Navi Mumbai International Airport – a flight towards Development
Navi Mumbai is the home to a vast population that has settled there, seeking close proximity to the financial capital, Mumbai. But that is just one way to look at Navi Mumbai. In the recent years, Navi Mumbai, from being at the periphery of Mumbai has developed into the centre of a large number of industries. The Navi Mumbai Special Economic Zone has attracted a number of companies who believe that the place is more feasible and convenient for future development.
Navi Mumbai is going through an extensive amount of commercial and residential development, making it a hot property for investment. The reasons to fancy about Navi Mumbai keep on compiling as the day passes. The top reason being the Navi Mumbai International Airport, or as the CIDCO has named it, Greenfield Airport.
The fast growing population of Mumbai and Navi Mumbai made the development of a second airport imperative. The existing International Airport is soon reaching the point of saturation. The rapid growth that Navi Mumbai is going through narrowed down the choice of location for the second airport.
NMIA (Navi Mumbai International Airport) is one of the world’s largest “Greenfield” international airports, currently proposed for development.
The proposed second airport for MMR (Maharashtra Metropolitan Region) is located at Navi Mumbai for several reasons. Prominent among them is the fact that Navi Mumbai is expected to cater to the future growth in population, business and commercial activities of MMR. The availability of excellent physical and social infrastructure coupled with an environment-friendly site makes the Navi Mumbai Airport project both technically feasible and financially viable.
The NMIA is being developed through the Public Private Partnership. CIDCO will hold 26% of the share while the other will be held by private developers.
The airport site is located in an area of 1160 hectares accommodating two parallel runways for simultaneous & independent operations with provision of full length taxi ways on either side of the runways. The airfield has been designed to accommodate the new large aircrafts.
The growth in resident population in Navi Mumbai, rapid development of its Central Business District, coupled with major economic generators such as Special Economic Zone, Jawaharlal Nehru Port, Thane-Belapur and Taloja industrial areas and the huge catchment area ranging from Pune to South Mumbai would ensure a steady growth rate in traffic at the new airport. The NMIA is expected to cater to about 10 million passengers in the 1st year of its operation that is 2017. By the second and third year, 25 and 45 million travelers respectively are expected to use NMIA.
In addition the project opens-up the state’s vast hinterland rich in agriculture, floriculture, hi-tech high value industries to the world market. Thus the airport will act as a focal point for the emergence of a transshipment centre in the South Asian region.
The airport is surely going to add another feather to the glory of Navi Mumbai which has seen a number of them in the recent times. The residents of Navi Mumbai have come to be strategically situated. They have easy access not just to Mumbai, but to Pune, rest of Maharashtra and now with the airport, anywhere in the world.
The anticipation of NMIA had already increased the commercial and residential demand in Navi Mumbai. The opportunists would benefit as the prices are yet to sky-rocket. Navi Mumbai’s elevation from a city to an ultra-modern metropolis only took a few years. The city truly took a flight towards development.