Real Estate Maharashtra

Shirdi Airport Leases 254 sq ft for Lounge at ₹2.28 Lakh Monthly

By GeoSquare News Desk · Published 2026-11-06

Maharashtra Airport Development Company (MADC) is set to lease a 254 sq ft space at Shirdi Airport for a paid lounge, with a minimum monthly rent of ₹2.28 lakh. The move aims to enhance passenger amenities and generate non-aeronautical revenue for the airport.

Lease Details

The paid lounge will be operated by a private entity, offering premium services to travellers. The lease agreement specifies a minimum monthly rent, indicating strong commercial interest in airport spaces. This is part of MADC's broader strategy to monetise underutilised areas within the airport premises.

Impact on Real Estate

Airport infrastructure improvements often trigger a ripple effect on surrounding property markets. Shirdi, already a prominent pilgrimage hub, is witnessing increased commercial activity. The addition of a paid lounge could attract more passengers, boosting demand for hotels, retail spaces, and residential projects near the airport.

Investors and homebuyers are likely to benefit from the ongoing infrastructure upgrades. As connectivity and amenities improve, property values in the vicinity are expected to appreciate, making Shirdi an attractive destination for real estate investment.