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News18
a day ago
- Business
- News18
Navi Mumbai Airport Interiors' First Glimpse In Viral Video As It Nears Completion
Last Updated: Navi Mumbai International Airport is nearing completion, with its inauguration expected in a few months. A viral Instagram video showcases the interior. The eagerly awaited Navi Mumbai International Airport (NMIA) is nearing completion, with its grand inauguration expected in a few months. As the deadline approaches, infrastructure upgrades at the mega airport site are taking place rapidly. A video on social media platform Instagram has gone viral, providing the first glimpse inside the upcoming NMIA. The video offered the public a preview of how will one of India's most advanced aviation hubs look like. Shared by Instagram user Ganesh Jadhav (username: @propertycoveage), the video has gained widespread attention, showcasing the newly installed baggage conveyor belts and workers working round-the-clock to prepare the terminal for operations. The video, taken inside the main terminal building, reveals extensive polished flooring, spacious interiors, and fully operational conveyor systems in the baggage claim area. Visuals show the workers completing final-stage tasks, indicating that the mega project is almost ready to welcome passengers. Though no dates have been announced yet for the inauguration, multiple news reports suggest the airport's grand opening is likely to occur on September 17, 2025, coinciding with Prime Minister Narendra Modi's birthday. Earlier, the project was expected to be unveiled on August 15 but technical issues in the terminal and taxiway work, along with the monsoon season, delayed the launch. What Are The Features Of Navi Mumbai International Airport? Sprawling across 1,160 hectares in Ulwe, near Panvel, the Navi Mumbai airport is designed to reduce existing burden on Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai. The new airport also aims to provide a modern aviation alternative to the residents of Mumbai Metropolitan Region (MMR). Taking its design cue from lotus flower, the airport is an architectural marvel with three interconnected terminals, two parallel runways, and state-of-the-art passenger facilities. In its first phase, NMIA will have the capacity to cater to 20 million passengers and handle 0.8 million tonnes of cargo annually. The project is managed by Navi Mumbai International Airport Limited (NMIAL), a joint venture between Adani Airport Holdings (74%) and CIDCO (26%). Currently, over 13,000 workers are engaged to meet the project timeline. Reports suggest that the Adani Group and the Centre are eager to launch both domestic and international operations simultaneously. First Published: June 30, 2025, 11:15 IST
Indian Express
01-05-2025
- Business
- Indian Express
Akshaya Tritiya: More takers for mid-to-luxury segment homes in Pune; slight dip in vehicle registrations
According to the local registration office, there were 1,830 property registrations in Pune on the day of Akshaya Tritiya, April 30. 'We've seen a healthy amount of bookings starting from Gudhi Padwa to Akshay Tritiya. With the option of hybrid working models on the rise, buyers prefer to purchase flats with more rooms, making 3-4 BHKs more in demand than 2 BHKs. Especially in cases when both the partners are working individuals,' said Ganesh Jadhav, co-founder of Gangotree Homes. Anticipating changes ahead of a financial year, people usually start booking their flats in March and get them registered on the festive occasion, experts said. The Nyati Group said it was satisfied with the sales this year, claiming a growth of around 11% compared to last year, in value. 'The need for luxury housing is on a high, with the buyers being extremely brand conscious, location-centric, and looking not just for amenities, but an upgrade in lifestyle. It is no more just the interiors and amenities, but what's outside: a community,' said Harish Shroff, director of Sales and Marketing at the Nyati Group. With interest rates around 8.5 per cent, affordable luxury units are the rage. 'Luxury units, ie, anything beyond Rs 3 crore to Rs 4 crore, have had a slow but efficient conversion as well, he said. 'We are having an inventory turnover period of just around six months. So that should tell you how positive the market is at present, and we are expecting it to remain so,' Shroff added. Similarly, Amit Paranjape, Head of Business Development, Paranjape Schemes Construction, felt a positive pickup. Various of its units are scheduled to be delivered on May 1, with bookings having picked up in the last month. 'All our mid-segment units have seen a highly positive demand, including our senior housing projects,' he explained. K K Goel, MD of the Kohinoor Group, did not sound too optimistic though. 'Owing to the increase in rates, we are seeing in a long time, a low customer demand, especially when compared to last year. Post the pandemic, people have shifted their options — whoever earlier wanted 1 BHK now wants a 2 BHK, and whoever wanted a 2 BHK now wants a 3 BHK, while being on the same level of price sensitivity. Besides, it is also a holiday season, where people have different priorities and budgets set accordingly. So it is natural that house purchasing takes a back seat,' Goel pointed out. Vehicle registrations down compared to 2024 Meanwhile, vehicle registrations in Pune saw a dip in the days leading up to Akshaya Tritiya from April 22 to April 29, compared to the registrations in the last season. According to data shared by the Pune Regional Transport Office (RTO), 6,710 vehicles were registered in the city, including 4,177 motorcycles, 1,680 cars, 221 auto-rickshaws, 36 buses, 301 goods vehicles, 203 tourist taxis, and 92 other vehicles. Last year, 7,191 vehicles were registered from May 2 to May 9, the days before Akshaya Tritiya. Even though car, auto-rickshaw, bus, goods, and tourist taxi registrations have gone up this year, motorcycle sales saw a drop.
