At a time when overcrowding, traffic chaos, dust and noise pollution have become the hallmarks of city life, Dreamcity plots come like a breath of fresh air.
Located in the tranquil environs of Jewer, just 78 kms from Delhi and 10 km from upcoming international airport at Jewar, Dreamcity plots are amply blessed with lush greenery, fresh air and wide open spaces. Dreamcity is 45 mins drive from Delhi via Yamuna expressway. Dreamcity plots will have all facilities and conveniences for healthy, peaceful community living without upsetting the delicate balance of our ecosystem.
So whether it’s a weekend escape you have in mind or a peaceful Heaven after retirement, or maybe an attractive investment in an asset that is bound to appreciate with time, Dreamcity plots makes good business sense, anyway you look at it.
The project has dual entry from two major highways. The front entry is on 6 lanes Palwal –Aligarh highway and extends back to Yamuna expressway.
Now a nagar panchayat under the Gautama budh nagar district, Jewar was earlier part of the Bulandshahr district in Uttar Pradesh. With a population of 32,269, Jewar has yet to see full-scale development, despite being part of the NCR.
People living in many cities of western up and some cities of Rajasthan have to travel to Delhi — a journey of at least two hours — if they plan an air travel. An airport in Jewar will be a great help for these people. This airport will not only address the aviation needs of Delhi, but also of cities such as Agra, Mathura, Bulandshahr and Meerut.
According to PWC, the agency that has prepared the techno-economic feasibility report for the project, the Jewar airport is expected to handle over 10crore passengers by 2050."By 2050, the Jewar airport can serve 37 domestic and 31 international destinations," it said.
INVESTMENT IN JEWAR
Expecting the arrival of an airport, real estate developers have invested heavily around Jewar. However, a recent slump in the property market has led to a huge inventory pile-up. An upcoming airport will positively affect property prices.
Since several companies of the United States have also expressed interest in making maintenance, repair and overhaul center at the Jewar Airport, rates of property here might climb further up. 050, the Jewar Airport can serve 37 domestic and 31 international destinations," it said.
At present, Noida, Greater Noida, and the Yamuna Expressway industrial development area, despite planned development and adequate availability of water and electricity, are considered poor cousins of Gurgaon, mainly because the Millennium city is near the IGI airport, which makes it attractive for MNCs to open shop in this bustling metropolis.
According to Pankaj Bajaj, President of Credai-NCR” Noida always had better infrastructure compared to Gurgaon, but the main difference was the proximity to the airport. The forthcoming airport at Jewar will provide an uptick for all segments of the Real estate – Residential, Office, and Industrial – In anticipation”
Take for example the rentals of office space in Gurgaon. Despite the limitation of infrastructure, the current rate is around Rs 120 per sqft per month here, while it is around Rs 45 per sqft per month in Noida.
Proximity to the airport helped Gurgaon command higher rentals as well as capital values for its real estate, which in turn gave developers the leeway to build quality office space. This attracted the MNCs to move to the Millennium city and, today, almost all Fortune 500 companies have offices in the region.
Ashutosh Limaye, Head of Research at JLL, says that Noida has better infrastructure than Gurgaon, and greater sustainability, in terms of future requirement of water and power. Jewar airport will enhance the prospects of Noida and Greater Noida, which will now be competitive alternatives for corporates and high-end IT, ITE companies to set up shop.
Mudassir Zaidi, Executive Director (north) at Knight Frank India, says: "We see the swift movement on Jewar airport pushing the real estate market of these regions, which will translate into job creation. It will be too soon to say, but if executed on time, the airport will trigger the office market in Noida and Greater Noida just like the IGI airport did in Gurgaon. This in turn will translate into demand for residential and other supporting sectors in the region."