Property prices in the National Capital Region (NCR) have soared to unprecedented levels, and the trend shows no signs of slowing down. This is particularly evident along the Yamuna Expressway in Noida, where both land and flat prices have witnessed an extraordinary increase, making property acquisition increasingly out of reach for many.

Price Surge Post-Corona

Dramatic Increase in Property Rates

Since the COVID-19 pandemic, there has been a significant surge in property prices along the Yamuna Expressway. According to a report by property consultancy firm ‘Geetanjali Homestate,’ the cost of flats in projects along the expressway has increased by 170%, while land prices have skyrocketed by 470%.

Historical Price Trends

In 2020, when the real estate market was sluggish, property prices around Yamuna Expressway did not decline but instead saw an upward trend. At that time, apartment prices ranged between ₹3,200-₹3,300 per square foot, and land prices ranged from ₹1,250-₹1,300 per square foot.

Post-2021 Developments

Price Escalation

After 2021, apartment prices along the Yamuna Expressway rose to ₹3,400-₹3,600 per square foot. Land prices also experienced a substantial increase, reaching ₹2,000-₹2,200 per square foot. This upward trend continued into 2022, with apartment prices climbing to ₹3,600-₹3,800 per square foot, and land prices nearly doubling to ₹3,400-₹3,600 per square foot.

Market Dynamics

The year 2023 saw the real estate market reach new heights. Average apartment prices surged to ₹4,900-₹5,100 per square foot, while land prices touched ₹5,900-₹6,100 per square foot. This growth can be attributed to the construction of the Jewar Airport and enhanced connectivity with the Delhi-Mumbai Industrial Corridor (DMIC).

2024 and Beyond

Record-Breaking Rates

In 2024, projects along the Yamuna Expressway have pushed property rates to new extremes. Average apartment prices have soared to ₹7,900-₹8,100 per square foot, and land prices have reached ₹6,900-₹7,100 per square foot. Over the past five years, apartment prices have surged by 170%, while land prices have increased by 450%, surprising many in the real estate sector.

Investment Appeal

The impending completion of the Jewar Airport and ongoing government projects have made the area a hotspot for investors. The consistent rise in property rates reflects a strong investor preference for this region, with daily records being set in property values.

The Yamuna Expressway has become a prime location for real estate investment, driven by rapid development and strategic projects. As prices continue to rise, the area remains highly attractive to investors seeking significant returns.