The allure of the Yamuna Expressway is attracting the world from Industry to Film makers and residential buyers. It’s a region that’s witnessing remarkable growth and development. Here are some of the marquee projects that are transforming this area into a hotspot for investment and progress.
Price Appreciation
According to PropEquity data, the weighted average price of new launch projects in Noida have surged by around 152 percent to Rs 14,946 per square feet (psf) in 2024 (till September 2024) from Rs 5,910 psf in 2019 in pre-Covid times.
1. Asia’s Largest Airport: The Jewar Airport, Asia’s largest, is set to be a major transit hub with an integrated Railway Station connecting Eastern and Western lines. This dual infrastructure is expected to drive significant increases in passenger and cargo traffic, spurring property appreciation and presenting compelling investment prospects. Arun Vir Singh, CEO of Yamuna Expressway Industrial Development Authority (Yeida), affirmed that Yeida will provide the necessary land for the railway project, ensuring seamless connectivity for passengers traveling to and from Noida airport.
Noida International Airport is expected to start commercial operations in April 2025.
In the second stage, flights of Akasa, Indigo and most probably Air India will take off and land daily till December 15, said Arun Veer Singh, Chief Executive Officer, Noida International Airport Limited,.
2. Largest Aircraft Maintenance Repairs & Overhaul Centre: In a sprawling 1365 hectares, this center will cater to the needs of the aviation industry, ensuring the smooth operation of aircraft.
3. Vande Mataram Coaches Manufacturing Plant: This project is not only a point of pride but also a significant contributor to the area’s industrial landscape.
4. Semiconductor Plant: Rs 32000 cr investment on Semiconductor plant
5. Apple, TCS and Microsoft Presence: Tech giants like Apple, TCS and Microsoft are making their presence felt, opening up opportunities for technology enthusiasts and professionals.
6. Industrial Clusters: The area is witnessing the establishment of various industrial clusters, including a toy park, medical devices manufacturing park, data centre park, EV manufacturing hubs, apparel park, and handicraft park. These clusters are set to create a diverse range of employment opportunities and economic growth.
7. Aerocity: A 24-acre Aerocity is in the works, promising a bustling commercial and entertainment hub.
8.Factories already in Production: ViVo/ Avery Dennison/ Surya Global/ Sanchi & Bikaner Foods are already in production.
9.American City Project
Officials estimate that American City will attract a significant investment of USD 32 billion in the Yamuna region over the next six years. The campus will promote a well-rounded approach to education by including art, sports, and advanced technology facilities. Various art forms, such as clay sculpture, dance, drama, and theater, will be available alongside traditional educational institutions like universities and schools.
In addition to these developments, Minda Corporation Private Limited, a Fortune 500 company specializing in vehicle parts, will establish a manufacturing unit within the area. This facility will occupy 22 acres in Sector 24, an area allocated by the Yamuna Authority. Minda Corporation is expected to invest Rs 644 crore, generating employment for approximately 2,200 people. Dr. Arunvir Singh, CEO of Yamuna Authority, confirmed that Minda has expressed strong interest in this investment and will be provided with 88,638 square meters (around 22 acres) of industrial land.
10.Plans for Olympic Park, Korean City and Japanese City
Additionally, the master plan includes the development of an Olympic Park in sectors 22F and 23B, which will house Olympic-level sports infrastructure. Two new sectors — Sector 4A (365 hectares) and Sector 5A (395 hectares) — will be designated for multiple land-use industries. Proposals for developing a Korean City in Sector 4A and a Japanese City in Sector 5A are also part of the long-term plan.
11.Von Wellx Germany Group laid the Foundation stone of its New Footwear Plant Phase 2 at Jewar, Noida. The plant is being set up as part of the 300 crores investment on 10000 sqm with a covered area of 1,30,000 sqft in Sector 29, YEIDA, Jewar.
Yamuna Expressway isn’t just an industrial and commercial hub; it’s evolving into an educational center comparable to Kota. Leading institutions like Narsi Munjee, JBM University, and Galgotias University have secured land parcels, providing abundant educational opportunities alongside career prospects for you and your family.
Land Value Appreciation:
So far: Housing prices in the Noida extension saw a yearly surge of 61% in the fourth quarter
Housing prices in the Noida extension saw a yearly surge of 61% in the fourth quarter, followed by Golf Course Road amidst improving infrastructure. “Owing to significantly higher new launches in luxury and ultra-luxury segment, Noida region accounted for 57% of the under-construction unsold units,”
Just as Vasant Kunj surpasses areas like Munirka and Safdarjung Enclave, and Bandra-Kurla Complex outpaces Nariman Point by over 75%, real estate prices along Yamuna Expressway are expected to rise significantly. Citing a Knight Frank report enclosed herewith, property prices near the Andheri East Metro have surged by 185%, indicating the potential for substantial appreciation. Sectors 18 and 20 of Yamuna Expressway, with their proximity to upcoming Metro, RRTS, and Railway stations, are poised for consistent appreciation.
Get in Touch:
If Yamuna has piqued your interest, we encourage you to reach out to us to take it forward.
Welcome to an extraordinary opportunity, an invitation to own 120/300/500/2000/4000 meters plot in Sector-18 & Sector-20 of Yamuna Expressway. In this communication, we will present to you the various aspects and attractions of this remarkable project, delving deep into what makes Plots @ Yamuna Expressway an exceptional choice for you.
Location:
Sector-18 & Sector 20 of Yamuna Expressway are residential sector’s closest to upcoming Jewar Airport & 1000 acres of Film-City, which is being Constructed.
An Entertainment Hub:
The enchanting features of this project is the upcoming Film-city in adjoining Sector-21, having accommodation facilities for Crew/ Golf Course/ Entertainment Zones/ Commercial & Shopping Zones/ Editing Studios & Shooting Facilities.
Proximity to Upcoming Jewar Airport:
With the upcoming Jewar Airport in close proximity. This airport promises to be a game-changer for the entire Delhi NCR region, opening up new avenues for travel and business.
YAMUNA EXPRESSWAY AUTHORITY MASTER PLAN
Sector-18 & Sector 20 Master Plan
Marquee Projects at Yamuna Expressway:
The allure of the Yamuna Expressway extends beyond Sports City. It’s a region that’s witnessing remarkable growth and development. Here are some of the marquee projects that are transforming this area into a hotspot for investment and progress:
1. Asia’s Largest Airport: The Jewar Airport is poised to become a distinctive transit hub with a Railway Station connecting Western and Eastern lines, promising a substantial surge in both Passenger and Cargo traffic. Additionally, the strategic combination of Asia’s largest airport and a Railway Station linking the Eastern and Western parts of the country is expected to catalyse property appreciation, making it an enticing investment opportunity.”
“The railway link will provide seamless connection to passengers arriving at and leaving from Noida airport as the railway station will be right inside the airport complex. The passengers will be able to travel on the Eastern and Western lines smoothly once the rail link becomes functional,” said Arun Vir Singh, chief executive officer, Yamuna Expressway Industrial Development Authority (Yeida), adding that Yeida will facilitate the required land for this project.
2. Largest Aircraft Maintenance Repairs & Overhaul Centre: In a sprawling 1365 hectares, this center will cater to the needs of the aviation industry, ensuring the smooth operation of aircraft.
3. Vande Mataram Coaches Manufacturing Plant: This project is not only a point of pride but also a significant contributor to the area’s industrial landscape.
4. Hong Kong Semiconductor Plant: High-tech industries are setting up shop in the region, promising innovation and economic growth.
5. Apple, TCS and Microsoft Presence: Tech giants like Apple, TCS and Microsoft are making their presence felt, opening up opportunities for technology enthusiasts and professionals.
6. Industrial Clusters: The area is witnessing the establishment of various industrial clusters, including a toy park, medical devices manufacturing park, data centre park, EV manufacturing hubs, apparel park, and handicraft park. These clusters are set to create a diverse range of employment opportunities and economic growth.
7. Aerocity: A 24-acre Aerocity is in the works, promising a bustling commercial and entertainment hub.
Education Hub:
The Yamuna Expressway is not just an industrial and commercial hub; it’s also becoming an educational hub. It’s on the path to rival educational centers like Kota, known for its coaching institutes. Land parcels have already been allocated to prominent educational institutions such as Narsi Munjee, JBM University, and Galgotias University. This means that not only will you have access to career opportunities but also educational avenues for you and your family.
Land Value Appreciation:
It’s essential to consider the long-term benefits of your investment. The upcoming Jewar airport has had a significant impact on the land rates in the Yamuna Expressway region. In just three years, land rates have surged by 38%, the highest in India. This increase is a testament to the region’s potential for growth and appreciation.
Get in Touch:
If you wish to be part of this growth & see your investment skyrocketing on purchase of Yamuna Authority Plots, feel free to contact us.
============ Forwarded Message ============ From : sundersingh@dfcc.co.in To : contact@pcb.net.in Date : Thu, 24 Aug 2023 10:10:50 +0530 Subject : Opportunity to live in Award Winning Government/ PSU Society on Yamuna expressway Over Looking Formula-1 Track, in 2600 acres sports City, near Upcoming Jewar Airport, Delhi NCR. Villa’s/ Flats @ Best Price. ============ Forwarded Message ============
Explore the opportunity to reside alongside your colleagues at a unique residential society that offers stunning views of a sprawling 1200-acre green landscape near Jewar Airport in Delhi NCR. This exclusive location also provides a vantage point overlooking India’s only Formula 1 stadium.
Dear Friends,
This is an offer for Ready to Move-in 3BHK and booking for 2BHK Villas in Sports City at Yamuna Expressway.
Please note that we are offering best locations Villa’s in Sports City @ cheapest prices.
Please note that we are one of very few Projects, which have 100% paid up land. The land is not mortgaged to any financial institution also, LICHFL project finance has been repaid. Please see No Due Certificate:
International Achiever’s Award (In Real Estate Category) by Zee
Awards
Check Society’s Members & Esteem Guests Views on the project, please check the following link:
Views from Society
F1 track event shot from top floor
We invite you to explore an opportunity to get a home in the sprawling 2600 acre Sports city, the Budh International Circuit Yamuna E-Way. Note that no other location offers 1000 acres of green area.
YAUMNA EXPRESSWAY USP’s:
Yamuna Expressway is the Top investment district at the UP Global Summit with investments. Investors are flocking to Yamuna Authority in view of the upcoming Jewar Airport. Along with this, Greater Noida Authority and Noida Authority have also attracted several investors.
The Uttar Pradesh government has received an investment proposal of Rs 32,92,000 crore from the Global Investors Summit (GIS), which will provide employment to 92 lakh people. Proposals worth Rs 7,85,937 crore came from Gautam Buddha Nagar during the Investors Summit.
With the construction work in industrial areas set to commence shortly, it is expected that once these companies become operational, approximately 2.5 lakh people will find employment opportunities within the next six months. see detailed report.
The state’s first Medical Device Park has been inaugurated near the Yamuna Expressway. Similarly, Film City, toy park, apparel park, Handicraft Park, Logistics Hub are being developed in the Yamuna Expressway area.
F1 track to host Moto G event this year, the capex has been finalized at Rs 472 cr. The revival of Indias only car sports facility will pave the the way for lot more activity and investments.
YEIDA promoted Yamuna City to be 2 times of Delhi and 15 times of Noida. 55 villages of Bulundshahar and Khurja district have been added for expansion. Noida International Airport to be focal point of development of Aerotropolis.
NOIDA INTERNATIONAL AIRPORT work on track for trials in March 24
Work on NIAL is on track and trial flights are expected in March 2024, while regular commercial and cargo flights may take off by the end of July 2024, says Arun Vir Singh, CEO of NIAL. Singh said the first flight is expected to take off from October 1, 2024.
As the Jewar Airport will need CISF security and as now the handover will be 9 months is advance, CISF camp has been allotted 50 acres to set up camp of 1000 personal who will be responsible for Noida International Airport security.
CRPF training center also allotted 100 acres.
Both are in sector 22 of YEIDA, this is in addition to ATS center that was allotted land in 2021.
Noida International Airport is currently under construction and will boast many upscale amenities. The cutting-edge facility will have various forms of transportation available, including a metro line, shopping complex and luxury hotel.
Rs 5.86 laks Crores Investment to create 18.76 lakh Jobs🥳🌈👍
Gautam Buddh Nagar, which includes industrial cities of Noida and Greater Noida, has received investment proposals worth Rs 5.86 lakh crore since the announcement of Uttar Pradesh Global Investors Summit in November 2022, according to district officials. “So far in Gautam Buddh Nagar, investment intents worth Rs 5.86 lakh crore have been received from 871 investors. These investments will create 18.46 lakh jobs. Of these 871 investors, 792 investors have signed MoUs (memorandum of understanding) worth Rs 3.78 lakh crore. These investment intents have come since November 21, 2022, Kumar told PTI.
Noida shifts from affordable Real Estate Market to High End. Members to gain immensely.
The market is abuzz with news that L&T may launch a luxury offering in Sector 128, so might M3M in Sector 94 and County Group in Sector 115 and Max Estates. Most of these are expected to be priced between Rs 10,000 per sq ft and Rs 20,000 per sq ft. The entry of branded developers is expected to change the landscape of the city, which has all along been an affordable market, say real estate experts.
Boom Time forReal Estate Investment prices are skyrocketing many times.
The Central government and the Uttar Pradesh government have completely turned their focus on making the Noida-Greater Noida region an economic powerhouse in the north. They have been investing heavily. Apart from the Noida International Airport and Fintech City, they are also planning to make what they called New Noida. New Noida will be on either side of the Eastern Peripheral Expressway.
In New Noida’s Anandpur village, the land rate was Rs 12 lakh per bigha but it is now being sold at Rs 30 lakh per bigha. In Khandeda village, the land rates have increased from Rs 12 lakh to Rs 22 lakh, reported Tricity.
Yamuna Expressway give Competition to Kotain Education Narsee Monjee is most likely to start enrolling students from 2024, the year the Jewar airport is likely to be launched.
YEIDA CEO Arun Vir Singh said, “We have been working on a plan to create an education hub in the region on the lines of Kota. The idea is to bring all training institutes and coaching centers in one place. Land parcels have already been allotted to several prominent educational institutions like Narsi Munjee, JBM University and Galgotias University in the Yamuna Expressway area. https://m.timesofindia.com/city/noida/noida-off-yamuna-expressway-land-for-kota-like-coaching-hub/amp_articleshow/95543324.cms
Global tender likely for Film City along Yamuna Expressway The project is planned over 1,000-acres of land in Sector 2 along the Yamuna Expressway, close to the Jewar airport site.
Top International Studios line up
Arun Vir Singh, CEO, YEIDA, said that global companies like Sony have shown interest in the project, which is being helmed by the Authority.
The film city will come up in Sector 29, along the Yamuna Expressway. A pet project of Chief Minister Yogi Adityanath, it is planned on an area of 1,000 acres and will be 6 km from the upcoming international airport in Jewar and 12 km from the Eastern Peripheral Expressway.
“We have floated a global tender for the film city. It is coming up in Sector 21 and we have received many queries from big guns like Sony, Fox, Universal,” Singh told Moneycontrol in an interview.
Affordable housing has gone for a toss in the satellite cities located in the National Capital Region (NCR), including Noida, Ghaziabad, and even Greater Noida.
The 2 BHK Prime BHS flats is situated in Sector 22D along the renowned Yamuna Expressway. The carpet area is 696.64 sq feet. The approximate price of this flats cost around ₹42.34 lakh. The structure of the building is slit parking with 16 floors RCC framed.
Price Advantage of about Rs 10lacs, through Society:
Please note that Phase-1 of our project is at finishing stage, with lift being stalled in this month & offer letter of possession is being proposed to issued shortly. Please further note that members prices for 3BHK + 1Servant + 4Toilets of having three Sizes of 1850 Sqft/1935 Sqft /2080 Sqft. Through Society membership members save about Rs10 lacs on a investment of about Rs 60-90 Lakhs.
1-2 BHK limited inventory available, Ready to move 3 BHK few flats left.
Please note that today people are coming in droves to Yamuna for investments as reported in following press report:
In last 4 Years demand of Land Skyrocketed to create a record @ Yamuna Expressway-Courtesy Jewar Airport
Please further note that the sale of 3BHK housing units has increased by 19% on a year-on-year basis, according to data accessed by PropEquity, a real estate data analytics firm. As many as 30,169 3BHK units were sold in the first quarter of 2021 while 25,307 units were sold in the first half of 2020, it said.
F1 track from 18th floorNotice the green expanse surrounding the project with stadium.T4 9th floor slab casting from S2 T1 Tower view from S2 TopCricket Stadium (upcoming) from the 18th floor Park and Eastern Peripherial E-Way viewLayout of Landscape within the project, notice the open greens
We invite you to explore an opportunity to get a home in the sprawling 2600 acre Sports city, the Budh International Circuit Yamuna E-Way. Note that no other location offers 1000 acres of green area.
YAUMNA EXPRESSWAY USP’s:
Yamuna Expressway is the Top investment district at the UP Global Summit with investments. Investors are flocking to Yamuna Authority in view of the upcoming Jewar Airport. Along with this, Greater Noida Authority and Noida Authority have also attracted several investors.
The Uttar Pradesh government has received an investment proposal of Rs 32,92,000 crore from the Global Investors Summit (GIS), which will provide employment to 92 lakh people. Proposals worth Rs 7,85,937 crore came from Gautam Buddha Nagar during the Investors Summit.
The state’s first Medical Device Park has been inaugurated near the Yamuna Expressway. Similarly, Film City, toy park, apparel park, Handicraft Park, Logistics Hub are being developed in the Yamuna Expressway area.
F1 track to host Moto G event this year, the capex has been finalized at Rs 472 cr. The revival of Indias only car sports facility will pave the the way for lot more activity and investments.
YEIDA promoted Yamuna City to be 2 times of Delhi and 15 times of Noida. 55 villages of Bulundshahar and Khurja district have been added for expansion. Noida International Airport to be focal point of development of Aerotropolis.
NOIDA INTERNATIONAL AIRPORT work on track for trials in March 24
Work on NIAL is on track and trial flights are expected in March 2024, while regular commercial and cargo flights may take off by the end of July 2024, says Arun Vir Singh, CEO of NIAL. Singh said the first flight is expected to take off from October 1, 2024.
As the Jewar Airport will need CISF security and as now the handover will be 9 months is advance, CISF camp has been allotted 50 acres to set up camp of 1000 personal who will be responsible for Noida International Airport security.
CRPF training center also allotted 100 acres.
Both are in sector 22 of YEIDA, this is in addition to ATS center that was allotted land in 2021.
Noida International Airport is currently under construction and will boast many upscale amenities. The cutting-edge facility will have various forms of transportation available, including a metro line, shopping complex and luxury hotel.
Rs 5.86 laks Crores Investment to create 18.76 lakh Jobs🥳🌈👍
Gautam Buddh Nagar, which includes industrial cities of Noida and Greater Noida, has received investment proposals worth Rs 5.86 lakh crore since the announcement of Uttar Pradesh Global Investors Summit in November 2022, according to district officials. “So far in Gautam Buddh Nagar, investment intents worth Rs 5.86 lakh crore have been received from 871 investors. These investments will create 18.46 lakh jobs. Of these 871 investors, 792 investors have signed MoUs (memorandum of understanding) worth Rs 3.78 lakh crore. These investment intents have come since November 21, 2022, Kumar told PTI.
Noida shifts from affordable Real Estate Market to High End. Members to gain immensely.
The market is abuzz with news that L&T may launch a luxury offering in Sector 128, so might M3M in Sector 94 and County Group in Sector 115 and Max Estates. Most of these are expected to be priced between Rs 10,000 per sq ft and Rs 20,000 per sq ft. The entry of branded developers is expected to change the landscape of the city, which has all along been an affordable market, say real estate experts.
Yamuna Authority in May 2023 is auctioning 3 Group Housing Society Plots, near our Project. As the payment of plots is in 180days, branded builders will only Bid. This will push the real estate prices in our area & members investment will increase many times
New Noida will be just behind our Project.
Boom Time forReal Estate Investment prices are skyrocketing many times
The Central government and the Uttar Pradesh government have completely turned their focus on making the Noida-Greater Noida region an economic powerhouse in the north. They have been investing heavily. Apart from the Noida International Airport and Fintech City, they are also planning to make what they called New Noida. New Noida will be on either side of the Eastern Peripheral Expressway.
In New Noida’s Anandpur village, the land rate was Rs 12 lakh per bigha but it is now being sold at Rs 30 lakh per bigha. In Khandeda village, the land rates have increased from Rs 12 lakh to Rs 22 lakh, reported Tricity.
Yamuna Expressway give Competition to Kotain Education Narsee Monjee is most likely to start enrolling students from 2024, the year the Jewar airport is likely to be launched.
YEIDA CEO Arun Vir Singh said, “We have been working on a plan to create an education hub in the region on the lines of Kota. The idea is to bring all training institutes and coaching centers in one place. Land parcels have already been allotted to several prominent educational institutions like Narsi Munjee, JBM University and Galgotias University in the Yamuna Expressway area. https://m.timesofindia.com/city/noida/noida-off-yamuna-expressway-land-for-kota-like-coaching-hub/amp_articleshow/95543324.cms
Global tender likely for Film City along Yamuna Expressway The project is planned over 1,000-acres of land in Sector 2 along the Yamuna Expressway, close to the Jewar airport site.
Top International Studios line up
Arun Vir Singh, CEO, YEIDA, said that global companies like Sony have shown interest in the project, which is being helmed by the Authority.
The film city will come up in Sector 29, along the Yamuna Expressway. A pet project of Chief Minister Yogi Adityanath, it is planned on an area of 1,000 acres and will be 6 km from the upcoming international airport in Jewar and 12 km from the Eastern Peripheral Expressway.
“We have floated a global tender for the film city. It is coming up in Sector 21 and we have received many queries from big guns like Sony, Fox, Universal,” Singh told Moneycontrol in an interview.
Affordable housing has gone for a toss in the satellite cities located in the National Capital Region (NCR), including Noida, Ghaziabad, and even Greater Noida.
Price Advantage of about Rs 10lacs, through Society:
Please note that Phase-1 of our project is at finishing stage, with lift being stalled in this month & offer letter of possession is being proposed to issued shortly. Please further note that members prices for 3BHK + 1Servant + 4Toilets of having three Sizes of 1850 Sqft/1935 Sqft /2080 Sqft. Through Society membership members save about Rs10 lacs on a investment of about Rs 60-82 Lakhs.
1-2 BHK limited inventory available
Please note that today people are coming in droves to Yamuna for investments as reported in following press report:
In last 4 Years demand of Land Skyrocketed to create a record @ Yamuna Expressway-Courtesy Jewar Airport
Please further note that the sale of 3BHK housing units has increased by 19% on a year-on-year basis, according to data accessed by PropEquity, a real estate data analytics firm. As many as 30,169 3BHK units were sold in the first quarter of 2021 while 25,307 units were sold in the first half of 2020, it said.
Delhi-NCR emerges as second favourite home destination spot for NRIs: The findings of the recent CII-Anarock Consumer Sentiment Survey focusing on NRI sentiments towards real estate investments have yet again established their penchant for luxury homes.
While they differed in their views on choices of different investment locations, 63% of NRIs have voiced their interest in investing in property priced between Rs 90 lakh – Rs 1.5 crore. Hyderabad, NCR, and Bengaluru emerged as the first, second, and third destinations ranked by NRIs in the survey, which recorded the responses of 5,500 respondents. Of the participants, 22% of NRIs chose Hyderabad, 20% locked NCR, and 18% preferred Bengaluru.
Sharing his take on why NCR emerged as the second favourable destination by NRIs in the Anarock Survey, Amarjit Bakshi, CMD, Central Park, said, “The return of NCR as the second most favourable destination of NRI investment in real estate with more than 3/4th NRIs seeking bigger homes show how much homeownership sentiments with quality lifestyle have strengthened over the years in the region, especially Gurugram.”
“The depreciation of rupee has played out positively for NRI investors as most seek to diversify their wealth into the more favourable real estate sector as against stocks, FDs and gold. Apart from UHNIs & HNIs, who have an evident penchant for bigger homes with high-end amenities, world-class hospitality and close-to-nature living, NRIs too will be significant buyers of luxury properties in Gurugram as this global city has always been the foremost choice for investors as return on investment here is high,” he added.
Depreciating value of rupee heightens interest of NRIs
The survey attributed the heightened interest of NRIs to invest in their homelands to the depreciating value of the rupee and the consistently growing demand in residential realty, despite constant repo rate hikes. It was expected that demands in residential real estate would face a downturn owing to rising home loan interest rates.
Talking about the prominence of the NCR region, which had seen a mix of private equity investments and NRI home investments, Ashwani Kumar, Pyramid Infratech, said, “The CII-Anarock survey reflecting that 20% of the NRI respondents plan to buy homes in NCR came at a time when another report showed that private equity investments had seen a spectacular increase in the real estate sector. Overall, it demonstrates the lucrativeness of the region and NRIs wanting to buy residences with long-term investment as their focal point is another new dimension and gives a broad view of how NCR is becoming a global real estate hotspot garnering interest from diverse emigrant groups.”
“On the other side, the emphasis on bolstering international connectivity and spearheading high-end infrastructural projects has opened enormous space and opportunities in residential and commercial real estate development,” he further noted.
Work-from-anywhere concept – One of the major reasons NRIs wanting to shift their base to India
The work-from-anywhere concept, which is a pandemic-induced working structure, has contributed to NRIs wanting to shift their base to India. Most of them belong to the US, Canada, Gulf, Europe, and Asian countries as well.
Sharing similar views, Ashwinder R Singh, CEO residential Bhartiya Urban, said, “The NCR region has particularly aroused the interest of NRIs in the sphere of home investments. Two major cities of NCR, Noida and Greater Noida, have attracted significant NRI traction as both cities are being systematically planned and developed in a phased manner. The homes that fall in the price bracket of 1 Cr and downwards are up for sale in the property markets and prove to be a healthy, long-term investment for NRIs. A significant section of NRIs, which comprises of mid-income groups working in foreign countries like the UAE, are primarily investing in retirement homes as they plan to settle down in India at a later stage of their lives.”
The survey has also dug deeper into the psyche of NRIs, underlining factors of why they are choosing to invest in NCR and other cities. It has also corroborated and provided sufficient material to the mid-year research reports that NRIs will consist of a major portion who want to invest in ready-to-move-in luxury apartments, condominiums, and homes.
Upcoming Jewar airport pushes land rates up in Noida, Greater Noida
Amit Jain, Director, Mahagun Group, said, “Due to its smooth connectivity with National Capital, competent business growth opportunities, and infrastructural developments like the ongoing construction of Jewar Airport and the emergence of new hubs like New Noida and Sectors close to Noida-Greater Expressway gaining traction, there are multiple advantages which are attracting NRIs to invest in luxury homes in NCR. NRIs possess the income bandwidth to invest in luxury and ultra-luxury 4BHKs and 3BHKs, where they can plan a life post-retirement or choose to settle permanently with families as work-from-anywhere models get popular in the West and Arabian countries.”
