Approved & Accelerating: Chennai’s Second Airport at Parandur
The Central Government has greenlit the development of Chennai’s second international airport at Parandur, a significant infrastructure initiative aimed at meeting the city’s growing aviation demand. Designed under the Public-Private Partnership model, this mega project is already reshaping perceptions around land investment in Kanchipuram and its nearby zones.
Four-Phase Vision for a Global Gateway
The Parandur Greenfield Airport will be constructed in four stages, with Phase 1 scheduled for completion by 2028. It’s projected to handle 20 million passengers annually initially and scale up to a capacity of 100 million by 2046. These projections are accelerating buyer interest in plots for sale near Parandur Airport, especially from forward-thinking investors looking for long-term appreciation.
Location Advantage: Kanchipuram’s Strategic Rise
Parandur is located 60 km from Chennai, nestled in the high-potential Kanchipuram district. With over 5,000 acres allocated for the project and close access to the Chennai–Bengaluru Highway, the site offers strong connectivity. Surrounding areas like Sriperumbudur and Sunguvarchatram are already seeing traction in Parandur real estate growth 2025 and increased interest in DTCP approved plots near Parandur.
Enhanced Metro & Road Connectivity
The Tamil Nadu government plans a metro rail extension from Poonamallee to Parandur, reducing travel time to under an hour from central Chennai. This infrastructure will boost development across Chennai’s outskirts, strengthening the appeal of upcoming real estate projects in Chennai suburbs. Investors aiming for stable, long-term returns are looking closely at high return land investments in Tamil Nadu that align with such large-scale infrastructure rollouts.
Ethical Development & Compensation Model
The land acquisition process is progressing with structured compensation between ₹35 and ₹60 lakhs per acre. With additional incentives like developed housing sites for affected residents, this model reflects a balanced and responsible development strategy. This transparency is further increasing buyer confidence in Chennai second airport impact on real estate across surrounding villages and development corridors.
Investment Outlook: A Once-in-a-Decade Opportunity
With land prices already showing movement, Parandur is emerging as the best place to buy land near Chennai airport for both residential and commercial plots. The region’s growth trajectory, government support, and future connectivity infrastructure make it a compelling case for immediate and mid-term real estate investment.
Looking to invest near Parandur before demand peaks?
Vision Properties offers curated, DTCP-approved plots in strategic locations to benefit from Chennai’s next major infrastructure leap.
