With a capacity of about 30-50 million passengers a year this aviation port would be ready with 5-6 years easing the burden of ICI Delhi.
In the words of CREDAIChairman, Getamber Anand “ We welcome this decision. It was much awaited. A new airport in Jewar will increase economic activity in this area. There will be huge job generation “.
It will surely hail the property markets of Noida, Greater Noida and Yamuna Expressway. Getamber says for better connectivity between Jewar and Delhi. Metros to run upto Jewar. NAREDCO President Parveen Jain expecting rise in real estate investments. So did the Supertech Chairman, R. K. Arora says would increase demands in real estate sector.
Delhi-NCR is facing multiyear slow downthus resulting delay in completion of huge projects.
Civil Aviation Minister Ashok Gajapathi Raju gavrE clearance to greenfield airport at Jewar. About 3,000 hectares of land available for the project as per Yamuna Expressway Industrial Authority with a total of 15000-20000 crore expense.