Jewar, a small town near Yamuna Expressway in Uttar Pradesh, has now become a major center of real estate investment. It has seen a huge increase of about five times the prices of land during the last three years. The biggest reason for this is the international airport to be built here, which has already become the attraction center of investors before it starts.
Role of International Airport
This airport being built in jewelry will be the largest airport in Asia, which will strengthen the connectivity of not only Uttar Pradesh but the whole of North India. The opening of this airport will increase traffic facilities and business activities will increase rapidly. Economic activities related to this will expand, which will also increase employment opportunities. Due to all these reasons, investors and houses buying are getting attracted towards this area.
Tremendous rise in land prices
Since 2018, the prices of jewelry land have seen a rise. Along with the convenience of Yamuna Expressway, the schemes of residential plot by Yamuna Authority have made the region very suitable for investment. Due to the increasing interest of investors, land prices have increased rapidly. According to experts, land prices have increased by about five times in the last three years, which reflects the possibilities of the region.
Increasing trend of investors and real estate market
Jewel's real estate market is proving attractive to investors in both the country and abroad. The demand for flats, plots and commercial space is steadily increasing here. Due to the progress and better connectivity of development works, big companies are also investing here. This is strengthening the local economy and created new employment opportunities.
Economic development and new employment opportunities
The creation of Jewar International Airport will not only improve traffic facility, but will also develop industrial and commercial activities here. A large number of investment in the region will also boost small and medium industries. This will provide new employment opportunities to the local people and the overall development of the area.
Importance of Yamuna Expressway
Yamuna Expressway is working to connect Jewar to Delhi, Noida, Greater Noida and other major cities. This expressway improves trade and traffic by improving the connectivity of this area. Investors are also showing interest in buying land in this area because good road facility affects property prices.
Five-fold increase in land prices
Before the construction of Jewar International Airport, a hotspot has been formed in terms of real estate investment. Here the speed of five-fold increase in land prices and rising investment shows that the region will emerge as an economic and socially an important center in the coming years. Better connectivity, employment opportunities and development prospects are making Jewar the most preferred place for investors and home buyers.
Therefore, buying property in Jewar is considered a right and visionary investment in today's time.
FAQs
1. Why is Jewar rising as a top investment destination?
Jewar's transformation is in particular driven thru the improvement of the Noida International Airport, which has spurred considerable infrastructure responsibilities, which consist of expressways, metro strains, and enterprise hubs. This surge in development has attracted essential groups and real property developers, positioning Jewar as a promising funding hotspot in the Delhi-NCR region.
2. How lots have land charges in Jewar expanded recently?
Land fees in Jewar have skilled significant increase. For example, the price of one hectare of land, which become spherical 25–28 lakh in 2018, surged to 1.25–1.Five crore by using mid-2024, marking an increase of over four hundred% in six years.
3. What future developments could further influence Jewar's real estate market?
Recreational Hub: A 2,500-acre leisure hub near the airport is deliberate, providing difficulty rely parks, artwork galleries, and nature parks, aiming to reinforce tourism and nearby employment.
- Ghaziabad–Jewar RRTS: The proposed Regional Rapid Transit System will join Jewar to Ghaziabad, improving accessibility and commuting instances.
- Film City: A new Film City in Sector 21 is expected to draw media and enjoyment investments, similarly stimulating the community financial system.
- These trends are expected to power further appreciation in property values and funding possibilities within the place.
