Airport vicinities in India could potentially witness the construction of skyscrapers, with the Government planning to examine overseas architecture blueprints according to the Minister of Civil Aviation.
Published on August 30, 2025
The 17th NAREDCO National Convention, themed "India Builds: Reimagining Growth through Real Estate and Infrastructure," took place recently, bringing together policymakers, industry leaders, economists, and stakeholders from across the country.
Union Minister for Civil Aviation, K. Rammohan Naidu, announced the government's intentions to amplify real estate activities near upcoming and new airports. This move is expected to encourage the creation of convention centres and hotels, aiming to leverage the economic benefits from the high footfalls at airports for recreation and economic activities.
The government is also undertaking a study to draw development cues from leading airports such as those in New York, London, and Hong Kong. These airports operate at very high economies of scale with multiple associated activities, including real estate development.
In the realm of affordable housing, the future challenge for the builder community is to manage housing through innovative housing management techniques. Niranjan Hiranandani, Chairman of NAREDCO, emphasized that the growth of the real estate sector should align with national requirements.
G Hari Babu, President of NAREDCO, assured the Minister that NAREDCO would participate in building the proposed Amravati capital city, intended to be a huge smart city with world-class facilities and infrastructure of the highest standards.
The government plans to add hundreds of airports to its civil aviation trajectory due to the sector's potential for growth. In the recent past, the government has operationalised 88 airports, with many more in the pipeline.
Kuldip Narayan, Joint Secretary of the Ministry of Housing and Urban Affairs, urged real estate developers to aim for building 40-50 lakh houses annually. Funding for such activities is suggested to come through Real Estate Investment Trusts (REITs) and HUDCO.
Another significant announcement was made by Andhra Pradesh Chief Minister Naidu, who revealed that a bullet train connecting Hyderabad, Chennai, Amravati, and Bengaluru is set to be launched soon.
The DGFT has extended the EO period and waived cotton duty till December 2025 for textile exporters, providing a boost to the industry. However, the minister who announced the promotion of construction of convention centers and hotels near airports to achieve various economic benefits has not been identified in the provided search results.
In conclusion, the 17th NAREDCO National Convention marked a significant step towards reimagining India's growth through real estate and infrastructure, with a focus on affordable housing, smart city development, and leveraging airports for economic growth.
