Pros and Cons: Investing Near Airports - Smart Property Purchase?

Place is one of the crucial factors that most home seekers consider when finalising a house. Most people choose a home in a prime location with access to proper infrastructure. The occurrence of an international airport in a developing region is a key driver for real estate growth in and around the area. The upcoming Noida International Airport in Jewar is probable to boost the property market and produce demand for residential and commercial properties.

Proximity to an airport can be beneficial for many buyers, especially working professionals who travel a lot. Additionally, the localities near an airport can turn into a hotspot for real estate savings with sound returns. Such areas are likely to see an important rise in property values owing to the location uses. However, before investing in a property near an airport, one should be conscious that it may have both pros and cons, as deliberated in this article.

Typically, living in areas around an airport can expose one to a lot of noise and traffic. Though, there are also many assistances of having a house near an airport.

If a property buyer is a recurrent flyer, buying a house near an airport makes sense as it delivers them to many locations. It saves commuting time to reach the airport and assists them in catching flights with ease. Typically, the airport region has good connectivity with the city centre via arterial roads, counting flyovers, expressways and highways. Public transport amenities are easily obtainable.

Investment in properties near the airport provides long-term gains owing to the rise in property values over time. Due to the presence of an airport, the surrounding areas witness important infrastructure growth and social infrastructural facilities. Due to these factors, such vicinities have a better liveability quotient life, ensuing in a rise in property price appreciation in future.

If one is seeing buying a house near an airport, one can expect access to quality facilities such as shopping hubs, restaurants, recreational amenities, etc. These amenities cater to the needs of the recurrent travellers and residents in the area. Thus, such areas are favoured by home buyers and potential tenants.

The localities near an airport witness demand for rental possessions from frequent business travellers, airline staff and even travellers. Thus, buying a property near the airport can confirm good rental income for the staff owners.

The occurrence of an airport or an upcoming airport project appeals new infrastructure developments, such as new information technology hubs or Special Economic Zones (SEZs). This also potentials better capital appreciation. In specific, this may have a direct impact on the region’s profitable real estate, foremost to the growth of new hotels, restaurants, malls and offices. Meanwhile, the area shows growth potential, investing in a property can guarantee sound returns in future.

Residing near an airport can interpret the area’s residents to excess noise from the aircraft flying overhead. This can disturb the health of the residents. Noise pollution can pose major well-being risks, impacting the excellence of life and sleep and triggering heart disease.

A vital aspect of investing in a property near an airport is the high property values in the area. Characteristically, such properties come with a premium price tag and are mostly favoured by NRIs and HNIs. Additional, developers may demand high maintenance charges associated with the properties in prime locations in the city.

If the property is situated near an airport but not under the flight path, the location can be favourable for possible home seekers. However, if the property is under a flight path, one can design the house with quality heat-proofing.

Before investing in a property near an airport, homebuyers must deliberate these factors and make an learnt decision based on their favourite, lifestyle, and long-term investment goals.