Jewar, a small town in Uttar Pradesh along the Yamuna Expressway, is witnessing rapid growth in its real estate market, driven by the upcoming international airport, which has led to a 40% surge in land prices over the past five years, reports ‘Colliers’. Colliers India predicts that land prices in Jewar township will skyrocket by 50% by 2030, driven by rapid urban expansion.
“Jewar is a small town located along Yamuna-Expressway. It is rapidly transforming into a prominent investment destination with a combination of strategic infrastructure, industrial expansion and robust government initiatives,” said the Colliers report.
Jewar Real Estate Booms: Key Factors
Strategic infrastructure projects, including the Jewar Airport, metro expansion, and themed city developments, are driving Jewar’s rapid emergence as a key real estate hub. Additionally, construction is underway on the Jewar airport, which spans 1,334 acres, with an expected completion date of 2025.
“The upcoming Jewar airport is the biggest catalyst for urbanisation in Uttar Pradesh. Its strategic location along the newly built Yamuna Expressway, connecting the urban centres of Delhi, Noida and Agra, serves as a distinct advantage,” said the report.
Government initiatives such as YEIDA, International Film City, and Metro Line expansion have given a significant boost to Jewar’s growth as a thriving township, claimed the report.
Furthermore, the report said, “These initiatives have contributed to a land price appreciation of nearly 1.4x in the last 5 years from Rs 5,000 to Rs 7,000 per sq ft (2020-2024),”, adding that the land rates for the area is anticipated to surge further to Rs 10,482 per square feet by 2030.
Additionally, Jewar has emerged as one of India’s eight key micro-markets, experiencing rapid growth driven by significant infrastructure development.
(Disclaimer: This article is for informational purposes only and not an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
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