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. "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. "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. "Under a 40-year concession, the Flughafen Zurich AG will build and manage the new greenfield airport in Jewar.

Source: Economic Times December 08, 2019 03:33 UTC