Poised to Take Off
Property Expert English|September - October 2016

With Jewar Airport all set to become a reality in future, there are big hopes for the revival of real estate markets in Noida Expressway, Greater Noida, Yamuna Expressway, Ghaziabad, and even Agra.

Team Property Expert

The proposed Jewar International Airport has gone another step ahead in becoming a reality as it recently received a No Objection Certificate (NOC) from the Ministry of Defence. This development holds great significance as now there is clarity over this chapter that has been much talked about for several years. History has been a witness to how infrastructure and connectivity help a region to grow and perform in all possible avenues. And once the infrastructural development gains momentum in a region, its real estate potential grows. Gurgaon’s case study is a clear example of how presence of an Airport transformed its realty sector completely. Similarly, the upcoming Jewar Airport is expected to multiply the region’s growth in the long run. Furthermore, once the work will commence, we will witness the emergence of corporate and commercial sectors in the NCR region.

“This project will revive the realty sector across various regions in NCR that are being hit adversely due to negative sentiments and slowdown in the market. The primary boost will be received by the markets of Noida-Greater Noida, Yamuna Expressway, Ghaziabad, and even Agra. At present, these markets are receiving moderate views from the public and due to the distance from the capital, it is hard to attract the customers. Once the airport here gets going, these regions will get the right fuel to ignite growth in demand”, elucidates Manoj Gaur, President CREDAI-NCR & MD, Gaursons India Ltd.

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