In the next five years, prepare yourself to make massive gains, if you have invested in any upcoming project, along Yamuna Expressway.
The second airport in the Jewar in Greater Noida is expected to be operational in the next five to six years at a whopping investment of about Rs 20,000 crore.
Expected to cater to some 30-50 million passengers per year over the next 10-15 years, the international airport that has alrady received a nod of approval from the Aviation Ministry is coming up on about 3,000 hectares of a sprawling, lush green belt. The first phase of the much-awaited project, to be developed over 1000 hectares of notified land, will undoubtedly revive the Greater Noida realty market, and be a shot in the arm of all the stakeholders there – the developers, realtors, estate agents, residents, hoteliers, retailors, you name it.
Before the Centre gave its approval to the project, developers had begun to get restless and were thinking of exiting from the project and surrendering the land back to the authority, when the glad tidings came, and the present sentiment is bullish among builders, to say the least.
The proposed airport project in Jewar along the 165 km stretch of Yamuna Expressway has revived builders’ interest in undertaking realty projects and overhaul the formerly stuck projects in the region. Homebuyers and investors are also bidding their time and are hopeful that the airport will lift business development activities in the region and create more jobs for the unemployed youth in the catchment area. Presently, there is a gold rush and investors are scampering to purchase property along the expressway.
Those looking at making a killing with the new investment opportunities in UP’s Jewar have another reason to cheer. The second airport in the national capital region (NCR) would also Metro line connectivity, the state government announced, recently. Spreading good cheer among the builders and investors alike, the Yogi government has announced to the Centre that it would extend the Greater Noida Metro Line in Pari Chowk to the airport project site at Jewar.
The airport work has been assigned to the Yamuna Expressway Industrial Development Authority (YEIDA) for which the state has agreed to allocate Rs 4,000 crore to YEIDA for the first phase construction work.
If you are unable to decide which project to invest in at Yamuna Expressway, Investor Clinic has a plethora of investment opportunities to choose from among the two-dozen odd builder projects that are in various stages of completion along Yamuna Expressway. In our vast portfolio of residential, commercial and retail projects, we would have a project that exactly matches your investment needs, business and lifestyle requirements.
In 1986, the Indira Gandhi International Airport (IGIA) had a catalytic impact on Delhi’s economy. The same impact can be expected in the NCR.
Land price: Property prices shot up 10 times in 10 years, after IGIA.
Job creation: 0.5% contribution to national employment –direct and indirect
Infrastructure: Work on Kundli-Ghaziabad-Palwal and Palwal-Khurja Expressway, Bodaki Railway, Heliport and Orbital Rail Corridor is on.
Industrialization: Nearly 650 acres of land earmarked for new SEZs, a dedicated freight corridor, and DMIC infrastructure cleared.
Tourism: Many Five-Star Hotels to come up around the Greater NOIDA airport. State-of-the-art night safari proposed.
Metro-Link: To be extended to Jewar.
All-round Prosperity: 0.5% contribution to GDP with the setting-up of new commercial establishments by multi-national companies.