Airport corridors driving real estate growth: Bengaluru leads the way

Airport corridors fuel real estate growth; North Bengaluru near Kempegowda Airport leads with sharp rises in apartment and plot prices

India’s real estate map is being redrawn around airports. Once considered distant outskirts, areas near aviation hubs are now transforming into thriving residential and commercial centres. The combination of highways, metro lines, business parks, and job creation has made airport corridors the new magnets for property investment, delivering returns of 70–120% in recent years.

Why Airports Fuel Property Value

Airport-linked regions are not just attracting residents—they are witnessing sharp appreciation in property values. Between FY2021 and FY2025, several corridors across India recorded unprecedented growth. Panvel, near Navi Mumbai International Airport, saw apartment prices rise 74% and plot values jump 93%, far outpacing the rest of Navi Mumbai. But the standout story is Bengaluru.

North Bengaluru, anchored by Kempegowda International Airport, has emerged as one of the country’s hottest real estate corridors. Apartment prices here surged by nearly 69%, reaching ₹11,000–13,000 per sq. ft, while plots skyrocketed 118% to ₹68,000–72,000 per sq. yd. In Devanahalli, apartments are priced between ₹7,800 and ₹9,300 per sq. ft, with plots ranging from ₹5,400 to ₹6,900 per sq. ft—figures that reflect sustained demand. This growth is driven not only by proximity to the airport but also by the rapid development of IT parks, logistics hubs, schools, hospitals, and retail centres. The area is evolving into a full-fledged urban ecosystem, attracting both investors and long-term residents.

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Infrastructure Catalysts

The surge in property values is underpinned by:

• Expressways and highways linking airports to city centres

• Expanding metro and rail networks

• Job creation through IT and business parks

• Social infrastructure such as schools, malls, and hospitals

• Government-backed investment in planned urban development

These factors make airport corridors more than speculative hotspots—they are becoming sustainable growth centres.

The Road Ahead

With India commissioning a new airport roughly every 50 days, fresh corridors will continue to emerge. Rising air travel demand, integrated infrastructure, and corporate preference for airport-linked locations ensure that these regions will remain attractive. While risks such as project delays or policy shifts exist, the trajectory is clear: airports are redefining urban expansion. And among them, Bengaluru’s Kempegowda corridor stands out as a model of how aviation-driven development can reshape a city’s future.

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