The newly inaugurated Jewar International Airport in Noida will boost real estate development in the NCR, mainly projects in Noida, Greater Noida, and the FNG Expressway. These areas are already establishing themselves as real estate hotspots, and the new Airport will connect present potential to the worldwide market. The real estate analysts believe that the international Airport will significantly boost the region’s economy, drawing investors with the potential to convert nearby areas. Laying the foundation stone for Asia’s largest Airport, International Airport at Jewar, Noida would mark the beginning of a new era in India’s thriving design and implementation of key infrastructure projects with a strong multiplier effect on the economy. The new International Airport will help with residential, commercial, and hospitality activities. Halfway between Delhi, Gurgaon, and Noida/Greater Noida, Faridabad would profit the most.
Mainly talking about Faridabad, the city will be connected to Noida International Airport by a highway from the under-construction Delhi-Mumbai Expressway, decreasing travel time to less than 30 minutes – the time necessary to reach IGIA, Delhi. Hence, the city would be accessible to two international airports. Furthermore, unlike the Yamuna Expressway, where the Airport will be built, Faridabad already has a micro-market. As a result, the former has a better chance of increasing value than the latter.In Noida and Greater Noida, the sectors near the Airport will have a high rise in property prices because of the connectivity. However, in addition to the Airport, other infrastructure projects in the surrounding areas, such as IT parks, industrial corridors, film city and more are expected to boost the real estate market during the next decade.
So, if you plan to buy a property in NCR, it would be best to consider the properties in Noida and Greater Noida available near the new Airport as they expect high ROIs these days. Moreover, the region’s wealth of open land parcels and pre-existing infrastructure offers real estate developers and investors a variety of opportunities. Thus, opening a new window to world-class buildings and apartments for you.