Due to the upcoming Noida International Airport (likely to be called the Jewar Airport), the nearby area has become one of the most attractive real estate regions of the country. Plot Near Jewar Airport is surrounded by more than 20 real estate developers and offers an opportunity to learn about area development, understand economic growth and learn about defining trends.
Jewar Airport A Mega Project
Unlike other physical infrastructure, Jewar Airport is meant to be anicon of development as it will be one of the largest Airports in the country. It will have a multi-phased development plan and on completion, is expected to service millions of passengers a year and will become a north Indian aviation hub.
The impact of the project has started in the construction of the new Airport, and will keep growing in the surrounding areas. Authorities will construct new roads, new expressways, and new metro lines improving the surrounding areas. These areas will become very valuable in the future.
New Economic Zone Under Construction
The construction of the new Economic Zone surrounding the Airport is why the land surrounding the Airport is very valuable. Authorities are building new Logistics Centers, new Commercial Centers, and new Industrial centers to support the new Airport.
The Logistics Zone will have:
- Warehouses, and other Logistics facilities to support the movement of Cargo
- Business and IT parks to support the growing companies in the area
- New Industries to support the new Economic Zone
- New Hospitality Centers to support the New commercial zone
This will create a lot of new Jobs and attract new companies to the area. Over time, the land and surrounding area will become very valuable.
Construction of New Roads
The Jewar area already has a lot of connections. Many new roads, Expressways, and Highways are currently planned, or already built in the area. This gives Jewar a lot of valuable connections to other major area's in the country.
This includes:
- The Yamuna Expressway connecting Agra and Greater Noida.
- The Eastern Peripheral Expressway, which enhances access to the area.
- The Delhi-Mumbai Expressway, which is likely to integrate.
- The planned metro line extensions to Noida and Greater Noida.
Due to this powerful network, the land surrounding the Jewar Airport is expected to be in demand for transport, logistics, and housing in the coming years.
Growing Interest in Housing
With new industries, offices, and businesses starting up in the area, there is a growing demand for housing. Therefore, many landowners, new investors, and families are looking to establish residential townships just outside the Jewar Airport.
Forecasted advantages of this residential growth are:
- Compared to the central city, there are more open, green spaces.
- Low density and more well-planned communities.
- New modern township and smart-city activities.
- More affordable than larger metro areas.
Given that numerous educational institutions, hospitals, and shopping areas are likely to be developed in this region, the prospects for a well-planned community are promising.
Commercial and Retail Opportunities
Beyond the expected residential growth, significant commercial development is also planned for the area surrounding the Airport. The area is expected to have a variety of office spaces, shopping, and entertainment, making this region a fully developed urban center.
Factors that contribute to commercial expansion are as follows:
- Projected high future footfall determinants due to the Airport’s functioning.
- Increasing workforce in the logistics and industrial areas.
- Growing expressway and highway congestion.
- Businesses targeting strategic outlets in locations outside primary metropolitan areas.
Demand for developed land will continue to grow as these amenities are constructed. Particularly in land parcels that can accommodate stores, offices, and commercial complex structures.
Development Planning Initiated by the Government
Another reason that gives plots around Jewar Airport an increasing trend is the solid government presence. The region is governed by a number of development authorities that are in the process of preparing and executing long-term plans for urban infrastructure.
Some of these are:
Wider and better-maintained road networks.
Improvements in sewerage, water supply, and electricity services.
Enhanced public transport.
Environmentally and sustainable construction of public facilities.
Smart public infrastructures having a vision for future sustainable growth.
Systematic development of these characteristics increases land demand and helps to build important investor trust.
Employment Opportunities and Industrial Corridors
Much of the transformation around Jewar Airport is the result of the new industrial zones being created in the area. These comprise food processing zones, textile parks, and facilities for electronics manufacturing, among others.
- Employment opportunities
- Vendors, suppliers, and supporting businesses
- New families relocating to the area
- Demand for new commercial and residential buildings
This is one of the main reasons the potential for the land around Jewar Airport is for new industrial growth.
The Vision of a Modern City for the Future
Jewar and the neighbouring district share the same spatial vision of the most modern cities of the world: clean, orderly, and built for the future. Urban designers and planners are preparing the area to accommodate growth while designing for the preservation of the environment.
Some of the features to be incorporated in the future include:
- Planned as a smart city
- Green belts and eco-parks
- Digital connectivity
- Public amenities to cater to high density
- Well developed roads and transport
This is why the area around Jewar Airport is considered to hold significant long-term potential.
Growing Interest and Anticipation
Airport development and progress in the nearby area is generating interest across a wide range of the population, including professionals and business people. This interest is a result of new media publications, government statements, and forecasts of growth.
Real estate investement patterns may look overly complicated and are mostly done by professionals. However, It is certainly beneficial to study strategies and tactics to understand the patterns by which towns and cities develop, and by which infrastructure sustains the development and impacts daily life.