Bengaluru property prices in the northern regions leading up to Kempegowda International Airport have witnessed a sharp rise since the outbreak of the Covid-19 pandemic. This significant appreciation, ranging between 69% and 118%, is primarily attributed to increased economic activity and enhanced connectivity in the area. A recent research study indicates that average apartment prices have climbed by 69% to between Rs 11,000 and Rs 13,000 per square feet, while residential plot prices have seen an even more substantial surge of 118%, reaching Rs 7,500 to Rs 8,000 per square feet across key areas like Thanisandra, Yelahanka, Devanahalli, and Bagalur.
This growth in North Bengaluru considerably outpaces the rest of the city, where apartment prices grew by 48% and residential plot prices by an average of 93% over the same four-year period from FY21. Real estate experts affirm that major airports are crucial enablers of economic growth, urban transformation, and real estate development. Cities anchored by significant airports in India, including Bengaluru, have consistently demonstrated sustained residential growth, driven by improved connectivity, expanding employment hubs, and large-scale infrastructure investments.
Kempegowda International Airport, the country’s third-busiest, plays a pivotal role in this surge by attracting international companies and fostering property development, as people seek residences closer to their workplaces. Annual passenger traffic reached 41.55 million by FY25, with the upcoming Terminal 3 expected to boost total capacity to over 100 million annually. North Bengaluru has consistently accounted for 25-27% of overall residential transactions since FY21. Micro-markets such as Devanahalli saw a 133% rise in plot prices, Bagalur 127%, Thanisandra 113%, and Yelahanka 116%.
Strategic infrastructure development, particularly around major transport hubs, drives significant economic and urban transformation. This trend in North Bengaluru exemplifies the robust growth potential and evolving landscape of modern Indian cities.
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Bengaluru North Property Prices Soar Up To 118 Percent Since Covid Airport A Key Driver
