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Plot values on Yamuna Expressway to rise by 30%

Posted On : 2012-12-28 20:55:59
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News Type: Property ;

Synopsis

Yamuna Expressway, the longest elevated highway in India that joins Greater Noida to Agra has seen a number of plot launches in the past. This 165 Km long highway has reduced the travel time between D

Yamuna Expressway, the longest elevated highway in India that joins Greater Noida to Agra has seen a number of plot launches in the past. This 165 Km long highway has reduced the travel time between Delhi and Agra to roughly around two hours from the usual four hours. This in addition to the low prices has opened a new window for real estate developments on both sides of the Expressway.

Going against the prevalent trend of offering high-rises in the NCR, Yamuna Expressway offers residential plots in townships being built by eminent developers. The area is witnessing a considerable capital appreciation since past two years. Along with F1 Track and Gautam Buddha Technical University, the upcoming IT Hub being situated 1.5 Km away from this university is acting as the catalyst to the real estate development in Yamuna Expressway.

“After witnessing a 100 per cent capital appreciation in the residential plot values in the past two years Yamuna Expressway, we expect further 30 per cent rise in next two years. We see a huge demand coming from high-end buyers from Delhi and NCR,” says Bhaskar Singh from Parnal Infratech Pvt Ltd., one of the developers offering residential plots on Yamuna Expressway.

“Residential plots on offer come within the price bracket of Rs 20,000 to 30,000 per sq yd. We are expecting a rise of at least Rs 7,000 per sq yd in next 2 years,” says Abhay Kumar from Eagle Home Solutions Pvt. Ltd., a property brokerage firm.

There are more than 10 new projects in Yamuna Expressway that are offering residential plots to the buyers. These include projects from big developers such as Supertech Limited, 3C Infrastructure Pvt. Ltd., Jaypee Infratech Ltd., AVJ Group, Logix Empire Estate, Orris Infrastructure Pvt. Ltd., etc.

“We see a mix of investors and end-users interested in buying various sizes of plots available. There are plots available in 100 to 1,000 sq yd of area,” says Imran Ali from Estate Master, a property brokerage firm.

End users look at plots as investment options over apartment projects as there is zero maintenance required on a plot. In addition, the improving infrastructure will add value to the overall investment.




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