New Goa airport may draw Rs 27 bn realty investments

28 Dec 2022 CW Team

Mopa airport is likely to draw about Rs 27 billion of investments from builders and hoteliers until 2030 as the upcoming North Goa aviation gateway becomes the transport hub of South Asia’s tropical paradise, replacing Dabolim that faced both watch-hour and space constraints.

These investments will be directed towards the Mopa region in the state’s extreme north, where the new airport is based. The funds will be used to build luxury hotels, eco hotels, nature and wellness resorts, and homestays.

"We have seen a huge spike in demand for residential homes in North Goa, anticipating the new airport infrastructure, and we’ve closed a record number of transactions between 2021 and now,” said Samir Saran, Managing Partner, India Sotheby’s International Realty. “We only expect this momentum to strengthen, as the airport becomes fully operational in phases and more airlines announce their flights to MOPA."

Already, the market has started showing signs of picking up with big projects underway by major hospitality players such as Taj, Lemon Tree, and Hilton.

Goa has reported an average occupancy rate of more than 70%. During the extended weekends, the occupancy rates touch the 100% mark. After the airport project, the numbers will further surge, making it a goldmine for hospitality investors, experts said.

South Goa’s Dabolim Airport, being a naval facility, has limited slots for civilian flights, putting constraints on air connectivity to the tiny state that has some of the most astounding beaches in Asia. With the MOPA airport addition, air connectivity with new domestic and international destinations will improve substantially by 2023.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..