+
Flat prices surge 170% on NCR's Yamuna Expressway in 5 years
Real Estate

Flat prices surge 170% on NCR's Yamuna Expressway in 5 years

Apartment prices along the Yamuna Expressway in the Delhi-NCR region have surged by 170%, while land prices have increased by an astonishing 450%, according to a report by property consulting firm GeetanjaliHomestate. In 2020, despite the onset of the COVID-19 pandemic, there was a slight appreciation in prices, with apartments averaging between Rs 3,200 - 3,300 per sq ft, and land prices remained stable at Rs 1,250 - 1,300 per sq ft.

The real estate market in the area began gaining momentum in 2021, with the return to normalcy and increased interest in suburban properties. Apartment prices rose to Rs 3,400 - 3,600 per sq ft, while land prices saw a notable increase to Rs 2,000 - 2,200 per sq ft. By 2022, improved infrastructure and the growing appeal of the Yamuna Expressway as a prime location drove further increases, with apartment prices reaching Rs 3,600 - 3,800 per sq ft and land prices nearly doubling to Rs 3,400 - 3,600 per sq ft.

By 2023, apartment prices had jumped to Rs 4,900 - 5,100 per sq ft, and land prices soared to Rs 5,900 - 6,100 per sq ft. This rise was largely attributed to key developments such as the upcoming Jewar Airport, the expansion of the Noida International Airport, and enhanced connectivity through the Delhi-Mumbai Industrial Corridor (DMIC). As of 2024, the report highlighted that apartment prices had reached an average of Rs 7,900 - 8,100 per sq ft, while land prices now average between Rs 6,900 - 7,100 per sq ft, reflecting a 170% increase in apartment prices and a 450% growth in land prices over the past five years.

Additionally, builder floor prices have shown significant growth, with a 35.6% rise in the past year and a 43.5% increase over the last three years. Sunil Sisodiya, Founder of GeetanjaliHomestate, attributed the remarkable price surge along the Yamuna Expressway to factors such as its strategic location, the development of Jewar Airport, and other infrastructural improvements, which have enhanced the area's connectivity and appeal. Sisodiya noted that the rising demand for residential and commercial spaces, driven by an increasing preference for suburban living, has played a major role in driving property prices to new heights, making the Yamuna Expressway a rapidly emerging real estate hotspot. The report further emphasised that the preference for spacious living, fuelled by remote work culture and the desire for a better quality of life, has been crucial in boosting demand for properties in the area.

Apartment prices along the Yamuna Expressway in the Delhi-NCR region have surged by 170%, while land prices have increased by an astonishing 450%, according to a report by property consulting firm GeetanjaliHomestate. In 2020, despite the onset of the COVID-19 pandemic, there was a slight appreciation in prices, with apartments averaging between Rs 3,200 - 3,300 per sq ft, and land prices remained stable at Rs 1,250 - 1,300 per sq ft. The real estate market in the area began gaining momentum in 2021, with the return to normalcy and increased interest in suburban properties. Apartment prices rose to Rs 3,400 - 3,600 per sq ft, while land prices saw a notable increase to Rs 2,000 - 2,200 per sq ft. By 2022, improved infrastructure and the growing appeal of the Yamuna Expressway as a prime location drove further increases, with apartment prices reaching Rs 3,600 - 3,800 per sq ft and land prices nearly doubling to Rs 3,400 - 3,600 per sq ft. By 2023, apartment prices had jumped to Rs 4,900 - 5,100 per sq ft, and land prices soared to Rs 5,900 - 6,100 per sq ft. This rise was largely attributed to key developments such as the upcoming Jewar Airport, the expansion of the Noida International Airport, and enhanced connectivity through the Delhi-Mumbai Industrial Corridor (DMIC). As of 2024, the report highlighted that apartment prices had reached an average of Rs 7,900 - 8,100 per sq ft, while land prices now average between Rs 6,900 - 7,100 per sq ft, reflecting a 170% increase in apartment prices and a 450% growth in land prices over the past five years. Additionally, builder floor prices have shown significant growth, with a 35.6% rise in the past year and a 43.5% increase over the last three years. Sunil Sisodiya, Founder of GeetanjaliHomestate, attributed the remarkable price surge along the Yamuna Expressway to factors such as its strategic location, the development of Jewar Airport, and other infrastructural improvements, which have enhanced the area's connectivity and appeal. Sisodiya noted that the rising demand for residential and commercial spaces, driven by an increasing preference for suburban living, has played a major role in driving property prices to new heights, making the Yamuna Expressway a rapidly emerging real estate hotspot. The report further emphasised that the preference for spacious living, fuelled by remote work culture and the desire for a better quality of life, has been crucial in boosting demand for properties in the area.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code