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Residential property prices along the Yamuna Expressway in the National Capital Region have recorded sharp appreciation over the past five years, driven by infrastructure development, particularly the upcoming Noida International Airport. According to a report by Square Yards, average apartment rates have nearly tripled, while land prices have risen by around 1.5 times, with certain micro-markets witnessing up to fivefold growth. The surge has been supported by both investor and end-user demand, linked to the airport-led development corridor. However, price growth is expected to stabilise over the next two years, with projected increases of 22% for apartments and 28% for plots, indicating a transition towards a more mature market cycle.
Residential property prices along the Yamuna Expressway corridor in the National Capital Region have witnessed significant appreciation over the past five years, primarily driven by infrastructure development, including the upcoming Noida International Airport, according to a report released by Square Yards. Advertisement
The consultant stated that apartment prices in the corridor have nearly tripled between 2020 and 2025, reflecting sustained demand linked to large-scale infrastructure investments. Plot values have also increased during this period, rising by an average of 1.5 times, with certain micro-markets recording significantly higher growth of up to five times. The increase in land prices has been largely attributed to investor-led activity, while the rise in apartment prices has followed a more gradual trajectory driven by end-user demand.
The report, titled Runway to Realty: How Noida International Airport is Reshaping Realty, highlighted that the airport project has acted as a key catalyst for real estate activity along the expressway. The infrastructure development has triggered increased interest from both investors and homebuyers, contributing to the rapid escalation in property values across the region.
Prime Minister Narendra Modi is scheduled to inaugurate the airport in the coming days, positioning it as a major international gateway for the region. The development is expected to support the emergence of an aerotropolis, with associated commercial, residential and logistics infrastructure shaping long-term demand patterns.
Data from the consultant indicated that the average apartment price along the Yamuna Expressway reached approximately INR 9,600 per sq ft last year, while plot rates stood at around INR 2,500 per sq ft. These figures are based on verified listings from brokers, with premium micro-markets commanding higher pricing.
Looking ahead, the report suggested that the pace of price appreciation is likely to moderate as the market stabilises at elevated levels. Between 2026 and 2027, apartment prices are projected to increase by around 22%, while plot values are expected to rise by approximately 28%. By 2027, average apartment prices could reach INR 11,800 per sq ft, with plot rates estimated at INR 3,200 per sq ft.
The consultant noted that the speculative surge in land prices is expected to taper, while the residential segment may see increased traction as the market matures and end-user demand strengthens. The evolving dynamics reflect a shift from early-stage investor activity towards more stable, occupancy-driven growth.
Tanuj Shori, founder and chief executive of Square Yards, indicated that the Noida real estate market is at a transitional stage, balancing local demand with emerging global connectivity. He added that the airport-led development is likely to have long-term implications for housing demand, pricing trends and investment activity, reinforcing the role of infrastructure in shaping regional real estate markets.
Source - PTI
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