Myriad Reasons Responsible For Growth In Property Around Yamuna Expressway
The six-lane Yamuna Expressway that connects Agra with Greater Noida is the longest controlled accessed arterial highway in India. This expressway was inaugurated in August 2012.Developers and real estate experts consider it as a magnet for investors.This thruway aimed at reducing distance between the national capital and Agra. Initially known as Taj Expressway, it touches different important cities. Of late, different developers have announced various residential and township projects in the vicinity of this expressway. A host of reasons is responsible for the surge in demand for properties in this area.
Connectivity with other cities
The expressway is adjacent to Greater Noida and Noida, two booming cities, and this lures investors to the property. It is expected that the expressway will also connect the proposed Delhi Mumbai Industrial Corridor leading to the boost in scope of the formation of social, economic zone and warehouse on either side.F1 tracks, sports city and safari park are few other factors that have initiated a new phase of development in this area.Better connectivity through improved transportation system is another reason for a boost in investment in both commercials and residential property.
Planned infrastructural development
Connectivity is a major concern for real estate investors. Daily commuters can now travel between Agra and Delhi in a short time that is why Real Estate Developers in India are interested in Yamuna Expressway. Fast-paced infrastructural development in this area and availability of facilities that are similar to that of the national capital has made this are a safe investment destination. Planned development in the adjoining areas has lured developers and potential buyers. Experts are of believe that this area has the potential of being an ultimate address for housing projects.
Assurance of a healthy environment
Few large housing projects have been initiated, and these play an important role in attracting homebuyers and investors and a financial bright future. Top Real Estate Companies in Delhi NCR, as well as multinational companies, has showed interest in this region for investment. Shortage in land availability in NCR has made this area an alternative for both commercial and residential properties. As per the master plan by the government, almost seventy percent of this area is reserved for greenery. Thus, within one decade this area will have different modern facilities that are required for a comfortable living.