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Shifting of Jewar airport has stopped business expansion in Noida

1 Comment Sub Category:Gurgaon,Other cities,Real estate trends,Realty News Posted On: May 21, 2012

The shifting proposal of the Jewar international airport has left a negative impact among Greater Noida domestic and multinational companies and the real estate business.

Companies that were planning to expand business in Greater Noida are now thinking about their decision.

According to the Association of Greater Noida Industries, this decision is an anti-industry decision. This has given a reason to industries to withdraw their business plans from Greater Noida.

The real estate in Greater Noida was growing depending on the Jewar airport project. A number of real estate projects and five-star hotel chains started growing in the Greater Noida and along Yamuna Expressway.

According to the builders this decision hampers the development of the area and the government is also losing the revenue from the area.

This decision will leave an adverse effect on planning of export and investment in logistics. it also gave the existing companies a reason to think twice before expanding business in the area.

More related stories:

Private investment in Infrastructure project

Source: Times of India

One Response to “Shifting of Jewar airport has stopped business expansion in Noida”

  1. [...] Shifting of Jewar airport has stopped business expansion in Noida [...]

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