Government Unveils Plans to Boost Real Estate Near Airports
The Civil Aviation Minister, Ram Mohan Naidu, has announced that the government will focus on boosting real estate activities near newly developed and upcoming airports to drive sectoral growth and economic development.
Real EstateAirportsEconomic GrowthInfrastructureDevelopmentReal EstateSep 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 analyzed 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 centers, 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 newly developed and upcoming airports to drive sectoral growth and economic development, aiming to achieve 15% growth in the near future.
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 kind of activities are planned near the airports?
Plans include the development of convention centers, hotels, and commercial spaces near airports to encourage investment and create job opportunities.
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.
Related News Articles
Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of