Delhi NCR zone has been one of India most developed real estate markets in the country. However, most recently, one area has received an astonishing amount of attention. Areas around the recently been developed Noida International Airport, or Plot Near Jewar Airport, and the receiving attention of the real estate markets, and the surrounding neighborhoods of this Airport has been Skyrocketing. People as of recently consider any area Jewar Airport has been an active real estate market in Northern India.
Transformational Infrastructure Developments in a Mega Region
Once fully developed, Jewar Airport will become India’s largest international Airport and is currently under construction. Due to the size and demand for the market, the project is proposed to be developed in multiple phases with the first phase completing construction to serve the needs of multi millions of passengers. The Airport is to become a part of a greater strategy to construct a global transportation and economic center and is supported by the Uttar Pradesh government as well as international investors and Yamuna Expressway Industrial Development Authority (YEIDA).
Attributes of the abovementioned Airport project comprises of the following:
- Multiple Runways, with a total of 6 planned for the final phases
- Operational connectivity to Delhi, Noida, Greater Noida and Faridabad
- Cargo facilities to boost local manufacturing and export
- Commercial and lodging facilities are planned adjacent to the Airport
- Advanced design and architecture with superior global tech and facilities to aid the passengers
Jewar Airport will be raising the further expansion of major regulatory frameworks for global trade. Chhatrapati Shivaji Maharaj Airport and IGI Airport are historical examples of how large international Airports affect the economic surrounding of a region. Now with Jewar Airport using the underdeveloped region and large available land, the economic and socio integration of the region will be expanded in a greater proportion.
Strengthening Demand due to Improved Connectivity
Due to connectivity, plots around Jewar Airport are extremely sought after. Since the Airport is located on the Yamuna Expressway, one of the quickest and most efficient highways in India, it is easy to travel to Agra, Mathura, Greater Noida and Delhi.
More upcoming infrastructure projects improve the appeal of this area.
Rapid Rail and Metro Connectivity
New metro line extensions to Jewar Airport from Greater Noida are in the planning stages. There are also plans to add the Delhi-Meerut Rapid Rail to this area.
Planned Industrial and Logistics Corridors
Jewar location near the DMIC (Delhi-Mumbai Industrial Corridor) and the Eastern Peripheral Expressway allows for the movement of large quantities of goods. This makes the area desirable to logistical and industrial businesses.
Technology Parks, Medical Facilities, and Film City
The nearby Jewar Film City, proposed medical device factory parks, and data center facilities are expected to create thousands of jobs, and enhance increasing development in the area.
The plots around Jewar Airport will become increasingly desirable as the infrastructure around it improves.
A Hub for Residential, Commercial, and Industrial Development
The Yamuna Expressway Authority has delineated the land around the Airport into zones allocated for specific developments, and this is why the region is not experiencing random growth, but rather, it is expanding in an orderly fashion.
Residential Plots
Several areas around Jewar Airport are undergoing development with future residents in view. These parcels are usually located within YEIDA designated sectors along the expressway. As the area develops, these zones are anticipated to have facilities such as parks, schools, and community buildings, as well as convenience stores for daily needs.
Commercial Plots
With the expected increase in the volume of traffic around the Airport, the need for commercially dedicated spaces has been increasing, and it is anticipated that in the long term there will be a profusion of shops, office buildings, restaurants, and warehouses, along with other various establishments.
Industrial and Logistics Plots
Industries that deal with manufacturing, storage, packaging, and export services are currently scouting the area. Plots in the industrial corridors are designated for factories, storage warehouses, and processing facilities that would benefit from being located near an international Airport and several major highways.
Reasons Why The Region Is Considered To Be A High Growth Zone?
Many people wonder what the secret behind the significant investments into the Jewar Airport vicinity is all about. The following are the main reasons why the area around Jewar Airport is a focus point:
The Advantage of being in the Early Stage of Development
The area under review is currently in the early development phase. Traditionally, once the large Airports in the vicinity begin to operate and the area is complemented with the necessary support infrastructure, there is a rapid and significant development of the surrounding areas. This is considered the point of critical importance of appropriate planning for the future.
The Anticipation of New Job Opportunities
The proposed developments of the area, such as Film City, IT parks, educational institutions, hospitals, and global logistics centers, are predicted to result in the creation of thousands of jobs. Job creation in an area also results in the increased demand for housing and commercial buildings.
Government Support and Planning
The Government of Uttar Pradesh and YEIDA have made several statements planning to create an international investment hub around Jewar Airport. These statements have been backed with a number of policy initiatives, new infrastructure investments, and planned growth centers showing strong intent for the future.
Development Like Prosperous Global Airport Cities
Major Airports in the world typically trigger the growth of aerotropolis urban regions, including Airports. These include Dubai, Singapore, and the surrounding areas of major Airports in China. Due to its magnitude and connectivity, experts predict the same in Jewar.
Prospects of Development in Jewar Airport Region
The construction of the Jewar Airport is underway with more phases to come. This is not a project with a short timeline, as it is a vision that will unfold over decades to come, as it will facilitate the growth of trade, tourism, business, and international travel.
Some of the more significant potential prospects include:
- Major hospitality centers with hotels, convention centers, and zones for leisure activities
- Educational and health care facilities to serve the growing residential population
- Retail and corporate establishments to service the large volume of visitors
- Heightened activity of property development as more facilities and services become available
- Increased economic emigration to the region
It will take time for the area to develop fully, but the progress so far demonstrates that Plot in Jewar Airport is one of the most crucial of the new economic zones in the country.
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