Tag Archives: Gautam Buddha Nagar

Why Invest in Plots Near Jewar Airport – A Survey

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An Overview:

The aviation market in India is one of the fastest-growing in the world. Delhi Airport is one of the airports which has its fair share of crowding and congestion. The Government of India has planned to establish a second air hub to address this problem namely the Jewar Airport. This intensive project, officially known as Noida International Airport, is located along with the Yamuna Expressway in Jewar. This project has immense scope to boost infrastructure development and increase the demand for commercial and residential plots near Jewar Airport

Meanwhile, if you are looking for investment in the real estate sector near the airport or close to this location, propertywala.com brings you every detail.

Why Look for Plots close to Jewar International Airport?

Make sure to do research before making an investment in a residential/ commercial plot. Accordingly, before making the final decision, learn about the location advantages in terms of connectivity, pricing, and social infrastructure. Below, is the list of advantages of purchasing a plot near Jewar Airport.  

BOTH SOCIAL AND PHYSICAL INFRASTRUCTURE:

  1. The Gautam Buddha University, a popular residential area located near Jewar on the Yamuna Expressway, adds to the area’s social infrastructure, making it a lean residential zone. 
  2. The achievement of Jewar Airport would encourage tourism, providing foreigners direct and easy access to the Taj Mahal via the Agra Expressway.
  3. Yamuna Expressway also boasts the first and only Formula 1 Circuit in India. So, there are also other sports opportunities. For example, a cricket stadium, a tennis court and, a multi-purpose stadium are also on the list of plans. 

Connectivity:

  1. The Yamuna Expressway offers an Intelligent Transport System, which aims to provide maximum safety to travelers, convenience, and security when traveling between Greater Noida and Agra.
  2. The connectivity between Agra Ring Road and the Noida-Greater Noida Expressway by the Yamuna Expressway. It will soon join with other major cities. For example Gurgaon, Rohtak, Sonipat, and Manesar in Haryana and in Uttar Pradesh – Meerut, Hapur, and Ghaziabad. 
  3. Thus, to reduce travel time and distances. Hence, the Yamuna Expressway will also connect cities such as Lucknow, Kanpur, and Gwalior. 

Manufacturing, Logistics, and More:

  1. The forthcoming Delhi-Mumbai Industrial Corridor will pass through Dadri which would improve the Yamuna Expressway’s directions, warehousing hubs, and special development zones.
  2. On the other hand, more than ten-10 companies, like the USA, Korea, Japan, etc. are raising manufacturing plants along the Yamuna Expressway near Jewar airport.
  3. In last, at the suggestion of the Yamuna Expressway, the Industrial Development Authority (YEIDA), has suggested constructing an Information Technology hub with an investment of about Rs.15 crores. 

Residential Plots Near Jewar Airport:

In fact, after the pandemic home buyers were looking for a property with enough space to accommodate a home office. While apartments are still the mildest form of property investment, residential plots are now a close second to apartments. Areas with huge developed infrastructure projects like Jewar are attracting eyeballs, allowing homebuyers and investors to make smart and wise decisions. A large group of people is expecting to invest in the context of residential plots near Jewar airport as they anticipate a significant increase in land prices.

This graph shows that the typical price for residential plots close to Jewar Airport is:

According to the graph, the average prices for residential plots close to Jewar Airport are Rs.28,193 per sq. yard (Apr-Jun 2022). These prices increased by 34% from Q1 2022 to Q2 2022. Annually, the residential plots near Jewar Airport have increased from Rs.15,533 (Apr-Jun 2021) to Rs.28,193 per sq. yard (Apr-Jun 2022)

 

Leading neighborhoods with residential plots near Jewar Airport-

AreasPlot SizeAverage Prices
Jewar50 Sq ydRs.6.5 lakh onwards
Dankaur120 Sq ydRs.9.5 lakh onwards
Yamuna Expressway900 Sq ydRs.46 lakh onwards
table shows the plots size and its prices of residential plots

Commercial Plots near Jewar Airport:

In accordance with the given graph, average prices for commercial plots near Jewar Airport are Rs.20,524 per sq yard (April-June 2022). These prices have increased by 64% from Q1 2022 to Q2 2022.

There has been an increase in demand for commercial properties and plots in Noida/Greater Noida for the past few years. People have started looking at commercial investment from the perspective of rental income and capital growth. An ambitious project, Jewar Airport, is important in attracting many people to commercial business investment. Hence, the demand is increasing for commercial land for office buildings and plots in the region. 

But, if we compare the average costs of commercial lands from last year, i.e. from Jan-Sep 2021, they have witnessed a massive fall from Rs.1,15,981 from April-June 2022 to Rs.28,193 per sq yard (April-June 2022).

Leading locations near Jewar Airport with commercial plots-

AreasPlot SizeAverage Prices
Yamuna Expressway100 Sq ydRs.9.2 lakh onwards
Jewar3468 Sq ydRs.3.2 crores onwards
Knowledge Park 51783 Sq ydRs.5.50 crores onwards
Knowledge Park 32153 sq yd Rs.7.50 crores onwards
table shows the plot size and average prices of commercial plots

Jewar Airport – area plot owned by the Yamuna Authority:

Near Jewar on the Yamuna Expressway, Greater Noida, Yamuna Authority offers a variety of commercial and residential plots known as Authority Plots. There are various site configurations are available, enabling potential buyers to construct luxurious houses and offices according to their tastes. 

Types of Authority Plots along the Yamuna Expressway close to Jewar Airport-

Plot TypeMinimum PriceMaximum Price
Residential Authority Plots near Jewar AirportRs.9.5 LakhsRs.85 Lakhs
Commercial Authority Plots near Jewar AirportRs.83 LakhsRs.1.60 Crores
table shows the plot type with its mini. as well as max. price near Jewar airport
 

Explore Newest Updates on Plots near Jewar International Airport:

  1. Due to the highly increased demand for plots near Jewar Airport, the Yamuna Expressway Industrial Development Authority (YEIDA) conducted a lucky draw to allot six commercial/industrial plots in Sectors 32 and 33, each measuring at least 4,000 square meters. Before the construction of the Jewar airport began, the administration said that there were no buyers for these plots. But as soon as the building work started, some 80 companies applied for these plots, and picking winners from a lucky draw is a terrific way. 
  2. The government approved the construction of a road connecting Haryana to the forthcoming Jewar Airport in Gautam Buddha Nagar, UP district. With a budget of Rs.2,414.67 crores, this project connects UP West, Mathura, and Agra and will also be finished in two years.
  3. In order to become India’s first greenfield digital airport, NIA (Noida International Airport) selected ICAD Holding as its MSI (Master System Integrator) consultant. The NIA wants to apply paperless processing across checkpoints by using the government’s DigiYatra policy. 
  4. YIAPL (Yamuna International Airport Private Limited) and the Airports Authority of India (AAI) have signed a contract for the provision of ATM (Air Traffic Management) and CNS (Communication Navigation Surveillance Systems) amenities at the Noida International Airport. Moreover, the airport will also have Advanced Control Systems, Surface Movement Guidance, and ATS Automation Systems to allow situational awareness and provide decision support to Air Traffic Controllers for smooth weather operations.

New Updates:

  1. After getting approval from AAI (Airports Authority of India) and the Airports Ministry, YEIDA (The Yamuna Expressway Industrial Development Authority) approved the Jewar Airport Master Plan.
  2. YIAPL (Yamuna International Airport Private Limited) announced fund arrangements via using loans. YIAPL specified raising Rs.3,725 crores as a loan from SBI (State Bank of India), an amount that will be repaid over 20 years post-completion of the project.  
  3. Zurich Airport and NIAL (Noida International Airport Limited) signed a shareholder contract for the development of Jewar Airport. The project will be. YIAPL (Yamuna International Airport Private Limited), a subsidiary of Zurich International Airport, will tackle the project. 
  4. BCAS ( Bureau of Civil Aviation Security) granted a security certification to Noida International Airport, the Jewar Airport. Therefore, the Jewar Airport Master Plan’s still pending approval remains a regulatory obstacle.
  5. According to the statement of Uttar Pradesh Minister Nand Gopal Gupta Nandi, “100% of land acquisition for the Noida International Airport or Jewar Airport is completed. The airport is spread across 1,334 hectares of land, and its testing will begin in March 2024. Once the testing ends, the airport will be ready to use by October 2024.

The Master plan of Jewar Airport for 2041:

During the 74th board meeting, the YEIDA (Yamuna Expressway Industrial Development Authority), discussed the after-construction of the Jewar airport master plan. Then, MARS Planning and Service Pvt Limited received the area development tender on 24th August 2022. Thus, the focus on the development of the surrounding area of the Jewar airport is the ‘Master Plan 2041’. About 35 lakh people would live in the urbanized area of 32,000+ hectares revealed by the draft. Near the Jewar airport, the authority also plans to focus on developing a modern and urban green city in a better way.

At last, according to the plan, the city will have an amazing transport system which will make it traffic-free. Therefore, the authority plans to construct industrial areas close to the Jewar airport and enhance connectivity by launching new metro routes.

The Verdict:  Purchasing Land In Future Near Jewar Airport:

Further, there is a bright future for plots near Jewar airport which are excellent investment opportunities in the land. As everyone knows the rising price trends of properties near airports in other major cities such as Bangalore, Mumbai, and Delhi, land near Jewar airport will also rise. The flow of prices in property, however, may not be sudden, it may fluctuate with the progress of the airport construction and drive valuable returns soon after completion.

The airport will be established in Noida on the global logistics map as a game changer. After the completion of Jewar Airport, it will also push toward economic activities around the NCR regions and create a large pool of job opportunities in the region, as well as excellent connectivity and transportation options that will be available near the airport. For example- Knowledge Park, Jewar, and the Yamuna Expressway. 

The residential plots ensure a pleasant life, while the commercial plots are ideal from a business standpoint. It would be right to advise that purchasing a plot now will enable you to obtain big rewards later on.

New Project: Jaypee Greens Yamuna Vihar, Sports City East, Greater Noida

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Construction major Jaypee Infratech has launched a new residential project called Jaypee Greens Yamuna Vihar as a part of its Greater Noida based township, Jaypee Greens Sports City. The project offers residential plots of around 200 and 300 sq yard with a cost of Rs 27000 per sq yard. An pre-launch discount of Rs 900 per sq yard is being offered for a limited time taking the cost to Rs 26100 per sq yard. Booking amount is Rs 4 lakh which can be paid via Demand Draft in favour of Jaypee Infratech Ltd.

Visit jaypeegreensyamunavihar.propertywala.com for more information and booking.

Relief in Patwari Village, Admin Begins Paying

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Greater Noida: The out of court agreement reached between a 15-member committee of Patwari and the officials are super quick in making payment of revised land rates. Officials on Tuesday distributed cheques among 24 farmers. Another 14 farmers have signed the draft agreement. The CEO Rama Raman of GNIDA confirmed the payment.

If the Patwari pact stands, it will save 20,000 under constructed houses in the village. Generally, authority takes months to pay compensations but in it’s desperation this time the authority is issuing cheques in hurry. GNIDA will give the increased cash compensation to only those farmers who agree to the deal through affidavits, stating they will withdraw petitions and will never challenge the deal in court. The authority, three years ago acquired 589 hectares of land in Patwari at Rs 850 per sq m. About 15% of farmers have not accepted the compensation. Now, the compensation has been hiked to Rs 1400 per sq m. Of Rs 550 hiked, Rs 290 will be borne by the builders.

Talks Fails, GNIDA CEO faces ‘Hostile’ Crowd.

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Greater Noida: 11 days left for the state government to work out an out of court settlement with Noida Extension farmers, the GNIDA has rushed talks but without success. The discussion between authority and the farmers of Patwari village failed on the issue of compensation, because back to back court orders quashing forcible land acquisition. The fate of 1 lakh houses in Noida Extension hangs in the balance.

The CEO of GNIDA Rama Raman, faced a hostile crowd of farmers, who said if the authority could not hike the compensation then there is no point of holding this discussion. They also accused the authority of trying dividing farmers by giving rehabilitations and other benefits to selected farmers, to weaken the movement against land acquisition.

Farmer leader said the authority is trying to play divide and rule policy by keeping land of some influential farmers. He told CEO, no out of court settlement could be reached out without hiking the compensation. The CEO said 4 bighas of land belonging to the village head would be regularized and not termed as encroachment.

The discussion between the authority and the Patwari village’s farmers failed on the issue of compensation. The authority wants to acquire the land and pay according to new acquisition and rehabilitation policy which allows the authority to give farmers bigger developed land plots, Rs 200 more per sqm as cash compensation, besides annuity payouts.

Proposed Delhi Metro Project to Greater Noida through Noida Extension Shelved

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In Noida extension land buyers woes know no end. The Allahabad court quashed acquisition of about 600 hectares of land in village Patwari. Almost 20,000 buyers have been affected. But the damage caused is huge.  The court deferred its hearing on a petition till July 26 challenging the acquisition of 466 hectares of land in Roza-Yaqoobpur village.

The GNIDA will have to dig up two important inter-city road links and make the stretch fit for cultivation. The authority will not be able to build its Metro line from Noida to Greater Noida via Noida extension. The CEO Rama Raman, GNIDA, confirmed the undoing of the road links and shelving of Metro  project.

GNIDA has so far spent INR 1500 crore in Noida extension in terms of development to its infrastructure. The common catchphrase is, when roads have to be dug up and returned then why build one? The Deputy CEO Akhilesh Singh of GNIDA said, 70% work on Greater Noida – Noida road which is 130mtr wide and 28 Km long is over. The link was even operational in patches. But since it passes through Shahberi, Patwari and some other villages, so this road might have to be returned to the farmers in the form of agricultural field. Similarly, the Greater Noida – Ghaziabad road which stretches 60mtr wide, 22 Km long will have to be undone as its land also falls within the affected areas of Noida Extension.

The Supreme Court Upheld the Noida Extension Order

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The Supreme court had upheld the order of Allahabad High Court that had nullified the possession of Greater Noida Authority of land of Greater Noida in Shahberi Village. Also, Supreme Court had imposed a fine of INR 10 lakh on the Greater Noida Authority. The SC said the Greater Noida Authority bought lands from farmers for industrial projects but later they changed the land usage to residential projects which is a complete act of violation of the purpose of the land. The SC’s decision is likely to affect several builders – Amarpali, Ajnara, Mahagun, Supertech and Panchsheel.

On the contrary, Supertech Limited has not launched or sold any project on the land falling in this village. This village is closest to the project Eco Village2 but the current land of this project does not belong to this village. Construction is on for all the 3 projects – Ecovillage-1, Ecovillage-2, Ecovillage-3) in Noida Extn. Thus all the investments are fully safe and project would be completed on time. The Ecovillage housing are affordable with starting price as 9.85 lakhs.

So, Noida Extension’s loss will yield an unexpected gain for other locations such as Noida, Indirapuram, Vaishali, Vasundhara and Raj Nagar Extension?

Babus Turn Out to be Ingenious Investors.

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NEW DELHI: Out of the 4,587 members of the IAS, about 660 has not filed their statements even on the last day for declaring immovable property.The statements posted on the department of personnel and training website shows how babus are clever investors since most of them own several properties, Greater Noida is the most preferred investment place, followed by other parts of the extensive and fast growing NCR.

Any senior bureaucrat on Central deputation owns a plot or flat or house in Greater Noida. It is also a favourite destination for babus of AGMUT cadre, who are usually posted in Delhi at some point of their careers.

Several officers, irrespective of their ranks, own several properties. However, there are certain exceptions among senior officials, whose returns show that neither they nor their spouses own any property. Many officers have not filled in the column on current market value on the plea that they have not determined it. There are some statements, which show suspect at first glance.

Former NDMC chairman Parimal Rai, who was one of the officers indicated in the Shunglu Commission report, has declared 08 properties, including 02 flats in posh area of Green Park. He has valued the flats at Rs 10 lakh each, which is out of sync with the prevailing property prices in the city. His other propertues include a four-bedroom deluxe flat in Lucknow, and a plot in Ghaziabad. A K Mehta, a J K cadre 1978 batch Joint Secretary in UUD ministry, owns 10 immovable properties, which are three plots – two of which are in Golf City (Noida sector 75) worth Rs 37 lakh each – and a property in a Dwarka mall worth Rs 16 lakh.