The airport at the city Jewar in Gautam Buddha Nagar district, Uttar Pradesh is expected to give an immense boost to the Noida, Greater Noida and Yamuna expressway real estate projects and properties, among them H&S Beetle Lap. The airport project was recently greenlit by UP Chief Minister Yogi Adityanath.
Jewar Airport was initially proposed in 2001 by then UP CM Rajnath Singh. Since then CMs’ Mayawati and Akhilesh Yadav have also pursued the project but failed to implement it since Jewar is approximately 100 kilometres from Delhi and the distance clause in the Delhi Airport’s contract prevents another airport within 150 kms’ of Indira Gandhi International Airport. However, now the distance clause has been dropped in the new aviation policy and making Jewar Airport a reality is also in the ruling party’s manifesto, this time around all concerned are hoping for the much-needed airport to come through.
Real estate developers, homebuyers, existing residents and business-owners in and around 200-300 kilometres of Jewar will benefit hugely from the airport. Jewar airport will make its impact in a lot many areas which will help rejuvenate Noida’s, Greater Noida’s and Yamuna expressway’s real estate; some of the reasons of this positive effect are listed below:
Improved Connectivity: The road connectivity through Noida-Greater Noida Link Road and Yamuna Expressway and the metro connectivity through Noida and Greater Noida Metro lines are already among the best in the country. Moreover, since the airport project has been approved by CM, the feasibility study of a high-speed metro link project between Greater Noida and Jewar Airport has also been initiated. Basically, Jewar airport will invite world-class connectivity efforts to and fro its surrounding areas.
Business Growth: An international airport can really put a place’s economy in the accelerate mode. Clear and close-by examples are South Delhi and Gurgaon where residential and commercial development fast-tracked immensely due to their vicinity to IGI. Many multi-national companies opened their head offices, branches and some even relocated their operations to South Delhi and Gurgaon because of the ease which IGI provided them which consequently brought a flurry of real estate ventures in these areas; same is expected to happen in Noida and Greater Noida through Jewar airport.
Greater Reach: Jewar airport is deemed to serve the Western Uttar Pradesh areas of Noida, Greater Noida, Ghaziabad and Yamuna Expressway neighbourhoods till Meerut, Aligarh, Mathura and Agra and thus be a blessing to the wholesome development of the above regions. This all-round reach will positively impact the economy of the real estate around Jewar and of UP.
Better Affordability: The Centre Government is pushing for affordable housing and housing for all through its initiatives, policies and schemes. Since the prices in Delhi and Gurgaon are sky-high, the land parcels in Noida, Greater Noida and Yamuna expressway have better chances of being used for affordable commercial and residential developments. Jewar airport will provide the right push for developers to eye these properties for the developments of their affordable projects. Also, the Jewar airport is estimated to provide affordable flight options to fliers also since if built, it shall be constructed under government’s regional connectivity scheme. Moreover, Jewar’s vicinity with IGI will diversify the air traffic of IGI and price surge in South Delhi and Gurgaon, balancing both these factors and bringing in affordability for customers.
Yamuna Expressway Industrial Development Authority CEO Mr. Arun Vir Singh recently said that he has written to the civil aviation ministry seeking permission for the Jewar airport project. Once the approval for construction is granted, the real estate development in the area is expected to soar and bring the realty market of the planned cities of Noida, Greater Noida and Yamuna Expressway to international standards.
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