India Plans Skyscrapers Near New Airports to Boost Real Estate
Civil Aviation Minister Ram Mohan Naidu has announced plans to develop real estate near upcoming airports, aiming to achieve a 15% sectoral growth in the near future.
Real EstateAirportsEconomic GrowthNaredcoGovernment PlansReal EstateAug 31, 2025
An official release said the Minister made the announcement during the second day of the National Real Estate Development Council’s (NAREDCO) 17th National Convention on Saturday. “The Minister indicated that a study is being undertaken to draw development cues from leading airports of the world such as those in New York, London, and Hong Kong, so that multiple large-scale economic activities can be ensured around upcoming airports in the country,” the release said.
The Minister emphasised that airports in these global cities operate at very high economies of scale with multiple associated activities, including real estate development. “India would take a cue from these examples to develop similar utilities around new greenfield airports.”
Airports generate huge footfalls not only for recreation but also for diverse economic activities in and around their vicinity. “Hence, the Government intends to encourage the creation of convention centers and hotels close to such airports for multiple economic gains,” Naidu said.
“The Government has already operationalised 88 airports, with many more in the pipeline,” he added. Niranjan Hiranandani, Chairman, NAREDCO, in his address, pointed out that the growth of the real estate sector must be aligned with national requirements, and the industry must rise to deliver on those expectations.
Frequently Asked Questions
What is the government's plan for real estate near new airports?
The government plans to develop real estate activities near upcoming and new airports to achieve a 15% sectoral growth in the near future.
Which global airports are being studied for development cues?
The government is studying leading airports in New York, London, and Hong Kong for development cues.
What kind of economic activities are expected around new airports?
The government intends to encourage the creation of convention centers and hotels close to new airports for multiple economic gains.
How many airports are currently operational in India?
The government has already operationalised 88 airports, with many more in the pipeline.
What is NAREDCO's role in this development?
NAREDCO, the National Real Estate Development Council, is working to align the growth of the real estate sector with national requirements.
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