Finally, the 165km-long Yamuna Expressway connecting Greater Noida and Agra is likely to open for public use in a week’s time.
This will not only reduce travel time to the world-famous tourist destination that houses the “monument of love” but will also open up huge opportunities for developing residential townships and commercial projects along both sides of the expressway in the National Capital Region (NCR) of Delhi. An official of the Yamuna Expressway said that the state government and the authority will take proactive measures to expedite the growth process in the region.
Jaypee Greens, which built the Yamuna Expressway, will develop four townships on the land that the company has been given by the government to meet the expenses of constructing the expressway. The group also developed a world-class Formula One racing track close to Greater Noida, which successfully hosted the Indian Grand Prix last October.
Besides Jaypee, a number of developers have been allotted land to develop townships and other housing projects along the expressway. The official said that Supertech, SDS Infrastructure, Orris Infrastructure, Anushria Realtors, Anova Infracon, Silver Sands Estate, Aminiti Builders, Ajnara, Nimbus and Fab Distributors were among the prominent builders allotted land here.
Besides Supertech and SDS Infrastructure, whose building plans have been approved, the senior official said that Orris Infrastructure and Ajnara have also submitted their detailed building plans along with the requisite fees, which would be approved soon, in line with the proactive measures adopted by the government, the official said.
Orris has two township projects — Green Bay on 100 acres and Curio City on 200 acres. According to the proposal submitted by Orris, Green Bay will have a golf course around which the proposed residential projects will be developed. The official said Ajnara, too, would develop a residential project on 21 acres.
He said that as the land is already registered in the developers’ name, developers who have paid the fees and submitted their detailed building plans have been allowed to carry on the ground work, so that as soon as their building plan is approved, they can start the construction.
The official said that all the necessary arrangements to make the expressway operational have been made. He hoped that in the next one week, the expressway would be opened to the public.
The entire road is elevated and has been constructed with high-grade concrete at a cost of around Rs 10,000 crore. It has three lanes on each side with one lane dedicated to emergency services.
The drive on the expressway is so smooth and straight that one can easily drive at a speed of 150-160km per hour without much risk.
But the maximum speed limit for motorcars is 100km per hour and 60km per hour for heavy vehicle. Even at the permitted speed, the driving time between Greater Noida and Agra will be less than two hours.
With the road becoming operational, the demand for housing units in projects on the expressway will rise. Most of the projects that have been launched in the area are in the luxury segment with golf courses and other high-end facilities and amenities.
After the development of the Formula One track, and with a couple of universities and a number of premium projects coming up in the area, the entire region is likely to develop into a premium destination.
The region does not have any unplanned development. The best part is that the infrastructure in the region is being developed by a government body — the Yamuna Expressway Development Authority. This will help in developing world-class infrastructure in the region.
At present, developers are selling projects at very competitive rates. If one can remain invested for around five years, any investment in the region is likely to give handsome returns.