3 weeks ago
Land prices surge to ₹10 crore near Bhogapuram Airport
A big new airport just opened near a place called Bhogapuram in India.
The leader of the country, Prime Minister Narendra Modi, helped launch it.
After the airport opened, the price of land nearby went way, way up.
Some land now costs as much as 10 crore rupees for one acre, which is a huge amount of money.
Before this, the government bought land from farmers for much less.
Many farmers sold their land because they could not grow many crops on it without water.
Now, buyers and companies want to build shops, offices and big buildings near the airport.
They think more people will come, so the land will become even more valuable.
At a recent auction, some small plots sold for twice what the government expected.
The people who work with land say prices might keep going up when the airport is fully open.
Land prices near the ASR (Bhogapuram) International Airport have surged to up to ₹10 crore an acre following the airport's launch by Prime Minister Narendra Modi.
Prices rose 20-30 per cent since the January 2026 validation flight, with demand strongest for plots along National Highway 16 and the airport approach road.
The government acquired 2,203.26 acres in seven villages of Bhogapuram mandal, Vizianagaram district, at Rs 35 lakh per acre during 2022-23.
Around 70 per cent of land in the area has been sold over the past decade; farmers sold because most land was rain-fed and lacked irrigation.
An auction at Raghamanda, about seven kilometres from the airport, saw the highest bid cross Rs 12,000 per square yard against an upset price of Rs 6,000.
- Who
- Prime Minister Narendra Modi launched the airport; investors, farmers, real estate sources, VMRDA chairman M.V. Pranav Gopal, district registrar K. Mohan Rao and real estate developers are involved in the price surge.
- What
- Land prices around the ASR (Bhogapuram) International Airport surged to up to ₹10 crore an acre following the airport's launch.
- Where
- Villages surrounding the airport in Bhogapuram mandal, Vizianagaram district, near Visakhapatnam.
- When
- Following the airport's launch last week; prices rose 20-30 per cent since the January 2026 validation flight.
- Why
- Investor demand driven by the airport launch and expectations of aerotropolis development, cargo facilities, MRO units, IT parks and data centres.
Key facts
- Peak price quoted
- Up to ₹10 crore per acre near National Highway 16
- Interior area price
- Around ₹5 crore per acre
- Price rise since January 2026 validation flight
- 20-30 per cent
- Government acquired land
- 2,203.26 acres in seven villages
- Government acquisition price (2022-23)
- Rs 35 lakh per acre
- Highest auction bid (Raghamanda)
- Over Rs 12,000 per square yard (upset price Rs 6,000)
- Land sold over past decade
- Around 70 per cent
Quotes
Kondapu Srinivasu Reddy
Former sarpanch of Gudepuvalasa village
“"Now the cost is around Rs 3 crore an acre in villages without proper roads and Rs 5 crore in areas with road connectivity."”
deccanchronicle.com
“"Land prices began rising after the Telugu Desam government proposed the airport project in 2015."”
deccanchronicle.com










