Top 5 Locations to Buy Property Near Jewar Airport Greater Noida
The upcoming Noida International Airport, commonly known as Jewar Airport, is set to be a significant catalyst for real estate development in the Greater Noida region. Its establishment is anticipated to enhance connectivity, boost economic activities, and elevate property values in the surrounding areas. For investors and homebuyers looking to capitalize on this opportunity, selecting the right location is crucial. Here are the top five locations to consider for purchasing property near Jewar Airport:
1. Jewar
Located approximately 2 kilometers
from the Yamuna Expressway, Jewar is the immediate vicinity of the upcoming
airport. The area is poised to become a central hub due to its proximity to the
airport. Connectivity is a significant advantage, with the NH-334DD passing
through Jewar, providing direct routes to various parts of Uttar Pradesh and
neighboring states. Future infrastructure projects, such as the proposed
28-kilometer expressway connecting Jewar
Airport to Delhi's Kalindi Kunj and a new railway line linking Chola to
Palwal Station, are expected to further enhance accessibility. Property prices
in Jewar have seen a 25% increase in recent years, with current average plot
rates around Rs 2,200 per square foot.
2. Sector 22D, Yamuna Expressway
Sector 22D is emerging as a
fast-growing residential area near Jewar Airport. The sector hosts multiple
projects, offering both residential flats and plots. Amenities in the vicinity
include the Sector 148 metro station on the Noida Aqua Line, providing seamless
connectivity to other parts of Noida and Greater Noida. Additionally, the area
boasts healthcare facilities and educational institutions, making it a
well-rounded choice for families. Property prices in Sector 22D start from
approximately Rs 8,100 per square foot.
3. Sector 150, Noida
Sector 150 has witnessed rapid appreciation in property values, owing to its strategic location and robust infrastructure. The sector enjoys proximity to major expressways, including the Yamuna Expressway and the FNG Expressway, as well as landmarks like the Buddha International Circuit and the Noida International Cricket Stadium. The presence of eminent business parks and employment centers adds to its appeal. The nearest metro station is the Aqua Line's Sector 148 station. Property prices in Sector 150 begin at around Rs 8,900 per square foot, with rental rates starting from Rs 16 per square foot.
4. Knowledge Park, Greater Noida
Knowledge Park is a rapidly
developing area that offers excellent investment potential due to its proximity
to Jewar Airport. The area is home to various educational institutions,
technology parks, and commercial spaces, making it an attractive location for
investors. With expected infrastructural improvements, including better road
links and metro connectivity, Knowledge Park is poised for significant price
appreciation in the near future.
5. Yamuna Expressway
The Yamuna Expressway region is already witnessing rapid growth due to its connectivity to Noida, Greater Noida, and Agra. Plots along the expressway are becoming more valuable as the Jewar Airport project progresses. Investors looking to purchase land for residential or commercial purposes should consider areas around the expressway, as these locations will benefit the most from increased traffic and connectivity.
Factors to Consider Before Investing:
- Legal Due Diligence: Ensure that the land has clear titles, free from encumbrances or legal disputes. Check the zoning regulations for the area to confirm that the land can be developed for the intended purpose. Consulting a local lawyer or real estate expert can help in verifying the legitimacy of the land and avoid future issues.
- Infrastructure Development: Evaluate the timelines for key infrastructure projects, such as metro lines, road expansions, and utilities. These developments will directly impact the value of the land, so it's important to ensure that the infrastructure is progressing as expected.
- Market Research: Analyze price trends in the region and consult with local real estate experts to understand the investment potential of the plots. Being aware of current market conditions will help you make informed decisions and avoid overpaying for a property.
Investing in property near Jewar Airport presents a promising opportunity, given the anticipated growth and development in the region. By carefully selecting the location and conducting thorough due diligence, investors and homebuyers can capitalize on the potential for significant returns in the coming years.
Conclusion
The development of Jewar Airport is set to transform the Greater Noida region into a bustling hub of economic and residential activity. Investing in properties in the aforementioned locations offers promising prospects for appreciation and returns. However, it's essential to conduct thorough due diligence, assess infrastructure developments, and stay informed about market trends to make informed investment decisions.
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