The Noida-Greater Noida-Yamuna Expressway belt has modern infrastructure, planned growth, and good organizational structure. However, the announcement and ongoing construction of the Jewar Airport has further increased the region's potential. Increasing the value of real estate through current infrastructure is called real estate appreciation, and Plot Near Jewar Airport is expected to follow a similar path as the one we witnessed near Airport construction sites in other countries.
Why Jewar Airport is a Game Changer?
India largest Airport project
Jewar Airport is a planned multi-phase mega project that has the potential to handle millions of passengers a year. When it becomes fully operational, it will have multiple runways, several modern terminals, and up to date facilities that handle and store cargo.
The availability of such a large infrastructure will not only increase the volume of air traffic but also improve the economic output of the surrounding areas. The appreciation of land value in the vicinity of the Airport is a known and expected economic phenomenon.
Employment and Entrepreneurship Opportunities
Multiple lakhs of jobs, direct and indirect, will be generated from the Airport. There will be a large demand for hotels, hospitality, transport, warehousing, retail, aviation services, and office spaces. There will also be an increased need for residential developments in proximity to the Airport.
As more people migrate to the area for work, the value of all land, whether personal use or rental developments, will increase to a large degree.
Improvements in Transport Connectivity
Forthcoming transport infrastructure improvements will feature:
Widening the Yamuna Expressway
Proposed rapid rail systems
Metropolitan Noida Extension
Linking roads to the Delhi-Mumbai Expressway
Cargo freight corridors
These improvements will make Jewar one of the most accessible locations in North India. Land value will increase with the construction of new roads and transport accessibility.
Expansion of Industrial and Logistic Centers
Yamuna Expressway Industrial Development Authority (YEIDA) is focusing on:
- Zones for electronic goods manufacturing
- Parks for the clothing industry
- Cinemas and Film Production Cities
- Data Storage Centers
- Parks for Logistics
Commercial or mixed-use development long-term appreciation is common for land near such zones.
Why Investing in Land Near Jewar Airport is a Great Opportunity?
Price/Cost Affordability
Currently, the price of land around Jewar Airport is at a fraction of the cost of more established NCR markets, such as Noida, Ghaziabad, and Gurgaon. Being an investor in such a developing market presents an opportunity to earn monetary gains once the development and infrastructure projects are completed and fully operational.
With the expansion of Airport services, there will be an opportunity to increase operational capacity New land is available and priced at a value to be a great investment opportunity.
Control and Flexibility
Having control and flexibility over your investments is a great asset. Factors that you will need to take into consideration will be:
- Design and planning control and flexibility
- Purpose of the land (Commercial, rental, housing, etc.)
- Building sequence control and flexibility
- Architect plan control and flexibility
This flexibility is not available with ready-built properties.
Appreciation of Value/Wealth
Real estate appreciation accelerates and there are a lot of investments that appreciate. Major industrialized growing economies such as India, have experiences this in regions around Airports, as well as other major cities where new infrastructure is established and rapidly developing. These regions, Airports and cities include Hyderabad, Bengaluru, Dubai, and Istanbul.
With continuing growth and development, there is appreciation in land, and other assets are the fastest in this region with contracting growth and land development by YEIDA.
Great for Long-Term Investors
For a long-term investment horizon of 5 to 10 years, acquiring plots of land by Jewar Airport becomes more viable. The development of the Airport into a commercial and cargo transport center will lead to the building of a real estate micro-market.
Best Location for Plot Acquisition Near Jewar Airport
YEIDA Sectors (Sector 18, 20, 22D, …)
Government-planned residential and commercial plots, with proper title deed registration.
Jewar Town
Prospects of the place bode well for residential development and future potential for rentals.
Tappal Aligarh Belt
Becoming a favored zone for low-priced plots to be a target of investors.
Rabba, Kishorepur, and Nearby Villages
Early development and demand for the area seem to be on the rise.
These zones each have some of their own advantages and disadvantages with respect to the budget, purpose, and connectivity.
Factors Promoting Forthcoming Growth
Sector 21 Film City
The construction of a large film city encourages a multitude of entertainment businesses and land for residential real estate to be built, offering thousands of jobs.
Growth of International Travel
The region has potential to be a travel hotspot, with the opportunity for hotels, resorts, and store development.
Smart City Design
This area was designed with the future in mind, with planned green belts, wide roads, parks, drainage systems, and utility networks.
Increased Interest by Corporates
Enterprises focus their attention on sites with proximity to their Airports. Corporate inflow contributes to the rapid escalation of land prices.
What To Look Out For Before Buying Land Next To Jewar Airport?
Even when the region is doing so well, investors still need to do their due diligence:
- Ascertain whether the land is in the YEIDA zone of development.
- Ascertain that the plot is legally uncontested and has a clean title.
- Determine the classification of the plot (residential, industrial, commercial).
- Confirm that the land developer has the relevant authorizations.
- Request registry and mutation documents.
These measures ensure the investment is sound and appreciated.
