Categories: Commercial Market

Square Yards Facilitates Rs. 550 Crore Foreign Investment Across Yamuna Expressway Real Estate Projects

New Delhi, October 07, 2018: India’s largest real estate transaction player Square Yards has facilitated an investment of Rs. 550 crore in the real estate projects across Yamuna Expressway, over the past 12 months, with 40% of the contribution from the Non Resident Indian (NRI) and foreign investor segments. The trend is a sign of revival in real estate investing market, which has been going through slowdown for quite a while.

Commenting on the development, Anupam Rastogi, Principal Partner and Head – NRI Vertical, Square Yards, said, “The comeback of NRI and foreign investors in the India market is broadly due to enhanced regulatory environment and transparency. As far as Yamuna Expressway is concerned, the belt has been under the spotlight owing to the upcoming international airport in Jewar and extension of Metro rail services in Greater Noida.”

“Out of the total foreign investments, around 95% contribution came from the GCC countries such as UAE, Saudi Arabia, Kuwait, Oman and Qatar, and the rest from Australia, Canada, UK and USA. Yamuna Expressway belt is an upcoming market and property prices are floating at low to moderate levels currently. That is why, investors are keen to grab fairly-large properties in the ticket size of Rs. 50 lakh,” he added.

According to Kapil Malhotra, Principal Partner & Head – North & East India, Square Yards, “Another prime factor that goes in the favour of buyers is the availability of flexible payment plans. Subvention plans under which one can pay 20-40% amount upfront and the rest on possession are the most popular ones in the market. Furthermore the belt is awash with high-quality projects with all types of properties including villas, high-rise apartments, low-rise independent floors and plots.”

Furthermore, the Yamuna Expressway belt has already been recognized for its superior infrastructure, especially its seamless connectivity with Noida and New Delhi through roads and metro rail services which are scheduled to be launched in November this year. At the same time, the property prices in this zone are in the modest range of Rs. 2,750-4,000 per sqft, which is fairly less than the range of Rs. 4,000-7,000 per sqft in Noida and far less than Gurgaon. Therefore, a number of people working in Noida, New Delhi and Gurgaon are considering Greater Noida for living.

Of late, the Noida-Greater Noida belt has witnessed a flurry from commercial real estate perspective as well. Recently, Samsung inaugurated its largest mobile manufacturing unit in this zone and that is touted as the largest mobile handset manufacturing facility in the world. This zone is already housing sprawling campuses of HCL, Max Life and the likes while companies like Infosys have also announced their set-up at the location. The trend is likely to catch pace in the coming quarters as the Metro rail connectivity goes functional and airport construction progresses.

According to industry reports, the inflow of foreign capital into the real estate sector registered a 31 per cent growth on a year-on-year basis in FY2017-18 to USD 2.6 billion (INR18,000 crore approx). In the current fiscal, the quarter ending June 2018 alone registered an inflow of USD 1.08 billion i.e. INR 7,500 crore approx.

NewsVoir

Recent Posts

Line Investments & Property SP LLC Triumphs with 21Awards at MECS+R MENA 2024

Riyadh, November 07, 2024: Line Investments & Property SP LLC, a prominent subsidiary of LuLu…

3 hours ago

Intellion Offices by Tata Realty & Infrastructure Ltd Posts 60% YoY Growth in GCC Absorption

First half of FY 25 continued with strong GCC demand with 80% contribution in space…

3 hours ago

Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’

- Sustainability Leadership Shines in 'GRESB Real Estate Assessment' and 'GRESB x HERA Standing Investment…

21 hours ago

GCCA India joins hands with Xynteo’s Build Ahead coalition to decarbonise India’s construction sector

Mumbai, November 06, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced…

21 hours ago

Sohna emerges as new micro-market in Delhi-NCR; set to add 16000+ residential units in 3 years

New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the…

2 days ago

Neo Developers Pvt Ltd. Appoints Manpreet Kaur as President – Sales

New Delhi, November 04, 2024: Neo Developers, a leading real estate company has announced the…

3 days ago