Civilian Flights To Take Off From Hindon Airport; To Boost Ghaziabad Realty Market
To bring down the burden of the Indira Gandhi International Airport (IGIA), that handled over six crore passengers in 2017, reports suggest that commercial flights will begin operating from the Hindon Air Force Base in Ghaziabad. The Uttar Pradesh government has already given its approval to start operating regional flights under the regional connectivity scheme (RCS).
MakaaniQ brings insights on this development and how will it impact Ghaziabad’s real estate:
Acquisition of farmers’ land underway
For the development of passenger facilities under the RCS, the Ghaziabad officials have sought to lease land from farmers with an area spanning around 10 acre at Sikandarpur village near the airbase. The plot will be utilised for building entry/exit gates and waiting facilities for the commuters. For running the civilian flight operations, the existing runway of the airbase will be used. The public works department (PWD) and the municipal corporation will supervise the supporting facilities such as roads and electricity. Moreover, an additional 35 acre of land in the vicinity is being considered for future expansion of the project.
For this, UP’s chief secretary has set the land lease rate at Rs 200 per square metre per year, which was finalised by the district magistrate, authorised by the Airports Authority of India (AAI) and the state government. Various stakeholders of the RCS were contemplating on the construction of semi-permanent portacabins to accommodate around 200 passengers during the peak hour. Several landowners, except few, have already agreed to the finalised price. While demanding a 10 per cent yearly hike in the lease rate, the owners also offered to lease out the land only for a period of three years. The lease period will be decided by the AAI.
Commercial flight operations are not allowed from any airport within a 150-km radius of the Delhi airport. This was decided in a privatisation agreement between the Delhi International Airport Limited (DIAL), a consortium led by GMR Group, and the government. According to the officials, the use of the Hindon Airbase will be a temporary measure until expansion works at the IGI Airport are not completed.
Real estate impact and more updates
Development of the Hindon airbase, about 40 kilometre from the IGIA, will not only provide improved regional air connectivity but also boost real estate developments in the neighbouring localities of Ghaziabad and East Delhi.
Already there are a lot of activities taking place in terms of new commercial, residential and infrastructure projects. For instance, the proposal to develop the Hindon Elevated Road has already received environmental clearance and will soon be inaugurated by UP’s chief minister. The corridor which is a signal-free bypass will link the National Highway-24. It will offer smooth access to those travelling from Delhi to Ghaziabad and western UP areas. The 18-km long road would ensure seamless connectivity for the commuters arriving at the Hindon airport. Besides, reaching the airbase via metro will not be tough either as the Dilshad Garden station in east Delhi is just 10 kilometres away. The metro line is set for further expansion to areas like Rajendra Nagar, Shyam Park and Mohan Nagar. Upcoming residential areas including the coveted Raj Nagar Extension in Ghaziabad will get the maximum benefits of these upcoming infrastructure projects. Other pockets and corridors which are linked directly to the airbase will also experience positive developments.