Jewar Airport Set to Transform Faridabad's Real Estate Market
The arrival of Jewar Airport is expected to provide a significant boost to Faridabad's real estate market, with the region set to attract 30,000 professionals over the next five years.
Jewar AirportFaridabadReal Estate MarketCredaincrOmaxe GroupReal Estate NewsSep 26, 2024
According to recent reports, Faridabad is expected to attract around 30,000 professionals over the next five years, highlighting the need for rapid development. Already recognized as a corporate hub, the upcoming Jewar Airport is anticipated to serve as a catalyst, drawing in new businesses and increasing the demand for commercial spaces.
Faridabad's growth trajectory is further supported by additional infrastructure development, including new expressways, metro expansions, booming healthcare projects, and enhanced transportation networks. The developments surrounding Jewar Airport have boosted property appreciation in Faridabad, making it an attractive option for real estate investments.
RC Gupta, vice-president of CREDAI-NCR and MD of RPS Group, noted that with the development of Jewar Airport, Faridabad saw a 15 percent increase in demand for corporate office spaces last year. He stated,
Frequently Asked Questions
What is the expected impact of Jewar Airport on Faridabad's real estate market?
The arrival of Jewar Airport is expected to provide a significant boost to Faridabad's real estate market, with the region set to attract 30,000 professionals over the next five years.
What is the current status of Jewar Airport's development?
The Jewar Airport is currently under construction and is expected to be operational by 2025.
What are the expected benefits of Jewar Airport for Faridabad?
The airport is expected to bring in new businesses, increase demand for commercial spaces, and drive significant investments in sectors such as retail, consumer durables, textiles, energy, smartphones and appliances, and the automotive industry.
What is the role of CREDAI-NCR in the development of Faridabad's real estate market?
CREDAI-NCR is a leading advocacy group for the real estate industry in India and represents the interests of developers in the National Capital Region (NCR).
What are the investment opportunities available in Faridabad's real estate market?
Faridabad offers attractive investment opportunities in both residential and commercial real estate, with the potential for significant returns once the Jewar Airport project is completed.
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