Jewar Township
Img : shapoorjirealestate

The proposed Greenfield International airport at Jewar is already boosting the economy of the area with many real estate developers and industries started investing here. From the date, the government has made the announcement; there has been a lot of excitement among people residing around the area.

Now, as the progress of Jewar airport is getting closer, the regions in and around has started feeling the heat for a massive real estate boom. In the latest development, the Yamuna Authority (YEIDA) has announced to develop a world-class city around it. Yesterday, some of the top officials of YEIDA hold a meeting with representatives of Shapoorji Pallonji construction firm that showed interest in taking on the development work.

Giving more information on this, YEIDA CEO Arun Vir Singh said, “The proposed city would be world-class in all respects. People living in the neighbouring areas, whose land would be acquired, are mainly into animal husbandry and farming business. The new project will rope in all these people to provide them job opportunities.”

He further said that renowned group Shapoorji Pallonji had expressed interest in developing the city. During the meeting, the company representatives said that they have experience in building diverse civil and structural engineering infrastructure projects like stadium, auditorium, airports, hotels, hospitals, townships, etc. We will look into their proposal and finalize after looking at all the aspects.

Authority officials said that the Union environment and forests ministry had already approved the techno-economic feasibility report which has been put online for 45 days, seeking any objections. Once it will be done, environmental clearance will be granted to the project.

A few days later, the Civil Aviation Ministry made an announcement that the Uttar Pradesh Government is likely to complete the land acquisition process for Jewar Airport in next 2 months. Civil Aviation Secretary R N Choubey said that once the land acquisition process will be completed bids for PPP (Public Private Partnership) will be invited in October.

The central Government is expecting to finalize bids by December so that the foundation stone laying ceremony should take place in December.