The imminent opening of Jewar Airport, officially known as Noida International Airport, is poised to significantly impact the real estate market in the National Capital Region (NCR), particularly around Noida, Greater Noida, and the Yamuna Expressway. Scheduled to begin operations in September 2025, the airport is already catalyzing substantial appreciation in property values and transforming the region into a burgeoning economic hub. One new rule that is set to make nearby properties more expensive is the enhanced connectivity and infrastructure development surrounding the airport.

The development of Jewar Airport represents more than just an infrastructure project; it's the foundation for a new growth corridor in North India. With the airport's construction progressing rapidly, property prices in nearby sectors have already experienced noticeable appreciation. Land rates along the Yamuna Expressway and in parts of Greater Noida have surged by 15% to 30%, depending on their proximity to the airport and the level of development in the sector. For instance, YEIDA sector plots that were once priced at ₹10,000 per square meter are now reaching ₹17,400 per square meter. Similarly, apartments in Sector 150 have seen an appreciation of ₹1,200–1,800 per square foot since 2021. Over the last three years, land values near Jewar Airport have doubled, rising sharply as developers invest. In the last five years, apartment prices have surged 170%, and raw land has jumped 450%, particularly along Yamuna Expressway.

The rapid appreciation in land and apartment prices is driven by a combination of factors, including unmatched connectivity via expressways, metro lines, and upcoming rapid rail projects. The proposed Jewar–IGI Airport Metro Line, a high-speed corridor, will directly link Noida International Airport with Delhi's Indira Gandhi International Airport, drastically reducing travel time. The Ghaziabad–Jewar RRTS project will further enhance connectivity with Delhi, Noida, and Greater Noida, with travel times under 40–50 minutes. These infrastructure upgrades are transforming the region into a future-ready urban ecosystem, attracting both domestic and NRI investors.

The development of Jewar Airport is also leading to a surge in residential real estate activity across Noida, Greater Noida, and YEIDA. Key sectors like 148, 149, and 150, as well as areas along the Yamuna Expressway, are witnessing new launches, plotted developments, and integrated townships. Major builders such as ATS, Godrej, Gaurs, Tata Housing, and Bhutani Group have already initiated or announced residential projects targeting both mid-income and premium buyers. This influx of residential projects is designed to address the increasing demand for contemporary housing and lifestyle facilities, further stimulating economic activity in the area.

Moreover, the airport is expected to generate substantial employment opportunities, with YEIDA estimating that approximately 4.5 lakh new jobs will be created as large companies establish operations near the Jewar airport area. This influx of businesses will stimulate the local economy, driving demand for both residential and commercial properties and contributing to the overall economic growth of the region. The commercial sector is also expected to benefit significantly from the airport's development. The airport is anticipated 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.

While the development of Jewar Airport presents numerous opportunities for real estate growth, it also poses some challenges. Increased economic activity can lead to increased pollution, requiring the government to implement measures to monitor and control pollution levels. The influx of people and businesses to the region will also put pressure on Noida's roads and transportation infrastructure, necessitating upgrades to existing roads and the planning of new metro and rail links to manage traffic flow. Additionally, the rapid urbanization of previously undeveloped areas will put pressure on electricity, water supply, sewage systems, and other civic infrastructure, requiring adequate planning and investment in infrastructure development.

Overall, the development of Jewar Airport is set to open up several new areas for real estate growth in Noida and Greater Noida. With improved connectivity, increased investment, and a growing economy, the local real estate market is poised for strong growth. The airport will act as a catalyst for the entire Delhi NCR property market, driving demand for residential and commercial spaces and leading to significant appreciation in property values.