Buying Near Parandur Airport:
A Smart & Prudent Investment

Picture this: a few years ago, when the Chennai Metro was just a blueprint, early buyers who picked homes near the first phase corridors saw property prices shoot up by 30–40% once trains actually started running. Infrastructure has a way of rewriting real estate maps.

Today, a similar conversation is unfolding around Parandur, where the new Greenfield Airport is set to rise. The buzz is real, investors, end-users, and developers are eyeing the region. But here’s the big question: Is buying near an airport a smart, long-term investment that pays off?

Why Airports Spark Real Estate Demand

Airports aren’t just travel hubs. They create economic zones around them. In India, land near new airports has often seen prices go up by 20–30%, with surrounding areas growing faster than the rest of the city.

India has already seen this play out in places like Delhi and Bengaluru.

•  Delhi’s Aerocity: Once the IGI Airport Terminal 3 was operational, land rates in adjoining zones grew multifold within a decade.
•  Bengaluru’s Devanahalli: After Kempegowda International Airport opened in 2008, residential land prices in surrounding areas rose by 300% between 2008 and 2020.

For Chennai, Parandur is poised to follow a similar trajectory.

What Parandur Airport Means for Chennai Buyers

The proposed airport is expected to handle 100 million passengers annually by 2035, according to official estimates. That’s not just about flights, it’s about jobs, business hubs, and lifestyle upgrades.

•   Employment Magnet: Airports create 1.5–2 lakh jobs in the first decade, directly and indirectly. With jobs comes demand for housing.
•  Infrastructure Push: Along with the airport, expect better roads, utilities, and with the metro extension already planned for Parandur, the region is set to become even more accessible.
•  Appreciation Potential: With the airport project taking shape, demand for properties in Parandur is expected to grow steadily over the next decade. Industry reports suggest that land near major infrastructure corridors often sees strong appreciation within just a few years of announcement.
•  Update on connectivity (September 2025): ₹2,126 crore has been approved by the Tamilnadu state for the CMRL corridor's preparatory work, which will eventually link Poonamallee to the future Parandur airport. According to the DPR, a 53-kilometer, 20-station elevated line will be constructed in stages, with Phase I running from Poonamallee to Sunguvarchatram (27.9 km, 14 stations).

Stronger resale liquidity for plots within a short drive of planned stations, quicker city access without relying solely on highways, and early appreciation as daily conveniences and social infrastructure gather around these metro nodes are all benefits for those wishing to buy plots close to Parandur Airport.

For buyers, this isn’t just about purchasing a property in Parandur. It’s about owning a slice of a growth corridor.

Impact of Chennai’s Parandur Airport Project on Real Estate Markets

So, what happens to property markets near airports?

•  Land Prices Rise First: Investors often rush to purchase plots early, driving initial demand.
•  Residential Projects Follow: Developers launch gated communities and plotted developments to meet end-user demand.
•  Rental Demand Grows: Proximity to jobs and connectivity makes these locations attractive for professionals.
•  Mixed-Use Spaces Emerge: With time, airport zones attract malls, hotels, and office spaces, boosting both residential and commercial value.

In short, an airport can turn a “quiet suburb” into a thriving real estate micro-market.

For Chennai, Parandur and Thirumazhisai are already emerging as new powerhouses in the city’s real estate story.

What Buying Near Parandur Airport Means for Homebuyers

If you’re planning to buy near Plots in Parandur, here’s how the airport boom could shape your decision:

•   For Investors: Early movers usually gain the most, as land and plot prices rise sharply once construction milestones are crossed. Just as in Devanahalli, those who entered before completion saw the strongest returns. With India’s land buying boom gaining momentum, Parandur fits right into this broader investment trend.
•  For End-Users: It’s not only about appreciation. Living near a global airport means better connectivity for business travelers, NRIs, and families with frequent flyers. It also signals faster infrastructure growth, schools, hospitals, and retail usually follow.
•  For NRIs & Frequent Flyers: Homes near airports often enjoy stronger rental demand, especially from professionals working in aviation, logistics, and multinational businesses.

Steps to Take Before Buying Property Near Airports

Big projects can create big opportunities, but also noise in the market. Here’s a practical checklist:

•   Pick the Right Builder – With land speculation rampant, go with reputed developers who offer clear titles and planned communities.
•  Think Long-Term – The airport is slated for completion by 2030. Expect the real returns in a 7–10 year horizon.
•  Look Beyond the Airport – Check for parallel infrastructure (metro extensions, highways, SEZs) that will add to long-term liveability.
•  Prioritize Planned Plots or Gated Communities – These not only ensure amenities but also offer better resale value compared to scattered parcels.
•  Balance Lifestyle Needs – If buying to live, evaluate proximity to schools, hospitals, and markets alongside the investment story.

A visual guide highlighting five smart tips for buyers considering property near Parandur Airport.

Is Parandur the Next Big Growth Hub?

History is clear. Major airport projects have repeatedly turned surrounding areas into high-growth real estate zones. Yes, there may be speculation in the early phase, but for serious buyers, the opportunity lies in patience and choosing the right property.

For Chennai, Parandur’s story is still unfolding. But if you’re willing to take a long-term view, buying near the airport is more than just a trend, it’s a calculated step toward future growth.

The Bottom Line: Investing Near Parandur Airport

Buying near airports has always sparked debate, some call it hype, others call it foresight. But history shows a clear pattern: major infrastructure projects rarely leave surrounding real estate untouched. Parandur Airport is not just an aviation project, it’s an economic catalyst that can reshape how and where Chennai grows.

For investors, it means entering before the wave peaks. For end-users, it means living in a location that will only get better connected and more self-sustained over time. And as history reminds us, real estate rewards those who act early and choose wisely.

So, is it a smart investment or just a trend? With Parandur, the signs point to a long-term opportunity, provided you take a patient view and partner with the right developer.

Q1: Is buying property near Parandur Airport a good investment?

Yes, purchasing property around Parandur Airport is a good investment since the region is developing rapidly and will gain advantage from improved infrastructure and connectivity.

Q2: How much can land prices near Parandur Airport increase?

Land costs around Parandur Airport may witness a large appreciation, frequently 20–30% or even higher, as the airport and surrounding developments develop.

Q3: When will Chennai’s Parandur Airport be completed?

Chennai’s Parandur Airport is expected to be finished by December 2028.

Q4: What are the benefits of living near an airport like Parandur?

Living near Parandur Airport means easy travel, more jobs, better roads, and rising property values.

Q5: Is Parandur becoming Chennai’s next real estate hotspot?

Yes, Parandur is emerging as Chennai’s next real estate hotspot because of high investor interest and many upcoming projects.