Airports typically act as triggers of development in any metropolis. Mumbai for example- Vile parle, Santa cruz neighbourhoods are the prime real estates. In NCR- Gurgaon and Vasant kunj are classic examples. Yes noice would be an issue but the real estate price appreciation would outweigh the minor irritants.
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The project is 20 kms from Hebbal Flyover, on NH 7 and before KIAL. I do not think you will have a problem at the day time but yeah at night there will be noise of planes taking off and landing :( :(