Government Launches Real Estate Development Near Airports for Economic Growth
The Indian government, led by Civil Aviation Minister Ram Mohan Naidu, is set to boost real estate activities around new and existing airports to drive economic growth and create multifunctional hubs.
Real EstateAirportsEconomic GrowthInfrastructureDevelopmentReal Estate NewsSep 01, 2025
Speaking on the second day of the National Real Estate Development Council’s (NAREDCO) 17th National Convention, the Minister revealed that a study is being conducted to draw inspiration from leading global airports. Examples from New York, London, and Hong Kong are being analysed to create similar large-scale economic zones around India’s greenfield airports.
Naidu highlighted that airports in these global cities operate on a massive scale, supporting multiple related activities. Real estate growth around these hubs plays a major role in sustaining economic activity. India aims to replicate this model, enhancing infrastructure and services in the vicinity of airports.
The Minister noted that airports attract high footfall, not just for travel but for recreation and business activities. Plans include the development of convention centres, hotels, and commercial spaces near airports, encouraging investment and creating job opportunities.
Currently, India has 88 operational airports, with several more under development. These upcoming hubs are expected to serve as catalysts for both regional and national economic growth. Strategic planning will ensure that they become long-term assets for the country’s infrastructure landscape.
Niranjan Hiranandani, Chairman of NAREDCO, stressed that the real estate industry must align its growth with national priorities. He urged the sector to step up and meet the country’s evolving development needs, ensuring sustainable and impactful outcomes.
Frequently Asked Questions
What is the government's plan for real estate near airports?
The government plans to boost real estate activities near upcoming and newly developed airports to drive sectoral growth and create multifunctional hubs.
Which global airports are being studied for inspiration?
The government is studying airports in New York, London, and Hong Kong to create similar large-scale economic zones around India’s greenfield airports.
What are the key activities planned around these airports?
The plans include the development of convention centres, hotels, and commercial spaces near airports to encourage investment and job creation.
How many operational airports does India currently have?
India currently has 88 operational airports, with several more under development.
What role does NAREDCO play in this initiative?
NAREDCO, the National Real Estate Development Council, is urging the real estate industry to align its growth with national priorities and ensure sustainable and impactful outcomes.
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