The Yamuna Expressway Authority has received 1.12 lakh applications for 451 plots located near the Noida Airport.

Real estate experts highlighted that the strong response reflects the growing residential demand in the vicinity of Noida Airport. Industry data indicates that land prices in areas such as Jewar have increased by 40-50% over the past two years.

The Yamuna Expressway Industrial Development Authority (YEIDA) has received an overwhelming response to its residential plot scheme launched last month near the upcoming Noida International Airport. Over 1.12 lakh applications were submitted for just 451 plots in Sector 24A, along the Yamuna Expressway, which connects Greater Noida with Agra and Mathura. The scheme generated approximately ₹4,800 crore in revenue solely through registrations.

Real estate experts noted that this strong response highlights the surging demand for residential properties near Noida Airport. A YEIDA official stated that the lucky draw for allotting these plots will be held on December 27. The plots are strategically located near key infrastructure projects, including the proposed Film City in Sector 21 and the Eastern Peripheral Expressway.

The scheme, which opened on October 31 and closed on November 30, offered residential plots in five size categories: 120 sq m, 162 sq m, 200 sq. m, 250 sq. m, and 260 sq. m. Applications were highest for the 200 sq m plots, with 48,266 applicants, followed by 36,523 applications for 162 sq. m plots, and 24,063 for 120 sq m plots. The least interest was seen in the larger 250 sq m and 260 sq m plots, with only 1,837 and 1,333 applications, respectively.

The allocation includes 100 plots of 120 sq m, 169 plots of 162 sq m, 172 plots of 200 sq m, six plots of 250 sq m, and four plots of 260 sq m. Priced at ₹25,900 per sq m, the smallest 120 sq m plot will cost ₹31.08 lakh, while the largest 260 sq m plot is priced at ₹67.34 lakh, excluding additional charges and taxes.

Booming Real Estate Demand

The scheme underscores the growing demand for residential, commercial, and industrial spaces in the region, said Vishal Raheja, founder and managing director of InvestoXpert.com. Industry data reveals that land prices in areas like Jewar have appreciated by 40-50% over the last two years, reflecting strong investor confidence.

Raheja added that a study predicts the Noida Airport vicinity could emerge as one of India’s top five real estate hotspots by 2025, with an estimated market valuation exceeding ₹60,000 crore. This growth trajectory mirrors the development seen around Delhi’s IGI Airport, where property values tripled within a decade.

The combination of robust infrastructure, favorable policies, and strategic location positions the Noida International Airport area as a key growth driver for the National Capital Region, offering significant opportunities for early investors in the real estate market.