HomeInfrastructureAirport‑adjacent micro‑markets outperform city averages in recent property boom

Airport‑adjacent micro‑markets outperform city averages in recent property boom

Micro-markets strategically positioned around India’s major airports are exhibiting a markedly accelerated pace of property price appreciation compared to their respective citywide averages, according to a recent analytical report titled ‘Jet Set Growth – Airports Fuelling Property Market Expansion in India’. The comprehensive study highlights how these aviation-anchored corridors have consistently outperformed broader urban real estate trends from FY 2021 to FY 2025, underscoring the profound impact of improved connectivity and infrastructure investment on residential markets in the post-pandemic recovery and upcycle.

The report, drawing insights from key metropolitan regions such as Bengaluru, Hyderabad, Navi Mumbai, and Noida & Greater Noida, demonstrates a compelling correlation between airport proximity and robust property value growth. Tanuj Shori, CEO & Founder of the firm behind the report, emphasised that airports function as powerful catalysts for economic growth, urban transformation, and significant real estate development. He pointed out that major airport cities in India, including Delhi, Mumbai, Bengaluru, and Hyderabad, have consistently shown sustained residential expansion, driven by enhanced connectivity, the emergence of new employment hubs, and large-scale infrastructure projects. This effect is particularly pronounced in areas immediately surrounding these aviation gateways.

Data from the study reveals compelling disparities. In North Bengaluru, apartment prices surged by 69 per cent between FY21 and FY25, reaching between Rs. 11,000–13,000 per square foot, significantly outpacing the city’s average growth of 48 per cent. Similarly, residential plots in North Bengaluru witnessed an impressive 118 per cent appreciation, fetching Rs. 68,000–72,000 per square yard, compared to the rest of the city’s 93 per cent growth. South Hyderabad mirrored this trend, with apartment values rising by 74 per cent to Rs. 6,000–8,000 per square foot, while plots saw an 84 per cent increase, reaching Rs. 55,000–60,000 per square yard. Both figures substantially exceeded Hyderabad’s general market performance.

The impact extends to greenfield airport projects as well, demonstrating their pre-operational influence on real estate. In Navi Mumbai, the Panvel region, strategically located near the upcoming international airport, recorded a 74 per cent rise in apartment prices (Rs. 10,000–12,000 per square foot) and a 93 per cent surge in plotted land rates (Rs. 80,000–85,000 per square yard). These growth rates were notably higher than the broader Navi Mumbai market, which experienced 45 per cent and 58 per cent growth respectively. A similar pattern emerged along the Yamuna Expressway corridor in Noida and Greater Noida, with apartment rates appreciating by 90 per cent and plot values by 94 per cent, surpassing other parts of Noida.

With India’s aviation sector poised for monumental growth, aiming to expand from 140 airports handling nearly 412 million passengers annually to 300 airports serving approximately 3 billion passengers by 2047, the strategic importance of airport-led urban development cannot be overstated. This trajectory aligns with the national vision of ‘Viksit Bharat’, forecasting the emergence of globally connected, future-ready Indian cities. For real estate stakeholders, these insights present a strategic opportunity to capitalise on the symbiotic relationship between aviation infrastructure and sustainable urban expansion, fostering integrated developments that support economic vitality, equitable access, and a reduced carbon footprint in India’s rapidly evolving metropolitan landscapes.

Also Read: Mumbai considers relocating Navi Mumbai APMC market outside city boundary

Airport‑adjacent micro‑markets outperform city averages in recent property boom
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