Potential of Property in Noida May Be Unlocked by International Airport in Jewar
If the Jewar Airport is built, those who own property in Noida will benefit. Noida is one the most important technology and business centers in the country yet growth here has not kept abreast with growth in other important regions of the country. A large international airport in Noida's backyard could very well change the fortunes of the city and add to the fortunes of those who invest in real estate in this suburb of New Delhi.
The Winds of Change
Uttar Pradesh may very well be on it's way to becoming Uttam Pradesh. The recently elected government has directed the Uttar Pradesh authorities to begin seeking approvals from the Civil Aviation Ministry for the construction of an Airport at Jewar.
Leaders expect that once the airport is operational it will be a fantastic blessing to numerous industries in Western Uttar Pradesh. Industries such as Tourism, Trade, and of course Real Estate are expected to be the biggest beneficiaries of an international airport at Jewar. The operational international airport is expected to create more economic growth in Western Uttar Pradesh.
The Story Thus Far
Greater Noida and Noida are the preferred regions to buy a home for buyers with a limited budget. However while residential projects in Noida remained popular, commercial realty was not able to gain the momentum that commercial realty in other parts of the NCR close to the international airport had gained. Thus experts believe that the revival of the Jewar International Airport will unlock all the hidden potential in Noida and Greater Noida.
Where is Jewar Located?
Jewar is located along the highway that connects Noida with Agra. The Yamuna Expressway as the highway connecting Noida and Agra is known, is a popular highway upon which a large number of vehicles pass every day.
Why NCR Needs a New Airport?
NCR is a large urban metropolitan region where tens of thousands of people arrive everyday by air. Yet the infrastructure that has been built to accommodate tens of thousands of visitors, who arrive from all corners of the globe on flights to the Indira Gandhi International Airport, is insufficient to meet the demands placed on it from increasing number of travelers. Hence not only will an International Airport at Jewar unlock the hidden potential of many existing commercial and luxury properties in Noida, it will also ease the burden on the Indira Gandhi International Airport.
