The Yamuna Expressway Industrial Development Authority (YEIDA) has seen a strong interest in its residential plot scheme near the new Noida International Airport. According to a report by Moneycontrol.com, 112,000 applications were received for just 451 plots, bringing in around Rs. 4,800 crore from registration fees alone.
The scheme started on October 31 and ended on November 30, offering plots in Sector 24A along the Yamuna Expressway. These plots are conveniently located near important infrastructure projects, such as the upcoming Noida International Airport, the planned Film City in Sector 21, and the Eastern Peripheral Expressway.
A lucky draw for plot allocation will take place on December 27. The plots come in five sizes: 120 sqm, 162 sqm, 200 sqm, 250 sqm, and 260 sqm, with a price of Rs. 25,900 per square meter. For instance, the smallest plot costs Rs. 31.08 lakh, while the largest one is priced at Rs. 67.34 lakh, not including extra charges and taxes.
The report shows that the 200 sqm plots received the most applications, totaling 48,266, while the 260 sqm plots received the fewest, with 1,333. The allocation will include:
- 100 plots of 120 sqm
- 169 plots of 162 sqm
- 172 plots of 200 sqm
- 6 plots of 250 sqm
- 4 plots of 260 sqm
Jewar, a small town along the Yamuna Expressway, is quickly becoming one of India’s fastest-growing real estate areas. A Colliers India report indicates that land prices have increased by 40% in the last five years, with a projected increase of 50% by 2030.
The growth in Jewar is driven by major infrastructure projects like the Noida International Airport, metro extensions, and themed city developments. The airport, covering 1,334 acres, is expected to be completed by 2025. Colliers India stated that the new airport is a key factor in the urban growth of Uttar Pradesh, thanks to its location along the newly built Yamuna Expressway, which connects cities like Delhi, Noida, and Agra.
Government efforts are also aiding Jewar’s growth, with projects from YEIDA, the International Film City, and metro line expansions. These initiatives have led to a significant rise in land values, increasing from Rs. 5,000 per square foot in 2020 to Rs. 7,000 per square foot in 2024, with predictions reaching Rs. 10,482 per square foot by 2030.
Jewar is part of eight emerging real estate areas in India, recognized by Colliers India for their growth due to large infrastructure projects. Other areas include Sonipat (NCR), Khopoli (MMR, Maharashtra), GIFT City (Gandhinagar, Gujarat), Sanand (Ahmedabad, Gujarat), Doddaballapur (Bengaluru, Karnataka), Oragadam (Chennai, Tamil Nadu), and Mucherla (Hyderabad, Telangana).
Jewar’s rapid development highlights how infrastructure and urban growth projects can positively influence real estate markets. Colliers emphasized that Jewar is becoming an attractive investment spot due to its strategic infrastructure, industrial growth, and strong government support.