The nearby presence of the Indira Gandhi International Airport (IGI Airport) has contributed to the thriving property market in Gurgaon. Just 15 kilometres from Gurgaon, the airport makes for a remarkably practical choice for tourists and business travellers. This has aided the interest in Gurgaon real estate to soar.

Here are some of the ways in which the IGI Airport has affected the property market of Gurgaon.

IGI Airport’s Affect on Gurgaon Property Trends

Increased demand: Property interest in Gurgaon has surged on account of airport comfort. Being near an airport is preferred by both business travellers and tourists, thus increasing property value.

Improved connectivity: The airport enhances Gurgaon’s connection to other regions of the nation. Simplified commuting has sparked property interest in city areas.

Attraction for businesses: Gurgaon has drawn businesses to the airport as well. Job creation and opportunities have led to increased demand for property.

Rising property prices: As the demand for properties in Gurgaon grows, so do property values. The city’s airport vicinity has proved to be a hotspot for price appreciation.

A continued positive effect on the Gurgaon property market is what experts anticipate from the IGI Airport in the coming years. Expansion of the airport in the near future will result in higher demand for property within the city.

With these points in mind, it is conceivable why many believe that if we were to compare with the property trends of Gurgaon, we can expect a similar boost to Noida’s real estate market.

IGI airport spiked the demand for hotels, apartments and other commercial projects. Considering these developments, Noida could also gain a similar expansion on the following:

• Enhanced connectivity
• Infrastructural advancements
• IT and service sector expansion

Let’s delve a bit further into detail and look into the factors that would solidify these assumptions.

Connectivity & Location

Situated in the Gautam Buddh Nagar district of Uttar Pradesh, the Jewar International Airport is approximately 80 kilometres from Delhi city centre. The strategic location will significantly benefit the surrounding towns and cities NCR along with Delhi. The key advantage of this airport is the proximity to important cities such as:  

• Noida
• Greater Noida
• Ghaziabad
• Faridabad

Even though all of these cities are already home to industrial, commercial, and residential activities, the boost on the economy that would project on Noida’s real estate market would be undeniable. 

For example, investing in a new project in Noida Sector 153 would be a golden opportunity if you’re looking for commercial spaces. Why? Because sector 153 is the first commercial sector of Noida that you would come across when travelling from the Jewar Airport. 

The presence of an airport nearby refines the connectivity and accessibility of these areas, especially Noida. There will be impeccable growth in real estate due to the surge in interest of businesses and investors in the area. 

Such immense and swift connectivity also intrigued families to invest in residential apartments in Noida.

Read more: IMPROVED METRO CONNECTIVITY TO NOIDA INTERNATIONAL – JEWAR AIRPORT

Jewar Airport’s Impact On Commercial Real Estate

Attraction of Local & Foreign Investment

The existence of a pivotal airport that is expected to cater to 70 million passengers would become an attraction for international investors in the NCR region. This airport will operate as a gateway for foreign real estate investors and businesses in the foreseeable future. 

With excellent connectivity, the corporate sectors could easily establish their workspaces. This could lead to a ripple effect, creating more businesses and supporting industries driving the demand for real estate.

MNCs will also be encouraged to establish their presence near the Noida-Greater Noida-Yamuna Expressway (YXP), leading pathways for foreign investment, technological advancement, and more job opportunities.

Corporate Relocation & Office Spaces

The Jewar Airport will be attracting passengers along with multinational companies and businesses, bringing a significant hike in the demand for commercial properties in Noida. 

The proximity to the sectors of the NCR region with the airport’s connectivity will make the location pleasing for corporate offices. 

Also Read: FLYING HIGH: A LOOK AT INDIA’S BIGGEST UPCOMING JEWAR AIRPORT

The Jewar International Airport’s Economic Impact

Demand For Luxury Housing

There is a more likely shift in the demand curve for residential apartments in Noida with the development of the Jewar Airport. This trend is not hidden from the eyes of real estate developers. 

This is why more upscale projects are being launched, bearing international standards and luxury amenities to meet the demands of homebuyers. 

Therefore, investing in luxury apartments in Noida can also be a fantastic investment prospect for your family. 

Property Value Appreciation

There is a high potential for capital appreciation to invest in real estate near the Jewar Airport. Furthermore, property value could face a surge as soon as the development of the airport reaches its end. The drive-up in property prices offers a favourable environment for investors and owners. 

Rental Yield Potential

The region’s influx of business travellers, tourists, and employees will influence the rental rate.

An attractive rental yield potential could be expected by property owners, along with an exceptional increase in demand for rental properties. By presenting convenient properties that are well-maintained and conveniently located, investors can greatly capitalize on the demand. 

There will be promising economic growth, infrastructural development, and improved connectivity heading towards the Noida real estate industry thanks to the upcoming Jewar International Airport.

If you’re an investor, now is the time to invest in a commercial project in sector 153 Noida. 

ACE 153 is located on the Noida Expressway. It is a harmonious blend of coveted office spaces and high-end retail units. This ACE Group project consists of two uniquely-designed towers setting a new benchmark in the commercial real estate sector.

To find more details about this visionary project, get in touch with ACE Group.

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In this blog, we will look deeper into the investment options around this expressway by giving you a better insight.

What Real Estate Investment Options Are Nearby? 

Covering around 165.5 kilometres, YXP runs throughout Uttar Pradesh and has become India’s topmost desired real estate investment destination.

This two-way, six-lane expressway is said to link India’s Capital, Delhi, with Agra, home to some of the country’s most famous monuments, including the Agra Fort and Taj Mahal. 

If you wish to grow your portfolio, there is no better place to invest now than nearby areas of this expressway. 

Yamuna Authority New Plot Scheme

Are you interested in a plot scheme that could bring you high returns? Then this upcoming expressway is an exemplary region to go for. 

The Yamuna Authority, New Plot Scheme, is a profound place to get high returns. 

The commercial projects in nearby sectors will also heighten the region’s appeal to global and international brands. The fast development of surrounding areas is working in favour of investment options. 

The progress connected to the completion of Jewar International Airport is also a prime factor in the popularity of this region. The prices of these plots are anticipated to appreciate in the future.

The applicants’ responses were enthusiastic, and under the light of YEIDA’s Plot Scheme, the last date was extended from September 1, 2023 – September 4, 2023. 

About 1.23 Lakhs forms were sold until August 30, 2023, and these numbers soared until September 4. By selling the form, YEIDA has earned around Rs 8 crore. 

Plots around Jewar Airport are also up for sale, which is said to be one of the most enormous investment opportunities in the ever-growing city of Noida. 

There will be a lucky draw on October 18 under the allotment committee’s strict supervision for the allotment of these plots. 

Commercial property in YXP is your chance for a once-in-a-lifetime investment.

The development of business hubs will attract brands that can boost the monetary value of these properties. Furthermore, investors interested in building extended units in the area can also purchase large parcels of land. 

Let’s not forget that the expressway’s connectivity to major cities like Delhi and Noida will make these plots an even more attractive investment option for residential property marketers. 

Read More: INTERNATIONAL PROJECTS ACROSS YAMUNA EXPRESSWAY

Golden Chance For Industrial Investment

The scope of industrial development will soar because of YXP. The Yamuna Expressway Industrial Development Authority is creating a broad spectrum of top local and international brands in this region.

Many renowned brands like Vivo, Patanjali, and LG are in the process of setting up their warehouses and manufacturing units around the route. The connectivity is one of the reasons why famous brands are heading this way..

As this location is promised to become a hub for many brands, it can also offer a supportive business environment. There will be a dynamic ecosystem that promotes collaboration and potential partnerships, resulting in a better economy for the country. 

Tourism Investment Options Along The Route of YXP Noida

YXP will not only link the two big cities but will also encourage investment prospects around its route, as the surrounding cities are known as tourist spots, especially Agra.

With the possibility of hotels and resorts opening in this region to cater for the influx of tourists, it’s presumed the area would thrive with further developments and progress. 

The development of the world’s largest airport is also in progress and will positively impact tourism. Considering this, acquiring properties or a commercial shop for sale in YXP along the route can bring profitable growth.

Also Read: YXP- INDIA’S BEACON OF INFRASTRUCTURE DEVELOPMENT

Don’t Miss Out On This Golden Opportunity

YXP is an exclusive opportunity to invest in, whether it’s a commercial project or an apartment; the projections deem it worthy.

Growing Demand

Quite steadily, the demand for real estate is expected to take a great height around Noida YXP, and it’s all a first come, first served game. People are in search of properties in the region, as it is an ideal place to rent or purchase. 

The areas are expected to have luxury housing and top-notch educational institutions, boosting investment demand. Commercial property in YXP is also taking a noteworthy hike when it comes to selling prices.

High Rental Yield

As the area is developing, it has also become a dream destination for families. Families looking for an improved lifestyle and accessibility could increase property demand, resulting in higher rental yield in the region. 

Remarkable Infrastructure

The developed sector of Noida YXP has efficient amenities, including:

• Schools
• Hospitals
• Shopping malls
• Entertainment centers

Establishing these amenities in the sector also contributes to the area’s livability. These amenities also help build a more attractive location for nearby businesses and residents. These factors can open doors for various investments and increase property demand.

New investment opportunities in YXP are rising as this upcoming expressway moves towards its next development phase. The area’s strategic location, improving rental yield, and impressive infrastructure will powerfully shape the future. 

If you are interested in new projects in YXP, keep following this space for more details on this hotspot. To learn more about Noida’s commercial and residential projects, contact ACE Group today.

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What makes Noida the next big thing?

Noida is located on the river’s left bank, equidistant from Ghaziabad and Delhi. In the 1970s, it was constructed as a sophisticated industrial metropolis near Delhi, across the Yamuna River. Noida’s population has increased dramatically during the previous two decades, and the city now boasts a population of over 500,000 people. To accommodate the extraordinary rush of the population into this region, a new Greater Noida metropolis is being created on the outskirts of Noida. The real estate market in Noida is high octane, thanks in part to a significant number of individuals relocating from Delhi to make it their home. As a part of Uttar Pradesh, Noida cannot be isolated from the state’s existing challenges. Despite this, many who have relocated to Noida enjoy a luxurious lifestyle. Noida real estate benefits greatly from its closeness to Delhi. Staying here is a fantastic decision because of the excellent road network and other civic infrastructure.

Moreover, Noida draws many young professionals from the IT/ITES sector. These young professionals are transforming Noida into the highest-tax-paying district in Uttar Pradesh. Real estate and hotel industry titans are preparing to make significant investments by regularly introducing new projects in Noida. To attract investors, Builders in Noida are constructing cutting-edge commercial spaces. Noida has emerged as the most prominent real estate locations in the National Capital Region.

The value of apartments on Noida Expressway, specially the projects in sector 150 Noida has increased significantly due to the UP Govt.s recently approved international airport at Jewar. Following the same model, a Heliport is also proposed in sector 151A Noida. The authority has made it clear that the facility will be named Noida Heliport and the search for the firm to build the project is already underway. This has also contributed to the Noida and Greater Noida’s increased real estate appeal. Thus, if you have considered points mentioned above, you might know the factors that will lead Noida to be the game changer in coming years. Further more, Noida is attracting more and more development projects, and people in NCR are shifting to this city for better work opportunities and better real estate investment and buying opportunities.

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Mainly talking about Faridabad, the city will be connected to Noida International Airport by a highway from the under-construction Delhi-Mumbai Expressway, decreasing travel time to less than 30 minutes – the time necessary to reach IGIA, Delhi. Hence, the city would be accessible to two international airports. Furthermore, unlike the Yamuna Expressway, where the Airport will be built, Faridabad already has a micro-market. As a result, the former has a better chance of increasing value than the latter.In Noida and Greater Noida, the sectors near the Airport will have a high rise in property prices because of the connectivity. However, in addition to the Airport, other infrastructure projects in the surrounding areas, such as IT parks, industrial corridors, film city and more are expected to boost the real estate market during the next decade.

So, if you plan to buy a property in NCR, it would be best to consider the properties in Noida and Greater Noida available near the new Airport as they expect high ROIs these days. Moreover, the region’s wealth of open land parcels and pre-existing infrastructure offers real estate developers and investors a variety of opportunities. Thus, opening a new window to world-class buildings and apartments for you.

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