Living in Noida and having a job that requires you to travel to other countries quite often can be a frustrating combination. The only airport of Delhi- Indira Gandhi International Airport- is an hour and a half long drive. Commuting to and fro from a distance so far is really hectic. But it would no longer be a problem.
The ministry has finally given a nod to the new international airport Jewar in Greater Noida. The plan was passed much before but it was stalled due to regulatory delays. But now the same has been resolved. The land has been occupied and the construction work for the airport will be started soon enough. This is a good news for those living in Noida and Greater Noida as well as for the real estate industry in general.
Jewar is located along Yamuna Expressway which is a 165 km long stretch connecting Greater Noida to Agra. The infrastructure around the area has already started to reach the next level and this kick-start is due to the airport announcement. The extended surroundings of Greater Noida will also witness new launch of residential and commercial properties.
Gurgaon is the perfect example of how the real estate scenario in a city changes when airports and other connectivity features come up around the area. It was on the outskirts of Delhi just like Noida. But being close to the IGI airport, a good deal of commercial development started coming up around the area and now it has become the commercial hub of NCR.
Similarly, the property in Noida is also expected to see a revival with the coming of an international airport. A number of MNCs and domestic corporations will want to set up their offices in the city since the property prices are comparatively cheaper than their equivalents in well-settled parts of Gurgaon. Currently, Noida lacks in corporate developments; coming of the airport is a major step in this direction. Slowly, the real estate sentiments will change for the better, more commercial developments will be seen and property prices would improve like never before.
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