Real estate markets near major airports are experiencing significant appreciation, with housing plots leading the charge. Over the last four years, plot values in these prime locations have soared by 84-118%, consistently outperforming apartment price growth, which saw increases ranging from 45-93%. This trend highlights the strong influence of airport development on local property markets.
Why Airport-Driven Markets Thrive: Connectivity and Infrastructure
Improved connectivity, expanding employment hubs, and substantial infrastructure development are key drivers behind the rapid increase in property values around airports. Micro-markets near both existing and upcoming airports, particularly in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida, have seen sharp rises in demand, especially for plots. These airport-linked corridors consistently demonstrate stronger property price growth than citywide averages for both apartments and residential plots.
“Jet Set Growth” Report: Key Findings
Square Yards’ “Jet Set Growth – Airports Fuelling Property Market Expansion in India” report analyzed the impact of airports on property price trends in several major Indian cities and regions, including Bengaluru, Hyderabad, Navi Mumbai, and Noida & Greater Noida (including Yamuna Expressway). The report reveals a 70-120% appreciation in overall housing micro-markets near airports over the past four years.
Regional Breakdown: Plot Growth Dominates
Noida & Greater Noida: Yamuna Expressway Leads Plot Appreciation
Along the Yamuna Expressway, connecting Noida and Greater Noida to the upcoming Noida International Airport, apartment rates ranged from Rs. 7,000–9,000 per sq ft, achieving a 90% growth between FY21 and FY25. Meanwhile, the rest of Noida recorded apartment prices of Rs. 9,000–11,000 per sq ft, with a 79% growth.
However, residential plot values along the Yamuna Expressway significantly outperformed, reaching Rs. 65,000–70,000 per sq yd and registering a remarkable 94% growth over FY21–FY25. In contrast, other parts of Noida saw plot prices between Rs. 90,000–1,10,000 per sq yd, with a slower 45% growth during the same period.
Bengaluru: North Bengaluru Plots Soar
In North Bengaluru, close to the Kempegowda International Airport, apartment prices ranged between Rs. 11,000–13,000 per sq ft, recording a 69% growth from FY21 to FY25. The rest of Bengaluru saw prices between Rs. 13,000–15,000 per sq ft, with a lower 48% growth.
Plot prices in North Bengaluru truly stood out, ranging from Rs. 68,000–72,000 per sq yd and registering an impressive 118% growth over FY21–FY25. The rest of Bengaluru experienced plot prices between Rs. 80,000–85,000 per sq yd, growing by 93%.
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Navi Mumbai: Panvel’s Plotted Land Sees Strong Gains
In areas near the upcoming Navi Mumbai International Airport, apartment prices in the Panvel region reached Rs. 10,000–12,000 per sq ft, growing by 74% from FY21 to FY25. The rest of Navi Mumbai commanded higher apartment prices of Rs. 19,000–21,000 per sq ft but saw only 45% growth.
Panvel’s plotted land rates averaged Rs. 80,000–85,000 per sq yd, reflecting a strong 93% increase. Other parts of the city saw higher plot prices at Rs. 1,10,000–1,30,000 per sq yd, but with a relatively slower growth of 58% over the same period.
Airports as Economic Growth Catalysts
“Micro-markets anchored by airports are witnessing significantly faster property price appreciation compared to other parts of the same city,” states Square Yards.
Tanuj Shori, CEO and founder of Square Yards, emphasizes, “Airports are among the most influential enablers of economic growth, urban transformation, and real estate development. In India, cities anchored by major airports, such as Delhi, Mumbai, Bengaluru, and Hyderabad, have demonstrated sustained residential growth, driven by improved connectivity, increased employment hubs, and large-scale infrastructure investment. This impact is even more visible in micro-markets located near airports.”
Are you considering an investment in real estate? Understanding these trends in airport-driven markets could be key to maximizing your returns.
