Airports driving real estate expansion in major cities.

Property values near airports in places like Navi Mumbai and Noida have increased nearly 100% from FY21 to FY25, greatly exceeding the overall city averages. This pattern is similarly noted in Hyderabad and Bengaluru, where properties near the airport have increased in value by 74% compared to the city's 48%. A report from Square Yards indicates that airports significantly influence economic expansion and real estate progress, especially in micro-markets. The research analyzes how airports influence property price movements from FY21 to FY25 in key cities and areas, such as Bengaluru, Hyderabad, Navi Mumbai, and Noida & Greater Noida. It emphasizes that property value increases in airport-driven areas have consistently surpassed overall city averages for both residential plots and apartments. Airports rank among the key catalysts for economic expansion, urban change, and property development. In India, cities centered around significant airports like Delhi, Mumbai, Bengaluru, and Hyderabad have shown continuous residential expansion. This is fueled by enhanced connectivity, greater job centers, and substantial infrastructure investment. Mr. Tanuj Shori, CEO and Founder of Square Yards, observes that the effect is more pronounced in micro-markets situated near airports. Even greenfield initiatives such as Noida International Airport and Navi Mumbai International Airport are stimulating residential development long before they start operating. At present, India features 140 airports managing almost 412 million travelers each year, a number anticipated to grow to 300 airports accommodating around three billion passengers yearly by 2047.