Noida International Airport: Jewar Property Prices Surge 28% Before Inauguration, Square Yards Report

New Delhi, March 26: With the Noida International Airport in Jewar set to be inaugurated by Prime Minister Narendra Modi on March 28, the real estate market in the surrounding region has experienced unprecedented growth. According to a latest report by online proptech platform Square Yards, property prices in the Yamuna Expressway corridor and Jewar area have seen a massive surge, driven by infrastructure development and growing investor confidence.

The report, titled "Runway to Realty: How Noida International Airport is Reshaping Real Estate" , highlights that apartment prices have nearly tripled over the past five years, while plot prices have increased by an average of 1.5 times. In certain micro-markets, price appreciation has been as high as five times, reflecting strong investor confidence backed by infrastructure development.

Price Growth Projections

According to the report, the growth trajectory is expected to continue. Over the next two years:

Plot prices are projected to increase by 28 per cent
Apartment prices are expected to rise by 22 per cent

This sustained growth is attributed to better living amenities, employment generation, and ongoing infrastructure improvements in the region.

Noida International Airport: A Game-Changer

The Noida International Airport, located in Jewar, is set to become India's largest airport upon completion of its final phase. Once fully operational, it is expected to handle approximately 225 million passengers annually, significantly enhancing the aviation capacity of the National Capital Region (NCR).

As the second civil airport in NCR, the facility is being developed as a greenfield infrastructure project of immense scale, positioned to drive economic activity and urban expansion across the region.

Vision for an Aerotropolis

A key highlight of the report is the planned aerotropolis-based development around the airport, which aims to place the region on par with global standards such as Amsterdam's Schiphol Airport. This model integrates aviation infrastructure with:

Commercial zones
Industrial and manufacturing clusters
Logistics hubs
Residential developments

The goal is to create self-sustaining urban centers that combine living, working, and connectivity in a seamless ecosystem. Improved connectivity through expressways and multimodal transit networks is expected to further reduce travel times and strengthen the region's investment appeal.

Developer and Investor Response

Tanuj Shori, Founder and CEO of Square Yards, commented on the transformation taking place in Noida's real estate market.

"Noida's real estate market is currently at a crucial turning point, where it is balancing its local roots with global aspirations. The main reason for this is the upcoming Jewar International Airport," Shori said.

He added: "This airport is driving the development of a world-class 'aerotropolis', which will have a long-term impact on housing demand, prices, and investment activity. It is also proof of how strategic infrastructure can reshape a region's identity and open doors to sustained economic growth."

Market Shift: From Periphery to Investment Hotspot

Sunita Mishra, Vice President - Research and Insights at Square Yards, noted that the Noida real estate market had previously lagged behind other NCR markets due to delays and developer challenges.

"Before construction on the Jewar Airport project accelerated, Noida's real estate market was lagging behind other NCR markets due to delays and challenges faced by developers," Mishra said.

"However, with the progress on the airport and associated infrastructure, there has been a clear shift in market sentiment. Especially in high-impact areas, developers are rapidly launching new projects to capitalize on this growing opportunity," she added.

Infrastructure Driving Commercial Development

The airport is being developed as the centerpiece of a broader economic ecosystem, featuring:

Industrial and manufacturing clusters
Logistics centers
Commercial hubs

Improved connectivity through the Yamuna Expressway, Eastern Peripheral Expressway, and upcoming metro and multimodal transit networks is expected to further enhance the region's appeal for both end-users and investors.

Outlook

As the Noida International Airport prepares for its inauguration, the Yamuna Expressway corridor is poised to become the next major investment destination in the NCR. The combination of world-class aviation infrastructure, planned aerotropolis development, and strong investor confidence suggests that the region's real estate growth story is far from over.

For homebuyers and investors, the window of opportunity may be closing rapidly, with prices expected to continue their upward trajectory in the coming years. As the report emphasizes, strategic infrastructure is reshaping regional identity and unlocking sustained economic growth across the Jewar and Yamuna Expressway corridor.