Mr Amit Goyal, CEO, India Sotheby’s International Realty
Honorable Prime Minister laying the foundation signals a deeper commitment to the timely completion of Jhewar airport. This is a big plus for the commercial and residential real estate in Noida, Greater Noida and Taj Expressway. The new upcoming airport changes the dynamics of NCR real estate, bringing the Noida Region, at par with Gurugram. Current land prices, apartments and office rentals in the region are far lower than Gurguram, and if the timelines of delivering the airport comes through as per schedule, we believe the gap will narrow substantially. In anticipation, the rates will start moving as well
Besides airports, other infrastructure initiatives underway in the nearby areas like IT parks, industrial corridors, film city and so on are expected to drive the real estate market over the next decade. Abundant availability of land parcels and already developed infrastructure offer several opportunities for real estate developers and investors to come up with projects in the area.
Spokesperson: Subhankar Mitra, Managing Director, Advisory Services, Colliers India
Quote: “Jewar airport is going to be beneficial for the tourist circuit of Agra and Mathura. Tourists don’t have to travel and stay in Delhi for the same. There is a big potential for a multimodal logistics hub between Greater Noida and Jewar, the airport is going to augment that. Going forward it will create jobs and demand for affordable housing will get a boost”
Spokesperson: Shyam Arumugam, Managing Director, Industrial & Logistics Services (India), Colliers.
"The Jewar Airport is strategically located and its development at such rapid pace shall augment the growth of logistics sector. The sector will become an early benefactor given that Yamuna expressway, western periphery expressway and Delhi Mumbai expressway are all proposed to be connected to the airport. This will give UP a big growth stimulus in the near future”.
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