Thursday, October 11, 2018

Cargo Airport to boost the real estate market of Bhiwadi

New Delhi: The Aviation Ministry has approved a Green Field Cargo Airport in Alwar district of Rajasthan to facilitate business on Delhi-Mumbai Industrial Corridor (DMIC).

Authorities have marked 636 hector of land in the first phase for developing Kotkasim aerocity.

The airport is likely to turn areas of Kotkasim and Tejara Tehsil into one of the biggest cargo and logistics hub in north India.

DMIC is an industrial corridor between the wealthy north and the prosperous west offering businesses a convenient access to the two largest consumer markets in India. The industrial towns in the region such as Bhiwadi, Rewari, Neemrana, Manesar will benefit most with this initiative.

This aspirational project is also believed to have a lateral effect on nearby real estate market especially Bhiwadi.
11/10/18 Syed Qayam Ali/Siasat

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