Transportation and connectivity are two key factors that home buyers keep in mind, while selecting a property. Consequently, areas that are well-connected to office hubs and market places, witness good demand. Recently, on November … READ FULL STORY
Panvel, in Navi Mumbai, has emerged as one of the fastest-growing areas, in terms of infrastructure development and connectivity. Its real estate market has also witnessed considerable activity across segments, including affordable, mid-segment and … READ FULL STORY
Maharashtra opposition party, NCP, on September 6, 2018, said that it would move the court, if the appointment of Prashant Thakur, a BJP MLA from Panvel, as City and Industrial Development Corporation (CIDCO) chairman, … READ FULL STORY
Navi Mumbai International Airport’s “Phase I is expected to be implemented at a cost of Rs 13,562 crores and will have a capacity of one crore passengers per annum,” ratings agency CRISIL said, in … READ FULL STORY
Navi Mumbai International Airport’s executive chairman, GVK Reddy, announced that the GVK Group had achieved financial closure for the construction of the first phase of the airport, on schedule. “This will now enable us … READ FULL STORY
Britain-based Zaha Hadid Architects (ZHA), has bagged the contract from Navi Mumbai International Airport Limited (NMIAL), after a 12-week design competition, to design the new airport’s Terminal 1 and air traffic control (ATC) tower. … READ FULL STORY
Prime minister Narendra Modi, on February 18, 2018, laid the foundation stone for the first phase of the Rs 16,700-crore Navi Mumbai International Airport, which will give a breather to the choked single-runway Mumbai … READ FULL STORY
The Virgin Group, on February 18, 2018, signed an ‘intent agreement’ with Maharashtra, to build a hyperloop transportation system between Mumbai and Pune, which aims to reduce the travel time between the two mega … READ FULL STORY
Addressing the second day of the annual CAPA (Centre for Asia Pacific Aviation) summit through a video link, Minister of state for civil aviation Jayant Sinha pointed out that Mumbai remained the most bottlenecked, … READ FULL STORY
City and Industrial Development Corporation’s (CIDCO’s) joint managing director Prajakta Verma, on November 23, 2017, assured that the work on the Rs 16,000-crore Navi Mumbai International Airport project was being fast-tracked. “In all probability, … READ FULL STORY
The Maharashtra government, on October 24, 2017, approved the selection of the GVK-led Mumbai International Airports Ltd (MIAL) for developing the Navi Mumbai International Airport, on a public-private partnership basis. The decision was taken … READ FULL STORY
Maharashtra is on track to become a trillion-dollar economy, given the impetus to infrastructure development in the last three years, with the state attracting more than half of the total foreign direct investment (FDI) … READ FULL STORY
The Maharashtra government has decided to hand over 250.0635 hectares of forest land in Raigad district to the City and Industrial Development Corporation (CIDCO), for the development of the Navi Mumbai International Airport (NMIA). … READ FULL STORY
