Jewar Airport Impact on Real Estate: Is the Hype Justified?
Real Estate Boom Near Jewar Airport
The Noida International Airport (Jewar Airport) is set to open on May 15, 2025, and property prices in the nearby areas are rising fast. Many new residential and commercial projects are being launched, and the demand for properties is increasing.
According to data from 99acres, property prices in the past five years have gone up by over 500% in the region. Areas like Yamuna Expressway and Greater Noida have seen huge price increases. Developers are selling properties for crores, saying the opening of the airport will lead to even higher prices.
These claims are featured in property brochures, and many people are buying properties based on past price increases. But the big question is: Are these high prices justified? Are the promises made by developers realistic? Today, we will discuss all the factors behind this hype and appreciation.
Reasons Behind the Price Increases Near Noida Airport
1. 12 Million Expected Passengers
Construction on Noida International Airport started in November 2022. The airport is expected to serve 12 million (1.2 crore) passengers every year once it is fully operational.
This large number of passengers has grabbed the attention of investors, developers, and buyers. As a result, many new projects have been launched in areas like Yamuna Expressway and Greater Noida, causing property prices to rise quickly.
2. High Demand for Commercial Properties
Airport areas are known for their high commercial activity because of the large number of people passing through. There is always a demand for hotels, restaurants, shopping centers, and other businesses nearby. With the airport opening soon, developers are launching commercial properties like retail shops, studio apartments, and office spaces.
Projects like Ace YXP, WTC Quad, and Yamuna City Mall are the example of this. These projects are being built excluding Yamuna City Mall as it has been built already, to cater to the future commercial demand. The demand for commercial properties is driving prices up even further.
3. Attracting Big Companies
Many large companies like Google, Microsoft, Samsung, Mahindra, and Tata are expected to set up offices near the airport. The Yamuna Expressway Industrial Development Authority (YEIDA) estimates that about 4.5 lakh new jobs will be created once these companies start their operations.
The arrival of these companies will help the local economy grow and drive up demand for both residential and commercial properties. This is another important reason why prices are rising so quickly along the Yamuna Expressway.
4. New Roads and Transportation Links
To make the airport easier to reach from different parts of NCR, the government has planned several new road and rail projects:
• The Faridabad-Jewar Expressway will connect Faridabad to the airport.
• A new 60 km road will link the southern and eastern parts of Delhi to the airport.
• The Ganga Expressway Link will connect the Ganga Expressway to the airport and the Yamuna Expressway via NH-34.
Other projects include a new expressway for VVIPs, cargo roads, and a new railway line connecting Ghaziabad and Noida to the airport. Metro services and new railway stations are also planned, which will make traveling to and from the airport much easier.
Also, the new logistics hub, due to such smooth connectivity and cargo-orientated roads, will also play a big role in appreciation further.
5. Attractive to Investors
Investors often look for areas with strong growth potential. They follow advice from real estate experts about where to invest. When investors move into an area, it usually means property prices will go up.
Once they move out, the area becomes usable for people looking to buy homes to live in. This is why if you want to multiply your money, you should have an investor’s mindset. Because development attracts end users when the prices have already peaked.
Yamuna Expressway is seen as an area with a lot of potential for price growth. It is still being developed, which means there is a lot of room for prices to rise in the future. If you invest now, your money could grow a lot in the coming years.
Property Appreciation Rate on Yamuna Expressway
In April-June 2020, the average price for flats in the region was 2,900 per square yard (PSY). By 2025, the price has increased to 10000 PSY, a 244% rise in just four years.
For land, the price was 30,000 PSY in 2020, and now it has risen to 1,30,000 PSY, marking a 333% increase.
The price increase is even higher closer to the airport. Recent transactions for plots in ACE and ATS have closed between 1.2 to 1.5 lakhs per square yard (PSY). With the ongoing development and high demand, prices could keep increasing and might even double in the near future.
Conclusion: Is the Hype Justified?
The rise in property prices near the Noida Airport is driven by several factors: the expected high number of passengers, the demand for commercial properties, the arrival of big companies, new transportation links, and the appeal to investors.
While the excitement is based on real developments, the actual returns on investment will depend on how well the infrastructure projects are completed and when businesses move into the area.
Investors should be aware of the risks, but the region's growth potential is clear. The Noida airport area is likely to see long-term growth, but whether the current high prices are justified will only become clear in the next few years.
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