What Could be The Impact of New International Airport on Hosur's Real Estate and Economic Growth?

Hosur Set to Get an International Airport?

 The Tamil Nadu government has unveiled ambitious plans to construct a greenfield international airport in Hosur, aiming to transform this border town of Bengaluru into a significant economic growth hub. The proposed airport, covering around 2,000 acres, will handle approximately three crore passengers annually. This strategic move, announced by Chief Minister MK Stalin during an Assembly session on June 27, 2024, is expected to meet rising travel demands and stimulate regional economic growth.

Strategic Development and Economic Growth - Transforming Hosur with a New Master Plan

 The state government is finalizing a new master plan to transform Hosur into a key economic growth hub. This plan includes building the international airport to enhance connectivity and drive socioeconomic development not only in Hosur but also in the nearby districts of Krishnagiri and Dharmapuri, as well as several parts of Bengaluru. The modern infrastructure envisioned in the blueprint will establish Hosur as a central node for economic expansion.

Investment Hotspot: Electronics and Electric Vehicles (EVs)

Hosur's Emerging Status in High-Tech Industries:

 Over the past few years, Hosur has emerged as a hotspot for investments in the electronics and electric vehicle (EV) sectors. The upcoming Parandur airport, with an expected capacity to handle 10 crore passengers annually, has significantly contributed to this investment surge. Improved connectivity and business opportunities are further boosting Hosur’s status as a hub for high-tech industries.

Major Manufacturing and Investments - Key Players and Major Investments in Hosur

 The current Hosur airport, owned by Taneja Aerospace and Aviation, is situated in an area known for its major manufacturing industries, including Ashok Leyland, Caterpillar, Sundaram Fasteners, and Schaeffler.

Recent significant investments have bolstered the region's industrial landscape.

Ola has established a large electric vehicle factory in the Krishnagiri district, and Tata Electronics is investing INR 7,763 crore in mobile phone component production in the same district.

Highlights and Key Facts

• New International Airport: Proposed in Hosur, covering 2,000 acres, to handle 3 crore passengers annually.
• Economic Hub: Transformation plan for Hosur to become a significant economic growth center.
• Connectivity and Infrastructure: Enhancing connectivity to nearby districts and parts of Bengaluru.
• Investment Hotspot: Growth in electronics and EV sectors, driven by new airport developments.
• Major Industries: Key manufacturing players include Ashok Leyland, Caterpillar, Sundaram Fasteners, and Schaeffler.
• Significant Investments: Ola's EV factory and Tata Electronics’ INR 7,763 crore investment in mobile components.