For quite some time, the Noida-Greater Noida-Yamuna expressway region has been known for its well-planned infrastructure and organized development. However, the announcement and gradual development of the Jewar Airport has taken this region to a whole new level. Infrastructure first approach has always been a contributor towards real estate appreciation and Plot Near Jewar Airport is bound to follow the journey that has been witnessed towards all major Airports across the world.
Why Jewar Airport is a Game Changer?
India Largest Airport Project
Jewar Airport is expected to be a multi phased mega projects where the capacity is expected to increase to millions of passengers on a yearly basis. Once fully operational, the Airports is expected to have multiple runways, efficient terminals and modernised systems for the movement and storage of goods in cargo.
Such large scale investments increase the movement of goods within and across the surounding regions as well as the economic activity. History has shown that the real estate around major Airports appreciate the most as a result of the economic developments caused.
Impacts on Employment and Economic Growth
The Airport is expected to generate thousands of direct and indirect employment opportunities. There is expected to be a significant demand for hotels, hospitality, transport, warehousing, the retail sector, aviation services, and office spaces, which will necessitate the development of residential facilities for employees and for the hospitality sector.
As more people will be moving to the area for work, there will be a significant increase in the demand for land plots - whether for residential, commercial or rental purposes.
Improvements to Connectivity
The region will benefit from the following proposed projects:
- Widening the Yamuna Expressway
- Fast rail with proposed stations
- Widening existing Metro from Noida with extensions
- New connector roads to the Delhi - Mumbai Expressway
- New corridors for the movement of goods
These planned improvements will make Jewar one of the best connected areas in Northern India, which will increase the value of the land for development.
Development of Industrial and Logistics Zones
The Yamuna Expressway Industrial Development Authority (YEIDA) is focusing on the construction of the following;
- Electronic Manufacturing Zones
- Apparel Manufacturing Parks
- Film Cities
- Data Processing Centers
- Logistics Parks
Commercial or mixed use development near such underserved industrial zones is expected to appreciate in significant value over time.
The Benefits of Purchasing a Property Near Jewar Airport
Affordability in the Early Stages of Development
Currently, the cost of real estate in the area around Jewar Airport is much lower than the prices in established NCR markets (Noida, Ghaziabad, and Gurgaon). Investors entering the real estate market can reap the greatest benefits from purchasing real estate before the major infrastructure projects are completed.
With every stage of development and operationalization of the Airport, additional land will be available for purchase at much higher prices, making the option of buying land at this stage much more valuable.
Freedom and Control
The biggest advantage of buying a plot of land is the complete control and freedom that you have over the property, including:
- Design of the structure
- Deciding the type of property (residential, commercial, rented)
- Building in phases
- Designing the property
This level of freedom is never present when buying real estate at the time of purchase.
Significant Increase in Value
If the major global Airports are considered, the appreciation of the real estate around the Airport increases significantly with the commencement of operations. Jewar Airport is expected to follow similar trends.
With the accelerated development by YEIDA, this land will be one of the fastest appreciating assets in the region.
Long-Term Investors Will Benefit the Most
For investors who are looking at a long-term investment of 5 to 10 years, acquiring plots near Jewar Airport is a very good investment. As the Airport is expected to become a major center for both commercial and cargo flights, the real estate market in the vicinity of the Airport will become very responsive. Thus, the surrounding area will become a micro-market in real estate.
Recommended Investment Location for Jewar Airport
YEIDA Sectors (Sector 18, 20, 22D etc.)
Government-promoted residential and commercial plots with well-defined boundaries.
Jewar Town
Good for residential construction and prospective rentals.
Tappal–Aligarh Belt
Affordable land is readily available and is becoming a sought-after investment area.
Rabba, Kishorepur, and Nearby Villages
They are in the early stages of development and the need for this area is growing.
These areas are better based on your needs, whether you want to invest, the distance you are willing to travel, or the budget you have.
Future growth factors due to land appreciation will be
Film City to be built in Sector 21
The construction of a large film studio complex at the Airport is expected to create many jobs and attract entertainment related activities.
Global Tourism
The area is expected to become a development center for hotels, entertainment and retail attractions.
Smart City Design
The green spaces, roads, and utility systems will be planned in advanced and will accommodate a growing population
Phased Corporate Interest
Corporates prefer setting up Plot in Jewar Airport for better logistics. This proximity increases value.
Investing in Land Around Jewar Airport
With the location becoming commercially active, investors need to exercise caution and complete due dilignece.
- Check whether the land is advisable for purchase/under YEIDA development.
- Check whether the land parcel is free from all litigation and has a clear title.
- Determine the land use.
- Ensure the developer is sanctioned.
- Obtain registry and mutation copies.
- Overall, these actions ensures safe and profitable investment.
