Navi Mumbai Aerocity Planned on 667 Acres Near NMIA

22 Aug 2025 CW Team

Officials confirmed that a techno-economic feasibility study will be conducted for projects across residential, commercial, retail, industrial, and mixed-use zones, each covering over 120 acres. The Aerocity is envisioned to host financial services, corporate offices, export-oriented units, warehousing, hotels, hospitals, schools, entertainment centres, and housing, making it a holistic urban ecosystem.

The Master Plan will take into account market demand, financial feasibility, and infrastructure design while aligning with both domestic and global trends. It will also integrate with surrounding developments such as the Mumbai Trans Harbour Link (Atal Setu), Navi Mumbai Metro lines, suburban railway expansions, ports, and highway projects.

CIDCO, which has played a central role in planning Navi Mumbai since the 1970s, had acquired the Aerocity land alongside the airport’s construction. The consultant will also provide transaction advisory services for the proposed development.

Real estate experts said the Aerocity offers an opportunity for planned development at scale, unlike historic growth patterns in Mumbai. Manohar Shroff, Senior Vice-President of CREDAI-MCHI Navi Mumbai, noted:

“While several parts of Mumbai face waterlogging and congestion, Navi Mumbai has benefitted from planned infrastructure. Aerocity gives us a chance to develop a well-designed hub with hotels, hospitals, education, and housing in a structured way.”

India currently has nine Aerocities either operational or under development, including those in Delhi, Hyderabad, Mohali, Durgapur, Jewar (Noida), Ayodhya, Devanahalli (Bengaluru), and now Navi Mumbai.

First conceptualised in 1997 to decongest Mumbai Airport, NMIA is being developed by the Adani Group, which will also operate Mumbai’s Chhatrapati Shivaji Maharaj International Airport. With the airport’s inaugural flight expected later this year, interest in nearby properties has surged. Pilots and aviation professionals, especially those nearing retirement, are increasingly investing in plots and luxury villas near the Aerocity.

Developers also highlight Navi Mumbai’s strategic location, almost equidistant from Mumbai and Pune, which is attracting buyers from western Pune who anticipate long-term gains from property appreciation around NMIA.

As the Navi Mumbai International Airport (NMIA) prepares to begin operations in September, the Maharashtra government has accelerated plans for a 667-acre Aerocity in its vicinity. The City and Industrial Development Corporation (CIDCO) has floated a tender to appoint a consultant for drafting the Master Plan, with land earmarked for residential, commercial, and retail developments—each spanning around 123 acres.Officials confirmed that a techno-economic feasibility study will be conducted for projects across residential, commercial, retail, industrial, and mixed-use zones, each covering over 120 acres. The Aerocity is envisioned to host financial services, corporate offices, export-oriented units, warehousing, hotels, hospitals, schools, entertainment centres, and housing, making it a holistic urban ecosystem.The Master Plan will take into account market demand, financial feasibility, and infrastructure design while aligning with both domestic and global trends. It will also integrate with surrounding developments such as the Mumbai Trans Harbour Link (Atal Setu), Navi Mumbai Metro lines, suburban railway expansions, ports, and highway projects.CIDCO, which has played a central role in planning Navi Mumbai since the 1970s, had acquired the Aerocity land alongside the airport’s construction. The consultant will also provide transaction advisory services for the proposed development.Real estate experts said the Aerocity offers an opportunity for planned development at scale, unlike historic growth patterns in Mumbai. Manohar Shroff, Senior Vice-President of CREDAI-MCHI Navi Mumbai, noted:“While several parts of Mumbai face waterlogging and congestion, Navi Mumbai has benefitted from planned infrastructure. Aerocity gives us a chance to develop a well-designed hub with hotels, hospitals, education, and housing in a structured way.”India currently has nine Aerocities either operational or under development, including those in Delhi, Hyderabad, Mohali, Durgapur, Jewar (Noida), Ayodhya, Devanahalli (Bengaluru), and now Navi Mumbai.First conceptualised in 1997 to decongest Mumbai Airport, NMIA is being developed by the Adani Group, which will also operate Mumbai’s Chhatrapati Shivaji Maharaj International Airport. With the airport’s inaugural flight expected later this year, interest in nearby properties has surged. Pilots and aviation professionals, especially those nearing retirement, are increasingly investing in plots and luxury villas near the Aerocity.Developers also highlight Navi Mumbai’s strategic location, almost equidistant from Mumbai and Pune, which is attracting buyers from western Pune who anticipate long-term gains from property appreciation around NMIA.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..