Land prices near Jewar airport in Uttar Pradesh, the first phase of which is expected to be completed by 2024, could surge by up to 100% with prices of residential real estatelikely to increase by up to 50% over the next five to seven years, as connectivity to the area improves with key infrastructure projects materializing in the coming years, industry experts said.
The western Noida area of Uttar Pradesh, where the Jewar airport is located, has emerged as a realty hotspot with all the requisites for affordable housing and better living conditions, giving a commercial and infrastructural fillip to the National Capital Region (NCR), said Anshuman Magazine, chairman and chief executive, India, South East Asia, Middle East and Africa, at commercial real estate services and investment firm CBRE.
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