Airport-Led Development: Ripple Effect of Infrastructure on Property Value in Noida-Yamuna Belt

Noida, June 3, 2025: From a peripheral stretch, the Noida-Yamuna Expressway belt is emerging as one of the prime real estate corridors in North India.

This growth is largely propelled by the upcoming Noida International Airport in Jewar, which is set to be the largest in the country upon completion. Strategically located approximately 90 km from Delhi’s IGI Airport, 70 km from Connaught Place, 60 km from Noida City Centre and a mere 40 km from Pari Chowk in Greater Noida, this ambitious project is set to redefine the region’s economic and infrastructural dynamics.

With the airport’s first phase nearing completion and an eight-lane expressway seamlessly connecting it to the Yamuna Expressway now operational, the area is primed for exponential growth.

Globally, airport-led development has proven to be a powerful catalyst for urban transformation, economic growth and driving real estate expansion. The concept of the aerotropolis, a city built around an airport rather than the airport being on the city’s periphery, has redefined urban planning in these regions.

This seamless ecosystem not only enhances connectivity but also puts forward a highly efficient environment for businesses and residents. The Noida International Airport is set to replicate this model, setting the stage for a vibrant, airport-centric economy in the Noida-Yamuna belt.

According to ANAROCK, prices of real estate in the surrounding areas of the airport have nearly doubled in the last three years, with property developers vying with one another to pick up land parcels. About 390 acres near the Noida International Airport, along the Yamuna Expressway, have been snapped up in the last 12 months. The value of these transactions works out to a significant INR 2,340 crore, with an acre going for INR 5-6 crore.

In addition, YEIDA plans to develop a brand new city around the Noida International Airport, urban centres, logistics parks and other facilities, catering to the growing demands of various developments. The authority has set a budget of over INR 63,000 crore to transform the acquired land into an urban centre with all necessary infrastructure and amenities. Once completed, the development will boost the real estate prices in the region, thus establishing various projects.

Sahil Agarwal, CEO, Nimbus Realty, says, “The growth along the Yamuna Expressway has been phenomenal ever since work on the airport has gained momentum. We’re seeing a tangible shift on the ground—not just in terms of rising property prices but also in the kind of development happening here.”

Manufacturing units, logistics parks and warehousing facilities are coming up, which is creating jobs and drawing more people to the area, he adds.

“Further, the recent announcement by NXP Semiconductors to set up a new plant in Greater Noida is a strong signal of the region’s industrial potential. Hence, this is naturally fuelling demand for homes, especially in the affordable segment. Under such conditions, we envision the area flourishing with several developments in the coming years, bringing a boom in the real estate industry.”

Deepak Kapoor, director, Gulshan Group, says, “The meteoric rise of the real estate sector along the Noida-Yamuna belt is majorly attributed to the rapid progress of the Noida International Airport. With commercial flights expected to take off soon, the region is witnessing a sharp uptick in interest from HNIs, NRIs and discerning investors who see the potential for both lifestyle and capital appreciation.”

He adds, “The scale of infrastructure and connectivity coming up here is unprecedented, and it’s positioning the area as a high-value, future-ready zone for premium living. At Gulshan, we see this as the beginning of a luxury-led transformation, and look forward to contributing to the corridor’s growth.”

Moreover, various infrastructure initiatives are under way to significantly improve connectivity to the Noida International Airport. Among the most ambitious are a proposed RRTS rail corridor and an extension of the Delhi Metro’s Airport Express Line, both slated for completion by 2030.

The airport has already introduced immediate solutions such as an exclusive taxi service with Mahindra Mobility. Additionally, a city bus service created by an SPV involving Noida, Greater Noida and Yamuna authorities will provide continuous links to the airport. As the airport gears up to handle international passenger traffic shortly, the timely execution of these connectivity projects will be vital in driving footfall, enhancing commuter convenience and unlocking the full economic potential of the surrounding region.

Salil Kumar, director, marketing and business management, CRC Group, says, “What was once considered a peripheral stretch is now rapidly transforming into one of NCR’s most promising growth corridors. The Noida International Airport has been a major trigger, but it’s the combined effect of infrastructure, policy push, and investor interest that’s truly setting the pace.”

He adds, “As developers, we see this as a window of opportunity where modern infrastructure meets future-ready urban planning. We envision bringing projects that offer a lifestyle backed by connectivity, quality, and the potential for strong long-term returns.”

Sunny Katyal, cofounder, Investors Clinic, says, “The momentum in the Noida-Yamuna expressway is unlike anything we’ve seen in recent years. The upcoming Noida International Airport has sparked a wave of investor and end-user interest with infrastructure developments pushing it further. Property prices have already started climbing, and we expect rental yields to rise steadily over the next three to five years.”

It’s not just about speculation; buyers are seeing real potential in the area’s long-term growth story. “For now, we believe this is the right time to enter the market before prices move further upward.”

Neeraj Sharma, MD, Escon Infra Realtors, says, “The Noida International Airport is emerging as the nucleus of an economic powerhouse that’s reshaping the Yamuna Expressway belt. Its impact is clearly visible in the sharp rise in housing sales across Noida and Greater Noida, as both homebuyers and investors rush to tap into the region’s future potential.”

Vishal Sabharwal, head, sales, Orris Group, says, “With strategic infrastructure and visionary planning, the region is evolving into an aerotropolis where real estate growth is no longer a possibility, but a certainty. The ripple effect of connectivity is drawing investors, corporates, and end-users alike.”

Therefore, the Noida-Yamuna belt stands at the cusp of a major transformation, driven by the long-term vision of developing it into a global growth engine anchored by the Noida International Airport. With massive infrastructure, industrial corridors and premium real estate projects taking shape, the area offers a golden window of opportunity for early investors and forward-looking homebuyers.