Navi Mumbai, Noida airports spurring realty boom
AVIATION & AIRPORTS

Navi Mumbai, Noida airports spurring realty boom

A massive infrastructural project that supports a thriving, continuously self-sustaining real estate ecosystem. The Navi Mumbai International Airport (NMIA) and the Noida International Airport in western Uttar Pradesh's Jewar are two of the largest infrastructure projects of this decade. According to experts, the real estate boom being caused by these developments would eventually surpass that observed in nearby satellite cities like Noida and Gurugram.

However, both are developing at radically different rates, with Jewar's real estate market being far more immature than that of NMIA.

Since the NMIA was first conceptualized in 1997, it has been widely publicized. Two of the project's four phases are projected to be completed in the second half of 2024, giving the communities surrounding Ulwe, including Panel and Nerul, plenty of time to develop in all real estate markets. According to Vivek Rathi, head of research at real estate firm Knight Frank India, "In the 2005–14 cycle, properties were sold in the Navi Mumbai region on account of the airport narrative and people found favor in it."

The Mumbai Trans Harbour Link, suburban rail network lines, and the Virar-Alibaug Multi Modal Corridor are among the connecting infrastructure projects that are being built concurrently and will be completed around the time the airport opens for business.

A massive infrastructural project that supports a thriving, continuously self-sustaining real estate ecosystem. The Navi Mumbai International Airport (NMIA) and the Noida International Airport in western Uttar Pradesh's Jewar are two of the largest infrastructure projects of this decade. According to experts, the real estate boom being caused by these developments would eventually surpass that observed in nearby satellite cities like Noida and Gurugram. However, both are developing at radically different rates, with Jewar's real estate market being far more immature than that of NMIA. Since the NMIA was first conceptualized in 1997, it has been widely publicized. Two of the project's four phases are projected to be completed in the second half of 2024, giving the communities surrounding Ulwe, including Panel and Nerul, plenty of time to develop in all real estate markets. According to Vivek Rathi, head of research at real estate firm Knight Frank India, In the 2005–14 cycle, properties were sold in the Navi Mumbai region on account of the airport narrative and people found favor in it. The Mumbai Trans Harbour Link, suburban rail network lines, and the Virar-Alibaug Multi Modal Corridor are among the connecting infrastructure projects that are being built concurrently and will be completed around the time the airport opens for business.

Next Story
Equipment

SANY India Opens New 3S Branches in Visakhapatnam and Palwancha

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has expanded its presence in southern India by inaugurating two new 3S (Sales, Service, Spares) branch offices in Visakhapatnam (Andhra Pradesh) and Palwancha (Telangana). The expansion, in partnership with its authorised dealer Madhura Engineering Services, reinforces SANY’s commitment to providing world-class equipment and faster service access in key industrial and mining hubs.These new facilities complement Madhura Engineering’s existing branches in Guntur and Vijayawada, marking a strate..

Next Story
Real Estate

Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

Magicbricks, India’s leading real estate platform, has released its PropIndex Report for July–September 2025, revealing signs of stabilisation in the housing market. Despite affordability pressures, housing demand grew 3.1 per cent QoQ, driven largely by compact homes. The share of 1–2 BHK units rose to 54 per cent of total demand, reversing a two-year decline and signalling renewed focus on affordability.While overall supply increased marginally by 1 per cent QoQ (–4.5 per cent YoY), property prices continued to rise. Pune (+41.4 per cent YoY), Mumbai (+29.6 per cent YoY), and Greater..

Next Story
Infrastructure Urban

Flytta Launches India’s First Retrofitted Electric Truck for the Heavy-Duty Segment

Flytta has unveiled India’s first retrofitted 13-ton payload capacity electric truck, specially designed for cement bag transportation across challenging ghat roads and industrial terrains. Developed by Kalyani Powertrain (KPTL)—the electric mobility arm of the Kalyani Group—the truck will operate with Dalmia Cement on the Yadwad–Goa corridor.This industry-first collaboration brings together Flytta’s sustainable logistics expertise, Kalyani’s engineering capabilities in EV retrofitting, and Dalmia Cement’s commitment to green manufacturing. The partnership marks a significant ste..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?