Despite facing construction delays, the Noida International (Jewar) Airport has emerged as a transformative project altering the skyline of the NCR. Once operational, this significant development is expected to herald a real estate boom, particularly benefiting regions like Noida, Greater Noida, and the Yamuna Expressway. Investors keen to capitalize on this opportunity can refer to a curated list of top communities poised to experience growth due to Jewar Airport.
Updated Timeline
The anticipated operational date for the Noida International Airport has been adjusted from late 2024 to April 2025. However, demand for real estate in the surrounding areas remains robust, buoyed by the excitement surrounding this monumental undertaking. Residential projects are rapidly emerging across the planned cities of Noida, Greater Noida, and the Yamuna Expressway. With such vast areas, which neighborhoods should buyers prioritize?
Top 5 Beneficial Areas Near Jewar Airport
Here’s a breakdown of the top five locales for investment, evaluated based on residential stock availability and the potential for price appreciation spurred by new infrastructural advancements.
1. Jewar, Greater Noida
Jewars proximity—just 2 km from the Yamuna Expressway—highlights its significance, especially with the impending establishment of the Noida International Airport. With renowned landmarks like the Dau Ji Mela, the area's appeal is enhanced by its connectivity via road and air.
Residents are further supported by the NH-334DD passing through the region. The Noida Airport Rapid Metro will soon connect Jewar to Indira Gandhi International Airport, strengthening connectivity alongside enhancements such as:
- A proposed 28-kilometer expressway linking Jewar Airport to Kalindi Kunj in Delhi, and facilitates access to Palwal Station.
- An anticipated 28-kilometer expressway from Kalindi Kunj to Jewar Airport.
Property prices in Jewar have surged by 25% over the past few years, attributed to ongoing civic projects. The local residential inventory is heavily composed of plots, with current average rates around Rs 2,200 per sq ft, which are competitive compared to adjacent Noida and Greater Noida. Essential facilities within a 3 km radius of Jewar Airport include:
- Pragyan Public School
- Blue Bird Public School
- Kailash Hospital
- Assaka Hospital
- Amba Mall
2. Yamuna Expressway’s Sector 22D
Located directly on the Yamuna Expressway, Sector 22D has emerged as a fast-developing residential center, roughly a half-hour’s drive from Jewar Airport. The presence of reputable developers enhances its attractiveness to potential homebuyers.
Investors pursuing high-rise options may consider reputed names like Ace Group, while ready-to-move-in options from Supertech Builders and Orris Group are also available. Meanwhile, the majority of planned developments fall under the jurisdiction of the Yamuna Expressway Industrial Development Authority (YEIDA).
Currently, average property prices in Sector 22D are reported at Rs 8,300 per square foot for plots, while apartment prices hover around Rs 8,100 per sq ft, making it a lucrative area to witness growth thanks to Jewar Airport.
3. Dankaur, Greater Noida
Dankaur, situated approximately a 30-minute ride from Jewar Airport, offers several competitively priced housing options. Residential resale plots in this locality typically start at Rs 11 lakh, with an average price of Rs 2,200 per square foot.
Accessibility near Jewar Airport mainly benefits from the Yamuna Expressway, providing residents with seamless commutes to Noida and Greater Noida. The Surajpur Industrial Area lies merely 20 minutes away, enhancing Dankaur’s appeal for year-round rental opportunities. Access to essential amenities is readily available, including:
- Gautam Buddha University
- Shri Banke Bihari Hospital
- Dhanauri Wetlands
4. Sector 150, Noida
Navigating a little further from the suburbs, Noida’s Sector 150 stands out as another favorable region to leverage the impending Jewar Airport. Despite being 45 km away, reachable in about 40 minutes via the Yamuna Expressway, the area boasts excellent connectivity via the Noida-Greater Noida Expressway and the Aqua Line’s Sector 148 Metro Station.
Labeled as a desirable locale due to its accessibility, proximity to major commercial zones, and nearly 80% green space, Sector 150 features prominent developers offering contemporary, high-rise homes, including Godrej Properties and ATS Group. Property value growth is promising, as represented in the following table:
| Locality | Average Apartment Price | Price Appreciation in 1 Year | Price Appreciation in 3 Years | Price Appreciation in 5 Years |
|---|---|---|---|---|
| Sector 150, Noida | Rs 10,700 per sq ft | 27% | 89% | 98% |
5. Chi 5, Greater Noida
Finally, Chi 5 in Greater Noida rounds out the list, positioned approximately 40 minutes by car from the airport, effectively 44 km away via the Yamuna Expressway. Proximity to key commercial hubs such as Sector 132, 135, and 142 Noida augments its appeal.
This area mainly features modern, gated high-rise apartments alongside some exclusive villas. Esteemed developers like Purvanchal Projects and Nimbus Group are leading the way in Chi 5, fueling substantial growth in the market. Average apartment prices reflect the area’s upward trend, as detailed below:
| Locality | Average Apartment Prices | Price Appreciation in Last 1 Year | Price Appreciation in Last 3 Years | Price Appreciation in Last 5 Years |
|---|---|---|---|---|
| Chi 5 | Rs 8,300 per sq ft | 38% | 132% | 122% |
Among the swiftest-growing neighborhoods in Greater Noida, Chi 5 is close to numerous sought-after amenities, such as:
- The Great Venice Mall
- JP International School
- Samurja International School
- Apollo Cradle & Children’s Hospital
In summary, the Noida International Airport is poised to considerably impact the region's real estate landscape, facilitating extensive commercial and residential developments. Enhanced connectivity is just one facet of this transformation, with a host of civic advancements still progressing across these prime investment locales. For targeted strategies, consulting with a local real estate agency could provide valuable insights into investment opportunities.