Jewar Airport and Business Growth: Cargo, Tourism, and Investment Opportunities
introduction
Noida Jewar Airport, also referred to officially as the Noida International Airport (DXN), is situated in Jewar, Gautam Buddha Nagar district of Uttar Pradesh. The project has been developed through a Public–Private Partnership with Yamuna International Airport Pvt. Ltd with a focus on sustainable design and modern infrastructure.
The opening of Jewar airport has been a defining moment for Noida NCR. From tourism growth in Noida NCR to increased multisectoral demand, there is a lot expected after this expressway gets operational.
Jewar/Noida International Airport Overview
Jewar Airport is a greenfield airport. The airport spans around 59 km and is being developed at an estimated cost of Rs 4,463 crore. This airport would be one of the biggest in India, once fully operational. Noida Jewar airport’s prime location, on the Yamuna Expressway, and nearness to rapidly expanding industrial and commercial hubs of Delhi NCR, act as major contributors to regional growth and development. The infrastructural development for the airport promotes advanced logistics and tourism in Western Uttar Pradesh.
Let us dive into the sectors that will boom.
Real Estate Boom
The airport’s capacity is 12 million passengers annually. This is expected to go up in the future. Boosted connectivity will therefore act as a catalyst for property markets. So far, apartment prices in Jewar have tripled over the last 5 years. Earlier, the per-square-foot rate was Rs 3200 in 2020. Currently, it stands at Rs 9600.
Majorly, the impact is concentrated along the Yamuna Expressway corridor. Areas like Greater Noida, Tappal, and Dankaur, which were once considered semi-rural regions, are now seeing a shift. The investors are also exploring Jewar Airport rental yield opportunities due to the strong potential for appreciation in the future. Read more on the impact on property prices due to Jewar Airport.
Flourishing Logistics and Cargo
Jewar Airport’s impact on logistics will be significant, as it is expected to reduce the turnaround time. It houses a cargo capacity of 2.5 lakh metric tons per annum.
The Dadri-Greater Noida corridor is already one of the most desirable locations for logistics in India. Dadri connects India’s largest freight rail routes, the Western Dedicated Freight Corridor (WDFC), and the Eastern Dedicated Freight Corridor (EDFC). With the opening up of the airport, this will boost the ancillary connectivity to various logistics hubs.
What adds to it is the direct rail connection of Dadri with Chola railway station. Chola is now being linked to Jewar Airport, which will connect to the Jewar Airport cargo terminal.
The Jewar Airport cargo opportunities will witness:
- Reduced transit time
- Support multimodal logistics
- Improve supply chain efficiency for businesses
Flyway Logistics Park
The high-demand warehousing plots have opened up near the Jewar airport under the name Flyway Logistics Park. It lies just 15 minutes away from the airport. Ideal for logistics hubs, cold chains, warehouses, and industrial units, the plot sizes are flexible. The government’s PM Gati Shakti plan is further pushing infrastructural development in India.
Tourism growth in Noida NCR
The Jewar Airport will connect to major international destinations. Beyond this, the improved accessibility will push the local tourism in UP. UP is a hub of various iconic locations like Agra, Vrindavan, Mathura, etc. With the opening up of the airport, the tourist footfall will increase. Hotel and hospitality investment will also see a rise. It will create employment opportunities too, adding to the development of UP.
Business tourism will also grow as UP becomes a hub for international conferences, trade fairs, and other corporate events.
Growth of business opportunities
The role of Jewar Airport in business growth and economic expansion is unprecedented. It is expected to generate an estimated ₹30,000 crore in annual GDP and create over 500,000 direct and indirect job opportunities. The current CM of UP recently announced that three international business and trade centres inspired by China’s Yiwu market are planned near Noida Airport. These centres will be developed in Sector 7, Sector 8, and Sector 8A by YEIDA.
Also, Noida is already a business hub housing MNCs, BPOs, industries, and multiple startups. Corporate office relocations and expansions closer to the airport zone are expected soon. So far, 54 new industrial units have been approved within a year.
Conclusion
The Jewar Airport’s impact on logistics, cargo, business, real estate, and tourism is evident. Grab the opportunity of owning a property in Noida today so that you benefit from this infrastructural development. Get in touch with us at Property Network India Pvt LTD, and our expert team is ready to guide you in owning a dream property!
FAQ
How is the connectivity around Jewar Airport?
Connectivity is good The main road connectivity options are Yamuna Expressway, Jewar-Faridabad Expressway and Ghaziabad-Jewar Airport East Road Metro and rail connectivity options include Greater Noida-Noida Airport Metro, the Palwal-Noida Airport-Khurja Railway and the Ghaziabad-Jewar RRTS.
What is driving Jewar Airport rental yield opportunities?
The key drivers are infrastructure development, regional connectivity and a revival in commercial activity around Noida Airport.
What is the effect on lease deals because of Jewar Airport?
Higher speed of lease deal execution has driven Jewar airport business growth. There have been 731 new lease deeds in a year.
