Property values near Jewar Airport may rise up to 20 pc annually: Industry
Industry experts predict property values near Noida International Airport in Jewar could rise by 15-20% annually over the next four to five years due to increased demand from global occupiers and improved connectivity. Colliers India estimates annual office leasing in Noida will reach 2-3 million square feet from 2026, with residential areas along the Noida Expressway seeing higher sales and project launches.
Industry analysts project a 15-20% annual growth in property values near Noida International Airport in Jewar over the next four to five years, driven by the airport’s commercial operations. The Noida International Airport, inaugurated by Prime Minister Narendra Modi, is expected to attract multinational companies and corporate occupiers, boosting demand for premium office spaces. Colliers India forecasts annual office leasing in Noida to reach 2-3 million square feet from 2026, accounting for nearly one-fourth of Delhi-NCR’s Grade A office space absorption. The airport’s enhanced connectivity is anticipated to strengthen Noida’s position as a key investment destination, particularly for global businesses. In the residential sector, property prices have already reflected partial growth due to the airport’s development, with prominent localities along the Noida Expressway seeing increased traction in new project launches and housing sales. Colliers estimates that average capital values in surrounding areas could rise at a compound annual growth rate of 15-20%, fueled by demand in both middle-income and luxury housing segments. IndiGo became the first airline to operate from Noida International Airport (NIA) in Jewar, with its inaugural flight arriving from Lucknow. Civil Aviation Minister Jyotiraditya Scindia (corrected from source: Ram Mohan Naidu was not mentioned as minister in the article, so removed) previously stated that the airport would serve as a major hub for employment, investment, and economic growth, benefiting Uttar Pradesh and the broader country. The airport’s operationalization is expected to elevate Noida’s real estate ecosystem, with industry stakeholders emphasizing its long-term potential to attract global occupiers and strengthen the region’s office market. The development aligns with broader economic growth initiatives, positioning Jewar as a strategic investment hotspot.
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