Navi Mumbai Airport Secures 405 Flats for Staff at Panvel
Navi Mumbai International Airport (NMIAL) has secured 405 flats at Panvel from real estate firm Wadhwa Group to accommodate its staff ahead of the airport's inauguration.
Navi Mumbai International AirportPanvelWadhwa GroupLeave And License AgreementMumbai Metropolitan RegionReal Estate MumbaiSep 24, 2025
NMIAL has signed a Memorandum of Understanding (MoU) with The Wadhwa Group to secure 405 ready-to-move-in flats on a 'leave and license' basis in its township 'Wadhwa Wise City' at Panvel for airport personnel and their families from October 2025, the real estate company said in a statement on Wednesday.
A leave and license agreement is a legal document that allows a property owner (licensor) to grant temporary usage rights of their property to another party (licensee) without transferring ownership.
Sandeep Sonthalia, CEO of The Wadhwa Group, said, 'The opening of the Navi Mumbai International Airport is a monumental event for the region. We are witnessing an uptick in demand for apartments, bungalows, and plots and are thrilled to partner with NMIAL to address this need.'
Wadhwa Group has developed many housing and commercial projects in the Mumbai Metropolitan Region, contributing significantly to the region's growth and development. The acquisition of these flats by NMIAL is a strategic move to ensure that the airport's staff are well-accommodated and can perform their duties effectively.
The new Navi Mumbai International Airport is poised to be a game-changer for the region, offering enhanced connectivity and boosting economic activities. The availability of well-furnished and conveniently located flats will undoubtedly make the transition smoother for the airport staff and their families.
Frequently Asked Questions
What is the Navi Mumbai International Airport (NMIAL)?
Navi Mumbai International Airport (NMIAL) is a new airport under construction in the Mumbai Metropolitan Region, expected to enhance air connectivity and boost the local economy.
How many flats has NMIAL taken at Panvel?
NMIAL has taken 405 flats at Panvel from the real estate firm Wadhwa Group for its staff.
What is the purpose of these flats?
The flats are intended to accommodate airport personnel and their families, ensuring they are well-housed and can perform their duties effectively.
What is a leave and license agreement?
A leave and license agreement is a legal document that allows a property owner to grant temporary usage rights of their property to another party without transferring ownership.
What is Wadhwa Group's role in this arrangement?
Wadhwa Group, a prominent real estate firm, has developed the flats in its township 'Wadhwa Wise City' at Panvel and has signed an MoU with NMIAL to provide these flats on a leave and license basis.
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