India, Aug. 30 -- With air passenger traffic projected to reach 600 million by 2030, Indian airports are evolving beyond transit hubs into high-potential commercial ecosystems. aerocities around major airports are expected to generate $29.5 billion in annual non-aero revenues, a 26% jump from current levels, through retail, hospitality, and real estate leasing, while creating new business districts and boosting profitability, a report by Knight Frank India and National Real Estate Development Council (NAREDCO) titled Beyond the Runway- Scope of Non-Aero Revenue and Aerocities in India has said.

With Indian air passenger traffic projected to increase by nearly 50% from 412 million in FY 2025 to 600 million by FY 2030, non-aeronautical rev...