Navi Mumbai International Airport, a significant addition to the region's infrastructure, is set to commence operations in the early part of the next fiscal year, promising to significantly ease the travel burden in one of India’s most bustling cities.
Navi Mumbai AirportAviationInfrastructureReal EstateTransportationReal Estate MumbaiJan 04, 2025
The Navi Mumbai International Airport is expected to begin operations in early 2024.
The estimated cost of the Navi Mumbai International Airport project is around INR 16,700 crore.
The Navi Mumbai International Airport is being developed by the Navi Mumbai International Airport Private Limited (NMIAL), a consortium led by the Airport Authority of India (AAI) and the Japan International Cooperation Agency (JICA).
The airport is designed to handle an initial capacity of 20 million passengers per year, with potential to expand to 40 million in the future.
The opening of the airport is expected to create thousands of direct and indirect jobs, boost the real estate market, and attract more investments to the region, contributing significantly to the economic growth of Navi Mumbai.
Raymond's board has approved the vertical demerger of its real estate business, sending its shares skyrocketing to a record high.
Manoj Saunik, a 1987 batch Indian Administrative Service (IAS) officer, will succeed Ajoy Mehta as the new chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA) from Friday, September 20.
CIDCO Lottery 2024 is a significant housing scheme for the economically weaker sections and lower-income groups in Maharashtra. Learn how to apply, eligibility criteria, and important dates.
Prospect Realty, a firm registered before the sub-registrar of Salcete, Margao, is at the center of a massive Rs 100 crore investment fraud. The firm, engaged in the real estate business, has been accused of misleading investors with false promises. Myron
Infosys co-founder and former CEO Narayana Murthy has made headlines once again with his latest real estate purchase. This acquisition of a second luxury flat in Bengaluru's Kingfisher Towers underscores his affinity for premium properties and further ele
Despite a slight disappointment over the lack of major announcements for the affordable housing sector, real estate players have broadly welcomed the Union Budget 2025-26. The budget has introduced several measures that are expected to boost the housing m