Maharashtra's Navi Mumbai International Airport
TheD.B.PatilInternationalAirport,oftenknownasNMIA(NaviMumbai InternationalAirport),isafuturepieceofMaharashtrainfrastructure.Itisslatedto overtakeCSMIA(ChhatrapatiShivajiMaharajInternationalAirport)asthesecondlargestairportintheMMR,alsoknownastheMumbaiMetropolitanRegion.
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ThisgreenfieldprojectisbeingconstructedbyCIDCO(CityandIndustrial DevelopmentCorporation)inthreestages.25millionpassengerscanbehandled annuallyinthefirstphase.Inthethirdphase,itwillbedevelopedtoitsfull potential,handlingmorethan90millionpassengersyearly.
HereisathoroughsummaryoftheNaviMumbaiAirportproject,itscurrentstate, andthemostrecentadvancements.
Navi Mumbai Airport: Key Information
Name of the Airport Navi Mumbai International Airport
Area 1,160hectares
Operator NMIAL(NaviMumbaiInternational AirportLimited)
EstimatedPrice Rs.16,700crores
CivilConstructionContractor L&T(Larsen&Toubro)
NodalAgency
CIDCO(CityandIndustrial DevelopmentCorporation)
Deadline 2024
Airport amenities at Navi Mumbai
Thebrand-newinternationalairportinNaviMumbaiisplannedtoprovidevisitors withavarietyofamenities.Theairport'sconstructionandrunwayarealmost finished,butbasicamenitieslikestores,restaurants,&baggageservicesarestill beingbuilt.Thespecificsareasfollows:
Structure: TheNaviMumbaiInternationalAirportfeaturesa720,000squarefoot apron,a180,000squarefootterminal,and10codeCaircraftparkingspaces.
Runways: Thenewairportwillhavetwo1.55kmapartrunwaysthatarespread across1,160hectares.
3,700by60metres(12,140feet200feet)isthesizeofRunway08L/26R.
3,700by60metres(12,140feet200feet)isthesizeofRunway08R/26L.
Terminals: BritishdesignandarchitecturefirmZahaHadidArchitectscreatedthe NaviMumbaiInternationalAirport.Itwillcontainthreecutting-edgeterminal buildingsthatareallconnectedtooneanother.
Thethreestructureswillhaveanappealingdesignlikealotusleafandprovide travellerswithlounges,foodcourts,duty-freestores,travelators,andother amenities.Alow-costcarrierterminalwithafirst-phasecapacityof2million passengersperyearwillalsobepresentattheairport.
Cargo Terminal: Thedomesticfreightterminalwillbe3,60,000squarefeet(33,000 metres)insize,whiletheinternationalcargoterminalattheNaviMumbai InternationalAirportwouldbe2,55,000squarefeet(23,700metres).
Other Facilities: Theairportwillalsohavethreeaircrafthangarsandafuelfarm thatis16,30,000squarefeet(1,51,000metresquare).Additionally,adedicated Maintenance,Repair,&Overhaul(MRO)facilitywillbepresent.
Airport in Navi Mumbai: Current Status
TheNaviMumbaiInternationalAirportwasacquiredbytheAdaniGroupin2021 foracontrollinginterest.Followingthat,CIDCOgavetheAdaniGroupabout2,866 acresoflandforbuildingin2022.CIDCOalsointendedtorehabmorethan5000 householdswiththis.InMarch2022,theAdaniGroupcompletedthefinancial closureofthegreenfieldairportwithSBIguaranteeingitsdebtdemandofRs. 12,770crores.
InJune2022,AdaniGroupstartedbuildingtherunway&terminalafterreceiving thelandfromCIDCO.Accordingtomediareports,theprojectisscheduledto welcomevisitorsinDecember2024.Accordingtosomerumors,thisairportwill alsohaveaconnectiontoPune,improvingconnectivityandenhancinglocalreal estategrowth.
Navi Mumbai Airport's History
AcommitteewasestablishedbytheMoCA(MinistryofCivilAviation)toevaluate varioussitesfortheChhatrapatiShivajiInternationalAirportextension,whichwas conceivedofin1997.In2000,thegroupproposedaMandwa-Rewassite,which CIDCOlatermodifiedandsubmittedtotheMoCAinafeasibilityreport.Asaresult,a locationinNaviMumbaiwasfoundbythesubcommitteeoftheAAI(Airports AuthorityofIndia)thatwasmoretechnicallyandoperationallyfeasible.Theythen advisedthatathoroughfeasibilitystudyoftheproposalbeconductedbyCIDCO.
In2001,CIDCOsubmittedtothegovernmenttheTechno-EconomicFeasibility Study(TEFS)fortheprojecttobuildtheNaviMumbaiInternationalAirport.After that,theICAO(InternationalCivilAviationOrganisation)carriedoutasimulation studythatdeterminedthat,withtherightprocedures,Mumbaicouldoperatetwo airportssimultaneously.
HavingreceivedclearancefromtheUnionCabinetinJuly2007,CIDCOpresenteda ProjectFeasibility&BusinessPlanforthisprojecttotheMoCAinFebruary2007. TheMaharashtraGovernmentauthorisedthePublicPrivatePartnership(PPP) developmentoftheNaviMumbaiInternationalAirportin2008andnamedCIDCOas themainorganisationforitsexecution.
Impact of Navi Mumbai Airport on Real Estate
RealestatedevelopmentinPanvelwouldbecomepossibleiftheNaviMumbai InternationalAirportisfinished.Developersandhomebuyers'curiosityhave alreadybeenpiqued,makingPanvelthecentreofattention.
NationwiderealestatespecialistsexpectthatPanvelwillsoonbecomeathriving commerciallocation.Startingbusinessesandmultinationalcorporationswillbeable toestablishofficesin&aroundPanvelbecausetothebest-in-classfacilitiesand seamlessconnectivity.
Withanairportinplace,NaviMumbai'seconomywouldalsoexperiencea significantgrowth.Panvel,Kamothe,Khargar,Taloja,andUlwewillprofitthemost froma10-15%increaseinpropertyvaluesinNaviMumbaiandthesurrounding districts.
Innovativeairportconstructionwillalsocauseachangeinthehousingmarket.It willattractindividualstomovetoPanvelandthesurroundingareas,especially thosewhoarealreadylookingforabetterqualityoflifeandmorechances.Asa result,therewillbeariseinthedemandforluxuryandinexpensiveresidential propertiesintheseareas.
Airport in Navi Mumbai - Nearby Places
AccordingtoGoogleMaps,theairportissituatedeastofMumbai,namelyalongNH 348closetoPanvel,RaigadDistrict.A35kilometreAirportExpressLinemetrowill connectittotheChhatrapatiShivajiInternationalAirport. TheMumbaiMetroLine 8willalsoprovideaccesstotheairport.
Inaddition,a6-lane,21.80kmlongMTHL(MumbaiTransHarbourLink)beingbuilt byL&T-IHIConsortium&TataProjectsLimited-DaewooE&CwouldconnectNMIA toMumbai.
NMIAwillhaveahugeimpactontherealestatemarketinPanvelandadjacent communitieslikeUlwe,Khargar,Taloja,andKamothe,aswasalreadymentioned.In fact,sincetheproject'sannouncementitself,thecommunitiesneartheairporthave beguntoexperiencesignificantdevelopment.
conclusion: Navi Mumbai International Airport
TheNaviMumbaiInternationalAirport,orNMAI,wouldresultinbeneficialchanges tothecity'seconomyandsocialstructure.Alongwithcreatingnewjob opportunities,itwillalsoimpactNaviMumbai'sandthesurroundingareas'real estatemarket. Thegreenfieldairportproject,developedbyCIDCO,willlessenthe loadonMumbai'scurrentChhatrapatiShivajiMaharajInternationalAirport.
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