Analyzing historical property appreciation near airports in India can provide valuable insights into the potential impact of new airport developments, such as the upcoming Jevar Airport (Noida International Airport, Jevar), on the surrounding real estate market. Here, we’ll look at two of India’s major airports – Indira Gandhi International Airport (Delhi) and Kempegowda International Airport (Bengaluru) – and their effects on the property market in their respective regions.
Indira Gandhi International Airport, Delhi:
The development and expansion of Indira Gandhi International Airport in Delhi have had a significant impact on the surrounding real estate market. Areas like Dwarka, Aerocity, and sectors along the Dwarka Expressway have experienced considerable appreciation in property prices over the years.
Several factors have contributed to this growth, including improved connectivity, infrastructural development, the establishment of commercial hubs, and the overall economic growth in the region. As a result, property prices in these areas have appreciated considerably, offering high returns for investors and homeowners.
Kempegowda International Airport, Bengaluru:
Since the inception of Kempegowda International Airport in 2008, the northern region of Bengaluru has witnessed a surge in real estate demand and property appreciation. Areas such as Hebbal, Yelahanka, Devanahalli, and Thanisandra have seen substantial growth in both residential and commercial real estate sectors.
The development of the airport has led to improved connectivity and infrastructure, making these areas more attractive for homebuyers and investors. The establishment of IT parks, SEZs, and commercial hubs has also contributed to the real estate boom in these areas. Over the years, property prices in the vicinity of Kempegowda International Airport have appreciated significantly, reflecting the potential for strong returns on investment.
What to expect from Jewar Airport:
The historical property appreciation near major airports in India, such as Indira Gandhi International Airport and Kempegowda International Airport, demonstrates the potential for significant growth in the real estate market surrounding new airport developments like Jewar Airport (Noida International Airport). Improved connectivity, infrastructure development, and economic growth are key factors driving property appreciation in these areas, offering lucrative investment opportunities for homebuyers and investors alike.
