![]() For an area to become liveable and end-user-centric, an infrastructure project like Jewar Airport will surely help kick-start more real estate developments involving commercial, housing, hospitality, and retail projects. They believe that the project will lead to a surge or overflow in demand for real estate in Noida, Yamuna Expressway, Greater Noida, and nearby areas.Īll these regions were previously speculator havens and required significant impetus in order to attract end-user demand. The airport project has been considered a critical project by experts tracking the real estate industry. Also, it will directly connect a major centre of export with international markets and will allow the farmers of this region to export perishable goods like fish, fruits, and vegetables.įinally, the Jewar Airport is also likely to boost real estate development and sales in the Greater Noida region substantially. Moreover, the extensive size of the airport will also allow a high volume of shipments which will, in turn, offer a boost to the economy of Uttar Pradesh. This will have a significant impact as it will boost the shipment activity and offer a boost to exports and imports as well. It is worth mentioning that the Noida International Airport, i.e., Jewar Airport, will be the first-ever airport with an integrated multi-modal cargo hub. In addition to this, with a target of over one crore footfall every year, the Jewar Airport will give an enormous boost to tourism in Mathura and Agra.Īnother major significance that the Jewar Airport project adds to the list is boosting exports and trade. After construction, the airport will ease travelling for residents of Noida, East Delhi, Greater Noida, Meerut, Ghaziabad, and nearby west UP districts. The creation of Jewar Airport is expected to boost the state’s income from tourism in the state. One thing to note here is job opportunities will not only come from the construction of the Jewar Airport but also when the airport becomes operational. According to the Civil Aviation Minister, Jyotiraditya Scindia, the strategic location of the airport will create job and employment opportunities for at least 1 lakh people. The massive investments could be related to the development of real estate in nearby areas, trade centres, and more.Īlso Read: Real Estate Forecast Driving Factors 2022īesides attracting huge investments, the Jewar airport will create great job opportunities too. Talking about its strategic location, many corporations will look to invest in the region. The Jewar Airport is located about 72 km from Delhi’s Indira Gandhi International Airport and 40 km from the multi-modal logistics hub at Dadri. In the initial years after completion, the Jewar airport is expected to yield investments worth ₹ 10,000 crores for the neighbouring areas. You will be surprised to know that officials estimate that the airport project will bring in an investment worth ₹ 35,000 crores. The project is likely to attract massive investment opportunities in the region with a long-term economic benefit. The foremost benefit of Jewar Airport is that it will create enormous investment opportunities within Uttar Pradesh. Having said that, the below-mentioned are the top 5 ways in which Jewar Airport will prove to be an important asset. Most experts praise the Jewar Airport project, stating that the existence of the airport will significantly boost the economy of Uttar Pradesh in terms of exports, investments, job creation, and much more. Now, let’s talk about the importance of Jewar Airport! The overall cost of the Noida International Airport project is estimated at ₹ 29,560 crores and the construction work will be completed in four phases over a period of about 30 years.īesides this, the Jewar Airport is claimed to be the fourth largest International airport globally, and it will be the second International aerodrome in Delhi NCR after the Indira Gandhi International (IGI) Airport. Spread across an area of 1,334 acres, the Jewar Airport is being developed by Yamuna International Airport Private Limited (YIAPL), a 100% subsidiary of Swiss concessionaire Zurich International Airport AG. ![]() With the creation of Jewar Airport, the government of India is expecting to give a great flip to the economy of the region. And, it’s hard to believe that this is the highest number for any state in India. ![]() Once the airport becomes operational, Uttar Pradesh will have five international airports. The construction work for the Jewar Airport project has already begun, and it will become operational by 2024. On November 25, 2021, Prime Minister Narendra Modi laid down the foundation stone for the Noida International Airport, also known as Jewar Airport.
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