By Mr Vimal Nadar, National Director & Head, Research, Colliers India
The inauguration and subsequent start of operations at the Jewar International Airport is likely to unlock long-term real estate development in the catchment areas, particularly along the Noida Expressway. Additionally, overall connectivity with Gurugram & Delhi is likely to get a further boost, led by multiple other infrastructure projects which are at various stages of development. The residential market of select micro markets of Noida, such as Yamuna Expressway, Greater Noida and localities along the Noida Expressway, stand to gain traction, especially in the middle-income and luxury segments.
On the commercial real estate front, the international airport is expected to attract global occupiers in the coming years, further enhancing the value proposition of Noida’s office market. We expect close to 2-3 million sq. ft. of annual Grade A office space demand in Noida over the course of the next few years, accounting for almost one-fourth of Delhi NCR’s leasing activity in 2026 and beyond.
