Airports are among the most powerful catalyst for real estate growth, driving connectivity, infrastructure growth and urban development across regional level. Corroborating with this, India’s largest real estate markets such as Delhi NCR, Mumbai, Bengaluru and Hyderabad, host the country’s major international airports and account for nearly half of the air passenger traffic across India. A discerning trend has been observed across these metros, where the areas near the airports have witnessed faster growth in demand and property prices driven by premium real estate development as compared to other micromarkets with the city.
The Square Yards’ report, Jet Set Growth – Airports Fuelling Property Market Expansion in India, spotlights the key airport-led corridors in cities like Bengaluru and Hyderabad, which have shown measurable growth, along with flagship upcoming international airports in Navi Mumbai and Noida that are driving property growth even before the first flight takes off. The findings suggest that between FY21 and FY25, these corridors have consistently outperformed overall citywide property growth and the momentum is only picking up.
Key findings (FY 21-FY 25):
- North Bengaluru apartment prices grew 69%, plots jumped 118%.
- South Hyderabad saw apartment values rise 74%, plots by 84%.
- Panvel Region (Navi Mumbai) recorded a 74% increase in apartment prices, 93% in plots.
- Yamuna Expressway (Noida & Greater Noida) saw apartment prices grow by 90%, plots by 94%.
India planning to nearly double its airports by 2047 across Tier-I & II cities, paves way for many more high-growth corridors offering significant opportunities for homeowners, investors, and developers in coming period.
Explore the full findings below in our report:
