Noida's Jewar Airport is set to commence on October 30, and with its aggressive launches in the property market, fraudulent activities have also surged. Property prices have reached new highs even before the airport's opening, and fraudsters are becoming increasingly active. Investors and homebuyers must remain vigilant as cases of counterfeit documents and fake registrations have surfaced.
Due to rising fraud cases, buyers are being advised to exercise great caution. Various real estate fraud cases have emerged in nearby districts. Investors have reported losses amounting to crores of rupees, and fraudsters are utilizing fake documents, registrations, and false identities as their tactics.
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Given the rapid and unregulated construction activities, new guidelines have been issued. All projects within a 20-kilometer radius of the airport must secure prior approval from the Airport Authority of India. Developers must adhere to safety and height standards or face project cancellations.
These stringent rules may slightly reduce supply, particularly for high-rise buildings and large projects, but are essential for investor safety.
Noida's property market is gearing up for the grand opening of the Jewar Airport. As news of the airport's launch spreads, the area is experiencing significant transformations. There could be a pronounced surge in property rates. Since 2020, land prices around Jewar have increased by up to 60%. Investors and prospective homebuyers are attentively watching this project.
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New regulations for projects near the airport have made investors and buyers more cautious than ever. Within 45 days of its inauguration, commercial flights are expected to commence. Initially, the airport will connect with at least 10 Indian cities. This much-anticipated launch is prompting investors, builders, and buyers to rethink their strategies. Everyone is striving to position themselves advantageously ahead of this significant change.
Areas like Jewar, Tappal, and Dankaur have seen a sharp rise in land prices over the past five years. Prices here have surged approximately 1.6 times, and this trend is expected to continue. In many places, property prices have more than doubled, mainly due to early infrastructure investments, such as plotted schemes and integrated gated townships.
Real estate experts believe that the impact of Jewar Airport will extend beyond residential, affecting commercial, industrial, and hospitality sectors as well. Developers have launched high-rise luxury apartments, studio units, and premium retail spaces along this corridor. A leading developer recently announced sales worth over ₹5,000 crore along this expressway, indicating massive demand in the area.
The allure of this region is further enhanced by several other major projects, such as:
Delhi-Varanasi Bullet Train Corridor
Metro expansion
Upcoming Film City
Improved and wider highways
These projects collectively make this area even more attractive for investment.
