This is how New Mumbai Airport is boosting affordable housing

In fact, even 45 years after experts in Maharashtra thought they needed more urban space to house the population of Mumbai and established the City and Industrial Development Corporation (Cidco) with many exhibits to build a twin city, Navi Mumbai had neglected to get up to draw the covered plot. Despite taking precedence over India’s financial capital, Mumbai, and offering land at similarly low costs, property in Mumbai had not been able to motivate homebuyers in the way that specialists would have liked. . This was largely due to a modest improvement in infrastructure at the range.

Regardless of how the population in Navi Mumbai jumped 100 per penny between 1971 and 2001, from 1.5 lakh to 11 lakh, the city was asking for more in the preset plan of things. After all, Navi Mumbai was organized as a “counter-magnet” for Mumbai.

The example of the Navi Mumbai aircraft terminal is one that should be studied. Although the underlying work to build the aircraft terminal was started ahead of schedule in 1997, and fit-out service support was secured in 2010, development work was unable to start. The reason: The green service had put certain terms and conditions in place for Cidco before licensing the company. There were further postponements as experts needed to review beachfront control principles to clear the way for the air terminal.

So when the service finally gave the project a phase 2 endorsement recently, many, especially the designers who had bet heavily on Navi Mumbai expecting a big-ticket thank you, heaved a groan of relief. Stage 1 support was allowed in 2013. As reports indicate, Cidco may now have the ability to launch the main stage of the business by December 2019. At a cost of Rs 16,000 crore, the Cidco air terminal Navi Mumbai will have the capacity to serve 10 million travelers a year.

It will not only share the growing burden of travelers from Mumbai’s Chhatrapati Shivaji International Airport, but also create more business opportunities for people in the neighborhood. (Cidco anticipates that the air terminal will create more than 4 lakh immediate and tortuous occupations). This will definitely trigger a large-scale move to Navi Mumbai and help ground engineers liquidate their stocks.

As more foundation and transportation companies see the light of day, Navi Mumbai will no doubt start to function as Mumbai’s “countermagnet” and flats in Mumbai will start to take off.

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