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Indian Real Estate
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Indian Real Estate sector is on a warpath!
Refusing to give up on the pandemic crisis, many developers, realtors and even the authorities are coming up with schemes, innovations and developments across the nation to craft back the proud sector back up.
Yamuna Expressway Industrial Development Authority, or YEIDA's latest development project, YEIDA City is one such initiative.
But before that,
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What is Yamuna Expressway?
Yamuna Expressway (also called Taj Expressway) is a 165.5 Km, 6 lane wide access-controlled expressway that connects Greater Noida to Agra. These access points are strategically positioned to manage traffic flow and reduce disruptions. It usually includes advanced safety features like high-quality road markings, advanced lighting, and regular surveillance to ensure optimal safety for commuters.
Inaugurated by the CM of Uttar Pradesh, Shri Akhilesh Yadav, this great roadway was built to de-congest the older Delhi Agra or Mathura Road(NH-2).
Yamuna Expressway spreads and connects some of the major regions of Northern India, especially in Uttar Pradesh, mainly Noida, Taj International Airport Site, Jewar, Aligarh, Mathura and Agra.
What is YEIDA?
YEIDA or Yamuna Expressway Industrial Development Authority is the regulatory body that developed the Roadway, and the contract was offered to Jaypee Infratech Limited. It was assigned the task of planning, designing, and constructing this significant infrastructure project that connects Greater Noida to Agra, spanning various regions of Uttar Pradesh.
It is also the sole authority that oversees the infrastructural, industrial, residential, commercial endeavours that are based along the roadway. It formulates guidelines, norms, and regulations to ensure planned and sustainable growth in these areas.
Residential Development & Beginning of YEIDA City
Though everyone expected it to turn into an industrial hub, the region has also attracted the prime builders and developers of India as well as the home seekers of Noida, Greater Noida, Mathura, Aligarh etc. as well. This unexpected demand has altered the authority's focus from just industrial development to accommodating residential needs.
Thus sensing a tremendous opportunity to declutter the already high-density city areas and give a breath of fresh air to the realty sector, YEIDA authority started to bring up various residential projects. The assurance of an enhanced quality of life also drives the transformation. These projects consist mostly of affordable realty and housing units, which include ticket size apartments, residential flats and YEIDA plots. With ongoing and forthcoming residential developments, the area is positioned to become a well-connected, lively, and self-sufficient residential hub.
YEIDA Plots
YEIDA Plots are some of the fastest moving segments within the subvention scheme. These plots are mostly around the upcoming International Airport Layout near Jewar. And these plots are part of the grander vision to incorporate integrated Industrial Townships along with the road nexus. This integrated approach ensures that industrial establishments coexist harmoniously with residential areas, promoting economic advancement while maintaining a superior living standard for inhabitants.
What is YEIDA City or Yamuna City?
The upcoming YEIDA City is a 25,000-hectare urban wonder, will be the third in line along with Noida & Greater Noida of the Gautam Buddha District in Uttar Pradesh.
The planned city will integrate smarter infrastructure and will be part of a grander developed region under YEIDA which will also house Jewar International Airport, International Cricket Stadium, Buddh International Race Circuit ( F1 Track), Sports Hub and the proposed Film City, which is expected to be the largest in our nation.
The Greenfield City will have 4,569 hectares (19 percent) dedicated to the residential segment, 4,698 hectares constituting 26 percent for Industrial area and a whopping 5,148 hectares exclusively for green coverage!
This does not end simply with the urban spaces alone; YEIDA city will also develop the nearby 29 cities across the region into "smart villages", wherein they can develop to accommodate the latest elements of technology without losing out the cultural flavour.
And according to the latest reports, there will also be a heritage corridor by YEIDA along the Yamuna Expressway to act as a support for tourism and will connect Vrindavan, Agra and Mathura.
The upcoming YEIDA city will help in complementing Noida and Greater Noida, especially aiding the housing and residential woes of these cities and integrate grander retail zones that will create more social infrastructure for the denizens.
Also, the fact that it is near to some of the greatest landmarks, Industrial regions, townships and cities along a developed freight corridor and closeness to NCR makes it one of the biggest real estate investment choices for the next decade.
These developments will not only create a great buzz in the Real Estate and Construction industries of the nation but also help various other sectors out of the pandemic induced crisis.
Here's a breakdown of recent updates to keep you informed:
Focus on Infrastructure & Sustainability:
Sewage Treatment Plant Push
YEIDA City's development is fueled by a commendable emphasis on both infrastructure development and environmental responsibility. One recent initiative exemplifies this balanced approach: YEIDA has prioritized the completion of three Sewage Treatment Plants (STPs) before the end of 2025. This accelerated timeline is in line with the Noida International Airport's expected year-end launch. By ensuring proper waste management is in place prior to the arrival of air traffic and potential residents, YEIDA is taking a proactive approach to environmental sustainability.
The emphasis on sewage treatment reflects a commitment to long-term environmental health and responsible urban planning. A functioning STP network will effectively treat wastewater generated by the expanding city, preventing pollution of water resources and protecting public health. This initiative demonstrates YEIDA's belief that environmental well-being is essential for sustainable urban development. The ability to effectively manage waste will benefit both the immediate surroundings and the region's overall environmental health. YEIDA City's commitment to infrastructure development alongside critical utilities such as STPs paves the way for a thriving and sustainable metropolis.
Relief for Homebuyers
Recognizing the challenges that homebuyers in YEIDA City face, YEIDA made an appealing decision in December 2023. They offered waivers to developers such as SDS Infracon, focusing on stalled legacy housing projects. This decision prioritizes the well-being of residents who have experienced delays in acquiring their dream homes. YEIDA hopes that by providing developers with relief through these waivers, it can speed up project completion and finally deliver homes to their rightful owners. This proactive approach demonstrates YEIDA's dedication to resolving past issues and creating a smoother path to a thriving YEIDA City with fulfilled promises for its residents.
Boosting Growth & Development:
Increased Budget Allocation
YEIDA City is on track for a significant improvement, with a nearly doubled budget allocation for the fiscal year 2024-25. YEIDA's commitment to accelerating the city's development, particularly around the upcoming Noida International Airport, has resulted in a significant boost of ₹9,992 crore.
The increased budget represents a strategic shift to accommodate the projected increase in population and economic activity. By focusing on developing at least ten new sectors near the airport, YEIDA hopes to create a thriving hub that seamlessly integrates residential, commercial, and industrial areas. This targeted development strategy ensures efficient infrastructure, shortens commute times, and promotes a thriving urban ecosystem. The increased budget enables YEIDA to speed up construction, improve connectivity, and lay the groundwork for a thriving YEIDA City.
Land Allotment Rate Hike
To fund YEIDA City's rapid development and burgeoning infrastructure, YEIDA has implemented a 5.14% increase in land allotment rates. This strategic move is most likely intended to generate additional revenue. This financial boost will be critical in supporting the city's ambitious growth plans, such as the development of key sectors near the upcoming Noida International Airport.
So what are your thoughts on YEIDA City?
Do share your thoughts and insights with us in the comments section below.
Since we are talking about expressways, why not learn about others too? Explore our mysore to bangalore highway blog.
Also, have you checked on the status of Samruddhi Mahamarg? Explore Samruddhi Mahamarg Status blog to find out more about it.
Also read our blog to find out about mumbai pune expressway route map.
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Most Frequently Asked Questions?
What is Yamuna Expressway and its significance in Uttar Pradesh?
Yamuna Expressway is a 165.5 km, 6-lane access-controlled expressway that links Greater Noida to Agra. It strategically manages traffic flow, minimizes interruptions, and boosts safety with features like high-quality road markings, advanced lighting, and surveillance.
How has residential development shaped YEIDA's focus?
Initially an industrial hub, YEIDA has transitioned due to unexpected demand from prime builders, developers, and home seekers, emphasizing affordable housing and realty units. The authority aims to declutter congested high-density areas and improve the quality of life.
What are the plans or projects by YEIDA to support tourism and infrastructure development?
YEIDA plans to create a heritage corridor along the Yamuna Expressway, connecting Vrindavan, Agra, and Mathura to boost tourism. Additionally, it aims to enhance social infrastructure through retail zones and support sectors recovering from the pandemic crisis.
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Hidden Costs no one tells you about home buying
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Vastu for Gaumukhi & Shermukhi Plots
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The Ultimate Guide to Financial Planning for Home Purchase
Kerala Registration Department - E-Rekha Online Services
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Rules and Regulations for NRI Property Buying in India
Top 8 Plot Investment Destination in Bengaluru
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NRI tips to Buy Property in India
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Bangalore's Best Flats under 30 Lakhs
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Home in Bangalore - Real Estate Website
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Builder Floors: The Perfect Blend of Privacy and Space
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Return On Investment(ROI) In Real Estate
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Major Risks in Real Estate Investments
Benefits of Property Investment in Real Estate
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