In recent years, the property on Yamuna Expressway has seen an astonishing increase in value. According to a report by Geetanjali Homestate, property prices have soared by 170% over the past five years, while land prices have skyrocketed by 450%. Factors like improved infrastructure, better connectivity, and a growing demand for suburban living drive this rapid growth.
Significant Price Growth Since 2019
The property on Yamuna Expressway has experienced remarkable price growth since 2019. Back then, the average cost for flats and apartments ranged between Rs 2,800 and Rs 3,000 per square foot. For land, the prices were around Rs 1,200 to Rs 1,300 per square foot. Although the COVID-19 pandemic in 2020 caused a slowdown in many sectors, property values along the Yamuna Expressway continued to see a modest rise. Apartment prices climbed to Rs 3,200-Rs 3,300 per square foot, and land values remained steady at Rs 1,250-Rs 1,300 per square foot.
Recovery in 2021
By 2021, the market started recovering as interest in suburban areas grew, and life began returning to normal. Property on Yamuna Expressway saw prices increase to Rs 3,400-Rs 3,600 per square foot, while land values jumped significantly to Rs 2,000-Rs 2,200 per square foot. This marked the beginning of a strong upward trend in property values.
Growth Accelerates in 2022
The year 2022 was a turning point for the property on Yamuna Expressway. Improved infrastructure and heightened demand for housing and investment in the area further increased prices. Apartments were priced between Rs 3,600 and Rs 3,800 per square foot, and land prices nearly doubled, reaching Rs 3,400 to Rs 3,600 per square foot. The region emerged as a prime destination for both investors and homebuyers.
Continuing Momentum in 2023
The growth momentum continued into 2023, with property on Yamuna Expressway prices reaching new heights. Apartment prices jumped to Rs 4,900-Rs 5,100 per square foot, while land prices surged to Rs 5,900-Rs 6,100 per square foot. Several key infrastructure projects, including the upcoming Jewar Airport, the expansion of Noida International Airport, and the Delhi-Mumbai Industrial Corridor (DMIC), have contributed significantly to this price boom.
Conclusion
The property on Yamuna Expressway has transformed into one of the most sought-after real estate markets in the Delhi-NCR region. The combination of enhanced infrastructure, improved connectivity, and rising demand has resulted in significant price increases for both land and apartments. Investors and homebuyers looking for growth opportunities in this region are witnessing remarkable returns on their investments.
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