July 15, 2025: The upcoming Navi Mumbai International Airport (NMIA) and Noida’s Jewar Airport are playing a pivotal role in transforming regional real estate landscapes. These large-scale aviation projects go beyond improving travel—they are reshaping urban environments, boosting property values, and supporting integrated development in line with India’s goals for sustainable urbanisation.
In Navi Mumbai, the development of NMIA is aligned with infrastructure upgrades such as Metro Line 1, the Mumbai Trans Harbour Link (MTHL), and the Seawoods–Uran railway line. This enhanced connectivity has led to land price increases of 20–30% in emerging areas like Ulwe, Panvel, and Kharghar. Around Jewar Airport, similar trends are visible with the expansion of metro lines, expressways, and road infrastructure pushing land values up nearly 40% over five years. These projects not only improve access but also help reduce vehicular emissions, contributing to more sustainable cities.
Government bodies are complementing airport growth with major investments. In the Jewar region, nearly 5,232 acres were acquired between 2021 and 2025 for key developments such as a Film City, Medical Device Park, Fintech Zone, and a Japanese-Korean Tech Hub. Supporting amenities, including police and fire stations, logistics parks, and industrial hubs, are transforming these areas into vibrant, multi-use zones.
The value proposition is strong: land prices in Jewar have surged from Rs 25–28 lakh per hectare in 2018 to Rs 1.25–1.5 crore in 2024, a 400% rise. In Navi Mumbai, residential property rates have grown by 23% annually, averaging Rs 10,810 per square foot in 2024.
Both airports are set to begin Phase 1 operations by 2025. Jewar aims to handle 12 million passengers annually, while NMIA targets 25 million. With rapid transit links like the Ghaziabad–Jewar RRTS, these hubs are expected to accelerate regional growth further.
Source: Urban Acres
