While property costs in Delhi NCR have gone by means of the roof there are some areas the place the land costs along with apartment prices have boomed like not at all sooner than. One such house is the land alongside the Yamuna Expressway in Noida.
Buying a plot of land or a flat alongside the Yamuna Expressway in Noida is not cheap. After the pandemic, whereas the prices of flats alongside the Yamuna Expressway have elevated by 170 %, prices of land have develop to be surged by as a lot as 470 %. These shocking particulars have come to light in a report by property consultancy company Geetanjali Homestate.
The rising curiosity in suburban property since 2021 has made land alongside the Yamuna Expressway expensive. Even when the true property market was in a stoop in 2020 after the pandemic, the prices of properties located throughout the Yamuna Expressway saved rising. Apartment prices in the intervening time have been between Rs 3,200 to Rs 3,300 per sq. foot and land prices have been between Rs 1,250 to 1,300 per sq. foot.
After 2021, apartment prices grew to turn out to be Rs 3,400 to Rs 3,600 per sq. foot and land prices moreover surged drastically to Rs 2,000-2,200 per sq. foot. This improvement didn’t stop in 2022. During that time, apartment prices rose to Rs 3,600-3,800 per sq. foot and land prices just about doubled to Rs 3,400-3,600 per sq. foot.
The precise property market touched new heights in 2023. The widespread prices of flats rose to Rs 4,900 to Rs 5,100 per sq. foot, whereas land prices skyrocketed to Rs 5,900 to Rs 6,100 per sq. foot. The important goal behind that’s the improvement of the Jewar Airport and better connectivity of the Delhi-Mumbai Industrial Corridor (DMIC).
In 2024, the fees alongside the Yamuna Expressway broke all obstacles. The costs of flats proper right here have reached a imply of Rs 7,900 to Rs 8,100 per sq. foot and the worth of land has reached Rs 6,900 to Rs 7,100 per sq. foot. The staggering enhance of 170 % in apartment prices and 450 % in land prices throughout the closing 5 years has made the true property proper right here a golden goose for merchants.
Whether it’s because of the occasion of the Jewar airport or one other authorities mission, every property provider alongside the Yamuna Expressway has elevated their prices. This is why the true property market on this house is attracting merchants. The property prices on this house are hitting new information each day.
