Jewar Airport: More than double return in 5 years! Why investing in land here is a realty win-win
An investor can expect at least 15 per cent per annum appreciation in land prices around Jewar Airport and in five years investor can expect a minimum of 120 per cent returns by the time airport becomes operational.
Noida International Airport in Jewar: Investment in land is one of the major attractions among real estate investors. As Modi government announced to kick-start the long-awaited Jewar International Airport in Noida, property experts have gone bullish over the land price appreciation in the region. Industry insiders are expecting at least 120 per cent gains on land investment by the time Jewar Airport would become operational.
Giving an idea about the land prices in the region Ankur Dhawan, Chief Investment Officer at PropTiger.com told Zee Business online, "There are various kinds of lands available in the region. Those being developed by the authority is available in the range of Rs 9,000 per square meter while plots developed by the developers, the prices fall in the range of Rs 22,000 to Rs 25,000 per yards. However, the agriculture plots available in the vicinity of Jewar Airport, prices are in the range of Rs 5,000 per square meter." Elaborating upon the differences among the plots being made available by authority, builders and the local farmers and risk involved in these land investments Ankur Dhawan told, "Land offered by builders are inclusive of the amenities like swimming pool, club membership, parking etc. while the plot offered by the authority lacks these amenities." On agriculture land, he said that land use has to get converted by the buyer as anybody coming to buy the land won't be interested in agriculture or farming. So, agriculture land contains the highest level of risk for investors.
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On price appreciation that an investor can expect after investing in the land around Jewar Airport Manoj Gaur, Vice President, CREDAI — national chapter told, "With the current developments, the demand is on the rise. We are expecting a price hike in the land prices around Jewar Airport to the tune of 15-20 per cent per annum. So, an investor can expect at least 120 per cent returns on one's investment in the next five years, a time frame by which the airport is expected to become operational. Also with more housing projects under affordable segment coming up soon, the demand will increase quite a bit which can marginally push the pricing upwards." However, he said that all these things would happen if the government meets its promises in regard to the Jewar International Airport.
Elaborating upon the reason for price rise in the region Amit Raheja, CMD, Wealth Clinic told, “The availability of multiple housing options which includes plots, villas, and group housing projects, Yamuna Expressway always had a sustained demand. With the work picking up the pace for Jewar Airport one can expect more demand for the region. Prices can marginally go upwards looking at the increased demand."
Speaking about the trickle down of the land price rise in the vicinity of the Jewar international airport Ankur Dhawan, Chief Investment Officer, PropTiger.com told, “Yamuna Expressway will be more popular destination compared to Noida, once Jewar airport is completed. Many corporates may move to Yamuna expressway in the future to benefit out of lower cost space and better connectivity.” He said that Jewar airport will also improve connectivity of the region with Delhi as new infrastructure is under the plan to connect Indira Gandhi International Airport (IGIA) with Jewar International Airport.