Green Cargo Airport in Alwar to boost the real estate market of Bhiwadi

The Ministry of Aviation has approved a Green Field Cargo Airport in the Alwar district of Rajasthan in order to open doors for trading activities on the Delhi-Mumbai Industrial Corridor (DMIC).

DMIC, the industrial corridor between the wealthy north and the prosperous west, offers businesses a convenient access to two of the largest consumer markets in India. The move will benefit industrial towns in the region such as Bhiwadi, Rewari, Neemrana and Manesar.

Authorities have marked 636 hectares of land in the first phase for developing Kotkasim aerocity. The airport is likely to turn areas of Kotkasim and Tejara Tehsil into one of the biggest cargo and logistics hub in north India.

Sumit Berry, Managing Director, BDI Group says, “The project will boost economic activities in the region, generating enormous employment opportunities. Being near to NCR and catering strongly to the DMIC corridor, the project will attract a lot of economic and investment opportunities raising demand for workforce. As a tangential effect, the demand for properties, especially affordable housing, is touted to increase manifold in the future.”

The project is also believed to have a collateral impact on the nearby real estate market, especially Bhiwadi, the industrial hub of Rajasthan. Bhiwadi is well connected to Delhi, Jaipur and Alwar.

The city has around 2,700 industries, which include steel mills, furnaces, automobile and electronics manufacturing. Some of the famous among them are Gillette India, Jaguar and Company, Honda Motorcycle and Scooter India, and Procter & Gamble.