The report highlights a notable growth in property prices since 2019. Back then, the average cost of flats or apartments on the Yamuna Expressway was between Rs 2,800-3,000 per square foot. Prices of land or plots were around Rs 1,200-1,300 per square foot. Despite the COVID-19 pandemic in 2020, property values showed a modest increase; apartment prices averaged between Rs 3,200-3,300 per square foot, while land prices remained stable at Rs 1,250-1,300 per square foot.
In 2021, the market started to recover, driven by rising suburban interest and a return to normalcy. Property prices rose to Rs 3,400-3,600 per sq ft, and land prices saw a significant jump to Rs 2,000-2,200 per sq ft. This period marked the beginning of a pronounced upward trend in property values.
In 2022, the impact of improved infrastructure and increased demand for the Yamuna Expressway region became evident. Property prices rose to Rs 3,600-3,800 per sq ft, while land values nearly doubled to Rs 3,400-3,600 per sq ft. This year highlighted the emergence of the area as a sought-after location for both investors and homebuyers.
The growth momentum continues in 2023, with apartment prices touching Rs 4,900-5,100 per sq ft and land prices soaring to Rs 5,900-6,100 per sq ft. Key developments such as the upcoming Jewar Airport, expansion of Noida International Airport and improved connectivity through the Delhi-Mumbai Industrial Corridor (DMIC) contributed significantly to this remarkable growth.
The report states that as of 2024, property prices along the Yamuna Expressway have risen to between Rs 7,900 and Rs 8,100 per square foot, while land prices now average between Rs 6,900 and Rs 7,100 per square foot. This represents a 170% increase in apartment prices and a staggering 450% growth in land prices over the past five years, underlining the Yamuna Expressway’s status as one of India’s fastest-growing real estate corridors.
Property and land prices rise along with Yamuna Expressway
Year | Average price of flats/apartments (Rs) (in sq ft) | Average Land/Plot Price (Rs) (in sq ft) |
2019 | 2800 – 3000 | 1200 – 1300 |
2020 | 3200 – 3300 | 1250 – 1300 |
2021 | 3400 – 3600 | 2000 – 2200 |
2022 | 3600 – 3800 | 3400 – 3600 |
2023 | 4900 – 5100 | 5900 – 6100 |
2024 | 7900 – 8100 | 6900 – 7100 |
Global growth in 5 years (in %) | 170% | 450% |
Prices for residential apartments have also seen substantial increases, with a 35.6% rise in the last year alone and a 43.5% increase in the last three years. This trend reflects the growing demand for residential properties in the region.
Sunil Sisodiya, Founder, Geetanjali Homestate, commented, “The exceptional price increases along the Yamuna Expressway are driven by several key factors, including the strategic location, upcoming infrastructure projects such as the Jewar Airport and improved connectivity in the region. The growing demand for residential and commercial spaces, particularly in suburban areas, has driven property values to new heights. The Yamuna Expressway is fast emerging as a premier real estate investment destination, promising significant returns for investors.”
The report further notes that the growing preference for livable spaces, influenced by remote working trends and desire for a higher quality of life, has been instrumental in driving property demand in this region. With its proximity to major urban centres combined with the serenity of suburban living, the Yamuna Expressway is well positioned to attract both homebuyers and investors looking for long-term gains.
Geetanjali Homestate’s findings highlight the significant potential of the Yamuna Expressway as a key real estate investment hub. The substantial year-on-year price appreciation across various property segments highlights the region’s growing importance within the Delhi-NCR real estate market. As infrastructure projects progress and the region continues to evolve, the Yamuna Expressway is expected to remain a prime location for real estate investments, offering promising opportunities for both residential and commercial buyers.
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