Noida Airport
The form of real estate market on the banks of Yamuna Expressway is changing rapidly. Property prices in this area are skyrocketing. Since Jewar Airport has been announced. Ever since the prices of property have been increased by 2 to 3 times. Prime Minister Narendra Modi laid the foundation stone of Noida International Airport (Jewar Airport) on 25 November 2021, after which there was a flood of commercial and housing projects on both sides of the Yamuna Expressway. The International Airport is now ready for inauguration on 30 October and commercial flights will start within 45 days. Due to Jewar Airport, the entire region has been made the center of investment and development. Real estate experts believe that this airport project will prove to be a major change for the property market of the entire NCR. Let us also tell you what kind of changes have been seen in the property market in Greater Noida and Yamuna Expressway due to Jewar Airport.
“Emerging” Yamuna Expressway Corridor
Gaurs Group CMD Manoj Gaur said in a report of Financial Express that the Yamuna Expressway Corridor is one of India’s most promising investment landscape. Noida International Airport will start soon. Large institutional projects like Film City, Technology Park and Logistics Hub are also working very fast. Due to all this, there has been a very tremendous jump in the property market of this area. Gaur said that the biggest feature of this growth story is to work on the connectivity and strong longer infra.
Prices of land increased by three times
Sahil Aggarwal, CEO of Nimbus Realty, said in FE report that Yamuna Expressway Corridor has emerged as one of the fastest growing real estate destinations in NCR, where land prices have almost doubled or tripled in the last three years. He also informed that about 390 acres of land was purchased for Rs 2,340 crore last year, which reflects the increasing confidence of investors. According to Aggarwal, this boom is due to the major infe growth. Which includes the newly approved 30 km expressway connecting the upcoming Noida International Airport and Pushta Road to Noida-Greater Noida Expressway and Yamuna Expressway. He further stated that this elevated stretch, which runs parallel to the Yamuna River, will reduce travel time and increase the charm of the corridor for both investors and end users.
Airport prices increase due to airport
Home and Sol Chairman Sakshi Katial also commented on the boom in real estate in the media report, saying that land prices on Yamuna Expressway Corridor have almost doubled or tripled in the last three years, due to the upcoming Noida International Airport. He believes that the confidence of the people in this area has been strengthened by the approval of the 30 km long new expressway to increase road connectivity in Delhi-NCR. He said that this new corridor connecting Paarell and Pushta Road of the existing Noida-Greater Noida Expressway on the banks of Yamuna River with both Yamuna and Noida-Greater Noida Expressway will increase the trust of investors.
Big impact, big expectations
It is clear that the Jewar Airport Project is proving to be a major change not only for an airport, but also for the entire Yamuna Expressway Corridor. Experts believe that land and property prices have already increased by 2-3 times, and more big deals are expected in future. Now the question is that after the opening of the airport and improving connectivity, will the Yamuna Expressway become India’s new Global Real Estate Center?