AIRPORT AT JEWAR An international airport with a capacity to handle million passengers per year will come up at Jewar in Greater Noida in the ne

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AIRPORT AT JEWAR

AIRPORT AT JEWAR An international airport with a capacity to handle 30-50 million passengers per year will come up at Jewar in Greater Noida in the next 5-6 years to ease the load on Delhi's IGI airport, the government announced on 24.6.2017. Civil Aviation Minister Ashok Gajapathi Raju announced that "inprinciple clearance has been granted" for the greenfield airport at Jewar. Jewar now a nagar panchayat under the Gautam Budh Nagar district, was earlier part of the Bulandshahr district in Uttar Pradesh. With a population of 32,269, Jewar has yet to see full-scale development, despite being part of the NCR. Like other major infrastructure projects that benefit real estate markets, the Jewar airport, too, is expected to change the property market dynamics in Noida and the adjoining areas.

AIRPORT AT JEWAR A lot of international visitors have been avoiding Noida and Greater Noida as they fall off-route. Gurgaon has always had the edge because of its proximity to the airport, and has been supporting brisk business. Now with an international airport in the region, Noida and Greater Noida's existing export-import businesses would get a major push With the airport, we expect a lot of multinational companies setting up base in and around Jewar. Uttar Pradesh presently has the mandate of creating 70 lakh jobs. The companies and the ancillary industries which grow around it will lead to the job generation. Jewar airport can shift the concentration of multinational and domestic companies, as well as, property seekers from Gurgaon to Noida This kind of economic activity would increase the demand of the real estate sector, homebuyers should keep a watch on sectors like 19, 25 and 22D on Yamuna Expressway

AIRPORT AT JEWAR

AIRPORT AT JEWAR

AIRPORT AT JEWAR

AIRPORT AT JEWAR

NCR FACT SHEET Fastest growing urban regions in India set to cross 64 million population by 2021. NCT Delhi would reach a population of 23 million. UP sub region would contribute to 20 million, Haryana would contribute 16 million and Rajasthan 5 million. Highest per capita income and growing at 14%. Economic growth is 9% and contributes 7.9% to national income. As per assocham report published in economic time Delhi/NCR has produced maximum number jobs in India in 2016. Delhi/NCR has 49% share of Organized retail market of India. Metro network across Delhi/NCR has dramatically increased property prices and rental values near metro stations. Delhi/NCR has the largest road infrastructure of India. With external ring road set to complete by 2018 Delhi/NCR will have non stop connectivity to all the cities of north india. NCR is a hub of all the multinational companies and international airport is a major reason for MNC s having office in NCR.

DELHI AIRPORT (IGIA) FACT SHEET In 1986 Delhi airport was renamed as IGIA and in 2006 GMR signed an agreement with airport authority and created a subsidiary company by the name DIAL IGIA is capable of handling 62 million passengers per annum In 2016-17 IGIA handled 57.7 million domestic and international passengers with 858 thousands tones of cargo. Won the best airport award for 2 years in 25-40 million passenger category. IGIA has 30% air traffic share of India and generated a profit of 1500 Cr in 2015-16. Accounted for 1.06 Lakh employment across various activities. Total direct, indirect and induced employment is 28.39 Lakh ( 0.5% contribution to national employment) and 0.5% contribution to GDP. Catalytic effect is seen in 10km region with all topmost companies setting up their base in Gurugram. Increase in property prices to almost 10 times in last 10 years.

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