These residential plots are close to the Yamuna Expressway and the Noida International Airport. Aug 5, 2024, is the deadline for applications to the program. An allotment of plots will take place via a lucky draw on Sep 20, 2024.
The Yamuna Expressway Industrial Development Authority (YEIDA), encouraged by the success of its residential plots scheme last year, has once again put over 350 residential plots in four different sectors near the future Noida International Airport up for sale, according to officials with knowledge of the situation.
The Authority offers approximately 361 plots in seven different sizes as part of the scheme. August 5 is the deadline for registering for the plot scheme. Plots will be distributed using a luck draw in September.
“Demand has increased across all market segments–residential, commercial, and industrial– as the Noida airport in Jewar is anticipated to commence operations shortly. Because of how quickly the area is developing, people want to live and invest close to the airport. The Authority has introduced a residential construction plot scheme to profit from these variables. The last day to register for the program is August 5, and registrations have already started,” YEIDA CEO Arun Vir Singh stated.
YEIDA conducted a draw for 1,184 residential plots across three sectors earlier in October 2023. For the 1,184 residential plots in YEIDA sectors 16, 17, and 20, as many as 1.4 lakh people submitted applications.
Plot count and location
The scheme document states that these 361 plots are spread across four distinct sectors: 16, 18, 20, and 22D. The Yamuna Expressway, which links Greater Noida with the historic towns of Agra and Mathura, is next to these plots. The proposed Film City, the Eastern Peripheral Expressway (EPE), and the future Noida International Airport are all close to these plots.
Sizes
The residential plots scheme has seven distinct categories in which the plots are available. Along with larger residential plots ranging in size from 500 to 4,000 square meters, the scheme also features mid-size residential plots measuring 120 and 200 square meters. The offerings from the YEIDA include 84 200-square-meter plots, 77 162-square-meter plots, three 200-square-meter plots, and eight 4000-square-meter plots. The plan provides the highest number of residential plots –131—in the 300 square meter range.
The scheme document states that these residential plots will cost Rs 25,900 per square meter. The 162-square-meter plot will cost roughly Rs 41.95 lakh, while the 120-square-meter plot is the smallest and will cost Rs 31.08 lakh. The approximate costs of the 200-square-meter, 300-square-meter, and 500-square-meter mid-size plots are Rs 51.8 lakh, Rs 77.7 lakh, and Rs 1.29 crore, respectively.
According to the document, the price of the large plots, which measure 1000 and 4000 sqm, respectively, will be approximately Rs 2.59 crore and Rs 10.36 core, excluding taxes and preferred location fees. The Yamuna Expressway Authority hopes to allocate these residential plots for a total revenue collection of Rs 343.04 crore.
How will these stories be divided up?
According to officials, a lucky draw will be held on September 20, 2024, to determine the distribution of these residential plots. Interested parties may pay a fee of Rs 600 to download the application form and brochure from Authrotiy’s website, www.yamunaexpresswayauthority.com.
Payment schedules
According to officials, the Authority has implemented three payment plans to facilitate payment plans to ease the payment process for successful allottees. In option one, the entire premium — including the registration fee— must be paid in full upfront within 60 days of the allotment letter’s issuance date.
Option two stipulates that half of the premium, including the registration fee, must be paid within 60 days of the allotment letter’s issuance date. According to the YEIDA scheme document, the remaining 50% must be paid in two equal half-yearly installments, which are calculated starting on the 61st day after the date of allocation, and interest is calculated at the rate of 10% annually.
Option three requires allottees to pay thirty percent of the total premium within sixty days of the allotment letter’s date of issue. The remaining 70% must be paid in ten equal half-yearly installments, with 10% interest per year, starting on the 61st day after the date of allotment.
Despite construction delays, one of the innovative projects that has altered the NCR skyline is the Noida International (Jewar) Airport. Once it’s operational, real estate goldmines like Noida, Greater Noida, and Yamuna Expressway will certainly take off. This list of the top communities that Jewar Airport will benefit from can be used by investors hoping to take advantage of this opportunity.
The operational timeline of the Noida International Airport, also known as the Jewar Airport, was recently pushed back, moving from the final quarters of 2024 to April 2025. The demand for real estate in Jewar’s surrounding areas is nevertheless persistently high due to the excitement surrounding this significant development. New residential developments are being dotted throughout the planned cities of Noida, Greater Noida, and Yamuna Expressway, as they attempt to capitalize on this situation. But as buyers, which neighborhoods should be our top priorities given the size of these cities?
Top 5 areas where Jewar Airport will be beneficial
Here is a list of the top five locations to invest in close to Jewar International Airport, based on factors such as the availability of residential stock and the potential for price appreciation brought about by additional upcoming developments.
Jewar, Greater Noida
Jewar is a suburban area only 2 km from the Yamuna Expressway. It is home to the notorious Dau Ji Mela and will soon be the location of the Noida International Airport. One of the main factors influencing buyer sentiment in this situation is connectivity, whether it be via road or air.
Other options are available to Jewar residents via the NH-334DD, which goes through the region.
The Noida Airport Rapid Metro corridor will also run through the area once the Jewar Airport is operational, linking it to the Delhi area’s Indira Gandhi International Airport, And that is not all! Other improvements to connectivity will improve Jewar’s vicinity, including:
The proposed 28-kilometer expressway from Jewar Airport to Kalindi Kunj in Delhi will connect Chola to Palwal Station via the new railway line.
An expected 28-kilometer expressway would run from Delhi’s Kalindi Kunj to Jewar Airport.
Property prices in Jewar have increased by 25% in the last few years as the many civic projects currently under construction. The residential inventory here is dominated by plots and land parcels, with an average plot rate of Rs 2,200 per sq ft currently found in Jewar.
This is comparatively cheap when you look at some of the larger nearby areas, such as Noida or Greater Noida.
Regarding the accessibility of fundamental facilities close to Jewar Airport, a few of the options that are within 3 km of the location are as follows:
Pragyan Public School
Blue Bird Public School
Kailash Hospital
Assaka Hospital
Amba Mall
The Yamuna Expressway’s Sector 22D
Situated on the Yamuna Expressway, Sector 22D is a rapidly developing residential hub and just a half-hour’s drive from the future Jewar Airport. The availability of well-known developers offering residencies at various costs draws prospective buyers to this neighborhood.
For example, investors seeking high-rise properties in recently launched projects might consider high-end developers such as Ace Group. However, Sector 22D Greater Noida provides ready-to-move-in flats by Supertech Builders, Orris Group, and Authority Flats by Yamuna Expressway if you want instant possession. A wide range of planned developments are also available to purchasers; the majority of these are governed by the Yamuna Expressway Industrial Development Authority (YEIDA).
At the moment, the average cost of real estate in Sector 22D is approximately Rs 8,300 per square foot for plots and lands, and approximately Rs 8,100 for apartments. However, Sector 22D Yamuna Expressway is regarded as one of the best areas to benefit from Jewar Airport for reasons other than the fact that apartments are readily available close to the airport.
Dankaur, Greater Noida
Another neighborhood, Dankaur, is only a 30-minute trip from Jewar Airport and provides prospective homeowners with several reasonably priced house options. In Dankaur, residential resale plots are widely available for Rs 11 lakh and above, with an average selling price of Rs 2,200 per square foot.
Since the Yamuna Expressway primarily facilitates connectivity near Jewar Airport, communities like Dankaur rely on this stretch for their commutes to Noida and Greater Noida. The Surajpur Industrial Area is only a 20-minute away. So Damnkaur homeowners can benefit from year-round rental advantages. Dankaur has many social amenities available, all within a 10-kilometer radius. Here, some of the most popular amenities are:
Situated on the Yamuna Expressway, Sector 22D, Greater Noida provides excellent access to neighboring social amenities. For example, the locality is only 8 km from Galgotias University, Noida International University, Krishna Hospital, and other places. The Sector 148 Metro Station on the Noida Aqua Metro Line is another alternative commute node; it is a 23-minute drive.
Educational Institutes
Healthcare Institutes
Recreational Spots
Gautam Buddha University
Shri Banke Bihari Hospital
Dhanauri Wetlands
N.S.P.D Public School
Kalash Hospital
Yamuna City Mall
Udai Public School
Guru Dayal Hospital
Sector-22B Shopping Center
Sector 150, Noida
A little further out of the suburbs, Noida’s Sector 150 is another excellent area that takes advantage of Jewar Airport. Despite being 45 km away, the proposed airport is readily accessible by car in 40 minutes because of Yamuna Expressway’s constant connectivity. The Noida-Greater-Noida Expressway and the Sector 148 Metro Station (Aqua Line) are two more important commuter hubs in this area.
The neighborhood has a great location advantage in addition to connectivity, as major business and commercial hubs like Sector 135, Sector 142, Sector 144, and Sector 153 Noida are only 14 km away. The neighborhood’s nearly 80% green open space content contributes to its overall liveability.
Combine this with the availability of renowned builders that provide contemporary, high-rise luxury homes, such as Godrej Properties, ATS Group, Eldeco Group, Mahagun Group, and others. However, what kind of appreciation in property value can buyers anticipate from this busy neighborhood? The flat/apartment rates in Sector 150 Noida and its historical price appreciation history are displayed in the table below.
Locality
Average Apartment Price
Price Appreciation in the 1 year
Price Appreciation in the last 3 years
Price Appreciation in the previous five years
Sector 150, Noida
Rs 10,700 per sq ft
27%
89%
98%
There is more! The extensive array of social amenities in Sector 150 Noida, some of which lie within ten kilometers, is another reason for preference. Below is a table that lists some of the most popular choices:
Educational Facilities
Medical Facilities
Recreational Facilities
GNIOT Group of Institutions
Prakash Hospital
The Grand Venice Mall
Galgotias College of Engineering
Apollo Cradle & Children’s Hospital
Inox Cinema
KR Mangalam World
Yatharth Super Speciality Hospital
MSX Mall
Greater Valley School
Gulshan One29
Chi 5, Greater Noida
Greater Noida’s Chi 5 comes last on our list of the best places to benefit from Jewar Airport. Chi 5 is only 40 minutes away by car from the soon-to-be airport, roughly 44 km away, and can be reached via the Yamuna Expressway. Furthermore, the location is only 17 km away from thriving commercial hubs such as Sector 132, Sector 135, and Sector 142 Noida due to its proximity to the Noida-Greater-Noida Expressway (5 km). The Surajpur Industrial Area (4.5km), Ecotech 2 (12 km), and Ecotech 111 (17 km) make Chi V one of the best housing hubs in terms of location.
Still, what kinds of properties should buyers search for in Chi V Greater Noida? The majority of the housing stock in the area is made up of contemporary, gated high-rise apartments, though there are a few isolated villas and plots. Purvanchal Projects, Nimbus Group, Earthcon Constructions, Amrapali Group, Proview Construction, and other prominent builders are leading the way for this reason.
Let us quickly review the average apartment prices in Chi V as shown in the table below, along with a glance at the historical price growth trajectory.
Locality
Average Apartment Prices
Price Appreciation in the last 1 year
Price Appreciation in the past three years
Price Appreciation in the previous five years
Chi V
Rs 8,300 per sq ft
38%
132%
122%
What’s more? Chi V, one of Greater Noida’s fastest-growing neighborhoods, is close to a variety of social amenities; some of the more well-liked ones are just five kilometers away and include:
The Great Venice Mall
JP International School
Samurja International School
Apollo Cradle & Children’s Hospital
Yatharth Superspeciality
MSX Mall
Considering the earlier stated details, Jewar International Airport is anticipated to yield substantial benefits and influence India’s aviation sector. The airport will open the door for more residential and commercial real estate development in and around its environs, so better connectivity is just one benefit. However, significant civic improvements are still being made to these prime locations that Jewar Airport will benefit. It is always preferable to consult a local real estate office to determine where to invest.
Both projects have the potential to receive a significant boost from the opening of the Jewar airport in Noida, which lies close to the proposed locations of these cities.
By increasing demand for residential and commercial properties, the “Japanese” and “Korean” industrial cities in Noida will likely stimulate the real estate market. This development also has the potential to improve overall living standards for locals, strengthen investor confidence, and improve infrastructure.
According to industry experts, the Yamuna Authority’s decision to designate two areas of Gautam Buddh Nagar district as “Japanese” and “Korean” industrial cities has the dual effect of bolstering bilateral ties between Japan and Korea and elevating Noida’s profile on the International investment scene.
The rise of these industrial cities could boost the Noida real estate market by attracting foreign investment, encouraging economic growth, and accelerating infrastructure development. The founder of Geetanjali Homestate, Sunil Sisodiya, said, “It represents a promising chapter in Noida’s journey towards becoming a preferred destination for international businesses and investors.”
According to Vishal Raheja, Founder & MD of InvestoXpert.com, “Noida aims to redefine its landscape, offering a conducive environment for economic growth and cultural exchange by leveraging the expertise and best practices from these dynamic urban centers.”
Both projects will receive a boost from the opening of the Jewar airport in Noida, which lies just 10 kilometers from the locations of these cities.
For investors and homebuyers, the area’s closeness to the future Jewar airport increases its allure. According to Vishal, more job opportunities and infrastructure development could lead to a spike in property values.
According to Geetanjali Homestate Founder Sunil Sisodiya, the emergence of such industrial towns could boost the real estate market in Noida by drawing in foreign capital, encouraging economic growth, and quickening the pace of infrastructure developments. This development is a significant step forward in Noida’s efforts to become a sought-after global hub for businesses and investors.
According to a report from Live Hindustan, companies from Korea and Japan plan to locate their industrial facilities in these cities. The Korean city will be in Sector 4A of the motorway, and the Japanese city will be in Sector 5A. Furthermore, housing for foreign laborers will go up in these cities.