Hosur Airport Boosts Land Prices by 25-40%: A New Industrial Hub Emerges
As Hosur, an industrial hub in Tamil Nadu, gears up for the construction of a new airport, the real estate market is experiencing a substantial boost. The Rs 19,000 crore airport project, expected to handle 300 lakh passengers annually, is projected to increase property values in the town by 25% to 40% over the next 2 to 3 years.
Speculative buying near Berigai and Bagalur in Shoolagiri taluk of Krishnagiri district has already driven land prices up to Rs 1,500 and Rs 3,500 per square foot. Dr. Prashant Thakur, Executive Director & Head - Research & Advisory at ANAROCK Group, explains, “The airport is likely to cause a significant increase in property values in Krishnagiri district, ranging from 25% to 40% depending on the exact location and project. It will enhance connectivity along Bengaluru's south-eastern corridor and boost demand for industrial and commercial spaces.”
Bala Ramajayam, Founder and Managing Director at G Square, a prominent real estate developer, notes, “We are already witnessing a significant surge in property prices and customer inquiries in Hosur, following the announcement of the airport. Customer inquiries have notably increased from two key groups: investors and professionals from nearby Bengaluru's Electronic City, who see the airport as a major connectivity advantage and a chance for strong, high-yield capital appreciation.”
Ramajayam adds that the Hosur airport is expected to attract Rs 80,000–1,05,000 crore in sectoral investments and generate 3.65–4.55 lakh jobs over the next decade. This will position Hosur as India’s next major integrated industrial and aviation hub. The town, already a manufacturing hub with a strong base of electronic and EV product manufacturing, will see further growth as industries establish warehouses and third-party logistics operations, taking advantage of the airport’s better access to global markets.
With the airport announcement, the real estate market in Hosur has seen a remarkable transformation. Property prices have nearly tripled, driven by the anticipated benefits of improved connectivity and increased industrial activity. This development is poised to make Hosur a key player in India’s economic landscape, attracting significant investment and fostering job creation.