Mumbai North West MP Ravindra Waikar has urged the central government to rehabilitate the extensive slums surrounding Mumbai International Airport to construct an additional runway and address growing air traffic challenges.
Mumbai International AirportSlum RehabilitationAdditional RunwayAviation InfrastructureUrban DevelopmentReal Estate MumbaiDec 03, 2024
Mumbai International Airport is facing growing delays due to constrained runway availability. The increasing passenger and flight volumes are putting a strain on the current infrastructure, leading to operational inefficiencies.
MP Ravindra Waikar proposes rehabilitating the extensive slums surrounding the airport to construct an additional runway, which would help manage the escalating air traffic demands more efficiently.
The funnel zone regulations impose height restrictions on buildings around the airport, which have significantly delayed the redevelopment of aging structures in the vicinity. Waikar has called for amendments to these regulations to enable redevelopment while maintaining aviation safety standards.
A collaborative approach is important because it involves representatives from all relevant stakeholders, including government departments, local authorities, and public representatives. This would enable a detailed discussion on slum rehabilitation, runway expansion, and the challenges posed by funnel zone restrictions, leading to actionable solutions.
Waikar underscored the importance of providing displaced residents with modern housing, water supply, and other essential amenities. He urged policymakers to prioritise humane resettlement as an integral part of this developmental initiative.
Big plans are underway to hand over surplus land for real estate, as railways aim to beautify tracks and eliminate health risks associated with vegetable farming.
Godrej Properties, one of the leading real estate developers in India, has reported a marginal increase in its net debt to Rs 7572 crore in the second quarter of the fiscal year. The company maintains a strong presence in key metropolitan regions includin
New Delhi and Mumbai have secured the 6th and 7th spots respectively on the Prime Global Cities Index Q4 2024, following Seoul and Manila. This ranking reflects the growing prominence of these Indian cities in the global real estate market.
Chinese regulators have imposed a record fine of $62 million on PwC's auditing unit in mainland China over its audit of troubled property developer China Evergrande Group.
A ₹50 lakh budget might not be enough to buy a full apartment in South and Central Mumbai, but it can get you a parking space in some of the city's most expensive areas. Read on to find out more.
Former US President Donald Trump is in New York, his native city, for a final campaign rally at Madison Square Garden. Despite a significant Democratic stronghold, the rally is a show of defiance and a reminder of Trump's roots in the real estate and cele