Jewar's Noida International Airport: Land investment is one of the most appealing options for real estate investors. Property analysts are optimistic about the region's land price increase after the Modi administration announced the commencement of the long-awaited Jewar International Airport in Noida. By the time Jewar Airport is operational, industry sources predict a return on land investment of at least 120 percent.
Lands of various types are available in the area. Plots constructed by the authority are priced between Rs 10,000 and Rs 25,000 per yard, whereas plots developed by developers are priced between Rs 22,000 and Rs 25,000 per yard. On the other hand, agriculture plots in the neighborhood of Jewar Airport cost the amount of Rs 10,000 To 15,000 per square meter. The land given by builders includes facilities such as a wave pool, club membership, parking, and so on, but the plot sold by the authorities does not.
With all of the benefits of the Jewar Airport, one thing is sure: an excellent outcome for the real estate market in this area. However, experts advise against rushing to conclusions since reaching the stage of golden chance might take time because the influence will only be evident over a 5-6 year period.
Demand is increasing as a result of recent events. We anticipate a 15-20% annual increase in land values in the Jewar Airport area. As a result, when the airport is projected to open in the following five years, an investor may expect at least a 120 percent return on their investment. Furthermore, with more affordable housing projects on the horizon, demand is expected to rise significantly, perhaps pushing costs upwards.
Yamuna Expressway has always had a strong demand due to the variety of housing alternatives available, including plots, villas, and group housing developments. With the construction of Jewar Airport gaining speed, additional demand for the region is expected.
Advantages of Buying a plot in Jewar Airport :
● Cost-effective deal
A plot is less expensive than a constructed home because it is merely a piece of land. Residential plots are thus advised for investment. Buyers and investors may now easily purchase a property plot in Jewar without constantly worrying about their finances. Purchasing a home with a mortgage loan or an EMI may be in financial distress.
● There are fewer complications
Most people opt for a home loan when buying a house or apartment, which makes the process a bit more cumbersome. On the other hand, purchasing a plot is more accessible and requires less paperwork and legal procedures. You may easily find a house plots near Jewar Airport that meets your budget.
● Lower Maintenance
Jewar domestic plots do not require any upkeep; all you have to do is maintain them in good condition.
● Lower Property Taxes
In Jewar, the property tax on residential land is cheaper than the rate on detached houses. As a result, there's no reason to be cautious about property taxes or be less concerned about them. As a result, investing in a plot trumps investing in a home.
While the future of real estate near Jewar Airport appears to be bright, investors, end-users, and builders must be cautious. The addition of a second international airport in NCR would boost the real estate market in and around the area and the state of Uttar Pradesh. On the other hand, investment gains expectations must be more reasonable than speculative. In the short-to-medium term, players with sufficient land banks in the area around the airport will likely see significant development activity. Since the project's announcement some years ago, several players have purchased large property tracts in the area to benefit from it.