Micro-Markets Near Major Airports Record Steepest Property Price Surge: Square Yards

Gurugram, July 14, 2025: Micro-markets anchored by airports are witnessing significantly faster property price appreciation compared to other parts of the same city, according to the online property portal squareyards.com latest report ‘Jet Set Growth – Airports Fuelling Property Market Expansion in India’.

The report studies the airport-driven impact on property price trends from FY 2021 to FY 2025 in select key major cities and regions, such as Bengaluru, Hyderabad, Navi Mumbai, Noida and Greater Noida (including Yamuna Expressway), capturing the strong recovery as well as upcycle in residential markets in the post-pandemic years.

The report highlights that property price growth in airport-led corridors has consistently outperformed citywide averages for both apartments and residential plots.

“Airports are among the most influential enablers of economic growth, urban transformation and real estate development. Cities anchored by major airports, such as Delhi, Mumbai, Bengaluru and Hyderabad, have demonstrated sustained residential growth driven by improved connectivity, an increase in employment hubs and large-scale infrastructure investment,” said Tanuj Shori, CEO and Founder, Square Yards.

“This impact is even more visible in micro-markets located near airports. As outlined in our latest report, areas like north Bengaluru and south Hyderabad, for example, have consistently recorded stronger property price appreciation than their regional peers. Even greenfield projects like Noida International Airport and Navi Mumbai International Airport are already driving residential activity well before operations begin.”

India has 140 airports handling nearly 412 million passengers annually, per the Airports Authority of India, he added. “Notably, in alignment with the national vision of Viksit Bharat, this figure is expected to rise to 300 airports serving nearly 3 billion passengers annually by 2047.”

Average property rates are per data trends observed on squareyards.com and may differ due to location, proximity to airport and property-specific factors. FY refers to India’s financial year, April–March (e.g., FY25 = Apr 2024–Mar 2025).

Source: Square Yards

Average property rates are per data trends observed on squareyards.com and may differ due to location, proximity to airport and property-specific factors. Residential plot includes land only. FY refers to India’s financial year, April–March (e.g., FY25 = Apr 2024–Mar 2025).

Source: Square Yards

Key findings:

Bengaluru | Kempegowda International Airport-North Bengaluru

·       Apartments: In north Bengaluru, apartment prices ranged between INR 11,000–INR 13,000 per sqft, recording a 69 per cent growth between FY21 and FY25. In contrast, the rest of the city saw prices between INR 13,000 and INR 15,000 per sqft with a lower growth of 48 per cent.

·       Residential Plots: Plot prices in north Bengaluru were in the range of INR 68,000–INR 72,000 per sq yd, registering a remarkable 118 per cent growth over FY21–FY25. The rest of Bengaluru witnessed prices between INR 80,000 and INR 85,000 per sq yd, growing at 93 per cent.

Hyderabad | Rajiv Gandhi International Airport – South Hyderabad

·       Apartments: Apartment values in south Hyderabad stood at INR 6,000-INR 8,000 per sq ft, rising by 74 per cent during FY21–FY25. Meanwhile, other parts of Hyderabad saw higher prices at INR 9,000–INR 11,000 per sq ft with a lower growth of 48 per cent.

·       Residential Plots: In the airport-led south Hyderabad corridor, plotted developments were priced at an average INR 55,000–INR 60,000 per sq yd and appreciated by 84 per cent. The rest of the city recorded prices of INR 75,000–INR 80,000 per sq yd with a more modest 59 per cent growth.

Navi Mumbai | Navi Mumbai International Airport – Panvel Region

·       Apartments: Apartment prices in the Panvel region stood at INR 10,000– INR 12,000 per sq ft, growing by 74 per cent from FY21 to FY25. Comparatively, the rest of Navi Mumbai commanded higher prices of INR 19,000–INR 21,000 per sq ft but saw only 45 per cent growth.

·       Residential Plots: Panvel’s plotted land rates on average ranged from INR 80,000–INR 85,000 per sq yd, reflecting a solid 93 per cent increase. In other parts of the city, plot prices were higher at INR 1,10,000–INR 1,30,000 per sq yd but with a relatively slower growth of 58 per cent over the same period.

Noida & Greater Noida | Noida International Airport – Yamuna Expressway

·       Apartments: Apartment rates along the Yamuna Expressway corridor ranged between INR 7,000 and INR 9,000 per sq ft, witnessing the growth at 90 per cent between FY21 and FY25. The rest of Noida recorded INR 9,000–INR 11,000 per sq ft with a strong but comparatively lower 79 per cent growth.

·       Residential Plots: Plot values along the Yamuna Expressway stood at INR 65,000–INR 70,000 per sq yd, registering 94 per cent growth over FY21–FY25. The rest of Noida saw prices between INR 90,000 and INR 1,10,000 per sq yd, growing at a slower pace of 45 per cent during the same period.