Real Estate Near Airports Soars by 84-118% in Four Years, Outpacing Apartments
A recent report by Square Yards reveals that property values in areas near major airports in cities like Delhi, Mumbai, Bengaluru, and Hyderabad have surged by 84-118% over the last four years, significantly outpacing apartment price growth.
Real EstateProperty PricesAirportsUrban DevelopmentInfrastructureReal Estate MumbaiJul 14, 2025
The report highlights that housing micro-markets near both existing and upcoming airports, particularly in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida, have seen a sharp rise in property values, driven by improved connectivity, expanding employment hubs, and major infrastructure developments. The growth is especially pronounced in airport-linked corridors, where demand for plots has surged ahead of apartment demand.
Overall, housing micro-markets near existing and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida have seen sharp appreciation in prices by 70-120% in the last four years. The report, titled 'Jet Set Growth - Airports Fuelling Property Market Expansion in India', studied the airport-driven impact on property price trends in select key major cities and regions, such as Bengaluru, Hyderabad, Navi Mumbai, and Noida and Greater Noida (including Yamuna Expressway).
In Noida and Greater Noida, apartments along the Yamuna Expressway connecting the twin cities to the upcoming Noida International Airport saw apartment rates range between Rs. 7,000–9,000 per sq ft, witnessing growth at 90% between FY21 and FY25. The rest of Noida recorded Rs. 9,000–11,000 per sq ft with a strong but comparatively lower 79% growth.
Residential plot values along the Yamuna Expressway stood at Rs. 65,000–70,000 per sq yd, registering 94% growth over FY21–FY25. The rest of Noida saw prices between Rs. 90,000–1,10,000 per sq yd, growing at a slower pace of 45% during the same period.
In Bengaluru’s North Bengaluru areas located close to the Kempegowda International Airport, apartment prices range between Rs. 11,000–13,000 per sq ft, recording a 69% growth between FY21 and FY25. In contrast, the rest of the city saw prices between Rs. 13,000–15,000 per sq ft, with a lower growth of 48%.
Plot prices in North Bengaluru were in the range of Rs. 68,000–72,000 per sq yd, registering a remarkable 118% growth over FY21–FY25. The rest of Bengaluru witnessed prices between Rs. 80,000–85,000 per sq yd, growing at 93%.
In areas close to the upcoming Navi Mumbai International Airport, apartment prices in the Panvel region stood at Rs. 10,000–12,000 per sq ft, growing by 74% from FY21 to FY25. Comparatively, the rest of Navi Mumbai commanded higher prices of Rs. 19,000–21,000 per sq ft but saw only 45% growth.
Panvel's plotted land rates on an average ranged from Rs. 80,000–85,000 per sq yd, reflecting a solid 93% increase. In other parts of the city, plot prices were higher at Rs. 1,10,000–1,30,000 per sq yd, but with a relatively slower growth of 58% over the same period.
'Micro-markets anchored by airports are witnessing significantly faster property price appreciation compared to other parts of the same city,' Square Yards said in a statement.
'Airports are among the most influential enablers of economic growth, urban transformation, and real estate development. In India, cities anchored by major airports, such as Delhi, Mumbai, Bengaluru, and Hyderabad, have demonstrated sustained residential growth, driven by improved connectivity, increase in employment hubs, and large-scale infrastructure investment. This impact is even more visible in micro-markets located near airports,' said Tanuj Shori, CEO and founder, Square Yards.
Frequently Asked Questions
Which cities have seen the highest property value appreciation near airports?
Cities like Delhi, Mumbai, Bengaluru, and Hyderabad have seen the highest property value appreciation near airports, with growth ranging from 84% to 118% over the last four years.
What factors are driving the surge in property values near airports?
The surge in property values near airports is driven by improved connectivity, expanding employment hubs, and major infrastructure developments.
How does the growth in plot values compare to apartment prices near airports?
Plot values near airports have grown significantly faster, outpacing apartment price growth. For example, in Noida and Greater Noida, plot values along the Yamuna Expressway have grown by 94%, while apartment prices have grown by 90%.
What is the impact of the Navi Mumbai International Airport on property prices?
The Navi Mumbai International Airport has led to a substantial increase in property prices in the Panvel region, with apartment prices growing by 74% and plot prices by 93% over the last four years.
What does the report 'Jet Set Growth' by Square Yards reveal about airport-driven real estate markets?
The report 'Jet Set Growth - Airports Fuelling Property Market Expansion in India' reveals that micro-markets near airports are witnessing significantly faster property price appreciation compared to other parts of the same city, driven by improved connectivity and infrastructure development.
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