Jewar Airport takes off
Jewar International Airport revival plan took-off post-Allahabad High Court dismissed the petitions filed by farmers and gave in-principle approval to commence the construction of India’s largest (by surface area) airport, which is estimated to be built at a cost of $3.1 bn. Experts well acquainted with the Noida and Greater Noida economy are of the opinion that like any mega infrastructure project, this greenfield airport will give a major boost to the overall economic activity around Noida and Greater Noida region.
Experts expect boost to real estate investment in Noida, Greater Noida. Once completed, Jewar International Airport will not only ease traffic at Delhi’s IGI Airport but also create multiple job opportunities and give decent impetus to the property market in Noida, Greater Noida and Yamuna Expressway. These markets have been reeling under tremendous pressure over the last three to four years, and require a fresh injection of opportunity and intent to overcome this slump.