. And for someone who is eyeing Delhi NCR market, Yamuna Expressway can be a potential option. This stretch, connecting Greater Noida and Agra, has plots up for grab at different price points. CommonFloor data suggests that from 2010, plots constitute more than 30 per cent share of launches every year till 2014. This is mainly because the stretch holds immense potential for long term investment rather than short term. Also, the social infrastructure, that is requisite for day-to-day living is yet to develop. Here is a snapshot of land market along the stretch. Why Yamuna Expressway? With Yamuna Expressway Industrial Development Authority (YEIDA) leaving no stone unturned, a lot more awaits to change the fortunes of the stretch. Several infrastructure upgrades have been envisaged to develop India’s longest motorway at par with international standards. The fact that it offers an opportunity to all income groups to invest also renders it an ideal investment option. As per data, there are plots available at as low as Rs 10 lakh and as high as Rs 70 lakh, depending upon the sizes and exact location. Moreover, the stretch has been witnessing consistent supply for plotted projects. As per CommonFloor research, as compared to 2011, the number of units entering the market almost doubled in 2012, which continued till 2013. In 2014, due to overall slowdown, developers mostly focused on completing their existing projects rather than launching new ones. Thus, less number of units were launched, which were mostly skewed towards Greater Noida. What about Return on Investment? Well, to answer this let’s have a look at the graph below, which depicts the price trends for plots in Yamuna Expresswaysince 2011.
From the above graph, we can see a consistent growth pattern. A closer look at the data clearly suggests that in 2011, as construction work on Yamuna Expressway was nearing completion, prices witnessed a significant increase when compared to 2010. With the expressway thrown open to the public and improved connectivity, property values witnessed a constant rise in 2012 and 2013. This rise can also be attributed to the attention that the stretch got due to the first F1 race to be ever hosted by India. However, due to lack of social infrastructure, prices in 2014 stabilised. Thus, people who would have invested in 2010 would have easily garnered about 200 per cent profit on their investment. As per CommonFloor, from Rs 800 per sq. ft. in 2010, the property prices have risen to Rs 2,500 per sq. ft. in 2014. What are the Options Available? Various developers offering plotted development along this stretch include Orris Infrastructure Pvt Ltd, Supertech Limited, Jaypee Group, Gaursons India Limited Ltd, to name a few. Below is the table for top 5 ongoing projects offering plots (2012-2015).
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