Lawstreet Journal

Film city project near Jewar airport likely to boost property prices in Noida region

Lawstreet Journal 27 Sep 2020 9:05pm

Image courtesy: Lawstreet Journal Business Film city project near Jewar airport likely to boost property prices in Noida region

Noida, Sep 24, The setting up of a Film City along the Yamuna Expressway in western Uttar Pradesh along with the proposed airport in Jewar will give a fillip to the real estate sector in 3-4 years, developers said Thursday. this week, the UP government gave its nod to a proposal from the Yamuna Expressway Industrial Development Authority (YEIDA) for setting up the film city in an area of 1,000 acres in its Sector 21. The site near Greater Noida is around six kilometers away from the upcoming international greenfield airport and close to multiple road highways.

"This is great news for the region. Not only would a substantial number of jobs be created, but it will also put this area on the tourism map. It will have a multiplier effect on a number of support industries," CREDAI's NCR Unit President Pankaj Bajaj told PTI. He added that real estate -- residential, commercial, and retail -- is directly linked with the index of economic development of an area. "Coupled with the Jewar airport, this will definitely give a fillip to the sector in 3-4 years."

 Manoj Gaur, MD of Gaurs Group and chairman of the Affordable Housing Committee of CREDAI (National), said such major developments bring a lot of positive momentum in developments and investments."This announcement would be a boon for the region both in terms of residential and commercial development. After the Jewar airport, this is the biggest announcement for the region and we hope that the work starts soon on… Continue Reading...

Tagged: Yogi Adityanath   Chief Minister Yogi Adityanath  
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