Jan-2019. India’s Ministry of Home Affairs rejected Hiranandani Developers and Zurich Airport's security clearance, with the companies being one of the four shortlisted companies to bid for the proposed Navi Mumbai International Airport. Nov-2013. City and Industrial Development Corporation (CIDCO) MD Bhushan Gagrani advised Navi Mumbai International Airport's bidding will be extended from 25-Jan-2017 to 13-Feb-2017, after having received only one bid from GVK Mumbai International Airport Ltd (MIAL). Navi Mumbai’s public private partnership project is expected to cost USD2.5 billion. The estimated project cost is INR151.5 billion (USD2,359 million). The court reportedly stated, "There is no question of halting the project as it is in the interest of the public at large.". India's Minister of State for Civil Aviation Dr Mahesh Sharma confirmed the government granted in principle approval for the development of 13 new airports at cities including Mumbai. India's City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) PRO Mohan Ninawe advised four bidders have qualified for the request of proposal to the Navi Mumbai International Airport project, closing on 07-Nov-2016. Navi Mumbai International Airport is a proposed green field airport project located in Mumbai’s Kopra-Panvel area. You seem to have JavaScript disabled in your browser. Mr Bhatia said, "There is no dearth of passengers as I see it.". Zaha Hadid Architects to design Navi Mumbai International Airport. An L&T spokesperson confirmed its participation in the bid but did not elaborate. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. The concession period covers 30 years, with the option to extend for a further 10 years. The airport was being planned to handle 10 million passengers in the phase one, but the terminal will now be built to handle 20 million. consortium — in the race for the project. The airport is expected to open in phases from 2019. 08-Feb-2017. A global construction tender will be floated in early 2014. The GVK Power and Infrastructure Limited led Navi Mumbai International Airport Limited (NMIAL) announced the appointment of Zaha Hadid Architects (ZHA) to design the Navi Mumbai International Airport’s (NMIA’s) Terminal 1 and Air Traffic Control (ATC) Tower on March 14. GVK Group's Mumbai International Airport Ltd (MIAL) bid for the Navi Mumbai International Airport development project was selected by City and Industrial Development Corporation of Maharashtra (CIDCO). CIDCO's project management committee is reportedly assessing technical submissions by four shortlisted bidders. CIDCO extended the deadline for submission of RFQs for the project to 02-Sep-2014. Feb-2014. Explore more on Navi Mumbai Airport at Dnaindia.com. Navi Mumbai International Airport (NMIA) is an under construction greenfield international airport being built at Ulwe Kopar-Panvel in Maharashtra, India.It will be the second International Airport for the Mumbai Metropolitan Region, functioning alongside Chhatrapati Shivaji Maharaj International Airport (CSIA) as India's first urban multi-airport system. 12,229,999,600. Minister for Civil Aviation Ashok Gajapathi Raju cited slow process of the airport project, stating: "Except for the few permissions from different departments, not much has moved at the airport. It’s ideal for industry analysts, managers and executives who need a snapshot of the latest news, analysis and data from our global team, with the ability to export or email PDF reports in one click. 05-Aug-2015. Jun-2017. 16-Feb-2017. The airport will be able to host new-generation aircraft like the A380 and Boeing 747-8. Local media is interpreting the statement as meaning “we will not bid at all.” If so, there will be only two companies — GVK (q.v. Mar-2018. The Navi Mumbai International Airport is being constructed in southern Panvel area near Ulwe. The tender for the pre-development work was scheduled to be opened on 05-Jan-2016. CIDCO issued a tender to prepare the site for construction. Following approval by the committee, CIDCO will seek clearance from Maharashtra's Chief Minister Devendra Fadnavis and India's Ministry of Civil Aviation before inviting financial bids. Bids are due by 18-Jun-2014, with the bidding and evaluation process expected to take up to 10 months. 13-Jan-2016. CIDCO expects the airport could begin operations with a single runway as early as 2018. ), the JV of Tata Realty (q.v.) 26-Jan-2017. CIDCO expects the airport to be commissioned by 2019. The pre-development work includes the diversion of the Ulwe River, clearing of the land, increasing the level from 2m to 5m above mean sea level and relocation of power lines. The Government of Maharashtra (GOM) approved the construction of the new airport development in July 2008 and appointed the City and Industrial Development Corporation of Maharashtra (CIDCO) as the nodal agency for implementation of the NMIA project. The projected “cannot afford any more delays” with land acquisition. 27-Oct-2015. Navi Mumbai International Airport will begin the first phase of pre-development construction works in Feb/Mar-2016 and is scheduled to be completed by 2019, according to City and Industrial Development Corporation of Maharashtra (CIDCO) joint MD V Radhi. Maharashtra State Government confirmed that it still needs to acquire 291 hectares of land for the Navi Mumbai International Airport development. The three remaining airport bidders include GMR Infrastructure, GVK Power & Infrastructure Ltd, and MIA Infrastructure of France with Tata Realty. will be Mumbai's second airport. Pre-development works include levelling the land site and flattening hills, for which CIDCO expects to begin by Mar-2016. 12,229,999,600. The site has small hills to be cleared and a river that requires diversion. A brand-new airport would positively impact the housing market in Navi Mumbai by way of improving the area’s commercial value, primarily by generating employment opportunities. 20,000,000,000 and its paid up capital is Rs. India's Pune district collector Saurabh Rao advised the revenue department formed a six member team including three from Maharashtra Airport Development Company's revenue department, to assess/review the Navi Mumbai rehabilitation project model. CIDCO reported it received 127 consent letters from landowners affected by the construction of the airport since the release of a new government resolution on compensation in mid Jun-2014. The Ministry said the rest of the airport can be completed at a later date. Navi Mumbai Airport was first proposed in 1997 and received government approval in 2007 with plans for completion in 2019, but has faced delays in land acquisition and obtaining necessary government permissions such as environmental clearance. The airport is being developed on a public-private partnership basis between government agency CIDCO and GVK-Mumbai International Airport Limited (MIAL). India’s Minister of State for Home Affairs Haribhai Parathibhai Chaudhary stated that security clearance for GMR Airports Limited, MIA Infrastructure Pvt Ltd and Mumbai International Airport Private Limited were granted for the development Navi Mumbai International Airport. Maharashtra chief secretary Swadhin Kshatriya reported all central government permissions for Navi Mumbai International Airport have been approved. The project developer will be required to make the area designated for the sanctuary "unattractive to birds" to reduce the risk of bird strikes. Maharashtra's Chief Minister Devendra Fadnavis said work will commence on Navi Mumbai International Airport within six months and the airport will be operational in 2019. Aug-2018. The submission deadline was previously extended from 18-Jun-2014 to 30-Jul-2014. It will be the second international airport for the Mumbai Metropolitan Region, functioning alongside Chhatrapati Shivaji Maharaj International Airport (CSIA) as India's first urban multi-airport system. The pre-development plan is expected to cost approximately INR3000 crore (USD449 million) across 1160 hectares, and will include works such as the diversion of Ulwe River and ground levelling. MIAL gets state government’s nod, to develop Navi Mumbai Airport. It is being built through Public Private Partnership (PPP), with private sector partners having 74% equity and the Airports Authority of India (AAI) and Government of Maharashtra (through CIDCO) each holding 13%. Now, fresh money troubles might cause further strain on … GMR Group, Mumbai International Airport Limited, a consortium of Flughafen Zurich and Hiranandani Developers and a consortium of MIA Infrastructure and Tata Realty and Infrastructure submitted RFQs for the project. This working population would buy and rent homes in nearby areas, pushing the demand for rental and residential realty in Navi Mumbai. The tender may be re-issued on 20-May-2015. The Maharashtra state government plans to hold a meeting with the Indian Planning Commission to discuss the delays in land acquisitions which have stalled the development of the planned Navi Mumbai Int Airport. Note: Rankings are based on sales numbers in 2019. Navi Mumbai will initially handle 10 million ppa, rising ultimately to 60 million ppa by 2030. It is anticipated the winning bid will be selected by Dec-2015. Departures from Mumbai Airport (BOM) - Today Check other time periods: 2021-01-17 Today. Mr Gagrani also remained positive about the new airport launching single runway operations by Dec-2019. Home » Current News » Impact of Navi Mumbai International Airport on property prices. NMIAL expects to complete and commission phase one of Navi Mumbai by the end of 2021, two years later than the Dec-2019 launch date set by the Maharashtra State Government. Navi Mumbai Airport may take five years to be operational: Aviation minister. CIDCO will appoint a contractor for the project by the end of 2015. Mumbai: After missing several deadlines, the Maharashtra government is now hoping to complete the first phase of the much-delayed Navi Mumbai airport project in 2023. The first phase of construction is expected to be complete by Dec-2019 and require investment of an additional INR35 billion. India’s City and Industrial Development Corporation (CIDCO) proposes to seek the next step in the bidding process of Navi Mumbai International Airport in mid Feb-2016. 08-Jan-2016. CIDCO acquired 94% of the 1160 hectares required for the project and expects to acquire the remainder in the next two months. The Minister of State for Civil Aviation K C Venugopal informed the Indian lower house of parliament that the Maharashtra State Government is in the process of issuing a request for qualification for the selection of a concessionaire regarding construction of the Navi Mumbai International Airport. 23-Jul-2016. The work is in full swing. 13-Jul-2016. City and Industrial Development Corporation of Maharashtra(CIDCO) received a series of environmental, technical, land acquisition and zoning approvals from India's Government for the Navi Mumbai International Airport project, resolving seven of eight outstanding issues. 21-Jun-2016. Despite the fact that nearly 23 years have passed since the idea to build a second airport in the Mumbai Metropolitan Region (MMR) was mooted, agencies responsible for building the Navi Mumbai International Airport Limited (NMIAL)  have failed to start the real work on account of legal, environmental and land-related hurdles. CIDCO dismissed claims that delays in the project could become a political issue ahead of parliamentary elections. Sena wants Navi Mumbai international airport to be named after Bal Thackeray State’s Urban Development Minister and Shiv Sena’s local heavyweight Eknath Shinde, who was also present for the meeting, demanded that the Navi Mumbai international airport be … Navi Mumbai International Airport is a proposed greenfield international airport, to be built in the Kopra-Panvel area of the Mumbai Metropolitan Region. With the bids complete, Prime Minister Modi was invited for the ground breaking ceremony for the Navi Mumbai International airport in Mumbai on 18 February 2018. City and Industrial Development Corporation (CIDCO) is extending the request for proposal for bids to operate Navi Mumbai Airport to Dec-2016 or Jan-2017. The first phase will include one runway, arrival and departure terminals and customs and immigration facilities. Mumbai: After missing several deadlines, the Maharashtra government is now hoping to complete the first phase of the much-delayed Navi Mumbai airport project in 2023. City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) expects the total cost of the project to be INR145.74 billion (USD2.14 billion) including INR23.58 billion (USD347.4 million), as cost for predevelopment. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia said Navi Mumbai International Airport will operate at its full initial capacity of 10 million passengers p/a when it opens. Further site preparation works are expected to commence in Jan-2015. )-led Mumbai International Airport (MIAL) and an Hiranandani Developers-Zurich Airport (q.v.) City and Industrial Development Organisation of Maharashtra (CIDCO) forecast it will need more than 12 months to complete predevelopment works for the Navi Mumbai International Airport project, including rehabilitation, hill cutting and river diversion. Jun-2014. consortium — in the race for the project. CAPA Profiles help you identify new business opportunities and make better business decisions, by providing accurate and up-to-date data on airports, airlines, suppliers, investors, MROs, lessors and countries/territories around the world. )-led Mumbai International Airport (MIAL) and an Hiranandani Developers-Zurich Airport (q.v.) CIDCO received bids from GMR Group, Mumbai International Airport, a consortium of MIA Infrastructure and Tata Realty and Infrastructure and a consortium of Flughafen Zurich and Hiranandani Developers. Work on phase-1 of the project is likely to start by the end of 2020. City and Industrial Development Corporation (CIDCO) vice-chairman and MD Sanjay Bhatia announced Navi Mumbai Airportstill requires approvals from the Indian Government for its global tendering process and from the Mumbai High Court for environmental clearances covering an area of mangroves on the proposed airport’s development area. 21-Apr-2015. The contract has been given to GVK. Mr Bhatia said the airport is still expected to cost INR145 billion (USD2.4 billion). India's Maharashtra Chief Minister Devendra Fadnavis advised all approvals for the Navi Mumbai International Airport project are in place and first service will launch by Dec-2016. The airport is being built through a public-private partnership between the Airports Authority of India (AAI) and the Government of Maharashtra, together with Mumbai International Airports Ltd (MIAL) who is expected to hold 74% of the equity. 22-Jun-2016. Once operations start, the NMIAL would create job opportunities for as many as four lakh people. Mumbai International Airport (MIAL) has first right of refusal on the project. Now, fresh money troubles might cause further strain on the project, which has already seen cost escalations since projections were first made with regard to funding (for Phase-I, costs have escalated 50% since as against 2013 projections to nearly Rs 136 billion from Rs 90 billion). Project bidders had requested amendment to provisions in the RFQ document, to provide more clarity about the development project, eligibility requirements and intervals between agreements regarding the project. CIDCO requires a total of 1200 consent letters covering 671ha of land across 14 villages. India’s Minister of State for Civil Aviation Jayant Sinha advised that site clearance had been granted for the proposed airport at Bhiwandi and “further development would depend on preparation of Detailed Project Report, its economic viability and financial closure subject to the in-principle approval”. and MIA Infrastructure (q.v. The overall cost of the project is expected to be INR150 billion (USD2.26 billion). In a recent aviation summit, Maharashtra Chief Minister Devendra Fadnavis announced that the Navi Mumbai International Airport (NMIA) will be operational by mid of 2020. CIDCO will finalise the RFP and issue the document to the pre-qualified applicants in order to begin the second stage of the bidding process. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia said the acquisition of 261 hectares for the Navi Mumbai International Airport project is expected to be complete in the next two months. The Navi Mumbai International Airport has now suffered more than five years of delays due to land acquisition and environmental concerns. The Phase I cost was projected at USD960 million and the total cost USD1.6 billion but projected land acquisition costs alone have reportedly reached INR170 billion (USD2989 million). Sep-2013. Dec-2013. India's Minister of State for Civil Aviation Jayant Sinha stated the government expects to complete the first phase of Navi Mumbai Airport in 2020 by making one runway and one terminal operational. India’s Minister of State for Civil Aviation Jayant Sinha advised all approvals except for stage two forest clearance have been approved for the Navi Mumbai International Airport project. CIDCO was proposing to invite tenders of INR16 billion (USD236.4 million) for the pre-development works. Similarly, the Mumbai Trans Harbor Bridge, which will significantly reduce the commute time from Navi Mumbai (Nhava Sheva) to South Mumbai (Sewri), will act as a booster for the realty of the independent city, which was ranked second in the government’s ease of living index in 2018. Feb-2015. CAPA Membership provides exclusive access to the information you need to monitor the competitive landscape and guide your organisation towards success. 07-Dec-2015. India's Ministry of Civil Aviation has given in-principle approval for financial bids or request for proposals at Navi Mumbai International Airport. Following 30 years of operation, a 10-year extension will be awarded based upon the operational performance of the airport operator. Navi Mumbai will be Mumbai's second airport. Maharashtra's Chief Minister Devendra Fadnavis reported phase one development of Navi Mumbai International Airport is expected to be completed and commissioned by mid 2020. India’s Maharashtra Government announced plans to fast-track the development of Navi Mumbai International Airport with a revised completion date as early as Dec-2019 for the first phase of the project. City and Industrial Development Corporation has extended the date for request for proposal from 07-Nov-2016 to 09-Jan-2017. ), the JV of Tata Realty (q.v.) 20,000,000,000 and its paid up capital is Rs. But, I am equally hopeful that the problem of a few villages not agreeing to the best package worked out so far will soon blow over.”. Cidco is reviewing the deadline set for Navi Mumbai International Airport after Chief Minister Uddhav Thackeray told it to expedite the project, at a meeting on Wednesday. India’s Supreme Infrastructure said it was awarded two land development projects worth INR3.9 billion (USD59 million) for Navi Mumbai International Airport. The Navi Mumbai airport, a much-delayed project, was first proposed in 1997 as a secondary airport to support the busy Mumbai airport. GVK awards a contract for construction to L&T Engineering and Construction, Feb: PM Narendra Modi presides over the ground-breaking ceremony, March: London-based Zaha Hadid Architects appointed to design Terminal 1 and ATC Tower, Feb: GVK-led MIAL wins the bid to develop the airport, April: Environment ministry gives clearance to carry out pre-development work for the airport, June: Pre-developmental work for the project starts, Environment ministry gives stage-2 forest and wildlife clearance for the project, CIDCO invites tenders for requests for qualification, Defence ministry gives go-ahead to the project, CIDCO appointed nodal agency for the project, Union Cabinet gives in-principle approval to project development report, Central aviation ministry sets up a panel to find a site to develop a second airport in the MMR. City and Industrial Development Corporation of Maharashtra (CIDCO) plans to commence pre-development work for Navi Mumbai International Airport in Oct-2015. CIDCO confirmed the deadline for requests for qualification for the development of Navi Mumbai airport will be extended from 18-Jun-2014 to 18-Jul-2014. Informa Markets, a trading division of Informa PLC. It is one of the Best Airports and Largest Airports in the world. Will property prices crash in India due to the Coronavirus outbreak? 14-Feb-2017. Mr Fadnavis previously maintained phase one would be completed by Dec-2019 but now says it "should be ready by March 2020". The project is set to complete in 2021. Delayed by years, the development work for Navi Mumbai international airport is going in full swing. Navi Mumbai airport has been plagued by delays and cost escalation over issues related to land acquisition and environment issues. In 2018, GVK-led MIAL, the concessionaire in the special purpose vehicle NMIAL, which had in 2017 won the bid to develop the project, had tied up with embattled YES Bank to finance Phase-I and Phase-II of the Navi Mumbai airport. The airport was being planned to handle 10 million passengers in the phase … Works include river diversion, land clearance, levelling and reclamation and relocation of power lines. As per government estimates in 2013, it would require Rs 160 billion to complete the project. GMR, GVK, Hiranandani groups and Tatas, are expected amongst bidders to place bids for Request For Qualification (RFQ). In Jul-2016, India’s Minister of State for Civil Aviation Jayant Sinha advised that site clearance had been granted for the proposed Navi Mumbai Airport at Bhiwandi. City and Industrial Development Corporation of Maharashtra (CIDCO) further extended the RFQ submission deadline for the Navi Mumbai Airport construction contract to 10-Dec-2014. Will real estate market sentiment improve once the COVID-19 vaccine rollout starts? I have twice done aerial surveys of the place, but things are still the same. Navi Mumbai International Airport is a proposed green field airport project located in Mumbai’s Kopra-Panvel area. 29-Apr-2017. The document establishes the maximum ownership limit for airlines in any consortium bidding for the project at 26%, up from 10% in the original draft. Maharashtra’s Government plans to develop a 600sqkm city named NAINA around Navi Mumbai International Airport. CIDCO is considering replacing existing power lines with underground systems. Current status of Navi Mumbai International Airport Much—not all—of the land for the airport has been acquired. Sky-bound Navi Mumbai airport leaves project-affected behind. CIDCO extended the request for qualifications (RFQ) deadline for the development contract for Navi Mumbai International Airport from 28-Jun-2014 to 31-Jul-2014. Mr Bhatia confirmed the tender for pre-development works will by awarded by the end of Dec-2015. India's City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) senior PRO Mohan Ninawe advised construction equipment has been deployed at the Navi Mumbai International Airport site and "work has started". MIAL will hold 74% stake in the project; the rest is with CIDCO. CIDCO aims to provide the RFD by Mar-2016 and issue the final contract by Jun-2016. Apr-2018. Navi Mumbai International Airport is already one-step closer to transforming the urban map of Navi Mumbai. Jul-2018. 21-Jun-2016. CIDCO proposes to seek the project monitoring committee’s approval in order to issue a formal request for proposal (RFD) to the airport bidders. India’s City and Industrial Development Corporation (CIDCO) chief engineer Sanjay Choudhary said the company expects its development team, responsible for the Navi Mumbai International Airport project, will likely step in between Dec-2016 to Mar-2017 and the company aims to make the airport operational by Dec-2019. Sep-2014. The Navi Mumbai International Airport (NMIA) is finally getting a move-on. The Rs 16,000-crore Navi Mumbai airport is touted to be one of the world’s largest greenfield airports with two parallel runways of 3,700 metres and full-length taxiways that are 1,550 metres apart. 22-Jan-2016. CIDCO MD Sanjay Bhatia said work on the construction of the Navi Mumbai International Airport project is expected to begin within a year and the initial phase of the airport, with a single runway and terminal, is expected to be operational in 2017. Login Login with OTP Register. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia confirmed the company expects approval from India's Government to issue RFPs for the Navi Mumbai International Airport project in early Jan-2016. CAPA Membership also gives you access to a customised selection of more than 400 global News Briefs every weekday, as well as a comprehensive Data Centre, Analysis Reports and Research Publications. Maharashtra Chief Minister Devendra Fadnavis stated the developer assured the Maharashtra State Government that phase one of the development project at Navi Mumbai International Airport will be completed by Dec-2019, including construction of a runway and passenger terminal with capacity to handle 50,000 passengers. Copyright © 2021. 08-Feb-2016. An estimated 3,500 families across 10 villages are impacted by the airport project. India's Ministry of Civil Aviation stated that any extension beyond 40 years and before 60 years of operation will be done using a bidding process, and the existing promoter has the right of first refusal. Navi Mumbai will be Mumbai's second airport. The majority of this website will not function as intended without JavaScript enabled. The inordinate delay in its completion notwithstanding, the NMIAL is likely to significantly change the region’s property market dynamics once the project sees the light of the day. GVK Power and Infrastructure Ltd signed an agreement with City Industrial Development Corporation Limited (CIDCO) to establish Navi Mumbai International Airport Private Limited (NMIAL), a special purpose vehicle (SPV) to implement the Navi Mumbai International Airport development project. The location of Mumbai ’ s Kopra-Panvel area March 2020 '' reported the of... To CAPA Members markets across Navi Mumbai International Airport is being developed on a partnership... 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