Micro-markets anchored by airports are witnessing significantly faster property price appreciation compared to other parts of the same city.
In Navi Mumbai and Noida, where the new airport is schedule to one this year, prices have increases by upto almost 100% from FY 2021 to FY 2025 while cities like Hyderabad and Bengaluru have also seen prices increases by 74% near airport compare to 48% in city, according to Square Yards.
The report studies the airport-driven impact on property price trends from FY 2021 to FY 2025 in select key major cities and regions, such as Bengaluru, Hyderabad, Navi Mumbai, and Noida & Greater Noida (including Yamuna Expressway), capturing the strong recovery as well as upcycle in residential markets in the post-pandemic years.
The report highlights that property price growth in airport-led corridors has consistently outperformed citywide averages for both apartments and residential plots.
“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, increase in employment hubs, and large-scale infrastructure investment,” said Tanuj Shori, CEO & Founder, Square Yards.
Currently, India currently has 140 airports handling nearly 412 million passengers annually, as per the Airports Authority of India. This figure is expected to rise to 300 airports serving nearly 3 billion passengers annually by 2047.
“This impact is even more visible in micro-markets located near airports. Even greenfield projects like Noida International Airport and Navi Mumbai International Airport are already driving residential activity well before operations begin,” Shori said.
In Navi Mumbai and Noida, where the new airport is schedule to one this year, prices have increases by upto almost 100% from FY 2021 to FY 2025 while cities like Hyderabad and Bengaluru have also seen prices increases by 74% near airport compare to 48% in city, according to Square Yards.
The report studies the airport-driven impact on property price trends from FY 2021 to FY 2025 in select key major cities and regions, such as Bengaluru, Hyderabad, Navi Mumbai, and Noida & Greater Noida (including Yamuna Expressway), capturing the strong recovery as well as upcycle in residential markets in the post-pandemic years.
The report highlights that property price growth in airport-led corridors has consistently outperformed citywide averages for both apartments and residential plots.
“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, increase in employment hubs, and large-scale infrastructure investment,” said Tanuj Shori, CEO & Founder, Square Yards.
Currently, India currently has 140 airports handling nearly 412 million passengers annually, as per the Airports Authority of India. This figure is expected to rise to 300 airports serving nearly 3 billion passengers annually by 2047.
“This impact is even more visible in micro-markets located near airports. Even greenfield projects like Noida International Airport and Navi Mumbai International Airport are already driving residential activity well before operations begin,” Shori said.
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