India, May 15 -- The Union Cabinet has approved a Rs.3,706 crore semiconductor plant at Jewar, Uttar Pradesh, to be established by the HCL-Foxconn joint venture. The facility will manufacture display driver chips for mobile phones, laptops, and automobiles.

Planned on a 48-acre plot in Sector 28 under the Yamuna Expressway Industrial Development Authority (YEIDA), the plant is expected to boost real estate activity in the region, following the development momentum set by the Noida International Airport, according to experts.For first-time homebuyers, end-users, and investors, this development presents a promising opportunity, as property prices in the area remain relatively affordable. In the medium to long term, the region's evolution i...