In the next five years, prepare yourself to make massive gains, if you have invested in any upcoming project, along Yamuna Expressway.
The second airport in the Jewar in Greater Noida is expected to be operational in the next five to six years at a whopping investment of about Rs 20,000 crore.
Expected to cater to some 30-50 million passengers per year over the next 10-15 years, the international airport that has alrady received a nod of approval from the Aviation Ministry is coming up on about 3,000 hectares of a sprawling, lush green belt. The first phase of the much-awaited project, to be developed over 1000 hectares of notified land, will undoubtedly revive the Greater Noida realty market, and be a shot in the arm of all the stakeholders there – the developers, realtors, estate agents, residents, hoteliers, retailors, you name it.
Before the Centre gave its approval to the project, developers had begun to get restless and were thinking of exiting from the project and surrendering the land back to the authority, when the glad tidings came, and the present sentiment is bullish among builders, to say the least.