PIONEER NEWS SERVICE | Dehradun
Jewar, previously a tiny town in Uttar Pradesh, is emerging fast as a real estate hub. This is principally due to the upcoming Noida International Airport, also known as Jewar Airport, which is all set to become India’s largest airport upon completion. This airport is expected to prove a game changer due to a number of positive factors.
The way it is developing while boosting economic growth and infrastructure development in the region makes it an ideal destination for the investors and the homebuyers alike. When the airport becomes operational it will provide employment to thousands and enhance tourism across the NCR besides giving a massive fillip to national and international connectivity. So, quite naturally, this stupendous development growth prospect triggers a surge in commercial and residential real estate demand.
While speaking admiringly of the town emerging as one of the fastest growing property hubs of India, Amrit Verma, wealth advisor at Unigate Finserve, said that it is the ideal time for the early bird investors to take a call. “The property prices compared to Noida, Gurugram and Delhi are still affordable, but it is uncertain how long they will remain so. At present, entry cost is relatively low, but appreciation is accelerating fast. So, I will suggest that the investors should not waste time and take the call at the earliest,” he advised.
He further said that the excellent connectivity and upcoming infrastructure- planned metro connectivity to Greater Noida and IGI Airport and multiple expressways, including Yamuna Expressway and Eastern Peripheral Expressway- are bound to make it one of the most sought-after destinations in terms of property investment. “Also, I must mention the Smart City plans, including green zones, efficient public transport and modern amenities available as key factors driving a robust and enduring real estate growth. This is what I have perceived while visiting it time and again and I am confident, given my experiences in this field for years, that an investment savvy person, well-versed in the dynamics of real estate growth, cannot help perceiving the enormous advantages unfolding there thanks to the government’s massive developmental initiatives,” he observed.
Echoing the same optimism of an enormous property boom awaiting the place, another Delhi-based wealth advisor, Himanshu Choudhary from Unigate Finserve noted that the commercial and industrial growth it has been seeing for some years were the basis of his hopeful viewpoint. “We must factor in the rapid development of the Film City Project, nearby IT and Tech Park, retail hubs and logistics parks. These are irresistibly pulling corporates, startups, and multi-nationals towards it. They correctly visualise its immense and yet not- fully- tapped potential of developing into one of the most thriving property hotspots of the country, post-airport phase,” he added.
Plus, he mentioned the upcoming rental boom and robust Return on Investment (ROI) which must follow the connectivity and infrastructure boom. “Thousands of professionals are expected to move in and settle after the airport becomes operational. And the upshots are high rental demand from working professionals and migrants, promising consistent passive rental income and upward capital appreciation in step with the maturing of the massive infrastructure-building and connectivity- enhancing ventures,” he observed.
