Square Yards, the largest real estate transaction player, led by Tanuj Shori, the Founder & CEO, over the last 12 months has facilitated a staggering investment sum of Rs. 550 crores in properties across the Yamuna Expressway. 40% of this amount comprises of the Non-Resident India (NRI) contribution and foreign investor segments.
As per the recent industrial report, the inflow of foreign capital in the industry has registered a 31% growth in FY17-18 to USD 2.6 Bn, whereas, in the current fiscal, Q2 of the year 2018 alone has registered an inflow of USD 1.08 Bn.
If this isn’t a sign of revival in the Indian real estate market, then what is?
Of the total investment, 95% of the NRI contribution has come from the GCC regions including U.A.E, Saudi Arabia, Oman, Kuwait and Qatar, while the rest has come from Australia, UK, USA and Canada. Due to low to moderate levels of floating prices, the investors have been keen to get their hands on fair chunks of properties within the ticket size of Rs. 50 Lakhs in the Yamuna Expressway market.
The Company’s Say
According to Anupam Rastogi, Principal Partner & Head-NRI Vertical, Square Yards, the return of the mojo in the market is due to the enhanced regulatory environment and increased transparency. Speaking about the Yamuna Expressway, for a long time now, the belt has been under the spotlight because of the upcoming developments in the region like the International airport in Jewar or the extension of the Metro train services in Greater Noida.
Kapil Malhotra, Principal Partner & Head-North & East India, Square Yards, comments, “Another major factor motivating the buyers is the availability of fluid payment plans. The Yamuna Expressway belt comprises of premium projects including multifarious types of properties including, villas, plots, apartments, etc.”
Yamuna Expressway- The Cutting Edge
To add to the innumerable benefits, Yamuna Expressway has been significantly recognized for its class apart social infrastructure and the seamless connectivity it offers with Noida and Delhi. Talking about the property prices, the zonal prices are pretty much in the modest range of Rs. 2,750 to Rs. 4,000 per sq. ft., which is way lesser than the price range of Noida and Gurugram. Hence, for most people working anywhere in Delhi-NCR, Greater Noida is rapidly becoming a popular choice.
Recently, one of the largest international mobile handset manufacturing brand- Samsung, inaugurated its biggest mobile manufacturing unit in the Noida-Greater Noida belt. This zone already incorporates sprawling campuses of popular brands like HCL, Infosys, Max Life, etc. Therefore, it is evident that besides the residential investments, the area is attracting a flurry from the commercial real estate as well.
