There was a time when there was talk of luxurious and expensive houses in Delhi-NCR, the first name that came to mind was Gurugram. Noida was always seen as a ‘budget friendly’ i.e. cheap option. But, now this picture has completely changed. The inauguration of Noida International Airport in Jewar has fueled this change. With the opening of the airport, the real estate market of Noida has taken a huge leap.
How is the situation in Noida changing?
According to a report by Anarock, in the first quarter of 2020, the average price of houses in Noida was Rs 4,795 per square foot. By the first quarter of 2025, this figure has jumped by 92 percent to around Rs 9,200. At the same time, Greater Noida has left Gurugram (84%) behind by registering a tremendous jump of 98 percent in the growth rate. This is not a sudden speculative bubble, but a structural change in real estate due to strong infrastructure and customer confidence. Built with a huge investment of around Rs 30,000 crore, this airport is creating a new economic and urban ecosystem in the entire Eastern NCR, which is being seen as Asia’s largest aviation hub.
How much will the price of plots and flats increase by 2027?
A research by Square Yards shows that due to the airport, property prices on the Yamuna Expressway corridor will increase the fastest. This research estimates that by the year 2027, the prices of plots in this area may increase by 28 percent and the prices of flats may increase by 22 percent. According to Rohit Kishore, CEO, Hero Realty, Noida’s real estate market has now entered a new phase which will completely change the mindset of buyers and investors. Due to the airport, large scale investment will come here, global companies will move here, new employment opportunities will be created and the demand for both residential and commercial properties will be at its peak.
The effect of profit will reach not only Noida but Faridabad
The economic benefits of this big aviation hub are not going to be limited to Yamuna Expressway or Noida only. Mr. Manik Malik, CEO and Chairman of BPTP, believes that this infrastructure development will also have a positive impact on the real estate market of Faridabad. Due to projects like FNG Expressway, Greenfield Expressway, DMIC Corridor and the proposed Namo Bharat Corridor, the connectivity of Faridabad to the airport and other major places will be greatly improved. There will be a reduction in travel time, which will give a huge boost to business activities in the entire region. On the other hand, big projects like manufacturing, logistics hub, fintech zone and medical device park are taking shape on Yamuna Expressway.
Now prices will be decided by infrastructure
With the opening of Jewar Airport, a strong ‘two-way growth cycle’ has started in the area. That is, on one hand, people’s income and employment are increasing due to excellent connectivity and industrial development, while on the other hand, tourism sector is also gaining momentum due to projects like Noida Film City and Buddha International Circuit. The most important thing is that this increase in property prices in future will not be based only on speculation, but will remain quite stable. Infrastructure development is now keeping pace with economic activity at the grassroots level.
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