India Aims for 50 More Airports in Next 5 Years, Boosting Real Estate Sector
India aims to have 50 more airports in the next five years, which will also create huge opportunities for the country's real estate sector, Civil Aviation Minister K Rammohan Naidu said on Friday.
Noting that airports are the “scaffolding” for the real estate sector, the minister also said that he is working actively to address issues related to height restrictions for buildings near airports without compromising on aviation safety.
India is one of the world's fastest-growing civil aviation markets, and currently, there are 165 operational airports in the country. On average, a new airport or a new terminal is built every 33 days, Naidu said.
He was speaking at the National Urban and Real Estate Development Conclave 2026, organized by the real estate industry body Naredco in the national capital. Highlighting the growth potential of the country's real estate sector, he said the segment is projected to be worth $1 trillion by 2030 and further increase to be valued at $5-7 trillion by 2047.
The minister emphasized the importance of focusing on the quality of living along with the standards of living in real estate development. The focus on standards of living will create assets, and with the focus on quality of living, “we will be creating well-being,” the minister said, amid issues of air pollution.
He also stressed the need to focus on rental housing and develop projects that can be rented out to youngsters. This approach will not only cater to the growing population of young professionals but also ensure a steady stream of income for property owners.
The development of new airports will not only enhance the country's aviation infrastructure but also stimulate economic growth in the surrounding areas. The creation of new job opportunities, increased tourism, and improved connectivity are some of the key benefits that come with the expansion of the aviation sector.
As India continues to grow and develop, the integration of modern infrastructure, such as airports, will play a crucial role in boosting the real estate market. The government's commitment to addressing the challenges associated with building near airports, such as height restrictions, demonstrates a proactive approach to ensuring both safety and development.
The National Urban and Real Estate Development Conclave 2026 provided a platform for industry leaders and policymakers to discuss the future of urban development and real estate in India. The conclave highlighted the need for sustainable and inclusive growth, ensuring that the benefits of development reach all sections of society.
In conclusion, the ambitious plan to build 50 more airports in the next five years is a significant step towards modernizing India's infrastructure and boosting the real estate sector. With a focus on quality of life and sustainable development, the country is well on its way to achieving its economic and social goals.
