The Yamuna Expressway, which was finally thrown open to public recently will out to be a magnet for real estate growth in the region. The signal-free 165km expressway will reduce the distance between Agra and Delhi to around 211km, reducing the travel time between the Capital and the tourist hot spot to 150 minutes, and a 90 minutes from Greater Noida. It is commendable how the UP government has endeavored to make the Yamuna Expressway an economically viable stretch by allotting land to big corporate giants and allocating the SEZ.
The expressway, in fact, has brought cheer to the area's developers with the property prices in its neighborhood touching a mark of Rs 30,000 per square yard. Real estate experts claim that the proximity to the Formula 1 track and world-class infrastructure are the major draws for the home buyers. The coming of Yamuna expressway would certainly fuel the real estate growth further.
Significantly, the Jaypee Group, which has developed the Yamuna expressway, is coming up with five integrated townships sprawling across 500 hectares at five locations along the Yamuna expressway. The state government has already acquired land and allotted 21,000 plots off the expressway to individuals.
On either side of the Yamuna Expressway, there are SEZ and large educational institutes like Bodh Gaya University (Asia’s largest university). SEZ plots boost of huge plots taken up by Infosys, Earth Infrastructure, Wipro etc to build their campuses.
Yamuna Expressway definitely sounds like a good investment given the fact that there is a big involvement of corporate to make this area economically viable and self sufficient. With world-class amenities like Formula 1, Hospitals, and Universities in the pipeline as well as excellent infrastructure and connectivity this area will be a cash cow investment in the long-term.