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.