New Delhi, March 26 According to Square Yards, the average price of apartments along the Yamuna Expressway in the national capital region has tripled in the last five years, driven by infrastructure projects, including the Noida International Airport.
However, the average price increase is likely to moderate, and the increase is expected to be 22 per cent in the next two years.
Real estate consultant Square Yards released a report, "Runway to Realty: How the Noida International Airport is Reshaping the Real Estate Market" on Thursday.
Property values along the Yamuna Expressway corridor have seen a tremendous increase between 2020 and 2025, triggered by the new International Airport at Jewar in Uttar Pradesh, Square Yards said.
On Saturday, Prime Minister Narendra Modi will inaugurate the newly constructed Noida International Airport, envisioned as a major international gateway for the National Capital Region.
"Apartment prices have nearly tripled over the past five years, while plot values have risen by an average of 1.5 times, with select micro-markets witnessing up to 5 times growth, reflecting strong investor-led momentum driven by infrastructure development," Square Yards said.
Plot values accelerated sharply on the back of investor-led activity linked to airport progress, while apartments saw a more gradual but consistent upward trend, reflecting end-user-driven demand.
"Looking ahead to 2026–2027, growth is expected to moderate, with both segments stabilising at higher levels, plots seeing limited upside after the speculative surge, and apartments gaining traction as the market matures," the consultant said.
Plot and apartment values are likely to rise by 28 per cent and 22 per cent, respectively, over the next two years, it added.
According to the data, the average apartment prices stood at Rs 9,600 per sq ft while plot rates were Rs 2,500 per sq ft last year.
In 2027, the average rates of flats and plots are expected to reach Rs 11,800 per sq ft and Rs 3,200 per sq ft.
Notably, these prices represent average rates derived from verified listings by top brokers, with peak pricing in premium pockets likely being significantly higher.
"The Noida real estate market is currently at a pivotal moment, balancing its local roots with global ambitions, largely due to the upcoming Jewar International Airport,” said Tanuj Shori, Founder and CEO, Square Yards.
He said the airport is driving the development of a world-class aerotropolis, with significant long-term effects on housing demand, pricing, and investment activity.
"It demonstrates how strategic infrastructure can reshape regional identity and unlock sustained economic growth," Shori added.