The Swiss business is developing the Jewar Airport in four phases for an estimated cost of Rs 15,754 crores. When fully constructed, the airport would be able to handle 70 million passengers per year. The airport of Jewar Aerocity will produce 2.5 lakh jobs in the first few years of operation. Jewar Airport is the world’s fourth-largest international airport, measuring 5100 Hectares and housing six runways with passenger and cargo facilities. It is four times larger than IGI Airport.
For now, the airport will be built under a public-private partnership concept. The proposal is to construct a two-runway airport by 2024.
After the ground-breaking ceremony of the airport, which would also be the country’s largest airport by size market analysts expect things to gradually improve for Noida’s property sector, which is under huge pressure due to an ongoing downturn domestically.
According to reports on the swiss business firm and the project’s techno-economic feasibility analysis, the Jewar Airport is planned to handle 60 lakh people by 2022-23, when the first part of the project is scheduled to be completed.
The proposed residential land for sale in Jewar is well connected to the NCR region and other regions in western Uttar Pradesh and also to the plots near logistic hubs on Yamuna expressway. The location is approximately 30 kilometers from State Highway SH-22A, which connects Palwal and Aligarh, and 700 meters from the Yamuna Expressway.
The civil aviation ministry anticipates that this airport will improve connectivity throughout western Uttar Pradesh, boosting tourist and economic potential in the region. This airport will serve not only the Delhi airport but other cities such as Agra, Mathura, Bulandshahr, and Meerut. The arrival of the new airport would greatly improve the property prospects of the region. A high-speed network would simply fuel the fire and you have to grab the opportunity if you’re in search of a lavsh property in the center of a city.