Navi Mumbai: Prime Minister Narendra Modi today is set to inaugurate the much-anticipated Navi Mumbai International Airport, marking a pivotal moment for the region that is set to redefine its commercial and residential landscape. This new airport, located in Ulwe, is the largest greenfield infrastructure project in India and is expected to significantly ease the burden on Mumbai’s Chhatrapati Shivaji Maharaj International Airport.
The immediate impact of the airport’s inauguration is already visible in the real estate sector. Experts reveal that the airport has generated strong momentum in property development around Navi Mumbai, particularly benefiting residential projects. Over the past few years, land prices have surged, with affordable housing options now available closer to the air