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Thursday 10 January 2013

Upcoming Residential Property in Yamuna Expressway


With the Yamuna expressway unnerved open to public, investors and real estate players are set to gather benefits. The Expressway connects, noida, greater noida with Agra, one of the hottest tourist destinations. The expressway has also brought applaud to the area's developers and property prices in its neighbourhood have touched Rs.30,000 per square yard, its just because of the combination of infrastructure that measures up to global standards, the spin-offs of the Formula One track, the opening of educational institutions and the expected growth of industries around it.

Property in Yamuna Expressway, has the right to develop real estate along the Expressway over 6,175 acres. Of the total 530 million sq ft develop able area, 311 million sq ft is in the National Capital Territory alone. Anticipating the benefit to commercial and residential establishments in the region, the noida Authority had recently upped the circle rates. This had led to an increase in property prices by 25-40 per cent.

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