We are Wealth Clinic Team
After the stone laying ceremony at Jewar airport NOIDA, there has been a fresh boost to the local markets and real estate investment especially commercial properties. In 2022 many Real Estate developers have already started planning many additional launches around the newly proposed Noida International Airport in Jewar.
Even after the setback due to the new variant of covid-19 many brokerage firms and experts still claims that demand for residential properties in the micro-markets surrounding the areas of the planned airport has rapidly accelerated, and is approaching near 2020 levels.
The dynamics of real estate in the NCR region are rapidly changing due to the making of the new airport at Jewar and making the Noida region of NCR at par with Gurugram. According to the experts the current apartment prices, land prices, and office rentals are very low than the pricing at Gurugram. If the Jewar airport is completed in scheduled time as per the current report by the officials then the gap of property pricing of Noida and Gurugram will narrow down substantially.
The mid-segment home purchases at the Yamuna Expressway have recently become a very desirable and popular destination due to the state government’s massive infrastructure drive.
The speed with which the upcoming Jewar airport is being built has significantly increased the demand for properties in the region.
Due to the pandemic, the demand for less dense areas and areas with better air quality has increased significantly and doubled in the last few years, and Yamuna Expressway is very evident because of the presence of vast green spaces around the Yamuna Expressway.
The Real Estate consultants and experts stated that the pricing of upcoming projects, existing projects, and the price of the land at the Yamuna Expressway will depend upon the sentiments of the overall market and how things shape up in the future.
The region of Jewar and Yamuna Expressway and the area around it has a great scope of growth due to the proposed project of the Delhi-Mumbai Industrial Corridor, Industrial Township, Eastern and Western Corridors, many hubs of logistic and transport, and finally the proposed plan for building new film city.
Many tech giants and companies have already started working on setting up their technology hubs and Microsoft is also one of them.
According to big builders, there has been an increase in bookings and inquiries in the real estate sector after the announcements of starting of work for making new international airport at Jewar. It means that the people have realized the benefit of investment in real estate and properties before the price and demand go up. It is better to invest in real estate with a long-term perspective of around 8 to 10 years.
Day by day there is an overall increase in the number of buyers in the region, who are looking for capital appreciation. Working on commercial projects in the region is also going on, which are attracting many home buyers.
Professionals and service class sections are surely expected to get attracted to the competitive and affordable investment in this area. For long-term investors and end-users, the rapid emergence of the micro-market of Yamuna Expressway is very suitable as ready to go real estate destination.
There are several opportunities for real estate investors and developers to come up with projects in the area due to the abundance of availability of land parcels and already developed infrastructure in the area.
The housing scheme offers of around 416 plots are also introduced by The Yamuna Expressway Industrial Development Authority (YEIDA).
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