The real estate sector of Jewar has been witnessing an increase in interest from investors and industries. One of the major reasons for this increase is the growth of the upcoming Noida International Airport. Recently, the airport has been granted an aerodrome licence by the Directorate General of Civil Aviation (DGCA), which is considered to be the final stage before its operations commence.
Due to this milestone, it is expected that the region will witness rapid growth in infrastructure, logistics activity, and industrial growth. Henceforth, industrial plots near Noida International Airport have been considered to be a strategic investment opportunity
Aerodrome Licence: A Major Milestone for the Airport
The aerodrome licence is an affirmation that all safety, infrastructure, and operational requirements set by aviation authorities have been met. It is after receiving this licence that the airport is able to commence its operations after all procedures have been completed.
Reports indicate that domestic and cargo flight operations may commence within 45 days after receiving approval to operate. This means that the airport is very close to commencing its operations.
This is not only good news to aviation but also to regional economic growth. Airports usually act as a catalyst to various business clusters such as logistics parks, warehouses, manufacturing facilities, and export-oriented industries. Because of this, there has been an increase in demand for industrial plots in the area.
Strategic Location Advantage of Jewar Region
The region of Jewar in Uttar Pradesh has been planned as an important infrastructure and economic corridor. The upcoming airport will provide better connectivity to Delhi-NCR and western UP, thereby making transport more efficient and faster.
Various reasons make this region suitable for industrial development:
- Proximity to Delhi-NCR markets
- Connectivity via Yamuna Expressway
- Access to upcoming Logistics/Freight Corridors
- Government support for development of industries
Since industries are always dependent upon connectivity, the areas around the airport are often preferred for developing warehouses, distribution centers, or industries.
Why Industrial Plots Are Attracting Investors
Investors are now interested in investing in industrial plots around Noida International Airport, and this is due to the economic potential of the area in the future. This is because projects involving infrastructure development always create business opportunities in the future.
Some of the reasons why investors are interested in the area include:
Growing Logistics and Cargo Demand
Airports usually attract the interest of logistics companies and cargo operators. Since the demand for cargo operations will start simultaneously with passenger operations, the development of logistics hubs around the area may be imminent.
Development of the Industrial Corridor
The government has been planning the development of industrial zones, logistics hubs, and manufacturing centers in the area. This will definitely generate demand for industrial land.
Increasing Land Value Potential
Generally, the value of properties around infrastructure development sites has the potential to increase substantially after the start of operations. This has been the case with many infrastructure development sites.
Business Expansion Opportunities
Businesses looking to expand their operations usually prefer locations with good accessibility. The availability of industrial plots around the airport will enable businesses to easily transport their products to both local and foreign markets.
Infrastructure Development Around the Airport
Large-scale infrastructure projects are already under development in the airport region. The airport is currently under construction in various phases and is to be equipped with all facilities and infrastructure, including digital technologies.
In the first phase of its construction, the airport is to be equipped with:
- A large passenger terminal
- Modern aviation infrastructure
- Cargo and logistics facilities
- Aircraft parking and aerobridges
The airport’s first phase is meant to cater to 12 million passengers annually. This gives an idea of the economic activity that is going to be carried out in this region.
With such a large infrastructure developed, it is expected that the areas around this airport would be transformed into industrial and commercial hubs.
Future Growth of Industrial Plots Near the Airport
Experts in the field of real estate generally consider airports to be growth drivers. Similarly, this trend is also expected to continue in and around Jewar. Once the airport is up and running and industries begin to develop their facilities in and around it, this demand is expected to increase even further.
Some things are expected to happen in the coming years:
- Growth of logistics parks
- Expansion of warehousing sectors
- Development of manufacturing clusters
- Increased employment and business opportunities
All these factors can contribute to the long-term appreciation of industrial land in the region.
Conclusion
The issuance of the aerodrome licence to Noida International Airport is a step forward towards its operational launch. With the commencement of flights in the near future, it is anticipated that the region will undergo rapid development in terms of economics and infrastructure.
Due to better connectivity, logistical expansion, and industrialization, industrial plots around Noida International Airport have generated considerable interest among investors and industrialists.
ERM Global Investors assists investors in seeking opportunities in this region with its expert advice in finding lucrative land investments around the airport and other newly developing infrastructure areas.
