NEW DELHI: The commencement of commercial flight operations at the Noida International Airport in Jewar is expected to provide a significant boost to real estate activity across the Yamuna Expressway corridor, with industry experts predicting stronger demand for residential, commercial and office spaces in the coming years.Real estate stakeholders believe the operationalisation of the airport marks a major milestone for the region and could strengthen its position as one of NCR’s most attractive investment destinations.The enhanced connectivity offered by the airport is expected to improve the area’s appeal among multinational companies and corporate occupiers, potentially driving demand for Grade A office spaces and accelerating economic activity in the region.According to Vimal Nadar, national director and head of research at Colliers India, the airport has the potential to transform the real estate landscape of Noida and adjoining areas over the long term.“Commercial flight operations have started at the Jewar International Airport, and this holds immense long-term potential to elevate the entire real estate spectrum of Noida and adjoining areas. The international airport will further attract global occupiers, strengthening Noida’s office market. We expect 2-3 million sq ft of annual leasing, accounting for around one-fourth of Delhi NCR’s Grade A office space uptake in 2026 and beyond,” he said.Nadar added that while residential prices have already factored in some of the airport-led growth, localities along the Noida Expressway are likely to witness increased traction in new launches and housing sales.“Average capital values are likely to rise at a CAGR of 15-20% over the next four to five years, led by the middle-income and luxury segments. The entry of reputed developers is also set to strengthen residential offerings in key catchment areas around the airport,” he said.Ravi Nirwal, sales director and principal partner at Square Yards, said the airport’s biggest impact would come through the economic ecosystem it is expected to create.“The airport is expected to attract logistics, warehousing, manufacturing, hospitality and commercial developments, creating large-scale employment opportunities across the region. As jobs and business activity increase, housing demand is likely to strengthen further, particularly across residential communities along the Yamuna Expressway corridor,” he said.According to Nirwal, improved connectivity and growing economic activity are likely to continue attracting both end-users and long-term investors, reinforcing the region’s position as an emerging real estate destination in NCR.Developed at an estimated cost of Rs 11,200 crore under the public-private partnership (PPP) model, the first phase of the Noida International Airport has a passenger handling capacity of 12 million passengers annually. This is expected to increase to 70 million passengers per year once the project is fully completed.The airport currently features a 3,900-metre runway equipped with an Instrument Landing System (ILS) and advanced airfield lighting, enabling round-the-clock and all-weather operations.According to the Yamuna Expressway Industrial Development Authority (YEIDA), the airport is planned to eventually expand to six runways and cover nearly 7,200 acres, making it one of India’s largest aviation infrastructure projects.The airport is also a key anchor of the YEIDA Master Plan 2041 and is expected to support industrial, logistics and commercial growth while easing passenger pressure on Delhi’s Indira Gandhi International Airport.