Updated on: 21st January 2026
Parandur has become a real estate hotspot recently due to the upcoming Greenfield Airport in the area. The Tamil Nadu Industrial Development Corporation (TIDCO) is gradually completing the social impact audit on the villages in and around Parandur, which is a signal towards the confirmation of the construction of the Greenfield Airport in that area. How does this impact the real estate opportunities in that area? Let us discuss.
The Social Impact Audit (SIA) is being conducted for 13 villages surrounding the Parandur village for the construction of the proposed Greenfield airport. Now, only two villages are remaining in the audit, and after that, the government will proceed with finalizing the compensation for the lands to the villagers.
The proposed area required for the construction is 5000 acres, out of which 1500 acres have already been acquired by the government. An official of the TIDCO mentioned:
“So far, we announced compensation for land and an initial resettlement plan. But the assessment will cover every aspect of the impact on farmers and help ascertain the specific needs of villagers to comprehensively revise compensation”
Since the talks for compensation and the audit are progressing actively, the groundwork for the construction might start this year.
Since land acquisition is closing in for the establishment of the airport, Parandur real estate developers are certain and are confident in selling the land around the area. This has driven up the prices, and when the airport construction begins, we can see an exponential growth in land value.
At the end of the year 2025, the average price was around ₹2000 - ₹3000 per sq.ft. This year, it is expected to increase by 15% and continue with a steady rise in prices as demands increase over the next few months. Once the Airport is established, the prices will multiply exponentially.
Several real estate giants have started marketing plots near Parandur Airport, and it is a good opportunity now for investors seeking a profitable investment.
Parandur has now officially become a real estate hotspot due to the proposed Airport. Whenever there is a major development, like Airports, come into an area, the entire infrastructure around the area will be developed.
The Chennai Metro Rail Limited (CMRL) has already received approval of ₹2,126 Crores from the Tamil Nadu state for the preparatory work of the metro rail corridor, which will connect Poonamallee and the Greenfield Airport in the future. This is another major leap in the development of connectivity. Apart from this, we can expect gradual development in roadways and utilities that increases the land value around the proposed Airport area.
Already, Chennai hosts 54 Special Economic Zones (SEZs) and 30 SIPCOT Industrial Parks, which attracted more than 250 global capability centers of MNCs here in Tamil Nadu. Therefore, the development of Parandur airport will pave the way for industrial, commercial, and residential growth soon.
Being a real estate hotspot, Parandur already has many developers and land owners selling plots around the area. But as a buyer or investor, it is important to evaluate the following factors before buying plots in Parandur.
