The Noida International Airport (NIA) at Jewar, which is set to begin commercial operations in April 2025, is already making waves in the real estate market along the Yamuna Expressway. Following the successful completion of its flight validation tests, experts anticipate a significant boost in demand for both residential and commercial properties in the region, as infrastructure developments gather pace.
The construction of the Noida International Airport is seen as a game-changer for real estate markets in the nearby areas, particularly for residential projects in Noida, Greater Noida, and along the Yamuna Expressway. The real estate activity is not only driven by the promise of modern airport infrastructure but also by the government’s ongoing plans for industrial parks, IT zones, medical manufacturing hubs, and even an upcoming Film City. The Yamuna Expressway, which connects Greater Noida to Agra, has long been viewed as a promising location for residential and commercial projects. However, past developments along the expressway were slow to gain traction due to a lack of infrastructure and basic amenities. The upcoming airport is expected to act as a catalyst, attracting both end-users and investors to the region. In November 2024, the Yamuna Expressway Industrial Development Authority (YEIDA) launched a housing scheme offering group housing plots, with over 1.12 lakh applications received for just 451 plots in Sector 24A. This overwhelming demand reflects the growing investor interest in the area. Experts predict that once the airport opens, thousands of residential units will be developed, and a variety of commercial properties will follow suit.
The YEIDA is also planning a major residential township project spanning 100 acres in Sector 24A, aimed at supporting the anticipated population influx due to the new airport. This is expected to fuel additional demand for residential spaces along the Yamuna Expressway. Currently, the real estate market along the Yamuna Expressway is largely driven by investors who see the potential for high returns once the airport and other infrastructure projects come to fruition. According to Gaurav Mavi, co-founder of BOP.in, about 70% of the interest in the region is coming from investors, while the remaining 30% is from end-users. The latter are typically more cautious and prefer to buy properties once they are near completion. As the airport nears completion and more housing projects are launched in 2025, the share of end-users in the market is expected to rise. These buyers will likely be drawn by the improved connectivity, better infrastructure, and the promise of a more livable environment in the region.
While residential projects are expected to lead the real estate growth, commercial developments will follow closely behind. Mudassir Zaidi, Executive Director at Knight Frank India, believes that the area will witness a significant rise in demand for commercial office spaces, especially as industries related to the airport, such as logistics, warehousing, and other ancillary businesses, begin to set up operations. Real estate prices have already begun to reflect the potential of the region. According to a report by Colliers India, land prices along the Yamuna Expressway have risen by 40% in the past five years, with further increases expected as the area develops. Prices are projected to increase by another 50% by 2030, driven by the airport’s completion, metro expansions, and the development of surrounding industrial hubs. The upcoming infrastructure projects are set to transform Yamuna Expressway into a highly connected hub. New metro lines and the rapid rail network will further enhance accessibility, making it easier for residents and businesses to connect with Delhi, Noida, and other key parts of NCR. These developments are expected to make the region an attractive alternative to more congested areas like Noida Extension and Greater Noida.
As the Noida International Airport nears its opening, the region around the Yamuna Expressway is poised for significant real estate growth. Both residential and commercial properties are expected to see high demand, driven by improved infrastructure, greater connectivity, and the growing presence of industries tied to the airport. While investor interest is high now, end-users are likely to follow as the area becomes more developed and livable. In the long term, the area is expected to experience sustained growth, with land prices and property values continuing to rise. The Noida International Airport, along with other planned infrastructure projects, will undoubtedly reshape the real estate landscape along the Yamuna Expressway, offering lucrative opportunities for both investors and homebuyers alike.
