India to Boost Real Estate Near New Airports for Sectoral Growth
Civil Aviation Minister Ram Mohan Naidu has announced plans to amplify real estate activities near upcoming airports, aiming for a 15% growth in the sector. The government will draw inspiration from global airports to foster economic activities.
Real EstateAirportsEconomic GrowthNaredcoDevelopmentReal Estate NewsAug 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.
This initiative aims to create a comprehensive ecosystem around new airports, fostering economic activities and enhancing the overall development of the regions. By drawing on the success of global airports, India seeks to transform its real estate sector and ensure sustainable growth in the coming years.
Frequently Asked Questions
What is the government's plan to boost real estate near new airports?
The government plans to develop real estate activities near new and upcoming airports to ensure a 15% growth in the sector. This includes creating convention centers, hotels, and other economic activities.
Which global airports are being studied for development cues?
The government is studying leading airports in New York, London, and Hong Kong to draw development cues and ensure multiple large-scale economic activities around new airports in India.
How many airports are currently operational in India?
Currently, 88 airports are operational in India, with many more planned for the future.
What is the role of NAREDCO in this initiative?
NAREDCO (National Real Estate Development Council) is involved in aligning the growth of the real estate sector with national requirements and ensuring the industry meets these expectations.
What are the expected economic gains from this initiative?
The expected economic gains include increased footfalls, development of convention centers and hotels, and the creation of multiple economic activities around new airports, contributing to overall sectoral growth.
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