The real estate landscape of Jewar has been fundamentally transformed by the development of the 700 Gaj Jewar Property Rate – Hare Krishna Township Phase 2. Among the most sought-after property sizes is the 700 Gaj plot, offering an ideal balance of space for a spacious villa and strong investment returns. Understanding the current market rates and the factors driving them is crucial for any prospective buyer.

Understanding the Land Measurement

First, it’s essential to clarify the unit: 1 Gaj is equivalent to 1 Square Yard. Therefore, a 700 Gaj plot is equal to 700 Square Yards or approximately 585 Square Meters. This is a substantial plot size, perfect for building a custom-designed independent home or a farmhouse.

Current Property Rate Trends for 700 Gaj Plots in Jewar

Providing a single, fixed rate for a 700 Gaj plot in Jewar is challenging, as prices vary dramatically based on the exact location, developer reputation, and proximity to key infrastructure. However, we can break down the current market into broad, realistic price brackets.

As of 2024, the price range for a 700 Gaj plot in Jewar typically falls between ₹ 4,000 to ₹ 9,000 per Gaj.

Let’s break down what this means for the total cost of a 700 Gaj plot:

• At the Lower End (₹ 4,000 – ₹ 5,500 per Gaj): Plots in this range are generally found in emerging sectors or areas further from the immediate airport zone and the proposed Film City. These are often in newer, developing projects where infrastructure is still under construction. The total investment for a 700 Gaj plot here would range from ₹ 28 Lakh to ₹ 38.5 Lakh.
• In the Mid-Range (₹ 5,500 – ₹ 7,500 per Gaj): This bracket includes plots in well-planned sectors with better connectivity, developed by reputable mid-tier developers. Proximity to major roads, proposed commercial hubs, and social infrastructure places plots here. The total cost for a 700 Gaj plot would be between ₹ 38.5 Lakh and ₹ 52.5 Lakh.
• At the Premium End (₹ 7,500 – ₹ 9,000+ per Gaj): These are premium plots offered by top-tier developers in the most prime locations. Think sectors with direct access to the Yamuna Expressway, those closest to the airport boundary, or within integrated townships that offer high-quality amenities. A 700 Gaj plot in this category can cost from ₹ 52.5 Lakh to ₹ 63 Lakh or more.

Key Factors Influencing the Rate of a 700 Gaj Plot

1. Exact Location and Sector: This is the most critical factor. A plot in Sector 1 or 2, with direct connectivity, will command a far higher price than one in Sector 25 or beyond. The “Golden Triangle” near the airport is the most expensive.
2. Developer Reputation: Projects by renowned builders like Gaur, ATS, and TDI come with a premium due to their track record of timely delivery and quality development.
3. Proximity to Infrastructure: Distance from the airport terminal, the proposed Jewar Airport Metro line, the Film City project, and educational/healthcare hubs directly correlates with the price per Gaj.
4. Social Infrastructure and Amenities: Plots within gated communities that offer parks, clubhouses, security, and water and power supply will be priced higher than plots in undeveloped or non-integrated areas.
5. Land Title and Approval Status: Plots with clear title deeds and necessary approvals from the Yamuna Expressway Industrial Development Authority (YEIDA) are safer investments and thus more valuable. Always verify the project’s RERA registration.

1. Is buying a 700 Gaj plot in Jewar a safe investment?
Yes, it is considered a relatively safe investment due to the solid, long-term driver of the Noida International Airport. However, “safe” depends on due diligence. Always invest in YEIDA-approved projects and ensure the developer has a clear title and RERA registration to mitigate risk.

2. What will be the approximate cost of constructing a house on a 700 Gaj plot?
The construction cost is separate from the land cost. A basic construction can start from ₹ 1,800 per sq. ft., while a high-end, finished villa can cost ₹ 3,000+ per sq. ft. For a 4,000 sq. ft. house (utilizing a portion of the plot), the construction cost could range from ₹ 72 Lakh to ₹ 1.2 Crore or more.

3. Which are the best sectors in Jewar for buying a 700 Gaj plot?
Sectors 1 to 6 are currently the most active and prime due to their proximity to the airport and the Yamuna Expressway. However, “best” depends on your budget and risk appetite. Established sectors are less risky but more expensive, while newer sectors offer lower entry points with higher growth potential.

4. Can an NRI buy a 700 Gaj plot in Jewar?
Yes, Non-Resident Indians (NRIs) are legally permitted to purchase residential plots in India, including in Jewar. The process is straightforward, but it is highly recommended to use a reputable developer and legal counsel to handle the transaction and compliance with the Foreign Exchange Management Act (FEMA).

5. Are there any hidden costs besides the plot’s basic cost?
Yes, buyers should budget for additional costs such as:

• Stamp Duty and Registration Charges: A significant cost, typically a percentage of the transaction value.
• Goods and Services Tax (GST): Applicable on under-construction properties bought from a developer.
• Legal and Documentation Fees.
• Society/Club Membership Charges in gated communities.
• Development Charges levied by the developer for internal infrastructure.