Navi Mumbai Airport Secures 405 Flats from Wadhwa Group for Staff
Navi Mumbai International Airport (NMIAL) has secured 405 flats in Panvel from the Wadhwa Group for airport personnel and their families. The flats will be available on a 'leave and license' basis starting October 2025.
Navi Mumbai AirportWadhwa GroupReal EstateLeave And LicensePanvelReal Estate NewsSep 24, 2025
The Navi Mumbai International Airport (NMIAL) has taken 405 flats at Panvel in the Mumbai Metropolitan Region from real estate firm Wadhwa Group for people working at the upcoming airport. The new airport is likely to be inaugurated next month.
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 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 uptake 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. This partnership with NMIAL is a significant step in supporting the growth and development of the region, providing essential housing for the airport's workforce and their families.
The Navi Mumbai International Airport is a major infrastructure project that is expected to significantly boost the economy of the region. It will serve as a secondary airport to Mumbai's Chhatrapati Shivaji Maharaj International Airport and is expected to alleviate congestion and improve air travel in the region. The availability of housing for airport personnel is a crucial aspect of ensuring the smooth operation of the new airport.
The Wadhwa Group's 'Wadhwa Wise City' is a well-developed township that offers modern amenities and a high quality of life. The flats are designed to meet the needs of the airport staff, providing them with a comfortable and convenient living environment close to their workplace.
This initiative by NMIAL and Wadhwa Group is a testament to the collaborative efforts of public and private sectors in driving regional development and enhancing infrastructure. As the airport prepares for its opening, the provision of housing for its staff is a key component in ensuring the success of this significant project.
Frequently Asked Questions
What is the significance of the 405 flats secured by NMIAL from Wadhwa Group?
The 405 flats secured by NMIAL from Wadhwa Group are significant because they provide housing for airport personnel and their families, ensuring a comfortable and convenient living environment close to the new Navi Mumbai International Airport.
When is the Navi Mumbai International Airport expected to open?
The Navi Mumbai International Airport is expected to be inaugurated next month, with the flats becoming available for airport personnel and their families from October 2025.
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. It is commonly used for short-term rental arrangements.
Who is Sandeep Sonthalia and what is his role in this partnership?
Sandeep Sonthalia is the CEO of The Wadhwa Group. He expressed enthusiasm about the partnership with NMIAL, noting the increased demand for housing in the region and the importance of the new airport.
What other projects has Wadhwa Group developed in the Mumbai Metropolitan Region?
Wadhwa Group has developed many housing and commercial projects in the Mumbai Metropolitan Region, contributing to the region's infrastructure and economic growth. The 'Wadhwa Wise City' township is one of their notable developments.
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