The upcoming International Airport at the Jewar township of Greater Noida is expected to
be a growth catalyst for the region, say industry analysts, as the project is expected to
create urban infrastructure and generate jobs.
Accordingly, experts have predicted the project to not only boost the aviation industry but also a host of other sectors such as real estate, hospitality, tourism, transportation and construction. "Jewar Airport will provide an impetus to the real estate sector in Noida, Greater Noida and Yamuna Expressway," JLL India's Chief Economist Research and REIS Samantak Das told IANS. "Real estate developers and corporates will be encouraged to invest in commercial real estate in the region. It would lead to a jump in investment and infrastructural development leading to rising in demand for both residential and commercial properties."
Additionally, Das pointed out that apart from residential, commercial and residential segment, the demand for logistics and warehousing sector is expected to get a boost by development of Jewar Airport. "It will also lead to growth in manufacturing and exports sector. Since the region is also near to tourist attractions such as Taj Mahal, Mathura, the tourism sector will also be positively impacted by the development of the airport," Das said.
ANAROCK Property Consultants' Vice Chairman Santhosh Kumar, said: "As far as job creation and value addition is concerned, the project will definitely give a major boost in the future.
08/12/19 IANS/Economic Times
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Accordingly, experts have predicted the project to not only boost the aviation industry but also a host of other sectors such as real estate, hospitality, tourism, transportation and construction. "Jewar Airport will provide an impetus to the real estate sector in Noida, Greater Noida and Yamuna Expressway," JLL India's Chief Economist Research and REIS Samantak Das told IANS. "Real estate developers and corporates will be encouraged to invest in commercial real estate in the region. It would lead to a jump in investment and infrastructural development leading to rising in demand for both residential and commercial properties."
Additionally, Das pointed out that apart from residential, commercial and residential segment, the demand for logistics and warehousing sector is expected to get a boost by development of Jewar Airport. "It will also lead to growth in manufacturing and exports sector. Since the region is also near to tourist attractions such as Taj Mahal, Mathura, the tourism sector will also be positively impacted by the development of the airport," Das said.
ANAROCK Property Consultants' Vice Chairman Santhosh Kumar, said: "As far as job creation and value addition is concerned, the project will definitely give a major boost in the future.
08/12/19 IANS/Economic Times
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