noida importexport business tourism real estate business and local jobgeneration are going to be the direct beneficiaries of the jewar airport industry real estate builders and market researchers see the possibility of an economic growth spurt but only when the project goes to groundapart from business the realestate sector would benefit to a great extent and speculations regarding future price escalations are already being made we are expecting a great push for the existing inventory as well as for upcoming projects in the region also we do foresee a push of real estate development deeper into the districts closer to the airport a price escalation of properties in the region is also speculated once the project takes off it is great news for the real estate business in the region manoj gaur president credai ncr saida positive impact is also expected on the exportimport based businesses of noida greater noida a lot of international visitors have been avoiding noida and greater noida as they fall offroute gurgaon has always had the edge because of its proximity to the airport and has been supporting brisk business now with an international airport in the region noida and greater noidas existing exportimport businesses would get a major push it would also make sense to set up such businesses closer to the airport vipin malhan president noida entrepreneurs association nea saidthe airport could also push of urbanization in the deeper folds of the districts surrounding the upcoming airport is foreseen a spike in real estate absorption and price escalation is also predicted once the project goes to ground however real estate pundits predict an increase only once work commences at the projectthe jewar airport announcement has been around for years noida and greater noida and the expressway region already has a lot of inventory to absorb the prices are already optimal there will definitely be an escalation once the project goes to the ground and investors and home buyers see the project taking shape surabhi arora associate director research colliers international explainedthe airport is going to fill a major infrastructure gap in the region apart from industry it would also give a major push to the tourism in the region as it will be closer to agra than the indira gandhi international airport this will bring agra and taj mahal closer to the world giving a boom to the tourism sector rajeev bansal president indian industries association iia noida saidcommenting on its impact on the local economy thakur dhirender singh mla from jewar said with the airport we expect a lot of multinational companies setting up base in and around jewar uttar pradesh presently has the mandate of creating 70 lakh jobs the companies and the ancillary industries which grow around it will lead to the job generation it will also shift the agrarian economy of rural up to a skillbased one in fact the airport will lift ups economy as a whole as well as that of entire northwe expect a huge impact