Palghar and Boisar are set to become major real estate and industrial hubs in the Mumbai Metropolitan Region (MMR) with the government’s plan to establish a third airport in Palghar. This proposed airport, along with the upcoming deep-water port, Mumbai Trans Harbour Link, and bullet train corridor, is expected to drive rapid urbanization and attract both businesses and homebuyers. 

The Maharashtra Airport Development Company (MADC) has begun a pre-feasibility study for the airport, positioning Palghar as ‘Mumbai 3.0’ — an extension of the city’s expansion. Real estate developers see this infrastructure boost as a catalyst for demand across residential, commercial, and industrial sectors. 

Boisar has already gained popularity due to its affordable property rates and well-developed social infrastructure, including schools, hospitals, malls, and commercial centres. The government’s plan for a sports complex in North Mumbai is also expected to spur employment and further urban development. 

The idea of a third airport in MMR has been under discussion for years, with earlier proposals considering Kelva-Mahim and Dapchari as potential sites. 

(FPJ)