The real estate market around Yamuna Expressway in the National Capital Region i.e. NCR has seen a tremendous boom in the last five years. According to real estate consultant Square Yards, the average prices of apartments have increased almost three times during this period. Big infrastructure projects, especially Noida International Airport (Jewar Airport), are being considered the main reason behind this boom. According to Square Yards’ report ‘Runway to Realty: How Noida International Airport is reshaping realty’, the Yamuna Expressway corridor witnessed a sharp jump in property prices between 2020 and 2025.
whose price increased by how much
- Apartment prices increased almost 3 times
- Average 1.5 times increase in plot prices
- Prices reached 5 times in some micro-markets
This rise reflects the increasing interest of investors due to infrastructure development.
Picture changed from Noida International Airport
According to the report, the rise in plot prices was mainly due to investor activism, while apartment prices witnessed a consistent and steady rise, indicating end-user demand. Prime Minister Narendra Modi is soon going to inaugurate the Noida International Airport built in Jewar. It is being seen as a major global gateway and future economic hub for NCR.
Way forward: Growth will remain, pace will be slow
The report estimates that prices will continue to rise during 2026-27, but its pace may slow down. There is a possibility of increase in plot prices by about 28%. Apartment prices are expected to increase by about 22%. As the market matures, the plot segment may see limited growth and apartments may see stagnant demand.
Current and potential prices
Average price of apartments in 2025: ₹9,600 per sq ft
Average plot price: ₹2,500 per square foot
Estimated rates by 2027:
Flat: ₹11,800 per sq ft
Plot: ₹3,200 per square foot
(Note: These are average prices, prices may be much higher in premium locations.)
New era of Noida real estate
According to Tanuj Shori, Founder and CEO, Square Yards, Noida’s real estate market is currently undergoing a significant transformation, where global ambitions are merging with local development. He said that a world-class ‘aerotropolis’ is being developed around Jewar Airport, which will have a long-term impact on housing demand, prices and investment activities.