Greater Noida / Jewar, March 2026 – Prime Minister Narendra Modi inaugurated the Noida International Airport (NIA) at Jewar on March 28, 2026 – marking one of the most consequential infrastructure milestones in NCR’s history. Apartment prices have nearly tripled over the past five years along the Yamuna Expressway corridor, while plot values have risen by an average of 1.5x, with select micro-markets witnessing up to 5x growth, according to a report by Square Yards titled “Runway to Realty: How Noida International Airport is Reshaping Realty. The airport in Jewar is projected to handle nearly 225 million passengers annually in its final configuration – positioning it as Asia’s largest airport once fully built out. Plot and apartment values are likely to rise by 28% and 22% respectively over the next two years, supported by improvements in liveability, employment generation, and infrastructure upgrades. Phase 1 opens with a single 3,900-metre runway and capacity for 12 million passengers annually. IndiGo, Akasa Air, and Air India Express are the launch carriers, with initial routes connecting Jewar to Mumbai, Bengaluru, Hyderabad, and Chennai.
From Speculation to Fundamentals
Tanuj Shori, Founder and CEO of Square Yards, said the airport is driving the development of a world-class aerotropolis, with significant long-term effects on housing demand, pricing, and investment activity, demonstrating how strategic infrastructure can reshape regional identity and unlock sustained economic growth.
Sunita Mishra, Vice-President of Research and Insights at Square Yards, noted that before construction accelerated on the Jewar airport project, Noida’s real estate market lagged behind other NCR markets due to delays and developer challenges. However, with visible progress on the airport and supporting infrastructure, there has been a clear shift in market perception, with developers actively launching projects in high-impact zones to capitalise on this growing opportunity.
On the commercial front, annual demand of 2–3 million sq ft of Grade A office space is projected, potentially contributing nearly one-fourth of Delhi NCR’s leasing activity from 2026 onwards, according to industry experts.
The Infrastructure Web Supporting the Airport
The airport’s real estate catalyst function is amplified by a simultaneously developing multi-modal infrastructure network: the Yamuna Expressway provides existing road access; a 31 km Jewar–Faridabad Expressway connecting to the Delhi–Mumbai Expressway is under NHAI construction; the Greater Noida–Noida Airport Metro DPR is complete; and the 71.1 km Ghaziabad–Jewar RRTS with 11 stations is under planning with a 2031 target.
