YEIDA’s Airport Smart City project to boost investment in the NCR region

YEIDA plans to develop a smart city around Jewar Airport, this will be an investment booster for this region’s real estate.

Development Plan

Jewar Airport Smart City will be one of the five greenfield smart cities around airports announced in this year’s budget. This mega modern city will come up over an area of 1400 hectares. It will be a rise in development with world-class services. It is going to have a residential and institutional area with facilities like hotels and convention centers on the lines of global cities. Yamuna Expressway Industrial Development Authority has appointed Ernst & Young for a feasibility study of the Jewar Airport Smart City. For airport development, PricewaterhouseCoopers (PWC) has been roped in as a consultant. Even before the start of construction, the airport smart city project has attained the 12th position among 100 global projects.

Pradeep Aggarwal, the Founder Chairman of Signature Global says, ” Jewar Airport will provide connectivity to boost to real estate in the region. Airport Smart City, on the other hand, will serve as a catalyst for global investments. This will provide a big push to real estate in NCR in general; Noida, Greater Noida, and Ghaziabad in particular. This will immensely benefit real estate companies operating in this region. Signature Global has a retail mall coming up in Vaishali, Ghaziabad. There is also lined up mega residential project in Raj Nagar Extension, Ghaziabad.”

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