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.
