In recent years, property in Delhi, particularly in the Delhi-NCR area, has experienced a significant jump in value. According to a report by Geetanjali Homestate, prices of properties along the Yamuna Expressway have skyrocketed, making it one of the fastest-growing real estate zones in India. The report highlights that between 2019 and 2024, property prices have risen by 170%, while land prices have surged by an impressive 450%.
Sharp Rise in Property Values
Since 2019, the cost of buying property in Delhi, especially near the Yamuna Expressway, has seen a remarkable increase. Back in 2019, apartments were priced around Rs 2,800 to Rs 3,000 per square foot, and land plots were available for Rs 1,200 to Rs 1,300 per square foot. By 2024, apartment prices have shot up to Rs 7,900 to Rs 8,100 per square foot, while land prices have reached Rs 6,900 to Rs 7,100 per square foot. This dramatic rise in values showcases the area’s rapid development.
Factors Behind the Price Increase
Several factors have contributed to the growth of property in Delhi, especially along the Yamuna Expressway. Improvements in infrastructure, better connectivity, and upcoming projects like the Jewar Airport have been key drivers. The development of the Delhi-Mumbai Industrial Corridor (DMIC) has also played a significant role in increasing demand for both residential and commercial spaces in the region.
Year-by-Year Breakdown of Property Growth
Over the past five years, the prices of property in Delhi along the Yamuna Expressway have seen steady growth:
- 2019: Apartment prices ranged from Rs 2,800 to Rs 3,000 per square foot, and land prices were Rs 1,200 to Rs 1,300 per square foot.
- 2020: Despite the pandemic, property prices increased modestly to Rs 3,200 to Rs 3,300 for apartments, while land prices remained steady.
- 2021: As interest in suburban areas grew, property values climbed further to Rs 3,400 to Rs 3,600 for apartments and Rs 2,000 to Rs 2,200 for land.
- 2022: Prices jumped again, reaching Rs 3,600 to Rs 3,800 for apartments and Rs 3,400 to Rs 3,600 for land.
- 2023: The trend continued with apartment prices hitting Rs 4,900 to Rs 5,100 and land values soaring to Rs 5,900 to Rs 6,100 per square foot.
The Impact of Infrastructure Projects
The rise in property in Delhi along the Yamuna Expressway is closely linked to upcoming infrastructure projects. The Jewar Airport and expansions of the Noida International Airport are attracting more buyers and investors. Improved connectivity due to new highways and industrial corridors is making this area a prime spot for those seeking a balance between urban convenience and suburban tranquility.
Builder Floors and Rising Demand
In addition to land and apartment prices, builder floor prices have also seen a steady increase, rising by 35.6% in the last year alone. This surge in demand for builder floors reflects a growing interest in owning homes with more space and privacy.
A Prime Destination for Real Estate Investments
The Yamuna Expressway has rapidly become one of the most sought-after areas for property in Delhi. The strategic location, combined with major developments and improved infrastructure, has turned it into a hotbed for real estate investments. Whether for residential or commercial purposes, properties along the Yamuna Expressway offer promising returns.
Why the Yamuna Expressway Is Thriving
The preference for larger living spaces, driven by remote work trends and a desire for a better quality of life, is pushing more buyers toward the Yamuna Expressway. Its proximity to the city combined with the peace of suburban life makes it an attractive option for homebuyers and investors alike.
Conclusion
The surge in property in Delhi, particularly along the Yamuna Expressway, shows no signs of slowing down. With prices continuing to rise and major infrastructure projects on the horizon, this area is expected to remain a key real estate investment hub. Whether you’re a homebuyer or an investor, the Yamuna Expressway offers tremendous potential for growth in the coming years.
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