Property prices along Noida Jewar airport to jump 28% by 2027: Square Yards report

New Delhi: The upcoming Noida International Airport at Jewar, which is scheduled to be inaugurated by Prime Minister Narendra Modi on March 28, is expected to boost property price along the Yamuna Expressway corridor by 28 per cent by 2027, proptech platform Square Yards said in a report on Thursday.

As per the report titled “Runway to Realty: How Noida International Airport is Reshaping Realty”, apartment prices have nearly tripled over the past five years, while plot values have risen by an average of 1.5x, with select micro-markets witnessing up to 5x growth, reflecting strong investor-led momentum driven by infrastructure development.

Supported by improvements in livability, employment generation, and infrastructure upgrades, this growth trend is projected to continue, with both plot and apartment values likely to rise by 28 per cent and 22 per cent, respectively, over the next two years, the report says.

Prime Minister Narendra Modi is scheduled to inaugurate Noida International Airport, the second civil airport in the national capital region (NCR) on Saturday.

Positioned to be Asia’s largest airport upon launch, the airport in Jewar is projected to handle nearly 22.5 crore passengers annually in its final configuration, significantly enhancing the NCR’s aviation capacity while catalysing economic activity and urban expansion.

“The Noida real estate market is currently at a pivotal moment, balancing its local roots with global ambitions, largely due to the upcoming Jewar International Airport,” said Tanuj Shori, Founder & CEO, Square Yards.

“The airport is driving the development of a world-class aerotropolis, with significant long-term effects on housing demand, pricing, and investment activity. It demonstrates how strategic infrastructure can reshape regional identity and unlock sustained economic growth,” he added.

A key highlight of the report is the region’s planned aerotropolis-led development, positioning it alongside global benchmarks such as Amsterdam’s Schiphol Airport. This model integrates aviation infrastructure with commercial, industrial, logistics and residential ecosystems to create self-sustaining urban hubs.

The airport is being developed as the nucleus of a broader economic ecosystem, supported by industrial and manufacturing clusters, logistics hubs, and commercial centres. Enhanced connectivity through expressways and multimodal transit networks is expected to further reduce travel times and strengthen the region’s investment appeal.

The report by the Gurugram-based firm highlights a structural shift from a peripheral, end-user-driven market to a high-growth real estate investment hotspot.

“Before construction accelerated on the Jewar airport project, Noida’s real estate market lagged behind other NCR markets due to delays and developer challenges,” said Sunita Mishra, Vice-President – Research & Insights, Square Yards.

“However, with visible progress on the airport and supporting infrastructure, there has been a clear shift in market perception. Developers are actively launching projects, particularly in high-impact zones, to capitalise on this growing opportunity,” Mishra said.