Land rates in YEIDA area soar with Jewar airport coming up
AVIATION & AIRPORTS

Land rates in YEIDA area soar with Jewar airport coming up

The Yamuna Expressway Industrial Development Authority (YEIDA) area, where the Jewar airport is coming up near Noida in Uttar Pradesh, is currently the most in-demand area in India, and has registered 38 per cent rise in land rates in three years, the highest in the country.

A report released by real estate researchers Anarock showed that the average prices of plots on Yamuna Expressway, which stood at Rs 1,600 per square foot in 2019, have now risen to Rs 2,200 per sq ft.

“The sharp rise in prices in the YEIDA area is the result of the construction of the Jewar International Airport. This is the highest land price rise that a micro market has seen among the top seven cities,” Anarock vice chairman Santhosh Kumar said. The chief executive of YEIDA and Noida International Airport Ltd, Arun Vir Singh, said the prevailing market rates of land in YEIDA are much higher than the circle rates at which YEIDA is offering plots.

“Our current circle rate for YEIDA is Rs 18,510 per sq m. The market rates for these plots, we have learned, is around Rs 25,000 to Rs 30,000 per sq m,” Singh said.

See also:
Delhi-RERA calls for real estate projects to be registered
CMDA sets up cell to look into NOC delays


The Yamuna Expressway Industrial Development Authority (YEIDA) area, where the Jewar airport is coming up near Noida in Uttar Pradesh, is currently the most in-demand area in India, and has registered 38 per cent rise in land rates in three years, the highest in the country. A report released by real estate researchers Anarock showed that the average prices of plots on Yamuna Expressway, which stood at Rs 1,600 per square foot in 2019, have now risen to Rs 2,200 per sq ft. “The sharp rise in prices in the YEIDA area is the result of the construction of the Jewar International Airport. This is the highest land price rise that a micro market has seen among the top seven cities,” Anarock vice chairman Santhosh Kumar said. The chief executive of YEIDA and Noida International Airport Ltd, Arun Vir Singh, said the prevailing market rates of land in YEIDA are much higher than the circle rates at which YEIDA is offering plots. “Our current circle rate for YEIDA is Rs 18,510 per sq m. The market rates for these plots, we have learned, is around Rs 25,000 to Rs 30,000 per sq m,” Singh said.See also: Delhi-RERA calls for real estate projects to be registeredCMDA sets up cell to look into NOC delays

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000