Jewar, with the upcoming 700 Gaj Jewar Property Rates – Hare Krishna Township Phase 2 has become a hotspot for real estate investment in the Delhi-NCR region. Among the most sought-after property sizes is the 700 Gaj plot, offering an ideal balance of space for a spacious home and garden while remaining a manageable investment. This guide provides a detailed overview of the current market rates and factors influencing 700 Gaj plot prices in Jewar.

Understanding the Plot Size
First, it’s essential to clarify the measurement. One Gaj is approximately equal to one Square Yard. Therefore, a 700 Gaj plot is equivalent to 700 Square Yards or about 585 Square Meters. This is a substantial plot size, perfect for building a independent villa or a large family home.

Current Market Rates for 700 Gaj Plots

As of 2024, the prices for a 700 Gaj plot in Jewar are not uniform and vary significantly based on the exact location, developer reputation, and infrastructure development in the area. The rates can be broadly categorized as follows:

• Prime Sectors (Near Yamuna Expressway & Airport Zone): In well-developed sectors close to the Yamuna Expressway and the airport boundary, prices are at a premium. Rates here can range from ₹ 12,000 to ₹ 20,000 per Gaj. For a 700 Gaj plot, this translates to a total investment of approximately ₹ 84 lakhs to ₹ 1.4 crores.
• Developing Sectors (Slightly Inland): In sectors that are developing rapidly but are a little further from the immediate airport zone, the rates are more moderate. Here, you can expect prices between ₹ 8,000 to ₹ 12,000 per Gaj. The total cost for a 700 Gaj plot in these areas would be around ₹ 56 lakhs to ₹ 84 lakhs.
• Budget-Friendly/Upcoming Sectors: For sectors that are newly announced or on the periphery, where infrastructure is still in the early stages, prices are more affordable. Rates in these zones can start from ₹ 5,000 to ₹ 8,000 per Gaj, making a 700 Gaj plot available for an investment of ₹ 35 lakhs to ₹ 56 lakhs.

Key Factors Influencing the Rates

1. Proximity to the Noida International Airport: This is the single biggest driver. Plots closer to the airport site command a higher premium due to expected commercial and employment growth.
2. Developer Reputation: Plots developed by renowned and trustworthy builders generally come at a higher cost due to better planning, legal clarity, and promised amenities.
3. Infrastructure Connectivity: Easy access to the Yamuna Expressway, proposed Metro lines, and major roads significantly boosts property values.
4. Social Infrastructure: The presence of schools, hospitals, shopping complexes, and parks in the vicinity makes a location more desirable and increases rates.

1. Is investing in a 700 Gaj plot in Jewar a good decision in 2024?
Yes, Jewar is considered one of the most promising real estate investment destinations in North India. The ongoing construction of the Noida International Airport and associated infrastructure projects like the Film City and Multi-Modal Logistics Hub are expected to cause significant appreciation in property values over the next 5-10 years.

2. What are the legal checks I should perform before buying a plot?
Always verify the title deed of the land to ensure a clear ownership history. Check for the approved layout plan from the Yamuna Expressway Industrial Development Authority (YEIDA) or the relevant authority. Ensure there are no outstanding dues or liens on the property and that all necessary approvals are in place.

3. Which are the best sectors in Jewar for buying a 700 Gaj plot?
Sectors along the Yamuna Expressway, such as those near the proposed Jewar Airport Metro station and the commercial zones, are highly recommended. It’s advisable to consult with local real estate experts to identify sectors with the highest growth potential based on the latest development maps.

4. Can I get a home loan for purchasing a plot in Jewar?
Yes, most nationalized and private banks offer plot loans (also known as land loans). The loan-to-value (LTV) ratio is typically lower than for a ready-to-move-in house, usually around 70-80% of the land’s value, subject to the bank’s valuation and your eligibility.

5. What is the future outlook for property prices in Jewar?
The outlook is overwhelmingly positive. As the airport moves towards its operational phases (the first phase is slated for 2024-25), the demand for residential and commercial properties is expected to surge. This increased demand will likely lead to a steady appreciation in plot prices, making it a lucrative long-term investment.