Yearend 2025: Here’s how airport corridors boost real estate demand in NCR, Mumbai and Bengaluru markets

Infrastructure development has transformed once peripheral locations into highly accessible urban clusters, attracting home buyers as well as long-term investors.

According to the Square Yards report titled ‘Jet Set Growth – Airports Fueling Property Market Expansion in India’, the overall housing micro-markets near existing and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai and Greater Noida have seen prices rise by 70-120% in the last four years, including in select key cities and areas like Bengaluru, Hyderabad, Navi Mumbai and Noida and Greater Noida (including Yamuna Expressway). The airport-driven impact on property price trends has been studied in the United States.

“Micro-markets associated with airports are witnessing a significant rise in property prices compared to other parts of the same city,” it said.

“Airports are among the most influential enablers of economic growth, urban transformation and real estate development. In India, cities are driven by major airports, Cities such as Delhi, Mumbai, Bengaluru and Hyderabad have demonstrated sustained residential growth due to better connectivity, growth in employment hubs and large-scale infrastructure investment. This effect is even more visible in micro-markets located near airports,” said Tanuj Shori, CEO and Founder, Square Yards.

Real estate experts said airports act as major growth engines for urban real estate, leading to multiplier effects across residential, commercial and logistics sectors.

“Better connectivity, massive infrastructure upgrades, and influx of jobs around airport areas generally accelerate economic activity, making nearby micro-markets attractive to both end users and investors. This ecosystem drives demand for housing, hotels, offices and warehouses, leading to faster capital appreciation compared to many other parts of the city,” Priyanka Kapoor, senior vice president, research and advisory, ANAROCK Group, told Hindustan Times Real Estate. Told to.

Gautam Buddha Nagar, which covers Noida, Greater Noida and Yamuna Expressway, has gained momentum with 10,242 launches in the first nine months of 2025, a year-on-year growth of 54%, supported by strong infrastructure development, competitive pricing and growth expectations around Noida International Airport, a Cushman & Wakefield Report report said. Moreover, the influx of industrial investments is already creating buzz across the real estate spectrum. As factories and manufacturing units start functioning, the demand for quality housing, modern workplace and lifestyle infrastructure is accelerating.

Gaurav Mavi, co-founder of BOP.in, told Hindustan Times Real Estate that Property prices along Yamuna Expressway now at par with Greater Noida Westwith New launches are being traded Rs 10,000 per square footRecent projects include Gaursans Chrysalis in Sector 22Dat cost ₹9,500 per sq ft for 1,900 sq ft unitsAnd Aldico’s projectgift 1,550 sq ft units Rs 9,000 per sq ft (all inclusive)With prices starting from 1.75 croreThe state is also watching strong futuristic demandwith NRIs are showing increasing interest And Developers are actively looking to acquire land In the area.

Yash Miglani, Managing Director, Migson Group said, Yamuna Expressway Reaching an interesting inflection point, and here the story of commercial real estate is just beginning to unfold. As we approach the inauguration of the Noida International Airport, a structural change is coming, based on real need rather than mere speculation, long-term infrastructure planning and a new economic identity for the corridor.

Also read: Residential plots near airports see 84-118% growth in four years, compared to apartments: Report

According to a report by SquareYards, apartment prices in the Panvel area (near Navi Mumbai Airport) range from Rs. Rs 10,000-12,000 per sq ft, an increase of 74% from FY11 to FY25. Compared to the rest of Navi Mumbai, where prices were more than Rs. Rs 19,000-21,000 per sq ft, but saw only a 45% increase.

Prices of residential plots range from Rs. 80,000-85,000 per square yard in the Panvel area, which witnessed a growth of 93% during the above mentioned period. Plot prices were higher in other parts of the city 1,10,000-1,30,000 per square yard, but they grew relatively at a slower pace of 58% in the same period.

“Localities like New Panvel, Old Panvel, Kharghar, Ulwe and Taloja are witnessing a surge in development with increasing supply of premium residential projects, gated communities and large integrated townships. The market response has been strong, with apartment prices in the Panvel area increasing by nearly 74% between FY2021 and FY2025, while the rest of Navi Mumbai has increased by 45%,” Deepak Khandelwal, Principal partner and chief sales officer, Square, said. yard.

“Navi Mumbai Airport is set to drive the next wave of value creation, which will not only strengthen Panvel’s position as one of the most promising growth hubs in the Mumbai Metropolitan Region and beyond,” Khandelwal said.

Additionally, the City and Industrial Development Corporation (CIDCO) plans to develop a 667-acre Aerocity near Navi Mumbai Airport. Aerocity will allocate approximately 123 acres of land for residential, commercial and retail development.

“The proposed Aerocity in the surrounding area, designed to seamlessly integrate top-class commercial, residential and recreational spaces, will foster a new urban ecosystem that blends work and lifestyle. Additionally, with the Atal Setu enhancing connectivity and reducing travel time in Mumbai, the area will remain high on the radar for homebuyers, developers and investors,” said Vimal Nadar, national director and head of research, Colliers India, a real estate Consultancy firm.

Also read: Noida Airport: Authorities ban illegal construction within 10 km, what does this mean for plot investors?

Square Yards reports that in North Bengaluru areas located close to Kempegowda International Airport, apartment prices range between Rs. Rs 11,000-13,000 per sq ft, registering a growth of 69% between FY21 and FY25. In contrast, the rest of the city saw prices between Rs. Rs 13,000-15,000 per sq ft, with a low growth of 48%. Plot prices in North Bengaluru were in the range of Rs. 68,000-72,000 per square yard, registering a significant 118% increase over FY11-FY25. Rest of Bengaluru saw prices between Rs. 80,000-85,000 per square yard, growing at a rate of 93%, the report said.

The transformation of this once peripheral area has been remarkable. “The northern outskirts were once considered too remote by many residents. Today, the same area has transformed into a thriving real estate hotspot due to rapid infrastructure upgrades and growing residential demand,” said Shori.

Looking to the future, real estate experts say the prospect of a second airport for Bengaluru is also already influencing real estate sentiment. “The locations under consideration, including Kanakapura Road and Nelamangala-Kunigal Road corridor, are seeing increasing investor interest and have seen early movement in land prices. This pre-emptive activity reflects the market confidence that airports, as mega infrastructure projects, reshape the urban growth pattern and are expected to witness sustained rapid appreciation in surrounding real estate markets once the plans materialize and implementation begins,” Kapoor said.