Jewar Airport, also known as the Noida International Greenfield Airport, is an upcoming airport project in Uttar Pradesh, India. It is intended to serve as a major international airport for the National Capital Region (NCR) and will be located in Jewar, a town in the Gautam Buddha Nagar district of Uttar Pradesh.
Here are some key details about Jewar Airport:
- Project Overview: Jewar Airport is being developed as a Greenfield airport, meaning it is being built from scratch on undeveloped land. It is considered to be one of the flagship infrastructure projects in the state of Uttar Pradesh and has been envisioned as a significant driver of economic growth and development in the region.
- Location: Jewar Airport will be situated approximately 72 kilometers (45 miles) from the existing Indira Gandhi International Airport in Delhi. The chosen location is well-connected to various parts of the NCR through existing road networks, including the Yamuna Expressway.
- Infrastructure: The airport is expected to have two runways, initially, with the potential to expand to six runways in the future. It will feature state-of-the-art facilities, including passenger terminals, cargo handling facilities, and aircraft maintenance units. The overall design and infrastructure aim to accommodate a large number of passengers and handle a substantial volume of air traffic.
- Capacity and Operations: Jewar Airport is planned to be a major aviation hub and is expected to handle around 70 million passengers annually once fully operational. It will cater to both domestic and international flights, providing connectivity to various destinations across the globe. The airport is anticipated to reduce the burden on the existing Delhi airport and offer more convenience to travelers in the NCR.
- Economic Impact: The construction and operation of Jewar Airport are expected to have a significant positive impact on the regional and national economy. It is estimated to create numerous job opportunities, boost tourism, attract investments, and stimulate ancillary industries. The airport’s development is seen as a strategic move to enhance India’s aviation infrastructure and support economic growth.
Jewar Airport is poised to become a significant landmark in the region, offering improved air connectivity, promoting tourism and trade, and contributing to overall economic development.
Why invest in Jewar
Connectivity
New Jewar International Airport, the Rapid Rail Transit System (RRTS), the continually growing Metro network and bettering roads has increased the demand for commercial and residential properties due to the expanding number of businesses in Delhi-NCR. Investors are cashing in on the opportunity to profit from the rising demand, given the area’s inter-city and intra city connectivity.
In addition, the Yamuna Expressway connects Agra Ring Road to the Noida-Greater Noida Expressway. It will soon merge with other major towns like Gurgaon, Sonipat, Rohtak and Manesar in Haryana and Meerut, Hapur and Ghaziabad in Uttar Pradesh. Yamuna Expressway will also join cities such as Lucknow, Gwalior and Kanpur, reducing the travel time and distance.
Social & Economic Infrastructure
The Gautam Buddha University is located near Jewar on the Yamuna Expressway. Yamuna Expressway also boasts India’s first and only Formula 1 Circuit. Other sports amenities like a cricket stadium, tennis court and a multi-purpose stadium are also on the anvil.
The upcoming Delhi- Mumbai Industrial Corridor will pass through Dadri, enhancing Logistics, Warehousing Hubs and Special Development Zones along the Yamuna Expressway. Many foreign companies are setting up manufacturing plants near Jewar international airport. YEIDA’s proposed IT hub too will come up in this region enhancing economic and job environment.
Price Appreciation
Jewar, Dankaur and Yamuna Expressway are the prominent residential areas of the region. Going by the current price trends, the land prices are already on an upward trajectory in these areas. The big developers like Gaurs Group, ATS, Imperia (Pride Ville) to name a few have residential projects near Jewar and they are increasing their prices in sync with the progress of the airport construction. Expecting substantial appreciation, more and more people are now investing in residential projects or plots near Jewar International Airport.
For commercial projects, Yamuna Expressway, Jewar, Knowledge Park 5, Knowledge Park 3 and Yamuna Authority Plots near Jewar Airport are the popular destinations. The logistics and manufacturing hub near Yamuna expressway has domestic and foreign manufacturing units coming up. Once completed, Jewar Airport will also push economic activities. All these developments will create a demand for commercial and retail properties in the area fuelling price rise.