Impact Of Jewar Airport On Noida's Real Estate 

The first phase of Jewar Airport will be operational in 2024, which means this year, it will impact the neighbouring cities immensely, especially Noida. This mammoth project is situated at Noida-Greater Noida Expressway. The presumptions of big real estate giants and analysis of various real estate firms demonstrate that it will affect the real estate of Noida in the same way as IGI Airport did for Gurugram.

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The Indira Gandhi International (IGI) Airport's impact on Gurgaon's property trends has been profound, reshaping the real estate landscape in several ways. Firstly, the airport's proximity has triggered a surge in property demand, driven by the allure of convenience for both business travellers and tourists. This increased demand has translated into heightened property values, making areas near the airport prime real estate.

How IGI Airport Shaped Gurgaon's Real Estate?

Connectivity: Moreover, the airport has significantly enhanced Gurgaon's connectivity, fostering easier access to other parts of the country. This improved connectivity has not only facilitated smoother commuting but has also spurred interest in city-center properties, further driving up demand.

More Jobs: The presence of the airport has attracted businesses, leading to job creation and opportunities within Gurgaon. This influx of economic activity has further fueled the demand for property, particularly in areas close to the airport.

Price Appreciation: As a result of these factors, property prices in Gurgaon have seen a steady rise, with the airport vicinity emerging as a hotspot for price appreciation. Experts anticipate a continued positive effect on the Gurgaon property market, especially with the anticipated expansion of the airport in the near future, which is likely to drive demand for property within the city further.

Given the success witnessed in Gurgaon, many speculate that similar benefits could be extended to Noida's real estate market. The potential for expansion in Noida's property market is supported by factors such as enhanced connectivity, infrastructural advancements, and the expected growth of the IT and service sectors.

The development of Noida's real estate market could mirror the trajectory seen in Gurgaon, with increased demand for hotels, apartments, and commercial projects. This growth would be underpinned by improved connectivity, which would make Noida an attractive location for businesses and residents alike.

How Jewar Airport Will Boost Noida's Real Estate?

Jewar airport is situated in the Gautam Buddh Nagar in Uttar Pradesh, the strategic location. Jewar Airport will significantly benefit the nearby towns and cities of Delhi. Jewar Airport will benefit Nearby Cities such as Noida, Greater Noida, Ghaziabad, and Faridabad.Even if these cities are already sufficiently developed and have numerous industries and commercial and residential activities, the boost it will give to Noida's economy will be phenomenal. 

For instance, if you are planning to invest in Noida Sector 142, it will benefit you a lot, and your money will grow exponentially; you might ask why. Sector 142 is a commercial sector surrounded by famous multinational companies and commercial buildings such as One Fng, Advant Navis, Ansal API Corporate Park, and a newly launched project by one of the most popular real estate developers Splendor group named, Splendor ONYX Blue. Sector 142 is one of the most popular commercial sectors that occurs on the way to Jewar Airport while travelling on the Noida-Greater Noida Expressway.

Overall Impact Of Jewar Airport On Noida's Real Estate In 2024

The presence of the Jewar International Airport near Noida is set to transform the region's real estate landscape. With improved connectivity, businesses, investors, and families are drawn to the area, driving demand for both commercial and residential properties.

The airport's strategic location is expected to attract both local and foreign investment, making it a focal point for economic activity in the National Capital Region (NCR). Multinational companies are likely to establish their presence nearby, leading to the creation of more job opportunities and supporting industries.

This influence of corporate activity will boost demand for office spaces, particularly in sectors near the airport's vicinity. Moreover, the development of the airport is fueling a surge in luxury housing demand, prompting developers to launch upscale projects with international standards and amenities.

Investors stand to benefit from capital appreciation as property values are expected to rise significantly with the completion of the airport. Additionally, property owners can capitalise on the region's growing rental market, catering to business travellers, tourists, and employees seeking convenient and well-maintained rental properties.

Jewar Airport Property Investment: Why Should You Invest Near Jewar Airport?

Investing in property near Jewar Airport is a gateway to fortune and wealth. As a prime transportation hub, it's a magnet for development and infrastructure. Imagine securing a piece of land today for 50 lacs or a flat for 3 Cr. As the airport becomes fully operational, your investment could potentially double or triple in value. 

Picture the convenience of having a small railway or bus station near your home. As connectivity improves, property prices soar and the area experiences a surge in footfall. This is a boon for retail shops and hotel chains, making it an ideal investment opportunity.

Picture this: famous hotel chains, restaurants, and brands springing up near Jewar, rapidly boosting the region's appreciation. By investing in property near Jewar Airport, you're not just watching your money grow, you're witnessing a transformation. Every year, as the region around India's biggest airport evolves, your investment multiplies, inspiring and motivating you to continue reaping the benefits.

Jewar Airport News: (country's first underground railway station will be built at Jewar Airport)

The Jewar International Airport, aiming to rival the world's most modern airports, will boast India's first underground railway station. The Railway Ministry has granted preliminary approval for this station, along with a 61 km railway track from Rundhi to Chola station on the Delhi-Howrah line.

Yamuna Expressway Industrial Development Authority (YEIDA) has drafted a detailed plan for this rail line, projecting it to benefit 1.22 lakh passengers upon completion by 2026. This development will not only enhance connectivity but also reduce travel time and congestion, making it a significant step towards improving transportation in the region.

The underground station, a unique feature globally, will be nestled beneath the airport's passenger terminal, just like the airports in Tokyo, Berlin, New York, and Paris. Passengers will have easy access to the terminal via elevators, lifts, or stairs, all within a comfortable, air-conditioned environment. Moreover, rapid and metro stations connecting the Delhi-Varanasi Rapid Rail and Delhi's Indira Gandhi International Airport will be conveniently located nearby.

The rail line will traverse seven stations, commencing from Palwal Junction and passing through Rundhi, Chandhat, and Zewar Khadar before culminating at Jewar Airport. Despite YIAPL's concerns over land acquisition, the railway project, including the underground station, is making steady progress. Arunveer Singh, CEO of YEIDA, has reaffirmed the commitment and strides towards realizing this ambitious transportation endeavor.

Conclusion

The Jewar International Airport's impending development promises economic growth, infrastructural enhancement, and improved connectivity, making Noida an attractive destination for real estate investment. Jewar Airport property investment will be a game-changer in your life. Investing in property near Jewar Airport will help you to cultivate a huge amount of return.