How Jewar Airport Will Impact the Noida Real Estate Market

January 18th, 2025

How Jewar Airport Will Impact the Noida Real Estate Market

Jewar Airport is transforming the Greater Noida and Noida real estate markets – by driving infrastructure development, boosting property demand, and creating investment opportunities in residential and commercial sectors.

Officially known as Noida International Airport, this upcoming development is poised to redefine the dynamics of the region. Planned to be the largest airport in Asia, it promises to catalyse economic growth, enhance connectivity, and elevate the region’s profile as a preferred destination for investors and homebuyers alike.

Its strategic location near Yamuna Expressway, Eastern Peripheral Expressway, and Greater Noida positions it as a game-changer, spurring growth of residential and commercial developments. With the airport set to commence operations by mid-2025, it will unlock immense potential for real estate growth and create unmissable opportunities for those looking to invest in one of India’s fastest-growing property markets.

Importance of Infrastructure Projects in Driving Real Estate Growth

Infrastructure projects play a pivotal role in shaping the real estate landscape – by enhancing connectivity, attracting investments, and fostering economic development. Large-scale initiatives such as international airports act as catalysts for regional transformation, creating opportunities for residential and commercial real estate growth. Improved accessibility, employment generation, and urbanisation around these projects fuel demand for properties – making them key drivers of real estate expansion.

Overview of Jewar Airport

Officially named Noida International Airport, this landmark infrastructure project is all set to revolutionise Delhi NCR’s connectivity and economy.

Key Facts and Statistics

  • Spread across 7200 acres, it will be Asia’s largest airport upon completion
  • It is projected to handle 1.2 crore passengers annually in its first phase, with capacity expected to expand to 7 cr passengers per year by 2050
  • Costing ₹10,050 crore, the first phase is targeted for completion by mid-2025

Strategic Importance

  • The airport forms part of India’s broader vision to enhance its aviation capacity and economic growth
  • It is expected to reduce air traffic pressure on IGI Airport in Delhi
  • Real estate in Noida and Greater Noida will thrive further due to this airport – leading to rapid urbanisation, robust infrastructure development, and growing residential and commercial investments
  • Located near Yamuna Expressway, it will strengthen the region’s accessibility and put cities like Agra, Mathura, Aligarh, Lucknow, and Alwar on the international aviation map
  • The airport is a focal point for Delhi-Mumbai Industrial Corridor (DMIC), supporting industrial and logistical growth in multiple areas

With its robust infrastructure and strategic positioning, Noida International Airport is poised to transform the real estate market, attracting global and domestic investments while enhancing the region’s economic viability.

Read More: Surging Demand in NCR Housing Market

Boost to Real Estate Development

Residential Real Estate

The development has significantly amplified the demand for residential projects in the region. Buyers and investors are drawn to Jewar real estate due to its proximity to a major transport hub, enhanced connectivity, and excellent infrastructure.

Residential projects along Yamuna Expressway and in the Greater Noida and Noida real estate markets are witnessing increased interest, offering well-planned layouts and modern amenities in luxury gated communities. These developments cater to diverse segments, ranging from luxury villas to premium apartments, making the region a preferred choice for homebuyers.

Commercial Real Estate

Jewar Airport is set to position Greater Noida and Noida as thriving hubs for commercial real estate. The rise of business parks, retail spaces, and office complexes in the vicinity reflects the growing demand for corporate and retail establishments.

With improved connectivity and industrial growth driven by the airport, its surrounding areas are attracting MNCs, startups, and logistics firms. The commercial real estate market near the airport is poised for exponential growth, presenting attractive opportunities for investors.

Infrastructure Development Around Jewar Airport

The region is undergoing rapid transformation, with a slew of infrastructure projects aimed at bolstering its connectivity and economic appeal.

Upcoming Infrastructure Projects Linked to the Airport

Metro Connectivity and Road Network Improvements

  • An extended metro line is planned to connect the airport with Greater Noida and the Delhi Metro network, ensuring seamless public transport
  • Upgraded road networks include the widening of Yamuna Expressway and new highways, enhancing accessibility to the airport and adjacent regions

Industrial Corridors

  • DMIC, a flagship initiative of the central government, integrates Jewar Airport as a key logistics hub – fostering industrial development and boosting trade
  • Yamuna Expressway Industrial Development Authority (YEIDA) is driving growth through planned industrial zones near the development, attracting businesses and manufacturing units

Development of Smart Cities and Integrated Townships

  • Plans for smart cities include tech-driven urban spaces with advanced infrastructure and sustainable designs
  • Integrated townships combining residential, commercial, and recreational facilities are being developed, catering to the modern lifestyle needs of residents and businesses

How These Developments Enhance Real Estate Appeal

The combination of advanced infrastructure and strategic planning enhances the region’s liveability and investment potential. Connectivity improvements will reduce travel times, making Jewar real estate an attractive destination for homebuyers and professionals.

Industrial corridors and smart city initiatives generate employment opportunities, increasing the demand for both residential and commercial properties. These developments collectively position the Greater Noida real estate market and its surroundings as a high-growth zone, offering long-term value for investors and end-users alike.

Economic Benefits and Job Creation

The project is poised to become a powerful driver of economic growth in and around Greater Noida. As a major transport hub, Noida International Airport will attract industries such as logistics, tourism, hospitality, and trade – boosting the economy. The development of industrial corridors and smart cities around the airport will generate thousands of jobs across diverse sectors, including manufacturing, IT, and retail.

Additionally, increased tourism and connectivity will create indirect employment opportunities in hospitality, transport, and ancillary services. This economic activity is expected to further enhance the demand for residential and commercial real estate, solidifying the position of the Greater Noida real estate market as a key investment destination.

Read More: Buying vs Renting an Apartment in Gurgaon

5 Factors Driving Real Estate Investment in Noida

Real estate growth, particularly around Noida International Airport, is being driven by many key factors such as:

  1. Enhanced Connectivity: With its location near Yamuna Expressway and integration with metro lines, accessibility to the region is improving significantly, attracting buyers and investors
  2. Industrial Development: DMIC and initiatives by YEIDA are fostering a robust industrial ecosystem, creating demand for housing and office spaces in Jewar real estate
  3. Infrastructure Expansion: The development of smart cities, integrated townships, and modern civic facilities is enhancing the overall appeal of the Noida International Airport region
  4. Rising Property Values: Property prices near the airport are steadily increasing, offering investors excellent ROI and making the Noida real estate market highly attractive
  5. Government Support: Policies promoting real estate development and industrial growth in Noida and Greater Noida are further incentivising investments, ensuring a bright future for Jewar real estate

Challenges and Considerations

Despite its immense potential, real estate growth around the area faces certain challenges, such as:

  • Project Timelines: Delays in the scaling up of the airport or related infrastructure projects can impact investor confidence and market momentum
  • Property Price Concerns: Rising property prices in Noida may deter middle-income buyers, creating the need for balanced development strategies in Jewar real estate
  • Environmental Sustainability: Rapid urbanisation and industrialisation should consider environmental impacts, such as pollution and resource management, to maintain a sustainable growth trajectory
  • Market Saturation: Excessive development in residential or commercial spaces could lead to oversupply

Future Real Estate Trends in Noida Due to Jewar Airport

This development is expected to set transformative trends in the Noida real estate market. Key areas such as Yamuna Expressway and Greater Noida, will emerge as hotspots for both residential and commercial developments. Driven by improved connectivity and lifestyle facilities, the demand for premium housing and integrated townships near Noida International Airport will surge.

In the commercial sector, the airport is expected to attract MNCs, IT firms, and logistics companies – leading to the rise of business districts and office complexes. Additionally, mixed-use developments blending retail, hospitality, and residential spaces will cater to the growing urban workforce.

Infrastructure projects – such as metro connectivity, industrial corridors, and smart cities – will further enhance Noida’s appeal. These trends indicate robust growth in property prices and a thriving market for investors, making Jewar real estate a pivotal force in shaping the future of the NCR property landscape.

Conclusion

Jewar Airport is a game-changer for the Noida real estate market, bringing unprecedented opportunities for growth and investment. Its strategic location, coupled with robust infrastructure developments like DMIC and smart city projects, ensures the region’s transformation into a highly sought-after destination for residential and commercial real estate. While challenges such as rising property prices and environmental sustainability remain, careful planning and execution will secure long-term success.

As Noida International Airport approaches completion, the surrounding regions are set to witness significant economic activity, job creation, and real estate appreciation. For investors and homebuyers, this is the perfect time to explore opportunities in one of India’s most dynamic property markets. The future of Jewar real estate is bright, offering a blend of modern living and strong investment potential.

FAQs

1. How will Jewar Airport affect property prices in Noida?

Jewar Airport will significantly increase property prices in Noida, due to improved connectivity, rising demand for housing, and ongoing infrastructure developments.

2. Is it good to buy property near Jewar Airport?

Yes, it is good to buy property near Jewar Airport, due to the anticipated growth in real estate value, infrastructure upgrades, and the area's increasing economic activity.

3. Which villages are affected by Jewar Airport?

Villages affected by Jewar Airport are Rohi, Banwari Bas, Kishorpur, and Dayanatpur.

4. Are Noida and Greater Noida's real estate markets seeing a 6% increase in registration?

Yes, Noida and Greater Noida's real estate markets saw a 6% increase in property registrations, as per the data shared by Inspector General of Registration.

5. What is the future of Jewar Airport?

The future of Jewar Airport is promising, with plans to make it Asia's largest airport – fostering economic growth, job creation, and transforming the Greater Noida real estate market.

6. Is it a good time to invest in Jewar?

Yes, it is a good time to invest in Jewar, as the region is witnessing rapid development and increasing property values – making it a high-growth area for real estate.

7. Which sector is best near Jewar Airport?

Best sectors near Jewar Airport are Sectors 18 and 20 under Yamuna Expressway Industrial Development Authority (YEIDA).

8. Is it safe to buy a house near the airport?

Yes, it is safe to buy a house near the airport, provided buyers ensure proper documentation and compliance with municipal regulations to avoid legal or environmental issues.

9. Is it worth buying property on Yamuna Expressway?

Yes, it is worth buying property on Yamuna Expressway, due to its strategic location, enhanced connectivity, and potential for significant appreciation in value.

10. What is the land acquisition rate for Jewar Airport?

The land acquisition rate for Jewar Airport is around ₹4300 per sq m (₹400 per sq ft), subject to revisions based on ongoing negotiations and development needs.

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