The upcoming Jewar International Airport has embarked on a journey to transform the real estate scenario of Greater Noida. This mammoth project has set the foundation of a futuristic Noida with world-class infrastructure. As Noida aims to create its unique identity, Jewar Airport has added topping to its prolonged ambitions.
Noida International Airport, or Jewar Airport, has initiated the process of reshaping and elevating the economic and social dynamics of the NCR. Its strategic location outside Delhi has transformed it into a hub for new opportunities. The rise of residential projects near Jewar Airport has justified the development of Noida as a top-notch destination in Delhi NCR.
Similar to the existing IGI airport in Delhi, the upcoming Jewar International Airport, on the Noida-Greater Noida-Yamuna Expressway, has tremendously impacted the regional economy of Delhi NCR. Here, in this article, we’ll see how Jewar Airport is influencing the real estate market of Noida.
Impacts of Jewar Airport on Noida
Airports are gateways to economic growth, attracting businesses, investors, and tourists alike; they drive demand for various types of real estate constructions, including residential, commercial, and hospitality properties. The Jewar Airport will have a significant impact on the real estate sector in the Delhi NCR.
With Noida being a rising beacon of real estate investments, the airport will act as a catalyst for remarkable development in every domain, whether structurally or economically. Let’s see the various impacts of Jewar Airport on Noida’s economy.
- Direct Employment Opportunities at the Airport
The airport will create significant direct job opportunities in the region once fully operational. Positions such as air traffic management, security, ground staff, technical maintenance, and various other employment opportunities will be the direct result of Jewar Airport. The influx of direct employment opportunities at the airport will give a thrust to the local economy of Delhi NCR.
- Indirect Employment Opportunities in Associated Sectors
The development of Jewar Airport will create a ripple effect on the regional economy, generating indirect employment opportunities in associated sectors. Industries such as transportation, logistics, retail, hospitality, construction, and even real estate will grow exponentially. This will result in a multiplier effect on employment generation for a wide range of skill sets and thus will contribute to the overall economic revamp of the region.
- Boost to Tourism and Hospitality Industry
Tourism is an added aspect of the airport. Jewar Airport will bloom tourism in the NCR. With improved infrastructure, such as better connectivity and increased capacity for air transport, the number of domestic and international tourists will increase, and so will the demand for hotels, resorts, restaurants, and other related establishments.
The introduction of Jewar Airport will lead to the development of tourism infrastructure, such as cultural centres, theme parks, and entertainment complexes in the region. Moreover, many prominent real estate developers are betting on the most pocket-friendly plots near Jewar Airport to develop Noida into an elite tourist spot.
- Foreign Investment
India is a fast-developing nation and is grabbing the attention of many big companies across the globe. With Noida in the spotlight, the airport will play a key role in attracting foreign investment, which will thrust the regional economy positively. The presence of Jewar Airport will make the NCR region more attractive to foreign investors.
As Jewar Airport in Noida will be a shining example of a world-class facility, it will serve as a gateway for international businesses and investors, facilitating trade and commerce. In addition, the easy movement of transport and improved connectivity will encourage multinational corporations to establish their manufacturing facilities in the region, leading to more employment opportunities. This will boost the regional economy of Delhi NCR.
- Property Value Appreciation and Rental Demand
The establishment of an airport at a location has a remarkable impact on the local real estate industry. Jewar International Airport would be no less of a miracle when it comes to increased property prices and rental demand in Noida. Those who want to invest in new apartments in Yamuna Expressway may find an incredible price rise because of the Jewar Airport.
The surge in demand for residential and commercial properties around Jewar will drive up property prices and bring lucrative opportunities to real estate developers. The rental market will also witness an increase as businesses, employees, and tourists seek accommodation near the airport.
Impact of Jewar Airport on Infrastructure Development
As we have already studied the impact of Jewar Airport on Noida’s economy, it’s time to understand the airport’s impact on regional infrastructure development.
Social Infrastructure
As Noida is evolving into an elite technological hub, the development of Jewar Airport will uplift the social infrastructure, too. This development will cater to the needs of the growing population.
- Schools, Colleges, and Educational Institutions
As Delhi NCR is going through an extraordinary development, more families have shown interest in settling in the region. This will increase the demand for quality educational institutions such as schools, colleges, and educational facilities. Quality education facilities in the region will enhance the overall liveability of the area.
- Healthcare Facilities and Hospitals
The development of an airport will drive the need for improved healthcare facilities and hospitals in the region. The population growth, tourism influx, and the ease of doing business will necessitate the demand for exceptional healthcare services. Healthcare infrastructure such as medical centres, clinics, hospitals, and specialised healthcare facilities will ensure the well-being and healthcare needs of the surrounding population.
Civic Amenities and Urban Development
The Jewar Airport project represents comprehensive urban development and the provision of several civic amenities.
- Water Supply and Sewage Systems
The airport will bring subsequent population growth once it is functional. Water supply and supply systems will be readily available. Adequate infrastructure near Jewar Airport will ensure a sustainable water supply and efficient wastewater management for everyone in and around the area.
- Electricity and Power Infrastructure
The development of Jewar Airport in Delhi NCR will ensure reliable and efficient electricity and power infrastructure. The airport, commercial buildings, and residential areas need a stable power supply to meet their power needs. Smart grid systems and renewable energy sources will be vital in supporting the airport’s sustainability goals.
- Parks, Recreational Areas, and Green Spaces
It is important to develop recreational areas, parks, sports facilities and green spaces to enhance the liveability and quality of life around the airport. These are the basic requirements of residential real estate. People need a space to relax and enjoy their “Me” time, where these recreational parks may play a better role. Apart from providing a space to enjoy leisure activities, these areas promote community engagement and contribute to improving the overall well-being of the residents and creating a sustainable and harmonious environment.
Final Words
Jewar Airport is coming with a whole lot of fantastic opportunities to grow and prosper along a promising area in Delhi NCR. With its strategic location on the Yamuna Expressway, Jewar Airport would be a perfect destination to explore and experience the world-class living facilities and infrastructure. Whether you want affordable empty plots near Jewar Airport or wish to purchase new apartments in Yamuna Expressway, Jewar's locality must be your top priority.
