Never miss a story

Get subscribed to our newsletter


×
The Jewar international airport is expected to increase the employment rate in the region. (Representational Image). Lifetime Stock

BY ROHIT VAID

The upcoming International Airport at the Jewar township of Greater Noida is expected to be a growth catalyst for the region, say industry analysts, as the project is expected to create urban infrastructure and generate jobs.


Accordingly, experts have predicted the project to not only boost the aviation industry but also a host of other sectors such as real estate, hospitality, tourism, transportation and construction.

“Jewar Airport will provide an impetus to the real estate sector in Noida, Greater Noida and Yamuna Expressway,” JLL India’s Chief Economist Research and REIS Samantak Das told IANS.

“Real estate developers and corporates will be encouraged to invest in commercial real estate in the region. It would lead to a jump in investment and infrastructural development leading to rising in demand for both residential and commercial properties.”


Experts have predicted the Jewar international airport project to not only boost the aviation industry but also a host of other sectors. (Representational Image). Lifetime Stock

Additionally, Das pointed out that apart from residential, commercial and residential segment, the demand for logistics and warehousing sector is expected to get a boost by development of Jewar Airport.

“It will also lead to growth in manufacturing and exports sector. Since the region is also near to tourist attractions such as Taj Mahal, Mathura, the tourism sector will also be positively impacted by the development of the airport,” Das said.

ANAROCK Property Consultants’ Vice Chairman Santhosh Kumar, said: “As far as job creation and value addition is concerned, the project will definitely give a major boost in the future.

“But again, this also depends on actual ground implementation of the project. As and when the project progresses, it will help revive the property market in nearby areas like Noida, Greater Noida and Yamuna Expressway.”

Besides, Kumar expects the new airport to increase demand for the housing sector and even lead to an uptick in terms of commercial activities including office spaces and retail.

“More and more office spaces will erupt along the region as rentals will be relatively cheaper than Gurgaon and even Delhi,” he said.

Aviation industry insiders, including airline executives, said that the new airport, once fully developed, will aid in decongesting the Delhi’s IGI Airport.

“It will definitely expand the reach of air services to a larger population base of the NCR region,” an airline management executive told IANS.

Locals of the Jewar township told IANS that they expect more employment opportunities arising out of the airport development.


Aviation industry insiderssaid that the new airport, once fully developed, will aid in decongesting the Delhi’s IGI Airport. (Representational Image). Pixabay

“Future generations will be able to reap more employment opportunities as a direct result of the airport development,” Ashok Kumar, a resident of Ranhera village of Jewar township told IANS.

“Employment opportunities in transport and hospitality sectors are being scouted even by the current working generation.”

However, others like Naipal Singh of Rohi village, though supportive of the project is not satisfied with the compensation given by the state government for acquisition of his land parcel for the airport project.

Last month, Zurich Airport International AG was selected as the concessionaire for developing the airport at Jewar.

The company, headquartered in Switzerland, made the highest per-passenger bid for the airport. The Swiss company operates the Zurich Airport, and eight airports in Latin America.

“Under a 40-year concession, the Flughafen Zurich AG will build and manage the new greenfield airport in Jewar. The new airport will be located around 80 km south of Delhi and will be fundamental to accommodate the expected flight traffic growth rates in the National Capital Region,” the company had said.

“The capital investment associated with the first phase is expected to amount to roughly CHF (Swiss francs) 650 million during the construction period of approximately four years. The first phase will be able to accommodate around 12 million passengers per year,” it added.

Also Read- Here’s Why Twitter CEO Jack Dorsey Prefers DuckDuckGo over Google

The Noida International Airport will come up in a 5,000-hectare area and is estimated to cost around Rs 30,000 crore.

The first phase of the airport will be spread over 1,334 hectares and cost Rs 4,588 crore. It is expected to be completed by 2023. (IANS)


Popular

IANS

The Centre will launch a pilot project on the use of indigenously manufactured drones for delivering medicines in the undulating landscape of Jammu and surrounding areas from Saturday

The Centre will launch a pilot project on the use of indigenously manufactured drones for delivering medicines in the undulating landscape of Jammu and surrounding areas from Saturday with a focus on vaccines delivery initially. "This is going to be a pilot project for the area. The drone is developed and manufactured entirely by our scientists," Union Minister for Science & Technology, Dr Jitendra Singh told mediapersons. Singh said he himself will be launching the project at Jammu.

The drone is developed by the scientists at Bengaluru's National Aerospace Laboratories (NAL), a constituent of Council of Scientific and Industrial Research (CSIR), an autonomous Society that is headed by the Prime Minister. For now, the delivery would be limited to Covid vaccines and once successful, it would be expanded to be used for regular delivery of medicines in the remote, hilly areas.

drone flying in sky The drone is developed by the scientists at Bengaluru's National Aerospace Laboratories (NAL). | Photo by Jason Blackeye on Unsplash

Keep Reading Show less
IANS

According to him Amitabh Bachchan is a great actor in the industry.

Bollywood actor Abhishek Bachchan shares how he feels when people compare him with his father Amitabh Bachchan on the singing reality show 'Sa Re Ga Ma Pa'. He also requests contestant Rajshree Bag to sing a track 'Bahon Mein Chale Aao' featuring his mother Jaya Bachchan.

Abhishek said after looking at the performance of Rajshree, who is often compared with Lata Mangeshkar on the show, that she reminds him of being compared with his father. "Rajshree, whenever I have got the chance to watch the show, I've seen people compare you to Lata didi. It actually reminded me about how people compare me with my father and ask me how I feel about it."

According to him Amitabh Bachchan is a great actor in the industry and this is what he says to everyone making these comparisons. "My answer to them is that there's no greater actor in this film industry than Amitabh Bachchan and if I'm being compared to him, I am sure I must have done something good."

"Similarly, your voice has a different kind of magic like Lata ji and that's why people are comparing your voice with her. I feel you should always take this as a compliment," he concluded. 'Sa Re Ga Ma Pa' airs on Saturday and Sunday on Zee TV. (IANS/ MBI)


Keep Reading Show less
Photo by Aaron Burden on Unsplash

Winters in India have always beckoned for that hot, steaming bowl of tomato and pepper rasam or the mellow, millet based Raab.

By IANSlife

Winters in India have always beckoned for that hot, steaming bowl of tomato and pepper rasam or the mellow, millet based Raab. Certain dishes like sarson ka saag, undhiyu, nimona pulao are winter specialites in the country. Seasonal food has always been an Indian speciality -- we switch our choice in fruits, vegetables, sometimes even grains with the onset of different season. The preference of using specific ingredients during certain climates is visible in our sweets as well. It's common to find local and traditional delicacies made of jaggery, instead of sugar during the winters. Case in point -- the Nolen Gur Rasgulla, a speciality made in Odisha and West Bengal between November to February.

Sarson Ka Saag | Sarson ka saag is traditional Punjabi dish Certain dishes like sarson ka saag, undhiyu, nimona pulao are winter specialites in the country. | Flickr

Keep reading... Show less