The development of the 900 Gaj Jewar Land Rate – Hare Krishna Township Phase 2 has positioned Jewar as a premier destination for large-scale industrial, commercial, and institutional investment. A 900 Gaj land parcel represents a major capital investment, squarely placing it in the realm of corporate development, large-scale warehousing, and strategic land acquisition. This size is typically targeted by developers, manufacturing units, logistics companies, and investment groups with the capacity to execute substantial projects. Understanding the valuation of such a significant asset is paramount.

Understanding 900 Gaj
In property terms, 1 Gaj equals 1 Square Yard. A 900 Gaj plot is a substantial 900 Square Yards of land. This translates to approximately 752 Square Meters or, more commonly, 8,100 Square Feet. A parcel of this magnitude is a strategic development asset, primarily suited for industrial sheds, large warehouses, logistics parks, institutional campuses, or sizable residential complexes, all subject to the stringent zoning regulations defined by the Yamuna Expressway Industrial Development Authority (YEIDA).

Current Average Land Rates for 900 Gaj in Jewar (2024)

The investment for a 900 Gaj plot is significant and exhibits extreme variance based on location, authority approval, and most critically, zoning.

• Prime Industrial/Commercial Sectors (YEIDA): Plots within fully developed sectors under YEIDA, especially those zoned for industrial (I) or commercial (C) use near the airport or key highways, represent the peak value. Here, a 900 Gaj plot can range from ₹ 1.8 Crore to ₹ 4.5 Crore+. Direct proximity to the Airport Cargo Terminal or the Multi-Modal Logistics Hub (MMLH) commands the highest premium.
• Developing Sectors: In developing sectors further from the immediate airport zone, a 900 Gaj parcel would likely be an assembled plot. Prices here are lower, typically ranging from ₹ 90 lakh to ₹ 1.8 Crore. The value is tied to future demand but may face limitations if the zoning is not appropriately aligned for industrial use.
• Outer Villages & Agricultural Land: Large agricultural land parcels in peripheral villages are the most affordable. A 900 Gaj plot here can start from ₹ 36 lakh to ₹ 72 lakh. It is critical to note that this land requires conversion from agricultural to non-agricultural (NA) and a much more challenging zoning change for industrial use, which involves significant additional cost, time, and legal complexity.

Key Factors Influencing the Rate for Large Parcels

1. Zoning and Land Use: This is the most critical factor. Land officially zoned for Industrial (I) use by YEIDA is the most valuable for this plot size due to its high income-generation potential, higher Floor Area Ratio (FAR), and alignment with the airport’s economic purpose.
2. Connectivity to Logistics Networks: For an industrial plot, direct access to the Yamuna Expressway, freight corridors, and the proposed Airport Highway is a non-negotiable value driver. Easy access for heavy vehicles drastically impacts valuation.
3. Infrastructure Readiness: Plots with fully constructed roads, water pipelines, industrial-grade sewer systems, and high-capacity electrical grids (3-phase power) are “ready-for-construction” and priced at a significant premium.
4. Title Clarity and Encumbrance: For a multi-crore investment, a flawless, marketable, and litigation-free title is non-negotiable. Any title defect can severely devalue the asset and complicate future development or financing.
5. Scalability and Shape: A single, consolidated 900 Gaj plot with a regular shape and excellent road frontage is more valuable per unit because it offers immediate scalability for a developer’s project without the hassle of assembling multiple parcels.

. What is the most viable use for a 900 Gaj plot in Jewar?
The most viable and high-return use is industrial or logistical, directly leveraging the airport’s economic corridor. This includes building a manufacturing unit, a large warehouse, a logistics park, a cold storage facility, or a distribution center. The use must strictly comply with the industrial zoning laws set by YEIDA.

2. What is the process for getting agricultural land converted to industrial use?
The process is complex and two-fold:

1. NA Conversion: First, apply to the local tehsil to convert the land from agricultural to non-agricultural (NA) use.
2. Zoning Change: Secondly, and most challenging, is applying to YEIDA for a change in land use from residential/agricultural to industrial. This is not always granted and requires paying hefty conversion charges and impact fees, which can be a significant percentage of the land’s value.

3. How does financing work for such a large industrial plot?
Financing raw land for industrial purposes is complex. Traditional banks are hesitant. Options include:

• Corporate Financing: Companies often use their own capital or secure loans against other assets.
• NBFCs: Some offer loans for commercial/industrial land but at higher interest rates.
• Joint Ventures: A common route is a Joint Venture (JV) with a developer or logistics company who provides capital and expertise.

4. What are the major ongoing costs after purchase?
Beyond the initial investment, owners must budget for:

• Property Tax: Paid annually to the local municipality.
• Security & Maintenance: Significant costs to secure the large vacant land, including perimeter fencing, boundary walls, and security personnel to prevent encroachment.
• Compliance Costs: Costs associated with maintaining regulatory compliance for industrial zoned land, even if vacant.

5. Is this investment suitable for an individual investor?
A 900 Gaj industrial plot is overwhelmingly better suited for a corporate entity, a well-funded investment fund, or a consortium. The high capital requirement, complex regulatory environment, long investment horizon, and significant holding costs make it a highly specialized and illiquid asset that is prohibitively challenging for most individual investors to manage effectively.