Prime Minister Narendra Modi laid the foundation stone for Noida International Airport, also known as Jewar Airport, this Thursday. The construction work for the airport has received a green signal and it will be operational by 2024.
With this update, you must be wondering that what impact will Jewar airport have on the Delhi NCR realty market? whether I should invest in the Yamuna expressway or not? are property prices going to get high or not?
Fret not, I am here to share my views on this and remember these are my views and your thought can differ, I would appreciate your feedback in the comment box. So coming back to the point, Yamuna expressway is definitely going to be the hot cake, I have written about this in my previous posts also.
With the upcoming airport, the areas nearby will see an infrastructural development, and this development will surely affect the property prices and it will appreciate. But remember my friend that all this will take at least 8-10 years. You just can’t move there and start living. You need at least a transport facility, metro connectivity has to be there, hospitals, schools, commercial hubs, office spaces need to be developed there first after that only you can think of living in the Yamuna expressway. All these will take some time. This development will attract more real estate players to start their real estate projects and this is going to give a hike in the property prices.
Jewar airport is definitely a game-changer, you will see a positive impact of this on the real estate market.