The Future of Real Estate in Parandur: What Investors Need to Know About Chennai’s 2nd Airport

If you’re tracking emerging real estate hotspots around Chennai, Parandur should be high on your list. The Tamil Nadu government has chosen Parandur in Kanchipuram district for Chennai’s second international airport—a greenfield project designed to decongest the existing airport and future-proof the region’s aviation capacity. In April 2025, India’s Ministry of Civil Aviation granted in principle approval for the Parandur airport, moving the project from concept to formal planning.

Below is a practical, no-nonsense guide to what this means for investors, where the opportunities lie, and how to evaluate land and property deals in and around Parandur.

Where exactly is Parandur, and why here?

Parandur lies to the west of Chennai city, within Kanchipuram district. Multiple credible updates place the site roughly 40 km from the city centre, 60–70 km from the current Chennai International Airport, and close to Thirumalpur/Tirumalpur railway station—making it strategically placed between Chennai’s growth corridors and established industrial belts like Sriperumbudur.

The site selection balances three needs: (1) large, contiguous land availability; (2) proximity to major highways and rail; and (3) room for long-term expansion without urban constraints. For real estate, this combination typically translates into a multi-year development cycle with steadily improving social and physical infrastructure.

What's the latest status?

• Central approval: The Union Ministry of Civil Aviation issued in-principle clearance in April 2025, which allows the project to progress on detailed planning, financing, and land acquisition.
• Land acquisition & rehabilitation: The state has been issuing rehabilitation and resettlement packages for affected villages, with compensation bands and additional support (jobs/housing/cash). Recent updates mention ₹35–60 lakh per acre in many cases, with higher negotiated rates in specific villages.
• Acquisition progress: Media trackers indicate a few hundred acres already secured with momentum building, though acquisition is still a work-in-progress and timelines are evolving.

Connectivity: the big value driver

1. Metro to Parandur (proposed, funding sanctioned)

The state has sanctioned ₹2,126 crore for preparatory works to connect Parandur to Chennai via a ~53 km elevated metro corridor (an extension of Corridor 4). The line is planned in two phases: Poonamallee → Sunguvarchatram (Phase I) and Sunguvarchatram → Parandur (Phase II). This is a major signal for long-term connectivity and real estate confidence.

2. Road network: Chennai–Bangalore Expressway and ring roads

Parandur sits near growth spines that are getting upgraded:

• Bangalore–Chennai Expressway (NE-7): A new access-controlled corridor ending at Sriperumbudur, improving regional logistics and commuter times once complete (current government guidance places completion in July 2026 after delays).
• Chennai Peripheral Ring Road (CPRR): A 130+ km ring that will eventually knit together the metro area and divert heavy traffic, with segments underway and staged timelines toward mid-decade completion.

Why it matters: Airports catalyze development only when backed by mass transit and highways. The committed metro funding and expressway progress together create a strong long-term case for Parandur and surrounding nodes like Sunguvarchatram, Sriperumbudur, and Tirumalpur.

What kinds of real estate opportunities could emerge?

• Residential plots and gated communities: Early movers often target plotted developments near future stations and highway junctions. Expect initial demand from employees of industrial clusters (Sriperumbudur–Oragadam belt), followed by airline/airport ecosystem staff and service businesses. As metro stations are finalized and work advances, plot absorption generally improves—provided titles are clean and access roads are usable year-round.
• Budget to mid-segment housing: With an airport workforce and support services, the market usually sees mid-income apartments and rental homes around key junctions (e.g., near Sunguvarchatram or Poonamallee in Phase I of the metro). Rental yield often strengthens once commuting times drop.
• Warehousing and logistics: Air cargo and just-in-time supply chains benefit from proximity to runways and expressways. Sriperumbudur and the broader NH-48 corridor are already logistics magnets. The second airport can push demand for Grade-A warehousing, cold chain, and time-sensitive distribution hubs.
• Hotels and commercial strips: Business hotels, coworking, and service apartments near arterial nodes will gain traction as construction scales up and the airport nears operations. Early investment in small-format retail (F&B, convenience) along planned approach roads can do well if footfall projections hold.

Risks and realities to keep in mind

• Timeline risk: Greenfield airports are complex. Even with approvals, land acquisition, environment, utility shifting, and EPC sequencing can stretch timelines. Investors should prepare for a multi-year holding period and avoid over-leveraging on "imminent" opening dates.
• Alignment and station uncertainty (metro): Phase I metro progress benefits the corridor sooner, but Phase II to Parandur will likely trail the airport's early construction years. Buy with a margin of safety rather than assuming a station at your doorstep on day one.
• Policy and local factors: Resettlement packages are being rolled out and protests have been reported previously. Policies can evolve, and micro-locations can change as the final master plan is refined. Track official notifications and district-level updates.

How to evaluate a plot or project near Parandur

• Check land use & titles: Verify patta/chitta, encumbrance, and conversion status. Ensure the land isn't inside notified acquisition blocks, waterbodies, or sensitive buffers.
• Follow official corridors: Prioritize land along Phase I metro influence areas (Poonamallee → Sunguvarchatram) first, then look toward Sunguvarchatram → Parandur as execution clarity improves.
• Proximity to junctions: Edges near NH-48, the Peripheral Ring Road alignments, and expressway interchanges typically get earlier infrastructure.
• Developer track record: For plotted layouts and group housing, focus on approvals, on-ground development (roads, EB, water), and past handover performance.
• Plan for utilities: Borewells, STPs, rainwater harvesting, and power backup matter in the early years. Look for layouts that provide these from day one.
• Think rental demand: If you plan to rent, choose micro-markets with existing employment drivers—Sriperumbudur/Oragadam—and good bus connectivity while the metro builds out.
• Budget for time: Assume 3–7 years for the full demand story to mature. Flip only if a clear capital gain materializes; otherwise, hold for end-use or rental yield.

Investment thesis in one line

Parandur is a long-cycle, infrastructure-led bet. Central approval is in place, state-level metro funding has begun, and big-ticket roads are progressing. For investors who can verify titles, pick the right micro-markets, and hold with patience, the risk-adjusted upside looks compelling.

From Expertise to Long-Term Value – Why Wisdom Properties Stands Out in Parandur Real Estate

1. Local Expertise & Trustworthy Documentation

Wisdom Properties has built a reputation for deep local knowledge of Kanchipuram and the emerging Parandur-airport region. We understand the complexities of land titles, approvals, government notifications, and zoning laws around airport-expansion areas. That means when you buy a plot through them, you are more likely to get a property with clear title deeds, valid patta/chitta documents, and a smooth transfer process. For buyers in a developmental and regulatory complex zone like Parandur, this can reduce risk substantially and protect your investment.

2. Strategic Land Parcels & Infrastructure-Forward Sites

Good real estate timing in Parandur depends heavily on choosing parcels that are aligned with upcoming infrastructure: metro corridors, expressway access, ring roads, drainage, utilities. Wisdom Properties tends to source plots in micro-markets that are already identified in planning documents or are close to major connective infrastructure. This means that even before all amenities are fully in place, your plot has a head-start in terms of land appreciation, and you're more likely to benefit from future infrastructure spillovers (roads, public transport, power, water) sooner rather than later.

3. Post-Sale Support & Long-Term Value Focus

Buying a plot is only the beginning; the value you get depends on what happens over the next several years—road access, water, drainage, resale or rental demand, and so on. Wisdom Properties offers strong post-purchase guidance: we can help monitor infrastructure progress, advise on permissions (conversion, building), and connect clients to services (builders, plot maintenance, utility setup). Their focus isn't just on selling plots, but ensuring buyers get long-term value from their plots near Parandur—making them a more trustworthy partner for a long‐horizon investment in the Chennai second airport region.

Frequently Asked Questions About Buying Plots Near Parandur with Wisdom Properties

1. Why should I consider buying a plot near Parandur?

Parandur has been chosen as the site for Chennai's upcoming second international airport, making it a high-potential investment hub. With planned metro connectivity, the Bangalore–Chennai expressway, and the Chennai Peripheral Ring Road, property values in this region are expected to rise steadily in the coming years.

2. What makes Wisdom Properties a reliable choice for buying land?

Wisdom Properties is known for transparent transactions, clear title deeds, and DTCP/CMDA-approved plots. Their expertise in identifying the right micro-locations near Parandur ensures buyers get legally safe plots with strong long-term appreciation potential.

3. Are the plots near Parandur legally approved?

Yes, Wisdom Properties deals only with approved layouts (DTCP/CMDA), ensuring all necessary documentation like patta, chitta, and encumbrance certificates are in place. Buyers can be assured of a hassle-free registration and secure ownership.

4. How soon can I expect infrastructure development in Parandur?

The airport project has already received central approval, and metro extension, expressway, and ring road projects are in progress. While full-scale development will take a few years, early investors benefit from lower entry costs and higher appreciation as infrastructure expands.

Yes, Wisdom Properties supports buyers even after the purchase by offering guidance on building approvals, resale opportunities, and long-term property management. We ensure customers get maximum value from their investment.