Delhi Airport experiences its fair share of crowding & congestion due to India being one of the aviation markets with the greatest growth rates in the world. The Government of India intends to establish the Jewar Airport as a second air hub for New Delhi in order to address this issue.

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This enormous project, which is formally known as Noida International Airport, is situated along the Yamuna Expressway in Jewar, Gautam Buddh Nagar. The project’s enormous scope is anticipated to increase demand for residential & commercial plots close to Jewar Airport as well as infrastructure development. Scroll down for a thorough analysis if you’re thinking about making a real estate investment in this neighbourhood or one close by.

Why Search for Land Close to Jewar Airport?

Make careful to conduct thorough study before making an investment in a business or residential land. Make your decision after learning about the location’s advantages in terms of connectivity, cost, and social infrastructure. The advantages of purchasing a site close to Jewar Airport are listed below.

Connectivity

• The Yamuna Expressway, which offers an Intelligent Transport System, strives to provide travellers with the highest level of safety, security, and convenience while travelling between Greater Noida & Agra.
• Agra Ring Road and the Noida-Greater Noida Expressway are connected by the Yamuna Expressway. It will soon combine with other significant cities like Meerut, Hapur, and Ghaziabad in Uttar Pradesh and Gurgaon, Sonipat, Rohtak, and Manesar in Haryana.
• By connecting cities like Lucknow, Gwalior, and Kanpur, the Yamuna Expressway will shorten travel times and distances.

Infrastructure, both physical and social

• A popular residential suburb, Jewar on the Yamuna Expressway is close to the Gautam Buddha University, which strengthens the community there.
• The opening of Jewar Airport would boost tourism by giving visitors from other countries easy access to the Taj Mahal via the Agra Expressway.
• The first and only Formula 1 Circuit in India is located on the Yamuna Expressway. There are also other sporting facilities planned, including a multipurpose stadium, a tennis court, and a cricket stadium.

Manufacturing, Logistics, and More

• Dadri will be a part of the future Delhi-Mumbai Industrial Corridor, which would improve the Yamuna Expressway’s logistics, warehousing hubs, and special development zones.
• Near the Jewar airport, along the Yamuna Expressway, more than 10 sizable firms from the USA, Japan, Korea, etc. are establishing industrial facilities.
• The Yamuna Expressway Industrial Development Authority (YEIDA) has suggested spending roughly Rs. 15 crores to build an information technology hub.

Apartments near Jewar Airport

Following the epidemic, homeowners are seeking larger properties with enough for a home office. Residential plots are currently a close second to apartments, which are still the most popular type of property investment. Huge infrastructure improvements in places like Jewar are drawing attention, enabling investors and homebuyers to make wise choices. A growing number of people are now investing in residential plots close to Jewar Airport because they anticipate a significant increase in land prices.

The graph shows that the typical price for residential plots close to Jewar Airport is Rs. 28,193 per square yard (in Apr-Jun 2022). Q1 2022 to Q2 2022 saw a 34 percent increase in these prices. Residential plots close to Jewar Airport now cost Rs. 28,193 per square yard, up from Rs. 15,533 in the April-June 2021 timeframe (in Apr-Jun 2022).

Leading neighbourhoods with residential plots close to Jewar Airport

Plots for sale close to Jewar Airport

In Noida/Greater Noida, there has been an increase in demand for commercial properties & plots during the past few years. People are now considering commercial investments from the perspectives of rental revenue and capital growth. The ambitious Jewar Airport project is essential in drawing numerous people to make business investments resulting in an increase in demand for office buildings and plots in the neighbourhood.

The graph shows that the typical price for commercial plots close to Jewar Airport is Rs. 20,524 per square yard (in April-June 2022). Between Q1 2022 and Q2 2022, these prices rose by 64%. But if we compare the average prices of commercial lands from the previous year, from January to September 2021, they have drastically decreased, from Rs. 1,15,981 in April to June 2022 to Rs. 28,193 per square yard (in April-June 2022).

Leading locations with commercial plots close to Jewar Airport

Airport-area plots owned by the Yamuna Authority

Near Jewar on Yamuna Expressway, Greater Noida, Yamuna Authority provides a variety of residential and business sites known as authority plots. There are numerous site configurations available, enabling potential purchasers to construct opulent homes and offices in accordance with their preferences.

Authorities Plot Types along the Yamuna Expressway near Jewar Airport

View Newest Updates on Plots near Jewar Airport

• Due to the increased demand for land near Jewar Airport, the Yamuna Expressway Industrial Development Authority (YEIDA) conducted a lucky draw to distribute six industrial/commercial plots in Sectors 32 and 33, each measuring at least 4,000 square metres. Before the development of the Jewar airport began, the administration claimed that there were no buyers for these lands. But as soon as the building work started, some 80 enterprises filed for these plots, and picking winners in a lucky lottery is a terrific method.
• The government gave the go-ahead for the construction of a road connecting Haryana to the future Jewar Airport in the UP district of Gautam Budh Nagar. This project, which has a budget of Rs. 2,414.67 crores and connects UP West, Mathura, and Agra, would likewise be finished in two years.
• NIA (Noida International Airport) choose ICAD Holding as its MSI (Master System Integrator) consultant in order to become India’s first “greenfield” digital airport. The NIA wants to use the government’s DigiYatra programme to implement paperless processing at all checkpoints.

Newest Updates

• In order to provide ATM (Air Traffic Management) & CNS (Communication Navigation Surveillance Systems) services at the Noida International Airport, YIAPL (Yamuna International Airport Private Limited) & the Airports Authority of India (AAI) have signed a contract. Additionally, the airport will have advanced control systems, surface movement guidance, and ATS automation systems to support decision-making by air traffic controllers and provide situational awareness.
• After receiving approval from AAI (Airports Authority of India) and the Airports Ministry, YEIDA (The Yamuna Expressway Industrial Development Authority) approved the Jewar Airport Master Plan.
• Funding arrangements using loan finance were announced by YIAPL (Yamuna International Airport Private Limited). Following project completion, YIAPL specified borrowing Rs. 3,725 crores in debt from SBI (State Bank of India), an amount that will be repaid over a 20-year period.
• A shareholder agreement for the development of the Jewar Airport was signed by the Zurich Airport & NIAL (Noida International Airport Limited). The Endeavour will be. The project will be carried out by YIAPL (Yamuna International Airport Private Limited), a division of Zurich International Airport.
• The Jewar Airport at Noida International Airport received security certification from BCAS (Bureau of Civil Aviation Security). The Jewar Airport Master Plan is still subject to regulatory clearance, which is a barrier.

The Verdict: Purchasing Land near Jewar Airport

Excellent investment opportunities exist on the plots close to Jewar Airport. Excellent connectivity and transportation options are available near the airport in places like Knowledge Park, Jewar, and the Yamuna Expressway. The commercial plots are ideal from a business standpoint, while the residential plots provide all one needs to live a pleasant life. It would be accurate to suggest that purchasing a plot now will enable you to reap big rewards later on.

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