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,
Yamuna Expressway (also called Taj Expressway) is a 165.5 Km, 6 lane wide access-controlled expressway that connects Greater Noida to Agra.
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.
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 is also the sole authority that oversees the infrastructural, industrial, residential, commercial endeavours that are based along the roadway.
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.
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. These projects consist mostly of affordable realty and housing units, which include ticket size apartments, residential flats and 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.
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.
So what are your thoughts on YEIDA City?
Do share your thoughts and insights with us in the comments section below.
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