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Govt working on framework to amplify real estate activities around upcoming airports
Millennium Post Delhi
|New Delhi 31August2025
At the 17th National Convention of the National Real Estate Development Council (NAREDCO), Civil Aviation Minister Kinjarapu Ram Mohan Naidu announced that the Centre is working on a framework to amplify real estate activities around upcoming airports, with the intention of raising sectoral growth to 15 per cent.
NEW DELHI:
"Airports generate huge footfalls not only for recreation but also for diverse economic activities in and around their vicinity," the minister said, adding that a study is underway to draw cues from models in New York, London and Hong Kong.
The govt's vision includes convention centres, hotels, and commercial hubs near new greenfield airports, replicating the economies of scale witnessed in leading global hubs. With 88 airports already operationalised and hundreds more in the pipeline.
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