Growing Need for Institutional Plots Along the Yamuna Expressway
The development of institutional real estate in and around the area of the Yamuna Expressway is picking up momentum, with Narsee Monjee Institute of Management Studies (NMIMS) initiating the process of setting up a campus spanning 35 acres – the first institutional project it has undertaken outside of the state of Maharashtra.
Below is a brief and easy-to-understand explanation of the importance of this particular move in relation to the general development of institutional storylines in the area.
Land Use - Strategic Location of Institutional Plots
The Yamuna Expressway, which has been developed by the Yamuna Expressway Industrial Development Authority (YEIDA), has been identified as one of the major development corridors between Delhi-NCR and Agra. With a comprehensive development of infrastructure, this area has emerged as a major site for large institutional campus development. The institutional sites are being used for higher education and research facilities.
The fact that the institution has chosen a 35-acre plot earmarked for institutions within the region shows that the region has the potential to accommodate educational expansion.
Mapping of the Land Completion of Approval and Preparation to Initiate Land Map
Before any construction activity could start, approval for the campus layout was also obtained. Only after this official requirement was met was it possible to move ahead with any kind of construction activity. This is a major advantage of institutional plots in well-planned areas such as the Yamuna Expressway, where necessary approvals are being expedited.
This type of planning has also led other institutions to apply for land in the vicinity, demonstrating the emergence of a burgeoning education landscape.
Expansion of Education Beyond the Core Cities
Till now, prestigious management institutes were predominantly located in the mainstream cities such as Mumbai, Delhi, or Bangalore. However, with the help of the Yamuna Expressway plots, the region is set to experience a revolution. With NMIMS setting the tone, NCR, along with eastern UP, is all set to witness the best management education.
At the same time, this growth prevents the overload of metro cities and allows academic excellence to reach a semi-urban zone where affordability meets state-of-the-art infrastructure.
A Growing Academic Ecosystem
NMIMS is not alone. Along with its campus, other major proposals have been mooted –
- JBM Group has also started work on its campus nearby.
- The Sharda Educational Trust has proposed a large multi-institution development that envisages space for 10 international universities, a hospital, an innovation center, resorts, and sports facilities, all on large institutional plots.
- Saveetha Institute of Medical and Technical Sciences has applied for about 250 acres to establish a regular integrated university campus.
Together, these developments collectively establish a complete education and research ecosystem for which no single institution can match the breadth.
Location Close to Jewar International Airport
The other major reason why NMIMS and other institutes are excited about institutional units along the Yamuna Expressway is due to the proposed Noida International Airport, also known as Jewar Airport. The proposed development will enhance connectivity and will lure students and faculty from all across the globe.
Being proximate to an international airport has quite a lot of impact while making a location choice for a campus, as it favors ease of travel for students, recruitment personnel, and guest faculty.
Conclusion
The industrial areas around the Yamuna Expressway are being branded as truly future-ready locations. With connectivity options, competitive prices, and development assistance from the government, this area is being identified as ideal for establishing an industrial unit. Investment-wise, this industrial plot provides a balanced opportunity to invest with a mix of affordability and immense development opportunities.
