Jewar International Airport to get connected to Delhi by Metro Rail

The upcoming Jewar International Airport in Uttar Pradesh had already left a positive impact on the real estate sector in the region. Ever since the project was confirmed, the demand for homes in the locality has risen and so has the number of real estate projects. This trend is expected to grow even more, as Jewar International Airport would also be getting metro connectivity. The metro rail would connect this airport with the Indira Gandhi International Airport in Delhi.

Once the development of the metro route is complete, people would be able to travel from South Delhi to Jewar International Airport in one and a half hours. With the IGI airport connected directly to Jewar Airport, it would take two and a half hours to travel between the two. RITES had submitted three different proposals for connecting the two airports in 2019.

The Yamuna Expressway Industrial Development Authority has chosen a three-phase plan for the development of the metro route. The first phase is 20 Km long, connecting Aerocity with Tughlakabad. The second phase would be an extension of the Aqua line, running for 15 Km from Tughlakabad to Noida Sector 142. The last phase is the longest, connecting Knowledge Park and Jewar International Airport with a 35.6 Km-long metro line.

The first phase is also a part of the Phase IV project by Delhi Metro and has already been undertaken by the DMRC. The development of the second and third phases would collectively cost INR 8,248 crore. With 25 stops, the third phase would be the more expensive one with an estimated cost of INR 5708 crore.

The development of the metro link and Jewar International Airport is expected to complete in 2024. Both of these would significantly boost the residential and commercial sectors. One of the prime reasons behind the growth in business activities in the NCR is the excellent connectivity features that this region offers. The boost in connectivity infrastructure due to the development of the metro route and the airport is expected to attract various blue-chip companies, MNCs and other brands.

The impact of the development of these two projects is already visible in the rising property prices in the region. The all-around growth of the locality, especially in terms of commercial prospects, would ensure profitable ROI from homes as the demand for rental accommodation would rise. Considering these future prospects, investors have already started to purchase properties here while the development is still in progress and the property rates are relatively low. Evidently, these two connectivity projects would be a major boost for the real estate sector.