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propfrill Expert Opinion

  • 02 Jun

    2017

    How Jewar International Airport Affect Real Estate Market In Noida

    A well organized transportation system in a city helps it grow in all aspects. The upcoming Jewar Airport in Greater Noida will boost the city’s growth in the long run. This project is also expected to help the corporate sector prosper in the city. The Civil Aviation Ministry has recently approved a new airport in Jewar. This place is situated along the popular Yamuna Expressway connecting Agra and Greater Noida. This new airport can prove to be a boon for Greater Noida. It will help people reach the city faster from New Delhi as before. This will also help revive the almost dead infrastructure development and home sales in Greater Noida. In other words, this airport can shift the concentration of multinational and domestic companies, as well as, property seekers from Gurgaon to Noida. If and when the airport project at Jewar becomes a reality, this area will emerge as a logistic hub. The project will spur demand for residential, commercial and institutional property. It will have a positive impact on the realty sector. The best part is that it will create a positive sentiment among property buyers. The airport project at Jewar will benefit manufacturing units and other business in Noida and Greater Noida immensely. Gurgaon and Manesar witnessed growth just because these were close to Indira Gandhi airport at Delhi. Similarly, Jewar airport along the Yamuna Expressway will have a similar impact on the economy. Once the airport becomes a reality, the foreign investment in Noida, Greater Noida and Yamuna Expressway will go up by leaps and bounds. Noida’s cheap property prices have prompted various developers to build residential properties in Noida. However, it failed to attract the attention of large and small-scale companies. This new airport project in Jewar is expected to attract these companies, boost job opportunities in Greater Noida, and improve the state’s economy. With most of the major issues tackled successfully, this airport will surely help the real estate business of Noida and also boost up job prospects in the city. The residents of Noida will not have to leave their homes to find a good job.
    Company : PROP FRILL    Posted by : Satish Singh

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