NMIA Inauguration Boosts Navi Mumbai's Real Estate Market
The announcement of the Navi Mumbai International Airport (NMIA) opening on September 30 has sparked optimism among developers, who expect a significant boost to the city’s real estate market. With the Mumbai Trans Harbour Link (MTHL/Atal Setu) already driving investor interest, NMIA is set to take the city’s market to new heights.
Navi MumbaiReal EstateNmiaInfrastructureProperty PricesReal EstateSep 13, 2025
Developers across the region have welcomed the move, calling it a transformative push for infrastructure. With the Mumbai Trans Harbour Link (MTHL/Atal Setu) already driving investor interest, NMIA is expected to take the city’s market to the next level. “With the international airport opening, Navi Mumbai will finally be complete in terms of infrastructure. Since the Atal-Setu launch, enquiries in the Ulwe-Dronagiri belt have risen sharply, and now they will grow even further, along with land prices,” said Dharmendra Karia, Choice Group CMD and BANM Trustee.
Land prices in the Navi Mumbai Airport Influence Notified Area (NAINA) currently range between Rs 5 lakh and Rs 25 lakh per guntha (101.17 sq m), translating to Rs 5,000 to Rs 25,000 per sq m. Karia noted that developers from Mumbai, who traditionally preferred redevelopment projects in the island city and suburbs, are now eyeing large land parcels in Navi Mumbai for townships and complexes.
Industry leaders, however, stressed the need for robust connectivity. “The airport must be supported by approach roads, highways, railways, and metro connectivity. CIDCO should have developed these in parallel, but now it must be done on a war footing,” said Raju John, CEO of Builders Association of India.
Property prices are projected to rise across Navi Mumbai, particularly in Panvel, by 5–15%. Currently, Panvel and New Panvel prices range from Rs 6,500 to Rs 10,500 per sq ft, depending on the project and location. Post-airport inauguration, this could increase to Rs 8,500–Rs 12,500, said Manohar Shroff, director of Shivam Real Estate Pvt Ltd.
Prices in Navi Mumbai Airport Influence Notified Area (NAINA) range: From Rs 5 to Rs 25 lakh per Guntha (101.17 square meters), that is Rs 5000 to Rs 25,000 per sq meter. The current prices of Panvel and New Panvel city: Rs 6500- Rs 10,500, depending on the location, elevation, and project. May increase to Rs 8,500-Rs 12,500.
Frequently Asked Questions
When is the Navi Mumbai International Airport (NMIA) scheduled to open?
The Navi Mumbai International Airport (NMIA) is scheduled to open on September 30.
Who confirmed the NMIA opening date?
Vijay Singhal, CIDCO chairman and managing director, confirmed the NMIA opening date during a panel discussion.
What is the current range of land prices in the Navi Mumbai Airport Influence Notified Area (NAINA)?
Land prices in the Navi Mumbai Airport Influence Notified Area (NAINA) currently range between Rs 5 lakh and Rs 25 lakh per guntha (101.17 sq m), translating to Rs 5,000 to Rs 25,000 per sq m.
How much are property prices expected to rise in Panvel after the NMIA opening?
Property prices in Panvel are expected to rise by 5–15% after the NMIA opening, potentially increasing from Rs 6,500 to Rs 10,500 per sq ft to Rs 8,500 to Rs 12,500 per sq ft.
What are the key infrastructure needs for the NMIA to be fully functional?
Key infrastructure needs for the NMIA to be fully functional include robust approach roads, highways, railways, and metro connectivity.
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