How Are Jewar Airport, Infrastructure Boom Transforming Faridabad Real Estate?
The upcoming Jewar Airport is an ambitious infrastructure project expected to drive substantial growth in Faridabad, particularly impacting its real estate market. Situated 38 km from the region, the airport will enhance connectivity with a drive time of approximately 20 minutes, offering a more efficient alternative to the Indira Gandhi International Airport (IGI). Further, this growth trajectory is supported by substantial infrastructure development, including new expressways, metro expansion, booming healthcare projects, and transportation enhancements. With this transformative infrastructure growth, Faridabad is poised for significant expansion in the coming years.
Moreover, the developments have boosted property appreciation in the area, displaying annual growth rates projected at 8 per cent by 2030. This projection has positioned Faridabad as an increasingly attractive prospect for real estate investment. The arrival of Jewar Airport will be a game-changer for the region, significantly boosting economic activities and businesses in Faridabad. Therefore, the influx of businesses will bring more commercial and residential projects to the area, allowing developers to capitalise on Faridabad’s growing potential.
R C Gupta, vice-president, CREDAI-NCR and MD RPS Group, said, “The presence of the upcoming Jewar Airport is likely to bring a monumental shift to Faridabad’s real estate landscape. Faridabad has already witnessed a 15 per cent increase in demand for corporate office spaces last year; with the presence of Jewar Airport, increased connectivity is anticipated, attracting multinational companies and businesses to the region. Hence, this is a great opportunity for developers to introduce the region with more premium projects and cater to the needs of businesses and people living in Faridabad.”
Mohit Goel, managing director of Omaxe Group, said, “From an industrial base to one of the most rapid urban centres in the NCR region, Faridabad has come a long way. As the development of Jewar Airport is in full swing, the property prices in the region and neighbouring areas are on an upswing. With the progress of the airport construction and rising demand of both residential and commercial real estate will result in beneficial returns soon over completion.”
Apart from this, it is estimated that Faridabad will attract approximately 30,000 professionals in the next five years, which indeed calls for rapid growth. Already established as a corporate hub, Jewar Airport is expected to act as a catalyst to attract new businesses and boost demand for more commercial spaces.
Romi Garg, Director of Pebble Downtown, said, “The advent of the Jewar Airport will act as a catalyst for both the commercial and residential segments. With the airport enhancing connectivity and drawing a surge of economic activity, a significant rise in demand for premium office spaces and retail hubs is also expected. Simultaneously, the influx of professionals and the increased need for residential developments will bring opportunities to create vibrant, integrated communities. Therefore, amid the infrastructure boom and strategic placement of Jewar Airport, we look forward to contributing to transforming Faridabad’s skyline.”
Ankit Kansal, MD, Axon Developers, said, “Across the 165 km long Yamuna Expressway, which connects Noida to the Agra region in western UP, one of the biggest infra projects is unravelling in Gautam Buddha Nagar in the form of Jewar Airport. The mega project spread across 6200 hectares of land will commence operations soon with an initial capacity of 12 million. Once completed, the project will manage 70 million passengers. While Jewar will have a noteworthy economic impact on Noida & Greater Noida, its positive ramifications will be felt in the nearby Faridabad region as well.”
In 2025, a 6-lane Jewar-Faridabad highway will be operational, which will connect Faridabad with the Jewar region. Besides, Jewar Airport will also be approachable via the Yamuna Bridge. With the mega airport unfolding, many international and national level businesses and manufacturers will be drawn towards Faridabad. We can see new investments in retail, consumer durable, textile, energy, smartphone & appliances, automotive, etc. Meanwhile, with new businesses coming in, there will be heightened investments towards hotels, business parks, shopping centres, mass housing, warehouses, etc., setting up the stage for vigorous growth.
Looking ahead, the transformative power of Jewar Airport positions the city on the brink of a new era. As developers and investors capitalize on these opportunities, Faridabad is on track to evolve into a dynamic urban centre that offers a harmonious blend of commercial vitality and quality living.
