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ToggleInvesting in land near the upcoming Noida International Airport, commonly known as Jewar Airport, presents a promising opportunity for both individual buyers and
investors. The area is set for significant infrastructural development, which is expected to lead to an increase in property prices. However, it is important to understand the legal landscape to ensure a safe investment. This comprehensive guide outlines the key legal aspects to consider when buying plots near Jewar airport, backed by facts and figures from reputable sources.
The Uttar Pradesh government is actively acquiring land for the development of Jewar Airport. In the first phase, about 1,441 hectares of land was acquired from eight
villages, including Rohi, Parohi, Banwaribas, Ramner, Dayanatpur, Kishorepur, Mukimpur Shivara, and Ranhera. It is essential to verify that the land you are interested in is not earmarked for government projects or falls in restricted areas. Engaging with the Yamuna Expressway Industrial Development Authority (YEIDA) can provide clarity on zoning regulations and permissible land uses.
Before finalizing any land purchase, conduct a thorough title search to confirm the seller’s ownership and ensure the land is free from any encumbrances or legal disputes. This step is crucial to preventing future complications. Consulting legal experts or property lawyers can help confirm the authenticity of land records and ownership documents.
The area around Jewar Airport is rapidly developing, with YEIDA executing various residential and commercial projects. For instance, YEIDA has allotted industrial and commercial plots in Sector 32 and 33 through a lottery system, each measuring more than 4,000 square meters. Prospective buyers should ensure that their intended land use is in line with the development plans of the area and obtain the necessary approvals from local authorities.
Compliance with local building codes and regulations is mandatory. Before starting any construction, obtain the necessary approvals and permits from the relevant authorities. This includes following the guidelines set by YEIDA and other regulatory bodies to ensure compliance with regional development norms.
Land prices near Jewar Airport have increased significantly. Average land prices around Jewar International Airport range from Rs.1,000 to Rs.2,500 per sq. ft, depending on proximity to the airport. Being aware of current market trends and properly evaluating the property can help in making the right investment decision.
The strategic location of plots near Jewar Airport offers seamless connectivity to Delhi, Noida, Greater Noida, and Agra via the Yamuna Expressway. The development of world-class facilities at Jewar Airport is expected to attract tourists, businesses, and residents, further driving demand for nearby plots. Evaluating the existing and planned infrastructure can provide insights into the potential growth and value appreciation of the land.
Engaging a qualified legal professional to conduct due diligence is crucial. This includes verifying land records, ensuring compliance with zoning laws, and confirming that there are no pending litigation or disputes associated with the land. Proper legal scrutiny can mitigate risks and safeguard your investment.
In cases where land is acquired for public projects, the government provides compensation and rehabilitation to affected landowners. For example, during the land acquisition for Jewar Airport, the Uttar Pradesh government fixed land rates and engaged with farmers to address their concerns. Understanding these policies can help in assessing the fairness of compensation and the availability of rehabilitation options.
Staying updated with legal developments and government notifications is essential. For instance, unauthorized construction on notified land have led to demolition notices being issued to around 200 farmers near Jewar Airport. Regularly monitoring such developments can help in avoiding legal pitfalls and ensuring compliance with regulations.