Real Estate Fears: 10 KM Ban Near New Airports?

There is news that construction has been banned within a 10 km radius of the Noida International Airport.

If this is the case, what about the upcoming airports at Bhogapuram and Amaravati, which are proposed to be under construction?

If this 10 km rule is applied to all international airports, what will happen to the real estate ventures within that radius around Bhogapuram and Amaravati? Will all those buyers end up facing huge losses?

While it’s true that many residential and commercial buildings exist within 10 km of the Shamshabad Airport in Hyderabad or any other airport in Mumbai, Chennai, Bengaluru and other cities, some argue that the same rule shouldn’t be applied to every airport. Readmore!

However, an insider has reportedly said that this restriction won’t apply to already operational airports, but for all newly built airports, the 10 km construction ban will likely be enforced — meaning Bhogapuram and Amaravati projects could be seriously affected.

An official announcement on this matter — similar to that made for Noida — is still awaited for Bhogapuram and Amaravati. Until then, uncertainty looms, and the real estate sector may face significant setbacks if the restriction is confirmed.