Delhi Airport, located in India, experiences significant overcrowding and congestion due to the country’s rapidly growing aviation market. To address this issue, the Indian Government has initiated the development of a second air hub called the Jewar Airport, also known as Noida International Airport.
Situated in Jewar, Gautam Buddh Nagar along the Yamuna Expressway, this ambitious project is expected to stimulate infrastructure growth and increase demand for residential and commercial properties near the airport. If you are considering investing in real estate in this area or its vicinity, read on for a comprehensive analysis.
Latest Updates on Jewar Airport (Noida Airport) The Union Minister of Road Transport and Highway, Nitin Gadkari, recently announced a new update regarding the Jewar Airport project. The government plans to construct a 32 km long road connecting Indira Gandhi International (IGI) Airport and the under-construction Noida Airport. This road will also link to the Delhi-Mumbai expressway and is estimated to cost approximately Rs 3000 crore. The completion of this six-lane road is scheduled for June 2025. Besides decongesting the existing roads leading to IGI Airport, the road will play a crucial role in transforming Jewar Airport into a major international airport. It will also contribute to the overall infrastructure development of the region and attract further investments.
Implementation of Passenger Processing System at Noida Airport In May 2023, the Uttar Pradesh government announced a partnership between Noida International Airport Ltd and Amadeus, a global travel technology firm, to implement an advanced passenger processing system. Once implemented, this system will ensure a seamless boarding experience for passengers. Amadeus will be responsible for designing, commissioning, operating, and maintaining the entire cloud-based processing system. It will facilitate smooth check-in, boarding, baggage reconciliation, and biometric scanning through DigiYatra.
Aero City Development near Noida International Airport As per the details provided by the Uttar Pradesh government, a dedicated Aero City will be established near the main terminal of Noida International Airport, similar to the setups at Delhi Airport and Hyderabad terminal. With the addition of Aero City, Jewar Airport will become the largest airport in India upon completion. Spread across 172 acres, the Aero City will offer lodging, dining, shopping, and other recreational facilities. The first phase of Aero City’s development is expected to be completed by December 2024, providing operational hotels and other amenities. The Uttar Pradesh government plans to offer concessions for commercial spaces within the Aero City campus.
Metro Connectivity Plan for Jewar Airport The Delhi Metro Rail Corporation (DMRC) recently submitted a proposal to the Yamuna Authority for a direct metro link between Greater Noida and New Delhi Railway Station. This proposed metro line would stretch over 37 km and aims to connect the Delhi International Airport with Greater Noida. Additionally, there are plans for a separate metro line connecting Knowledge Park Metro Station to the New Delhi Metro Station. The Detailed Project Report (DPR) for this line has already been prepared by the DMRC. Once operational, this metro network will facilitate convenient travel between Jewar Airport, New Delhi International Airport, and other key locations.
Why Invest in Plots near Jewar Airport? Before making any real estate investment, it is crucial to conduct thorough research on various factors such as connectivity, pricing, and social infrastructure of the location. Here are some benefits of investing in plots near Jewar Airport:
- Connectivity: The Yamuna Expressway offers an Intelligent Transport System, ensuring safe and convenient travel between Greater Noida and Agra. This expressway connects Agra Ring Road to the Noida-Greater Noida Expressway and will eventually link to major towns in Haryana and Uttar.
- Uttar Pradesh. The planned road connecting Indira Gandhi International Airport and Jewar Airport will further enhance connectivity, making it easier for travelers to access both airports. Additionally, the proposed metro lines will provide efficient transportation options, benefiting not only airport passengers but also residents and investors in the surrounding areas.
- Economic Growth: Jewar Airport is expected to boost economic growth in the region. As a major international airport, it will attract businesses, create job opportunities, and contribute to the development of supporting industries such as hospitality, logistics, and tourism. This growth is likely to drive property values in the vicinity of the airport, making it a potentially lucrative investment opportunity.
- Infrastructural Development: The development of Jewar Airport is accompanied by significant infrastructural improvements. The construction of a dedicated Aero City near the airport will provide amenities and facilities catering to the needs of travelers, including hotels, restaurants, and shopping centers. These developments will enhance the overall livability and desirability of the area, making it an attractive location for real estate investment.
-
- Appreciation Potential: Investing in plots near Jewar Airport has the potential for significant appreciation in property value over time. As the airport becomes fully operational and the surrounding infrastructure develops, demand for residential and commercial properties in the area is likely to increase. This surge in demand can lead to appreciation in property prices, benefiting investors in the long run.
- Future Growth Potential: Jewar Airport is envisioned as a major aviation hub and is expected to handle a substantial volume of domestic and international air traffic. With its strategic location near Delhi and the National Capital Region, the airport has the potential to attract both domestic and foreign airlines, further stimulating economic growth and investment in the area. Investing in plots near Jewar Airport positions investors to benefit from the future growth potential of the airport and its associated developments.