Jewar International Airport Beings Double Whammy to Gautam Budh Nagar District.. Hurdles Cleared for IKEA to set huge shop with 5,500 car Parkings 28 story tower in sector 51 Noida ;
Category: Area Updates
Another industrial city will be settled on 11 thousand hectares on the banks of Yamuna Expressway
Demand drives development new township of 11104 hectares behind Sector 35 on Yamuna Expressway, which will have Industrial, Residential & Mix land Use. The main purpose of this would Sector would be creation Warehouses & logistics Hub. As per Mr. Arun Vir Singh, CEO, Yamuna Expressway, UP Government has already approved Master Plan.
https://tricitytoday.com/amp/news/another-industrial-city-will-be-settled-on-11-thousand-hectares-on-the-banks-of-yamuna-expressway-13866.html
https://tricitytoday.com/amp/news/noida-will-become-country-s-first-aerotropolis-due-to-jewar-airport-know-what-is-an-aerotropolis-13109.html
Proud Moment for Indian’s, as Asia’s largest Transit Infra deal is inked with Zurich Airport today Afternoon. Expecting investment of Rs. 500,000 lacs crores in the area within a decade, thereby area contributing to immense growth for entire Nation
https://www.amarujala.com/delhi-ncr/zurich-international-and-noida-international-airport-limited-sign-on-contract-for-jewar-airport-noida-airport-indias-biggest-airport
https://m.economictimes.com/industry/transportation/airlines-/-aviation/our-airport-will-be-cheaper-than-ones-built-20-years-ago-jewar-airport-md/articleshow/78531413.cms
https://www.moneycontrol.com/news/business/real-estate/swiss-developer-can-now-begin-work-on-rs-29560-crore-jewar-airport-project-5934131.html/amp
Jewar Airport: More than double return in 5 years! Why investing in land here is a realty win-win
https://www.zeebiz.com/india/news-jewar-airport-more-than-double-return-in-5-years-why-investing-in-land-here-is-a-realty-win-win-86914
Jewar Airport Set to Attract Investors; Fuel Economic Growth in Greater Noida
https://www.fairpockets.com/blog/jewar-airport-set-to-attract-investors/
Landlords can expect better rents in the time to come as more and more people come here for job opportunities. *Homebuyers on the other hand may have to pay more to buy property here.
https://www.makaan.com/iq/news-views/have-you-invested-along-yamuna-expressway-here-is-why-your-investment-is-going-to-multiply
Big benefits from Jewar Airport for residents of nearby areas! Check top 5
https://www.zeebiz.com/india/news-big-benefits-from-jewar-airport-for-residents-of-nearby-areas-check-top-5-115112
Categories
Jewar Airport to have 5 runways
PwC Techno-feasibility Report confirms Jewar to have 5 Runways and will be largest Transit Infra Project of India. Icing on the Cake Zurich Airport to built-Operate Jewar Airport with World Class Best Infra Project for next 40 years starting 2023
Since Civilization starting from Indus Valley till Delhi IGI (Vasant Kunj/ Dwarka/ Gurugram and Mumbai Chatrapati Shivaji International Airport (BKC), it has been seen maximum prosperity comes adjacent to Transit infra Projects. Our all Esteem Members to gain✨🥂🍾💫
https://www.jagran.com/uttar-pradesh/noida-ncr-plans-to-build-5-runways-at-jewar-inter-national-airport-in-uttar-pradesh-20777448.html
Senior Uttar Pradesh government officials on Sunday inspected the land in Sector 21 along the Yamuna Expressway earmarked for the Film City project.
Uttar Pradesh additional chief secretary (home and information) Awanish Kumar Awasthi, who visited the site along with others, directed Yamuna expressway industrial development authority (Yeida) to send a proposal to Film Bandhu, a state nodal agency for film projects, to get the ball rolling on the detailed project report.
The directions come a week after the Uttar Pradesh government on September 20 announced setting the Film City on a 1000-acre plot in Sector 21.
Awasthi, who was accompanied by Yeida’ chief executive officer, CEO, Arun Vir Singh and other senior officials of the authority, also instructed the staff to demarcate the boundary of the site where the Film City will come up.
“We will send the proposal about the project in the next 10 days to the state government, paving way for the detailed project report. The state government has put this project on fast-track and we are working on this project very seriously,” Singh said.
Once Yeida sends the proposal, the UP government will appoint a consultant to prepare a DPR for the project. The DPR will be made at earliest and no deadline has been fixed for it so far, said officials.
“We have started the process to hire a consultant who will make the DPR. Once the DPR is finalised, the project will witness further progress,” Awasthi said.
Chief Minister Yogi Adityanath had on September 18 announced setting up the country’s “biggest” and “most beautiful” film city in Gautam Budh Nagar and had instructed officials to search for land in or around Noida and Greater Noida.
“We have already acquired 835 acres agricultural land from farmers for the project. We have expedited the work to procure 165 acres of land for this project. All farmers from Rabupura village in Sector 21, where the Film City will come, are happy to give their land for the project,” Yeida CEO said.
Once ready, the Film City, located close to upcoming Noida International Greenfield Airport at Jewar, will house film studios, film academies among other facilities.
“The Film City will benefit not only aspiring filmmakers, actors, cameraman and technicians among others, but also the film industry at large at large as they will get a much needed facility for shooting at reasonable cost. The project will give a platform to local talent, groom them employ them,” said Piyush Singh, CEO, Vistas Media, a Singapore- based company keen to set up an international film Academy at the Film City. The firm had earlier this week submitted a proposal to Yeida to set up a film academy over 20 acres, with an initial investment of USD 10 million.
Despite Peak COVID-19, sluggish economy, negative GDP growth & clubbed with most negative Shraddh Period , YEIDA residential plot scheme draws about 235%buyers, proves sure-shot gain in offing for our Society Esteem members & stake holders…. Read along…✨🍾💫💥
The Yamuna Expressway Industrial Development Authority (Yeida) on Monday said that it has received 2,148 applications against 911 residential plots on offer under a scheme launched in September this year.
https://www.hindustantimes.com/cities/yeida-s-residential-plot-scheme-gets-good-response/story-S1pPBRjEkDZjwy8ZgQHSuJ.html
https://tricitytoday.com/amp/news/this-form-of-noida-will-be-overwhelmed-singapore-and-shanghai-are-left-behind-watch-an-exclusive-video-12383.html
https://realty.economictimes.indiatimes.com/news/residential/affordable-houses-to-come-up-along-yamuna-expressway/78314093
Affordable houses to come up along Yamuna expressway
With multiple industrial clusters being planned along the highway, a need to have proper accommodation for workers deployed in such units has been felt for long.
The Yamuna Expressway Authority has earmarked Sector 18 for affordable housing. A plot measuring 12.35 acres has been selected for the project. With multiple industrial clusters being planned along the highway, a need to have proper accommodation for workers deployed in such units has been felt for long.
Sharing details, YEIDA CEO Arunvir Singh said that private firms have been asked to come forward and share ideas and design concepts for the affordable units. “We will go through the models being followed in other industrial townships. Since many workers migrate to big cities in search of green pastures, rental housing is also gaining traction. We want to create a sustainable township,” he said.
Within the next two to three years, YEIDA is expecting industrial activity to take off in the region. Consequently housing units for people engaged in such units will be needed.
The Authority will provide details of the scheme being planned in the area, along with the possession timeline to the firm. Apparel Park, Toy Cluster and allocation in Sector 32 are some schemes that are expected to generate employment in the area.
After Jewar airport, there will be another feather on Yamuna Expressway Industrial Development Authority’s cap. Chief Minister Yogi Adityanath has announced that a 1,000-acre plot located just about 6 km from the proposed Jewar International Airport, has been identified for a film city project.
While this is expected to revive the fortunes of Noida, Greater Noida and Yamuna Expressway real estate market that has taken a beating especially after the COVID-19 pandemic, the real benefits in terms of price appreciation and increased infrastructure activity will only be witnessed once construction gets underway, say real estate experts.
Besides the commercial segment which is expected to see a spurt in demand, the residential category which may benefit from this project would be the luxury segment, say experts.
“Similar to any mega infrastructure project, proposed film city too will help in reviving the property market in nearby areas like Noida, Greater Noida and Yamuna Expressway. However, the ‘real’ benefits – in terms of price appreciation and heightened real estate activity in residential, commercial and retail will be seen only once the project sees visible signs of construction activity or nears completion,” Santosh Kumar, vice chairman, Anarock Property Consultants told Moneycontrol.
Vandana Ramnani
Vandana Ramnani
Associate Editor, Real Estate|Moneycontrol News
Reduce stamp duty by 2% to boost housing demand: UP-RERA to state government
COVID-19: Are Mumbaikers ready to play house again? The affluent seem to be back in the game
Amrapali case: SC directs RBI to ensure that banks provide funding for stuck projects
Also Read: Will Jewar airport be a game-changer for real estate markets in Noida, Greater Noida and Yamuna Expressway?
For instance, property prices in Ayodhya shot up 25-30 percent back in 2019 when the SC verdict was announced and then almost doubled when the temple ‘poojan’ was done back in August.
In this case there was some activity or progress that happened. “Likewise, even while the film city project has been announced and the area for it has also been identified, we need to see some ground activity for property prices to scale up significantly. Those having land parcels nearby or even the investors will be in a wait and watch mode,” he explained.
The site is located in Sector 21 along the Yamuna Expressway in Gautam Budh Nagar which is barely an hour’s drive from Delhi. According to the presentation, of the 1000 acres, 220 acres would be kept aside for commercial activity.
“The site is also located close to the proposed logistic hub in Noida, the proposed dry port and freight corridor, thus providing all facilities of transport and movement,” chief minister Yogi Adityanath had said on September 22.
The region would also boast of an international electronics city and a global financial hub in the coming years.
The Jewar international airport is expected to be functional by 2023. While there is no official date with regard to the completion of the film city project, sources said that it could be ready by 2023.
The land identified for the project was among three proposals submitted by the Noida, Greater Noida and Yamuna Expressway Industrial Development Authorities.
Will the announcement help mitigate the impact of COVID-19?
Even before this announcement, real estate activity was already beginning to pick momentum in the NCR region. Housing enquiries in Gurgaon have reached almost the same as the pre-COVID-19 levels while in Noida and Greater Noida enquiries are back at more than 80 percent. “It will be the progress of the project that will determine its impact on the property market and the trends therein,” Kumar said.
The proposed Film City is likely to boost investment sentiments across Uttar Pradesh, particularly in areas adjoining Noida, Greater Noida and Yamuna Expressway.
“This bodes well for the real estate sector and it is likely to have a positive impact on demand for both residential as well as commercial properties. Along with upcoming Jewar Airport, the proposed Film City is expected to provide a new lease of life to existing projects and will boost new project offerings immensely,” said Dhruv Agarwala, Group CEO, Housing.com
The proposed Film City is located close to Gaurs Group’s integrated township, Gaur Yamuna City on Yamuna Expressway. “Such developments will bring positive momentum in developments and investments. This announcement would be a boon for the region both in terms of residential and commercial development. Post Jewar Airport, this is the biggest announcement for the region and we hope that the work starts soon,” said Manoj Gaur, MD, Gaurs Group.
Some experts say that the initiative is bound to improve economic activity in the region and have a major “economic multiplier effect on the local economy,” said Amit Modi, Director ABA Corp & President (elect), CREDAI Western UP.
“It will not only attract the best talent involved in the filmmaking process, but also millions of support staff and workers, who will be looking for accommodation in the region. We feel it will have a huge impact in both owned, rental, office and commercial real estate in the regions where national production houses will also be opening their satellite offices to support the filmmaking process. It is indeed a welcome step and will open gates of opportunities for the regional real estate market,” said Modi.
There may also be a possibility that once the Noida Film City is running in full force, a lot of celebrities would want to invest in and around the region for the want of easy access and reach, he said.
According to Deepak Kapoor, director, Gulshan Homz, Noida will emerge as the most robust luxury real estate destination after the film city comes about.
The demand for customized penthouses, villas, and farmhouses in the region is likely to go up in the region. The wellness home concept will also witness demand, he said.
The recently proposed plan by UP Govt. development of Film City in Sector-21 of Yamuna Expressway is going to be a monumental step in making the region of Noida the biggest entertainment and business hub of North India. It will go a long way in creating job opportunities and also transform the face and scale of real estate developments planned in the area, said Ashish Bhutani, CEO – Bhutani Infra.
Will the announcement enable Noida to finally overtake Gurgaon?
Both property markets are actually independent and it is not as if Noida will overtake Gurgaon, or vice versa, say real estate experts.
Having said this, Noida and Greater Noida still have scope for growth as property prices here are far more affordable in comparison to its counterpart in Haryana. As per ANAROCK research, the average property prices in Noida are around Rs 4,795 per sq. ft. while in Greater Noida it is Rs 3,350 per sq. ft. As for Gurgaon, the average prices hover at Rs 6,100 per sq. ft, says Kumar from Anarock.
According to an earlier report released by Knight Frank, the impact of the pandemic has been so drastic that Gurugram was pushed to second place for the first time in seven years in office leasing activity in the first half of this year. According to the report, more office space was leased in Noida in January-June as supply was available at much lower rentals in the satellite city.
According to the report, 0.92 million sq ft office space was leased in Gurugram in the first six months of 2020 compared with 1.08 million sq ft in Noida. Noida outperformed Gurugram in terms of overall transactions and became the highest contributor to gross leasing in the National Capital Region market, posting a year-on-year increase of 86 percent. This came on the heels of a 45 percent decline in gross leasing by area in the NCR in the first six months of 2020.
“Demand for office spaces has been growing in Noida mainly due to relatively high rentals in Gurugram’s established office space locations such as DLF Cyber City, Golf Course Road, MG Road and Udyog Vihar,” the Knight Frank report had said.
Better infrastructure, including roads, improved metro rail connectivity and competitive rentals helped Noida pip Gurugram, it said.
First Published on Sep 23, 2020 12:34 pm
https://www.moneycontrol.com/news/business/real-estate/will-film-city-project-near-jewar-boost-real-estate-markets-in-noida-greater-noida-and-yamuna-expressway-5874691.html
https://www.livehindustan.com/uttar-pradesh/story-film-city-airport-and-three-highways-will-change-the-picture-of-greater-noida-3509688.html