The project affected persons (PAPs) of the Navi Mumbai airport on November 11 have accepted the the Maharashtra government offered compensation for the loss of their land. The clearance for the proposed Navi Mumbai airport will also bring land worth over Rs 10,000 crore into the real-estate market for development.
Tag: Navi Mumbai airport
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Wait gets longer for Navi Mumbai airport
Bidding process for Navi Mumbai airport will be taken up by the City and Industrial Development Corporation (CIDCO) only after compÂleting the crucial land acquiÂsition process. But this could delay the project and further push up costs.Although the project receiÂved environmental cleaÂrance in November 2010, it has been stuck largely due to delays in land acquisition and lack of approval from the Centre for the issue of a formal Request for Qualification (RFQ) from biÂdders.
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