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Real estate sector to benefit from Yamuna Expressway

1 Comment Sub Category:Other cities,Realty News Posted On: Aug 13, 2012

The Yamuna Expressway may turn 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 only 90 minutes from Greater Noida.

The expressway has brought cheer to the area’s developers with the property prices in its neighbourhood reaching Rs 30,000 per square yard. The coming of an expressway would certain stoke the real estate growth further.

Significantly, the Jaypee Group, which has developed the expressway, is coming up with five integrated townships sprawling across 500 hectares at five locations along the expressway. The state government has already acquired land and allotted 21,000 plots off the expressway to individuals.

Various real estate players of the region are coming up with over 100,000 flats in the area. The Yamuna Expressway project was planned in 2003, but it was delayed because of changes in the government in Lucknow and three major farmers’ agitations at Tappal (Aligarh), Ghodi Bachheda and Bhatta-Parsaul (both in Greater Noida).

One Response to “Real estate sector to benefit from Yamuna Expressway”

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