Investing Near Jewar Airport

Everyone dreams of living in a place with great infrastructure and mesmerising architecture, but such places often come with a hefty price tag, making them accessible only to the wealthy. However, there's good news for those aspiring to such a lifestyle in India, especially Uttar Pradesh. The government is planning to build a state-of-the-art airport in Jewar, promising to fulfil these dreams for everyone.

The Jewar International Airport project aims to connect cities like Agra, Mathura, and Gautam Buddh Nagar to the global aviation network, boosting regional industrialization by linking local industries to international markets. Additionally, better air connectivity is expected to revitalise the tourism sector, attracting more visitors to existing destinations and creating opportunities for new ones to emerge. Importantly, this airport will also ease congestion at Delhi's IGI Airport, ensuring smoother travel experiences for everyone.

In essence, the Jewar International Airport project not only promises improved connectivity but also opens doors to economic growth and a better quality of life for all. opportunities for the establishment of tourist destinations. The proposed Airport will assist in the decongestion of IGI Airport, which is located in Delhi and is set to exceed its capacity.

Advantages Of Investing Near Jewar Airport?

This is going to be your next destination to reside in. We all know that a single extensive development transforms the whole area; a simple railway halt changes the whole village's look and value. Even an average bus stop transforms the area's overview. Then, imagine an airport that is India's most enormous Airport existing next to your home! Yeh! Yeh! Feeling overwhelmed, imagine this feeling changing into reality. 

You might be thinking that only because of the Airport, why would one invest there?

Because of the significant capital appreciation and a tag of premium property that your land gets. Apart from all this, the excellent and smooth connectivity it provides makes it a property to invest in with low investment and higher returns.

The prices of land in Delhi near IGI airport range from 2 to 26 crores, and it's not only Delhi; every city's land prices go in crores after the Airport gets operational.  

Connectivity

The proposed site is connected to the NCR region, as well as various districts in western UP. It is situated just 30km away from state highway SH-22A, i.e., the highway that connects Palwal and Aligarh and is located 700 metres from Yamuna Expressway. To the south, the Airport could be linked to the planned Palwal Khurja expressway. There is also a 100-metre-wide Eastern Peripheral Expressway, passing through Yamuna Expressway on Formula One Track and connecting the Airport to Palwal, Manesar, Ghaziabad, Bhagpat, and Meerut.

Jewar enjoys excellent connectivity to the Delhi Metro network, with proposed extensions planned, enhancing commuting convenience and adding value to the real estate market. Improved transportation links to neighbouring areas further enhance Jewar's appeal for investment.

Renowned Universities

Jewar boasts several vital factors that make it an enticing investment destination. Firstly, its proximity to esteemed universities like Noida International University, Sharda University, and Galgotias University ensures a steady influx of students, faculty, and staff, driving demand for rental properties. This creates an opportunity for investors to benefit from a reliable rental income stream and potential capital appreciation.

Fascinating Developments  

The Uttar Pradesh government's plans to establish Toy City and Film City in Jewar signify significant economic growth prospects. The Toy City aims to become a hub for toy manufacturing and exports, while the Film City project aims to create top-notch infrastructure for the entertainment industry. These initiatives are poised to generate job opportunities and stimulate demand for residential and commercial properties.

Furthermore, the upcoming Noida International Airport also called as Jewar International Airport, projected to be the fourth-largest globally, is set to transform Jewar's landscape. Its development will attract investments, create employment, and spur economic activities, making Jewar a promising investment destination for future returns.

Why Invest In Lands Near Jewar International Airport? 

Investing in land near Jewar's Noida International Airport is a promising option for real estate investors. With the Airport's commencement, analysts foresee a significant increase in land prices, potentially yielding a return on investment of up to 120 percent by the time the Airport becomes operational. Various types of land are available in the area, with prices ranging from Rs 10,000 to Rs 25,000 per square yard for plots constructed by authorities or developers and Rs 10,000 to Rs 15,000 per square metre for agricultural plots.

Plots sold by developers often come with amenities like a wave pool, club membership, and parking, while those sold by authorities may not. RERA-approved plots near the Airport are highly sought after. Despite the anticipated benefits of the Airport, experts caution that it may take 5-6 years to see substantial returns. Nonetheless, recent events have spurred demand, with projections of annual land value increases ranging from 115 to 300 percent.

The upcoming Jewar International Airport is expected to drive demand for more affordable housing projects, further boosting property values. The Yamuna Expressway, known for its diverse housing options, including plots, villas, and group housing developments, is likely to experience increased demand due to the Airport's construction.

Buying a plot near Jewar Airport offers several advantages. Plots are cost-effective compared to constructed homes, making them suitable for investment without financial strain. The purchasing process is more straightforward, with fewer complications and paperwork, compared to buying a house. Additionally, plots require lower maintenance and property taxes, making them an attractive investment option.

While the future of real estate near Jewar Airport looks promising, stakeholders should exercise caution and temper their investment expectations. Large landowners in the Airport's vicinity are likely to witness significant development activity in the short to medium term. However, speculation should be balanced with realistic expectations, considering the time frame for substantial returns and potential risks involved.

Additionally, Jewar's strategic positioning for industrial corridors and proposed Night Safari project further amplify its investment appeal. The development of industrial corridors will attract businesses and industries, generating job opportunities and increasing demand for properties. The proposed Night Safari project is expected to draw tourists, boost the local economy, and present opportunities for hospitality and tourism-related ventures.

What Is The Progress Of Jewar Airport?

The Jewar International Airport will develop using a private-public partnerships method (PPP). The plan proposed is to construct a two-runway airport before 2024. Then, when the time comes, expand it to a 7,200-acre (2,900 ha) six-runway airfield. Prime Minister Narendra Modi laid the foundation stone for Jewar Airport on 26 November 2021. YEIDA has identified 5,100ha (13,000 acres) to be used for the development. Zurich Airport International AG was selected as the concessionaire/developer of Jewar Airport. 

Jewar Airport Construction Status

Phase 1 Project Site Area: 12334 Ha. It is anticipated that the Airport will start operating in 2023-23, two years after IGI Airport reaches its threshold for traffic management.

Jewar Airport Opening Date

Jewar Airport, also known as Noida International Airport, is expected to open in September 2024.

Jewar Airport Location

The Noida International Airport (NIA) is located around 7 km (4.3 mi) north of Jewar Town in Gautam Budh Nagar district of Uttar Pradesh in India. Noida, Dadri, and Jewar are the three tehsils (sub-divisions) in this district. 

Conclusion

Investing in Plots near Jewar Airport is a million-dollar deal; the prices will go sky-high in just a few years. Apart from the Jewar International Airport, it is also a hub of many famous companies, educational institutions, and many more famous developments mentioned above. Invest in it now, or keep regretting your whole life. This is the project that qualifies for your investment because it caters to what you think is premium in low investment.