Mumbai to Get A New International Airport

The city of Mumbai is a well-known commercial centre. The level of economic activity in the city is increasing day by day. The boom in the Mumbai economy is not only because of the local businesses, but because people nationwide and internationally depend on Mumbai as a prime area for procuring materials, products and services. In such circumstances, it is indispensable to have a good airport in the city. This is indeed essential because the first point of contact any outsider is going to have with the city is the airport. A highly styled and equipped airport will create a lasting first impression on the people.

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The idea of construction of the Navi Mumbai airport has got a nod from the relevant authorities. Bids have been invited for the same. In this regard, four bidders have been shortlisted namely - Tata Realty & MIA infrastructure, Hirandani & Zurich airport, GMR airport and Mumbai international airport. This airport is expected to be developed on the PPP format, which means public private partnership. 26% stake will remain with Cidco and 74% will be offered to private players.

Let's take a look at the new Navi Mumbai International Airport (NMIA). The airport will be spread over 1160 hectares of land. This project will cost around 140 billion rupees and will be constructed in a span of 4 years. The airport will be able to handle a capacity of 60 million travellers per annum. The new airport, commonly known as NMIA will be one of the world's largest green airports. It will offer world-class services for passengers and cargo. The airport has a provision of 2 parallel runways operating simultaneously to reduce traffic at the airport. The new larger aircrafts now available will also be compatible at the airfield. The location of the airport is such that it is going to be easily accessible because of the presence of a wide network of transport facilities. The airport is going to be built around large water bodies. This is going to give the airport a very scenic and appealing look.

The upcoming of the project has a lot of trickledown effect on the property prices. The property values in the area are expected to see an upsurge. The economical and commercial activity in the city is expected to increase multiple folds. The development of the airport will lead to overall infrastructural development in this area, making it a popular avenue for property investors.

In a nutshell, the NMIA is a beautiful combination of style and brains. Its classic design is going to leave many in awe and its functionality will ensure increased popularity among travellers. This project is hoped to become one of its kind in India. On completion, it will be able to recognize itself in the list of best in the world. The coming of the is not only going to add feathers in the hat for India, but is also going to prove a boon to people by offering comfort levels and standardized services like never before, especially in Mumbai.

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