Should You Invest In Property Near Jewar?Īs the Jewar International Airport become operational by 2024, industry experts expect things to slowly start looking up for Noida’s real estate market that has been under tremendous stress for about seven years now because of an ongoing slowdown locally after the ground-breaking ceremony for the national capital region’s second airport, which would also be the country’s biggest airport by size, takes place. Located 72 kms from the IGI airport, the Noida International Airport will also provide Uttar Pradesh the distinction of being the only state in India to have five international airports while also generating over ‘one lakh’ jobs for the adjoining regions. Apart from providing a boost to the local economy (the airport is expected to yield investments worth Rs 10,000 crores for adjoining areas in the initial years) and generating employment opportunities for millions of people, the Jewar Airport will also create an intricate connectivity network within the region - metro networks and road projects have been proposed, to make the airport more accessible to the people of the NCR. Planned to decongest the Indira Gandhi International Airport in national capital Delhi, the Jewar Airport will also help UP in a variety of ways. Zurich Airport International AG, the developer of the Jewar Airport, is eyeing September 30, 2024, as the deadline for completion of work for phase-1.īeing developed at an estimated cost of Rs 15,754 crores by the Swiss company, the Jewar Airport will be developed in four phases and will have the capacity to handle 70 million passengers per annum when it is fully developed. If all goes according to plan, operations on phase-1 of the airport project could start by 2024. PM Modi Lays Foundation Stone Of Jewar AirportĬonstruction work on the Jewar Airport would finally start, as prime minister Narendra Modi, on November 25, 2021, laid the foundation stone of the much-touted airport project in Greater Noida area of Uttar Pradesh. We shall deploy the latest technologies in its construction while meeting the highest standards of quality, safety, and sustainability,” said Vinayak Pai, CEO and MD designate, Tata Projects Limited. Tata Projects will work closely with YIAPL to deliver India’s most advanced and environment-friendly airport on time.
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While work on the airport in Ayodhya is in full swing and air services are expected to start early next year, the fifth international airport is to come up at Jewar near Noida in the National Capital Region (NCR).“We are proud to be entrusted the EPC works for the greenfield Noida International Airport at Jewar. This year on October 20, PM Modi inaugurated the third international airport at Kushinagar.
Till 2012, there were only 2 international airports – Lucknow and Varanasi. “With the groundbreaking and foundation laying ceremony of the Noida International Airport scheduled on November 25, the state is now on its way to have five international airports – the highest for any state in India,” the BJP-led state government said in a statement. The operational airports handling commercial flights in Uttar Pradesh are Lucknow, Varanasi, Kushinagar, Gorakhpur, Agra, Kanpur, Prayagraj and Hindon (Ghaziabad). At present, UP has eight operational airports, while 13 airports and seven airstrips are being developed. With this, Uttar Pradesh will become the only state in India with the highest number of international airports. UP Only State in India With 5 International Airports Distance: Yamuna Expressway – 700 meters from the project site.It will bring new opportunities for numerous enterprises, and also create tremendous employment opportunities,.As claimed by the government, the airport will play a crucial role in helping the region attract huge investments, boost rapid industrial growth, and enable the reach of local products to national and international markets.The airport is strategically located and will serve the people of cities including Delhi, Noida, Ghaziabad, Aligarh, Agra, Faridabad and neighbouring areas.Total area – Around 5100 Hectare Length – 6.5 Km, Width – 4.75 Km.Key details about Noida International Airport
Inspired by the green landscapes of UP, local ancient architecture and the rich colours of Indian culture, the airport is a key infrastructure project of the Yogi Adityanath government in the state, where the next assembly elections are expected in early 2022.
(Picture Courtesy: Noida International Airport)
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