CIDCO's 667-Acre Aerocity Plan Gains Momentum as Navi Mumbai International Airport Prepares for Launch
As the Navi Mumbai International Airport gears up for its operational launch in September, the City and Industrial Development Corporation (CIDCO) is fast-tracking plans for a 667-acre Aerocity. The project aims to develop around 123 acres each for residential, commercial, and retail spaces, alongside other essential facilities.
Navi MumbaiCidcoAerocityReal EstateInfrastructureReal Estate MumbaiAug 19, 2025
CIDCO officials said a techno-economic feasibility study will be undertaken for commercial, retail, residential, industrial, and mixed-use projects, each spanning over 120 acres. The Navi Mumbai Airport is expected to be a major value addition to the Mumbai Metropolitan Region (MMR) and will form an invaluable asset to the nation.
The Aerocity is being designed and developed to accommodate financial services, corporate offices, export-oriented services, aero-centric warehousing, along with hotels, hospitals, schools, residential, and entertainment facilities. A Master Plan will help assess the market's needs, its financial feasibility assessment, and infrastructure design, while keeping the domestic and global outlook.
CIDCO has floated a tender to appoint a consultant for preparing the Aerocity Master Plan. The document specifies that the plan will be drawn up keeping in mind the surrounding infrastructure development linked to the upcoming airport. The consultant will have to assess the current urban landscape and development trends, real estate scenarios in Navi Mumbai, considering Navi Mumbai International Airport which is nearing commissioning, Navi Mumbai Airport Influence Notified Area (NAINA), and other major projects such as the Mumbai Trans Harbour Link (MTHL) also known as Atal Setu, Navi Mumbai Metro Lines, suburban railway line expansions, and other projects of ports and highways.
CIDCO is the special planning authority that has played a major role in the development and planning of Navi Mumbai, conceived as a satellite city to Mumbai in the 1970s. CIDCO has developed 14 nodes of areas having mixed use of residential, commercial, retail, among several others. Land for the Navi Mumbai Aerocity was acquired alongside the airport’s construction. A consultant will now be appointed to prepare the master plan and provide transaction advisory services for the proposed development.
Developers noted that the Navi Mumbai Airport presents the government with an opportunity for truly planned development, something Mumbai lacked historically, at least at this scale. Manohar Shroff, senior vice president of CREDAI-MCHI, Navi Mumbai, a real estate apex body, said, “Today, several areas of Mumbai are flooded, and there is waterlogging. However, there is nominal waterlogging in Navi Mumbai, and movement is not impacted. This is the result of planning by CIDCO and several authorities who have made Navi Mumbai what it is today. With Navi Mumbai AeroCity, we have the opportunity to develop another Vile Parle that has options for hotels, hospitals, education, but in a planned manner.”
According to media reports, the country currently has nine Aerocities that are constructed or in the development stage, including those of Delhi, Hyderabad, Mohali, Durgapur, Jewar Airport near Noida, near Ayodhya International Airport, Devanahalli aerocity near Bengaluru Airport, and Navi Mumbai. Navi Mumbai Airport was conceived around 28 years ago, in 1997, as a plan to have a second airport in MMR and decongest Mumbai Airport. The Adani Group will operate both Navi Mumbai Airport and Mumbai Airport.
With the airport’s inaugural flight expected in the coming months, pilots and aviation professionals' interest in nearby plots and luxury villas has noticeably increased. Local real estate developers and consultants report a growing number of pilots, especially those nearing retirement, seeking long-term investments in the area. According to developers, the appeal goes beyond convenience. Many aviation professionals have seen firsthand the sharp rise in property values around Mumbai’s current airport hubs, such as Juhu, Vile Parle, and Santacruz, and are betting on similar growth around NMIA. Developers note that Navi Mumbai Airport’s strategic location is roughly equidistant from Mumbai and Pune. As a result, buyers from West Pune are increasingly investing in properties near the upcoming airport.
Frequently Asked Questions
What is the size of the Aerocity project near Navi Mumbai International Airport?
The Aerocity project near Navi Mumbai International Airport is planned to cover 667 acres, with around 123 acres each allocated for residential, commercial, and retail developments.
What are the key components of the Aerocity Master Plan?
The Aerocity Master Plan will include techno-economic feasibility studies for various projects, such as commercial, retail, residential, industrial, and mixed-use developments. It will also assess market needs, financial feasibility, and infrastructure design.
Who is CIDCO, and what role do they play in the development of Navi Mumbai?
CIDCO stands for City and Industrial Development Corporation. They are the special planning authority responsible for the development and planning of Navi Mumbai, a satellite city to Mumbai, which was conceived in the 1970s.
How is the Navi Mumbai International Airport expected to impact the real estate market in the region?
The Navi Mumbai International Airport is expected to significantly boost the real estate market in the region, attracting investments from various sectors, including aviation professionals and buyers from nearby cities like Pune.
What other major infrastructure projects are being considered in Navi Mumbai?
Other major infrastructure projects in Navi Mumbai include the Mumbai Trans Harbour Link (MTHL), also known as Atal Setu, Navi Mumbai Metro Lines, suburban railway line expansions, and projects related to ports and highways.
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