NCR registers 137% spike in housing prices in 5 years: Report
The spike is riding on the back of renewed investor confidence, strong homeownership sentiments, large-scale infrastructure development and rising cost of land and construction.
The government has cleared a proposal for setting up a greenfield airport in Jewar in Greater Noida, which is likely to be operational in the next five to six years.
Civil Aviation Minister Ashok Gajapathi Raju said at a press briefing here on Saturday that "in-principle clearance has been granted" for the airport.
The Yamuna Expressway Industrial Development Authority has notified 3,000 hectares of land for a world-class international airport, Raju added.
Advertisement
"Noida International Airport will cater to 30-50 million passengers per year over the next 10-15 years," Raju tweeted.
The airport will help reduce congestion at the Delhi international airport.
"In Delhi, we are expecting 91 million passengers by 2020 and 109 million passengers by 2024," Raju told reporters.
Advertisement
