Real estate in Noida to get a major boost with the development of ‘Japanese’ and ‘Korean’ cities

financialexpress.com:

Noida is set to witness a global level transformation, with an ideology to create miniature versions of Japanese and Korean cities. The Yamuna Expressway Industrial Development Authority (YEIDA) has marked two sectors for the establishment of these industrial cities, with the acquisition of hundreds of hectares of land.

The development of these two cities would require an estimated investment of around Rs 2,500 crore, which will offer a range of facilities, including housing, schools, and hospitals. Situated just 10 kilometres away from Jewar International Airport, these cities are poised to enhance connectivity for the region.

Commenting on the same, Pawan Sharma, Managing Director, Trisol Red, said, “The presence of top-notch infrastructure, consistent power supply, internet access, and modern amenities in Noida and Greater Noida has made the region a preferred choice for foreign companies. This presents a lucrative opportunity for investors, while also promising direct benefits for residents due to the anticipated acceleration of development in the area.”

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“The close proximity of ‘Japanese’ and ‘Korean’ cities to Jewar International Airport will enhance the project’s connectivity. Additionally, with the expanding development of ‘Japanese’ and ‘Korean’ cities, there will be a swift emergence of new residential projects in the area to accommodate the workforce, thus further accelerating overall development. As a result, both investors and the residential real estate sector stand to gain significantly from this favourable scenario,” said Sanjay Sharma, Director, SKA Group.

The inauguration of the international airport in Jewar will lead to a surge in job