Noida International Airport expected to boost Faridabad's real estate market
Developers anticipate surge in demand as improved connectivity positions city as NCR's next growth hub
New Delhi: The Noida International Airport is expected to boost Faridabad's real estate market, which has lagged other NCR hubs for decades. Despite its proximity to Delhi and location between Gurgaon and Noida, Faridabad did not emerge as a major residential or commercial hub even as developers focused on the other two cities.
Developers that have acquired land in the city are now expecting a rise in demand, aided by proposed connectivity with the airport in Jewar. "In every mature real estate market, infrastructure has been the foundation of long-term value creation, and the improving access to Jewar airport is a strong example of that," said Mohit Goel, managing director at Omaxe Ltd.
"It is not only about reduced travel time, but about bringing Faridabad closer to key economic centres, employment hubs and future investment corridors across NCR. This shift can widen the buyer base, support demand for better planned communities and create fresh opportunities for retail, hospitality and commercial development," he said.
Experts said cities that combine infrastructure, liveability and value pricing tend to outperform over time. "Faridabad's real estate growth has historically lagged behind other NCR markets, despite its strategic location between Delhi, Gurugram and Noida, offering direct access to key economic and residential corridors," said Uddhav Poddar, CMD at Bhumika Group.
"However, the landscape is now beginning to shift. The region is already witnessing rising demand for luxury residential developments and integrated townships, supported by gradual infrastructure expansion."
Bhumika Group is executing multiple projects in Faridabad. The airport is expected to handle 12 million passengers annually in the first phase and 70 million at full capacity, positioning it among India's largest aviation hubs. The broader impact zone spans 20,000-25,000 sq km, influencing a population of 40-50 million and contributing 6.43% to India's GDP, according to Cushman & Wakefield.
Noida contributes Rs 2.63 lakh crore (10.3%) to Uttar Pradesh's gross state domestic product, with per capita income crossing Rs 10 lakh, it said.
"With the right planning and execution, Faridabad has the potential to become one of NCR's most balanced and future-ready growth centres," Goel said.
This outlook is reinforced by developments around the Noida International Airport, where apartment prices have nearly tripled between 2020 and 2025, alongside sharp land value gains driven by improved connectivity and investor interest.
"Cities such as Faridabad, given their proximity and improving connectivity, are expected to benefit from emerging corridors including the FNG Expressway, the Greenfield Expressway, the Delhi-Mumbai Industrial Corridor (DMIC) and the proposed Namo Bharat corridor," said Manik Malik, CEO and president, BPTP Limited.
"These initiatives are gradually strengthening access between residential clusters, employment centres and regional infrastructure such as the airport, which in turn may contribute to broader economic and commercial activity across the region."
The group recently launched Skynest, a residential project in Sector 80, Greater Faridabad.
"In addition, recent infrastructure developments continue to strengthen regional mobility. The National Highways Authority of India has approved the long-pending two-way upgradation of the Kalindi Kunj corridor, with plans to make the stretch signal-free. This development is expected to ease congestion and improve travel time between Delhi, Noida and Faridabad, further enhancing inter-city connectivity within the NCR," Malik said.
Noida has delivered nearly five-fold returns in some micro-markets over the past six years, driven by infrastructure expansion, policy support and rising demand. Faridabad is expected to see similar gains.
