The primary driver is the airport project itself, with prices escalating in phases corresponding to construction milestones. Other critical factors include exact location (distance from terminals/expressway), infrastructure status of the sector, type of developer (Authority vs. private), and announcements of supporting projects like metro extensions or industrial zones. Land in notified, developing sectors sees the most consistent growth.
The market shows clear price stratification. Premium priced land is found in developed Authority sectors (e.g., YEIDA) with operational infrastructure. Mid-range pricing applies to emerging sectors with approved layouts but ongoing development. The most affordable land is typically agricultural or newly notified land further from the core, carrying higher future conversion risk but lower entry cost.
Long-term price projections remain strongly positive, with the next major surge expected around the airport's operational launch. A strategic approach involves identifying sectors where infrastructure work is imminent but not yet fully priced in. Investors should focus on land with clear titles and approved layouts, even at a slight premium, to avoid legal risk and ensure smoother appreciation.