*Rising Land Prices in NCR*

The land prices in the National Capital Region (NCR) have skyrocketed, and there is no sign of them stabilizing. Every day, the rates are climbing higher, with some areas seeing an explosive rise in the cost of flats and plots. One such area is along the Yamuna Expressway in Noida, where purchasing land or a flat has become a distant dream for many. Post-pandemic, property prices along this stretch have surged by 170% for flats and a staggering 470% for land, as revealed in a report by GeetanjaliHomestate, a property consultancy firm.

*Yamuna Expressway: The New Real Estate Goldmine*

The land along the Yamuna Expressway has turned into a goldmine. Since 2021, the growing interest in suburban properties has boosted the value of this area. Even during the real estate slump in 2020 due to the COVID-19 pandemic, property prices along the Yamuna Expressway continued to rise, rather than fall. At that time, apartment prices ranged between ₹3,200-₹3,300 per square foot, while land prices hovered between ₹1,250-₹1,300 per square foot.

*The Boom After 2021*

After 2021, property prices saw an even steeper rise. Apartment prices increased to ₹3,400-₹3,600 per square foot, while land prices surged to ₹2,000-₹2,200 per square foot. This upward trend continued into 2022, with apartment prices reaching ₹3,600-₹3,800 per square foot and land prices nearly doubling to ₹3,400-₹3,600 per square foot.

*2023: Land Prices Reach New Heights*

In 2023, the real estate market in this region reached unprecedented levels. Apartment prices averaged between ₹4,900-₹5,100 per square foot, while land prices soared to ₹5,900-₹6,100 per square foot. The key drivers behind this growth were the construction of the Jewar Airport and improved connectivity through the Delhi-Mumbai Industrial Corridor (DMIC).

*2024: Breaking All Records*

By 2024, the property rates along the Yamuna Expressway broke all previous records. The average price for apartments now stands at ₹7,900-₹8,100 per square foot, while land prices have escalated to ₹6,900-₹7,100 per square foot. Over the past five years, apartment prices have risen by 170%, while land prices have seen an astonishing 450% increase, making this area a goldmine for investors.

*A Favorite Among Investors*

The increasing property rates along the Yamuna Expressway have made it a preferred destination for investors. Whether it’s the development of Jewar Airport or other government projects, all these factors have contributed to the rising prices in the area. As a result, the real estate market here continues to set new records, attracting more and more investors.