Sunday, 5 July 2015

JEWEL IN CROWN - All eyes on Jewar

The proposal for an international airport at Jewar, along Yamuna Expressway, was long in the works. It was first conceptualized in 2001
Realty players and stakeholders say that while the IGI airport can handle the current passenger and cargo traffic, and is far from the saturation mark, a second international airport in the NCR, especially at Jewar where a lot of land is available, can work wonders for Noida and Greater Noida and put them on a par with Gurgaon.R K Arora, chairman of Supertech, says: “The proposal for an international airport at Jewar, along Yamuna Expressway, was long in the works. Once Jewar is confirmed, the business for residential and commercial markets will increase manyfold, with a large number of ready customers looking to stay and work out of this zone, owing to the proximity of the airport.
“Also, with many corporates, MNCs, BPOs, IT-ITeS firms having set shop in Noida and Greater Noida, they would look to expand their business operations here, as an international airport in close proximity can multiply opportunities.“
Rakesh Yadav, MD of Antriksh Group, said: “Strategically, Noida and Greater Noida have great industrial potential and, therefore, an airport in Jewar would greatly facilitate that activity. The actual execution of the project is likely to generate significant employment opportunities across the real estate sector. Private sector participation and global investments would also see a big leap in this region.“
Dinesh Jain, MD of Exotica Housing, says: “An international airport at Jewar will push the real estate in dustry in Noida, Greater Noida, and Yamuna Expressway and the contiguous localities too. It is a big opportunity for UP to cre ate job opportunities and push the overall economy of the state, which will directly and positively impact the real estate sector. We expect the demand for housing and office space to grow exponentially once Jewar is finalized.“
Rattan Hawelia, CMD of Hawelia Group, said: “This is one of the most eagerlyawaited developments for developers who were operating in Noida, Greater Noida, and Yamuna Expressway. In fact, people who have bought or invested in these places will see their properties appreciate in a big way, as this place already has a world-class ex world-class ex pressway in Yamuna Ex pressway and, now an inter national air port, at Jew ar.“
Prashant Tiwari, chair man of Pra teek Group, said: “This opens up more options for real estate de velopment, as people will be more in terested to move into the nearby areas. This will benefit the common man, too, as this area will now save a lot of their travelling time; tourism would also get a major boost through a second airport here, as Agra is very close.“
Resource: Times Of India
Jaypee Greens Sports City on Yamuna Expressway would get the airport at very close proximity. In fact all projects on Noida Expressway would get the benefit of the airport....




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