New airports across the country are slated to emerge as key business hubs with world class office, hospitality and retail spaces. The modernization and development of airports will not only provide the facelift to respective cities but also boost the real estate sector. To exploit the trend of developing city centres around airports, the Airport Authority of India ( AAI ) has provided huge land for development of commercial realty and retail space. For airports in Mumbai and Delhi, the report said, 50 percent of the total real estate space has been allocated for commercial development. The high economic growth across the country also made the smaller cities like Lucknow, Kochi, Coimbatore, Mysore, Jaipur and Indore among others attractive destinations to do businesses. India has emerged as one of the most favoured destination in Asia-Pacific region for strong performance of businesses, which led to an influx of MNCs. This has sustained the demand for commercial office space in large cities. The report said apart from commercial office space supply, these airport projects will also allow time saving between business meetings during the transit/ waiting period with the proposed convention and business centers that form part of the overall development plan. In the retail sector also, huge opportunities are awaited. It is estimated that rent from retail, office and hospitality space will constitute around 45 percent of the total non aeronautical revenue by 2015. Globally too, in most large airports the world over, this is the trend where non-aeronautical revenues are almost to the tune of 50 percent