Jewar Airport Fuels NCR Real Estate Boom: Yamuna Expressway Prices Soar
The real estate landscape along the Yamuna Expressway is experiencing a significant transformation. Prime Minister Narendra Modi laid the foundation stone of the Noida International Airport (Jewar Airport) on 25th November 2021, which is now ready for inauguration on 30 October 2023. This has led to a flurry of commercial and residential projects on both sides of the Yamuna Expressway, making the region a hotspot for investment and development.
Real estate experts believe that the airport project will prove to be a game-changer for the entire NCR property market. Growth corridors such as Greater Noida, Yamuna Expressway, and Greater Noida West have already seen a massive surge in prices and demand.
Manoj Gaur, CMD of Gaurs Group, said, “The Yamuna Expressway corridor is emerging as one of India’s most promising investment landscapes. Catalysed by the soon-to-be-operational Noida International Airport and strengthened by the massive institutional projects such as the Film City, technology parks, and dedicated logistics hubs, the region has gathered unprecedented momentum.” What distinguishes this growth story is the unique combination of seamless connectivity and strong long-term economic fundamentals, Gaur added.
At Gaurs Group, they identified this potential at a very early stage when the airport was still in the conceptual stage and developed sprawling Gaur Yamuna City, which is now home to nearly 15,000 residents. Today, as multiple sectors converge to fuel progress, the Yamuna Expressway is steadily shaping into a global city.
Sahil Agarwal, CEO of Nimbus Realty, stated, “The Yamuna Expressway corridor has emerged as one of the fastest-appreciating real estate destinations in NCR, with land prices nearly doubling or even tripling over the past three years.” Last year alone, approximately 390 acres of land was purchased for Rs 2,340 crore, reflecting growing investor confidence. According to Agarwal, “This surge is driven by major infrastructure developments, including the upcoming Noida International Airport and the newly approved 30-km expressway connecting Pushta Road with both the Noida-Greater Noida Expressway and the Yamuna Expressway.”
Running parallel to the Yamuna River, this elevated stretch will enhance connectivity, reduce travel times, and further strengthen the corridor’s appeal for both investors and end-users.
Home & Soul Chairperson Sakshee Katiyal also commented on the real estate boom, saying, “The Yamuna Expressway corridor has seen land prices nearly doubling or even tripling over the past three years, triggered by the announcement of the upcoming Noida International Airport.” She believes that the approval of a new 30-kilometre expressway to enhance road connectivity in Delhi-NCR has further strengthened confidence in the area.
Running parallel to the existing Noida-Greater Noida Expressway along the Yamuna River and connecting Pushta Road with both the Yamuna and Noida-Greater Noida Expressways, this new corridor is set to further boost investor confidence, reduce travel times and solidify the region’s position as one of NCR’s most sought-after real estate destinations.
It is clear that the Jewar Airport project is proving to be a game-changer for not just an airport, but the entire Yamuna Expressway corridor. Experts believe that land and property prices have already increased 2-3 times, and even bigger deals are expected in the future. Now the question is, once the airport opens and connectivity improves, will Yamuna Expressway become India’s new global real estate hub?
