With three shortlisted sites for Bengaluru’s second airport—two near Kanakapura Road and one near Nelamangala—real estate prices in these areas have seen a sharp surge, albeit at varying rates.
In the last 6–8 months, landowners and residents along Kanakapura Road have noticed a spike in visits from developers and investors. Though this corridor saw significant growth post-pandemic, the potential airport has intensified interest. Land prices here have doubled—from ₹2 crore to over ₹4 crore per acre.
“I’ve been pressured to sell my land by a major builder, but I’m holding out in hopes of even higher prices if the airport gets finalised,” said a local restaurant owner.
A well-known real estate firm with projects on both Kanakapura Road and Nelamangala confirms that buyer focus has shifted southward. “Almost every client asks about the airport,” their spokesperson shared.
Luxury developments are also gaining ground. According to broker Nandish S, several premium homes priced at ₹5 crore and above are being built on Kanakapura Main Road, where some plots now cost between ₹12–18 crore per acre.
Meanwhile, Nelamangala is experiencing slower growth, limited mostly to industrial and plotted developments. Here, prices have increased 10–20%, with converted agricultural land costing around ₹4.5–5 crore per acre.
Nusrath Syed Hussain from Insight Realtors believes the airport isn’t the only driver: projects like KWIN City and Foxconn are also adding momentum. “Once the airport site is finalised, prices could jump 30% in a year and double within 3.5 years,” a senior consultant predicts.