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Nod to airport brings Rs 10,000 cr land into market

Nod to airport brings Rs 10,000 cr land into market

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.

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Navi Mumbai airport project

Navi Mumbai airport project

Cost over-run owing to the delay in project implementation may make the proposed international airport project at Navi Mumbai unviable, City and Industrial Development Corporation (Cidco) feels.