Gaurav Mavi, Co-founder, BOP.in

Noida International Airport is set to transform the NCR landscape as it gets ready with its first phase getting operational this festive season. In the light of this, investors are eyeing Jewar for residential and commercial opportunities. But myths about bans, unclear zoning, and RERA rules often create confusion. Here’s a fact-checked guide  to make an informed  investment decision.

Many people think that real estate transactions are banned within 10 km of the airport. This is not true. There is no blanket ban on real estate transactions. Restrictions only apply to specific zones with aviation safety, floodplains, or environmental buffers. Bans exist to prevent illegal construction and to protect the airport within 10 km radius, from unauthorised and unsafe constructions. The action will only impact the illegal constructions that do not have a valid ‘No Objection Certificate’ (NOC) from the Airport Authority of India (AAI).The construction plan should be approved  from the Yamuna Expressway Industrial Development  Authority (YEIDA), with  height clearances as per the AAI’s funnel zone guidelines.

All About Documentation  and Clearances 

While deciding to invest near the Jewar Airport, one needs to do a little more due diligence because it is a sensitive zone, which requires more documentation and clearances. Here’s a ready guide. Before investing, one must confirm that land title and ownership are clear and there are no disputes.     Check to see if the mutation and registry records match the agreement.  Land use approvals and zone verification from YEIDA are necessary. If the project falls in environmentally sensitive area, environmental clearance is required. Confirm RERA registration. Buying agricultural land directly is risky unless it has been legally converted for residential or commercial use.

Keep in mind that not all land near Jewar Airport is open for purchase. Portions of land are reserved for future  airport expansion, green belts and environmental buffers  and government acquired land for public projects. One should invest in land near Jewar Airport which is officially alloted by YEIDA and RERA. YEIDA’s Master Plan 2041 outlines residential, commercial ,institutional and industrial areas. Construction activities are restricted in and around river beds, forested environments and ecologically sensitive areas. The project will have to pass the Environment Impact Assesment (EIA) norms. The builder also needs to comply with airport safety requirements about height, noise, and pollution.  

Please note that RERA is fully applicable around Jewar Airport. Any project above 500 sq mts or having 8 units, must be registered under RERA.  For hassle-free and safe investment,  buiyers should verify RERA registration number, builder’s delivery timelines, and compliances with dispute -redressal norms. This protects investors from delays and fraudulent pre-launch schemes that are often in circulation in the fast-developing regions. 

The verification of ownership is very significant. The investors should make sure that  there are definite legal rights from the seller. Check that the land in question is not involved in any litigation. Check the mutation records and check against the YEIDA allotment letters for the respective group housing or plotted project.  

Best Areas For Investment

As Jewar Airport is under construction,  YEIDA has identified various zones under its master plan.  Residential: Sector 18 and Sector 20 have been in development for the residential plots, and YEIDA also has promising investment locations.   Commercial/Industrial: Sectors 28, 29, and the logistics corridors along the Yamuna Expressway are the major areas for development. Then there are mixed-use areas near the forthcoming Film City and airport logistics parks. These areas have greater clarity of use and, as such, they have better appreciation potential.

Investment Prospects

The Jewar Airport is expected to become a prominent investment area for NCR’s southern growth corridor, much like Gurugram after IGI Airport’s expansion. With mega projects like the Film City, industrial hubs, and logistics parks, appreciation is almost certain in the long term. Major private players and the government are investing in the development of a commercial and residential township. Big players like Godrej, Gaurs, Eldeco, and  Yamuna Expressway Industrial Development Authority (YEIDA)  are developing housing plots in sectors 22D, 18, and 17. The area near Jewar has become a hotspot for investment, as several residential projects are underway or planned in the proximity to the airport, such as MPB Jewar residential plots, Mangalam Jewar city Property, and Vrinda Jewar city Property. Jewar Airport is poised to become a major Industrial corridor, which will open the doors to big firms and residential investment. Growth in the real estate is inevitable near the Airport.

However, investors should remain cautious. Stick to YEIDA-approved sectors,  RERA-registered projects, and verified residential and commercial plots. Avoid unregistered schemes or agricultural land without proper conversion. Jewar is booming to become a hot investment opportunity with the real estate prices set to see spurt in the region.