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Residential property prices in micro-markets near operational and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida have registered a substantial increase of 70-120% over the last four years, as reported by Square Yards. The real estate consultancy attributed this surge to improved connectivity and infrastructure in airport-adjacent corridors. Residential plots in these areas experienced even sharper hikes, reaching up to 118% growth, significantly outperforming city-wide averages. The findings underscore the growing influence of airports in shaping real estate appreciation across India.
Housing micro-markets located near existing and upcoming airports across Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida have recorded a steep appreciation in property values, rising between 70% and 120% over the last four financial years, as outlined by real estate consultancy Square Yards. Advertisement
According to Square Yards- latest research report titled Jet Set Growth - Airports Fuelling Property Market Expansion in India, these airport-driven corridors are witnessing property value increases that significantly outpace the growth rates seen across broader city regions. The report focused on the price dynamics in specific regions including the Yamuna Expressway, Panvel, North Bengaluru, and South Hyderabad.
The study highlighted that apartment prices in these airport-influenced zones climbed by 69% to 90% between the 2020-21 and 2024-25 financial years. Meanwhile, residential plot values soared by 84% to 118% over the same timeframe. These figures notably exceed the city-wide averages, where apartment prices saw a more modest appreciation of 45-79%, and plot prices grew by 45-93%.
Square Yards remarked that micro-markets positioned around airports are exhibiting far steeper property appreciation than other parts of the same metropolitan area. The firm noted that these trends reinforce the catalytic role of airports in shaping urban expansion and driving residential demand.
Tanuj Shori, CEO and Founder of Square Yards, observed that airports are now among the primary agents of economic activity, real estate growth, and infrastructural transformation. He pointed out that cities such as Delhi, Mumbai, Bengaluru, and Hyderabad-which are anchored by prominent airports-have witnessed consistent growth in residential sectors due to enhanced accessibility, proliferation of employment hubs, and large-scale public investment.
He further added that the effect of such development becomes even more pronounced in the immediate catchment areas of airports, where growth trajectories have been especially strong.
Among the examples cited, average apartment prices along the Yamuna Expressway corridor now range between INR 7,000 and INR 9,000 per square foot-marking an approximate 90% jump in the past four years. Similar upward trends were seen in Panvel near Navi Mumbai airport and in peripheral zones of Hyderabad and Bengaluru that align with future airport development plans.
As urban sprawl intensifies in India's key metros, airport-led micro-markets are expected to continue outperforming traditional residential zones, both in terms of pricing and overall demand. This trend highlights a broader pattern of infrastructure shaping urban real estate outcomes across the country.
Source - PTI
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