With the present development along Yamuna Expressway, the demand for land is very high, consequently, the land price has appreciated significantly in the last few years. It is expected the price will continue to appreciate 15%-20% per annum. Hence, an investor can expect a 100 percent return in the next five years.
Recently, many people have invested in the plot on Yamuna Expressway, but some are now feeling left out as the price has already picked up and seems out of budget now. For them, agricultural land in the surrounding Yamuna Expressway is the best option to invest in.
There are multiple options for agricultural land at an affordable price and multiple reasons to invest in agricultural land on Yamuna Expressway.
Let’s find the advantages of investment in agricultural land along Yamuna Expressway:
Reasonably priced
The plots developed by the authority are available in the range of 25000 per square meter to 35000 per square meter while the plots developed by the private developer are falling in the range of 50,000 to 60000 per square yard. However, the agricultural land available in the vicinity of Jewar Airport, prices are in the range of 1500 to 1700 per square meter based on location.
Probability of the land Acquisition
For the further developments in the vicinity of the airport, there are the chances of acquisition of farmland, which will immediately hike the price of the agricultural land. In the first phase, the rate of acquisition was 2300-2500 per square meter.
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Now the price of land has already been escalated and villagers are demanding compensation of Rs. 4000/-per square meter. It is high time to invest in agricultural land to draw the benefits of high compensation at the time of acquisition.
Chances of getting a plot in the prime developed residential location
Sometimes authority provides plots to the farmers if their farmland is acquired. The plot is provided in a fully developed area. The cost of the plot is always higher than the farmland acquired.
Registered plot without any risk
Agricultural plots are available in the villages close to Jewar Airport such as Nagla Chetar, Nagla Ganeshi, Ranhera, Rohl, Dhansia, Pahrohi, Dastampur, Thora, Garhi, Ahmedpur, Charauil, Ranhera, Diaymat Pur Khera, etc. In these villages, the land is available in the prime location at a competitive price. No risk is involved in the investment of these land parcels because the land will be registered in the name of the purchaser.
To build Farm House
Once the Jewar Airport gets operational, many corporates will shift to Yamuna Expressway to benefit from better connectivity and lower cost. It will increase the demand for land in the surrounding areas of Yamuna Expressway and people would like to buy agricultural land to make their farmhouses. You can also make your farmhouse.
The district administration has already identified 1310 hectares of farmland for the acquisition including six villages Karaoli Bangar, Dayanatpur, Kuraib, Ranhera, Mundrah, and Veerampur. Gradually other farmland will be acquired.
In a recent visit to Greater Noida, Industrial development minister Mr. Nand Gopal Verma “Nandi” has asked Yamuna Expressway Development Authority to provide 64.7% additional compensation to the farmers in the next three months.
Investors can expect more than 100 percent return in the next five years from their agricultural land investment.
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