As reported, it is expected that the upcoming Jewar Airport will give way to the creation of multiple growth opportunities by opening up avenues for employment and increase in urban infrastructure – according to industry experts.
Gaurs Group, the real estate major, booked around 1,200 units worth Rs 5 billion during the festive month of October. This is a sharp jump of about 19 per cent and 22 per cent in terms of number of units and sales value respectively as compared to last festive season wherein the company reported bookings of 1,012 units worth Rs 4.11 billion.
The bidding process for the Greater Noida Airport has drawn the attention of the state-run Airports Authority of India (AAI) as well as that of the GNR group. The two entities are running the Delhi Airport in a joint venture and are now likely to bid against each other for the upcoming airport in 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.
The Uttar Pradesh Cabinet has reportedly approved the construction of a six-lane Ganga Expressway. Worth Rs 360 billion, the expressway is expected to connect Meerut in western Uttar Pradesh to Prayagraj in the east.
DMIC Integrated Industrial Township Greater Noida (IITGNL) has been declared as the fourth industrial authority in Gautam Budh Nagar, giving a major boost to the SPV’s efforts of building a smart township along the Delhi-Mumbai Industrial corridor.
Conceptualised as an industrial town, Sector 150 falls in the peripheral area of Noida. During the mid-2000s, Sector 150 evolved as an IT hub and subsequently attracted real estate developments primarily due to effectively-planned layouts.