Prime Minister Narendra Modi officially inaugurated Phase I of the Noida International Airport (NIA) in Jewar on March 28, 2026. This landmark project has already transformed the local real estate market, placing the Yamuna Expressway region firmly on the global map. While the airport received its aerodrome license from the DGCA on March 6, commercial flight operations are expected to start by late April or early May 2026. The infrastructure progress has led to a massive surge in investment activity and property valuations across the district.
How much have property prices increased in the Jewar region?
The announcement and development of the airport have triggered a significant rise in real estate rates since 2020. Apartment prices in the Yamuna Expressway area nearly tripled over five years, growing by 158 percent. Plot values have seen even more dramatic jumps, with some micro-markets recording a fivefold increase in value. Experts project that prices will continue to rise by another 22 to 28 percent over the next two years as flight operations begin.
| Property Type | 2020 Price (psf) | 2025 Price (psf) | Growth Percentage |
|---|---|---|---|
| Apartments | ₹3,200 | ₹9,600 | 158% |
| Plots (Average) | ₹1,100 | ₹2,500 | 127% |
| Plots (Premium Areas) | ₹1,650 | ₹10,500 | 536% |
What are the new YEIDA allotment rates and rules?
The Yamuna Expressway Industrial Development Authority (YEIDA) has approved a 3.58 percent increase in allotment rates across all categories, effective from April 1, 2026. This adjustment reflects the growing market demand following the airport inauguration. Residential plot rates have been revised from ₹35,000 to ₹36,260 per square meter, while commercial land rates have moved from ₹84,000 to ₹87,010 per square meter. Additionally, circle rates in the airport zone have seen a 10 to 15 percent increase to align with current market trends.
- Owner: Noida International Airport Limited (NIAL)
- Operator: Yamuna International Airport Private Limited (YIAPL)
- Construction: Tata Projects Limited
- Upcoming Milestone: Commercial flight operations in April/May 2026
- Development Model: Public-Private Partnership (PPP)
