New Delhi: It's always been a nagging dilemma for corporates when it comes to choosing between Noida and Gurgaon for setting up an office. The latter usually got the nod, a key reason being its proximity to the airport. But now with a new airport likely to come up at Jewar on the Yamuna Expressway near Noida, things might change rapidly.
A new airport here is likely to be a shot in the arm for real estate development in the region and could bring home sales back to life, which have been withering over the past couple of years. "Noida lost out over the years purely because it was far away from an airport," says Samir Jasuja, managing director at property research firm PropEquity. "A new airport will surely bring in corporate demand with more companies considering it as a secondary location which is cheaper as well. With that will come in more demand for homes as well."
07/01/15 Ravi Teja Sharma & Mihir Mishra/Economic Times
A new airport here is likely to be a shot in the arm for real estate development in the region and could bring home sales back to life, which have been withering over the past couple of years. "Noida lost out over the years purely because it was far away from an airport," says Samir Jasuja, managing director at property research firm PropEquity. "A new airport will surely bring in corporate demand with more companies considering it as a secondary location which is cheaper as well. With that will come in more demand for homes as well."
07/01/15 Ravi Teja Sharma & Mihir Mishra/Economic Times
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