Benefits of buying plot near Jewar Airport

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India is one of the aviation markets with the fastest growth rates in the world, so Delhi Airport has its fair share of crowding and congestion. The Government of India proposes to develop the Jewar Airport as a second air hub for New Delhi to address this issue.

This massive project, formerly known as Noida International Airport, is located near Jewar, Gautam Buddh Nagar, along the Yamuna Expressway. Due to the project's massive scale, there should be a rise in demand for infrastructural development as well as residential and commercial plots near Jewar Airport. If you're considering investing in real estate in this or a nearby neighbourhood, scroll down for a detailed analysis.

Looking for Land Near Jewar Airport?

Be sure to carry out extensive research before purchasing commercial or residential real estate. After learning about the location's benefits for cost, social infrastructure, and connectivity, make your choice. The following is a list of benefits associated with owning a site near Jewar Airport.

Connectivity 

When traveling between Greater Noida and Agra, travelers can expect the utmost in safety, security, and convenience thanks to the Yamuna Expressway, which has an Intelligent Transport System.

The Yamuna Expressway connects the Noida-Greater Noida Expressway with the Agra Ring Road. It will soon unite with other key cities like Meerut, Hapur, and Ghaziabad in Uttar Pradesh and Gurgaon, Sonipat, Rohtak, and Manesar in Haryana.

Travel times and distances would be reduced by the Yamuna Expressway, which connects cities like Lucknow, Gwalior, and Kanpur.

Infrastructure, social and physical

Situated near Gautam Buddha University, Jewar, a well-liked residential area on the Yamuna Expressway, enhances the local community.

The Taj Mahal would be easier for tourists from other nations to get via the Agra Expressway with the opening of Jewar Airport.

The Yamuna Expressway is home to India's first and only Formula 1 Circuit. Tennis courts, cricket stadiums, and multipurpose stadiums are among the numerous sporting facilities that are planned.

The projected Delhi-Mumbai Industrial Corridor, which would enhance the Yamuna Expressway's logistics, warehousing centers, and special development zones, will include Dadra in manufacturing, logistics, and more.

Along the Yamuna Expressway, close to the Jewar airport, about ten large companies from the USA, Japan, Korea, etc. are setting up industrial complexes.

To construct an information technology cluster, the Yamuna Expressway Industrial Development Authority (YEIDA) has recommended investing about Rs. 15 crores.

Apartments close to the airport in Jewar

Homeowners are looking for larger properties—large enough to accommodate a home office—after the outbreak. Apartments remain the most popular type of real estate investment, with residential plots coming in close second. Significant infrastructural developments in areas such as Jewar are garnering attention and helping buyers and investors make informed decisions. Due to expectations of sharply rising land prices, more and more people are increasingly purchasing residential plots near Jewar Airport.

According to the graph, residential plots near Jewar Airport typically cost Rs. 28,193 per square yard in April through June of 2022. From Q1 2022 to Q2 2022, these prices increased by 34%. Plots for residential use near Jewar Airport are now available for Rs. 28,193 per square yard, which is an increase from Rs. 15,533 during the April–June 2021 period (in Apr-Jun 2022).

For sale are plots near Jewar Airport.

Over the past few years, there has been a rise in demand for commercial properties and plots in Noida/Greater Noida. These days, people think about commercial investments in terms of capital growth and rental income. The large-scale Jewar Airport project is crucial in attracting many individuals to invest in businesses, which raises the demand for office buildings and plots in the surrounding area.

According to the graph, commercial properties near Jewar Airport typically cost Rs. 20,524 per square yard in April through June of 2022. There was a 64% increase in these costs between Q1 and Q2 of 2022. However, the average cost of commercial land dropped significantly from Rs. 1,15,981 in April to June 2022 to Rs. 28,193 per square yard (in April-June 2022) if we compare it to the prices from January to September of the previous year.

Yamuna Authority owns properties near the airport. Authority plots are a type of business and residential site located near Jewar on the Yamuna Expressway in Greater Noida. Potential buyers can build luxurious houses and offices in any way they like thanks to the many site configurations that are available.

See the Most Recent Plot Updates near Jewar Airport

• The Yamuna Expressway Industrial Development Authority (YEIDA) held a lucky draw to allocate six industrial/commercial plots in Sectors 32 and 33, each measuring at least 4,000 square meters, in response to the rising demand for land near Jewar Airport. The administration stated that no one was interested in purchasing these properties prior to the start of the Jewar airport's construction. However, almost eighty businesses applied for these plots as soon as construction began, and selecting winners through a fortunate lottery is an excellent strategy.
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• The government approved the building of a road that will link Haryana to the upcoming Jewar Airport in the Gautam Budh Nagar, Uttar Pradesh, area. This project, which has a budget of Rs. 2,414.67 crores and connects UP West, Mathura, and Agra, will also be accomplished in two years.
   
•  The NIA seeks to introduce paperless processing at all checkpoints by utilizing the government's DigiYatra scheme.

Most recent updates

• YIAPL (Yamuna International Airport Private Limited) & the Airports Authority of India (AAI) have inked a contract to offer ATM (Air Traffic Management) & CNS (Communication Navigation Surveillance Systems) services at the Noida International Airport. 
• The airport will also feature automated traffic signal systems (ATS), surface movement guidance, and advanced control technologies to aid in air traffic controller decision-making and situational awareness.
• The Jewar Airport Master Plan was approved by YEIDA (The Yamuna Expressway Industrial Development Authority) following permission from the Airports Ministry and AAI (Airports Authority of India).
• YIAPL (Yamuna International Airport Private Limited) announced financing arrangements made possible by loan financing. After the project is finished, YIAPL plans to borrow Rs. 3,725 crores from State Bank of India (SBI), which will be paid back over a 20-year period.
• Zurich Airport and NIAL (Noida International Airport Limited) inked a shareholder agreement for the development of the Jewar Airport. The endeavor is going to be. YIAPL (Yamuna International Airport Private Limited), a branch of Zurich International Airport, will oversee the project.
• The Bureau of Civil Aviation Security (BCAS) certified the security of the Jewar Airport at Noida International Airport. One obstacle is that the Jewar Airport Master Plan is still awaiting regulatory certification.

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