THE MEGA SEED OF INFRASTRUCTURE GROWTH AND DEVELOPMENT
Around the world, new airports have been the catalysts of both Economic and Development growth. The aviation industry supports $3.5 Trillion in world Economic Activity (4.1% of the world GDP) both directly, and indirectly, and through induced activities such as Tourism.
The Navi Mumbai International Airport is being built at a cost of ₹16,000 crores to provide much-needed support to Mumbai’s Chhatrapati Shivaji International Airport and will have an initial capacity of 10 million passengers each year to start off, rising up to 60 million passengers a year by 2032.
This development has already led to property prices appreciating in surrounding regions by an annual 11-12% per annum*.
Other examples of incredible appreciation of property prices in the surrounding regions of the launch of new Greenfield airports show a similarly strong growth Story.
*Data by International Property Consultant.
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