Business
MMR Real Estate: Navi Mumbai International Airport Expected To Push Khopoli Into The Spotlight
Last Updated:
While immediate development gains are expected around Panvel, emerging nodes such as Khopoli, backed by strong expressway connectivity and industrial base, are likely to benefit.
Navi Mumbai Airport Set To Open On Christmas Day.
The Navi Mumbai International Airport (NMIA) is going to become operational with its first commercial flights on December 25. The first phase of the airport was inaugurated by Prime Minister Narendra Modi in October. The airport is expected to play a major role in establishing the region as one of Asia’s largest connectivity hubs. The airport is also expected to boost the real estate market in the nearby regions.
While immediate development gains are expected around Panvel, emerging nodes such as Khopoli, backed by strong expressway connectivity and an expanding industrial base, are also likely to benefit substantially from the region-wide growth the airport will unlock.
According to CIDCO, NMIA will handle up to 60 million passengers per year in Phase 1. The airport’s rollout is expected to create large-scale employment across aviation, logistics, hospitality, and allied services, generating economic ripple effects far beyond the primary aerotropolis zone. Enhanced connectivity and reduced travel time across the wider MMR are likely to strengthen the prospects of peripheral locations as well.
According to a recent JLL report, MMR witnessed record-breaking real estate land transactions in 2024, with major single-plot acquisitions of 50 acres or more in emerging micro-markets such as Khalapur, Palghar, and Khopoli. The same report highlights that per-acre land prices surged sharply from approximately Rs 11 crore in 2022 to Rs 17 crore in 2024 in the region.
Khopoli is steadily attracting leading developers, with Arvind SmartSpaces planning a 92-acre township and Lodha Group introducing its premium Lodha Plots Khopoli. The region is also witnessing large-format plotted projects from Godrej Properties through its 89-acre Godrej Hillview Estate. NeoLiv is deepening its footprint in Khopoli through two major projects: a 17.5-acre premium plotted development and a 47-acre mixed-use villa and plotted community, both positioned to become flagship offerings in the micro-market.
Mohit Malhotra, founder & CEO of NeoLiv, said, “The inauguration of the Navi Mumbai International Airport (NMIA) has infused a renewed thrust on the real estate landscape in the extended MMR region, with Khopoli emerging as a noteworthy beneficiary. While areas like Panvel and Ulwe will see immediate gains due to their direct proximity to the airport, Khopoli’s strategic location along the Mumbai-Pune Expressway positions it to benefit indirectly yet significantly from the broader regional development. Enhanced air connectivity will be a strong catalyst for economic growth, real estate development, and tourism in this belt.”
Khopoli’s location along the Mumbai-Pune Expressway, combined with its proximity to steel plants, chemical hubs, and multiple manufacturing clusters, has reinforced its role as a key industrial and warehousing destination. As regional planning bodies push for outward expansion, demand for organised residential formats has begun to rise, he added.
The city is increasingly drawing a mix of homebuyers, including airport-linked professionals, logistics and manufacturing employees, hybrid workers, and middle-income families seeking an affordable alternative to Panvel and Ulwe. Its natural surroundings are also attracting second-home buyers seeking quieter, scenic living.
Developers are responding with plotted and gated communities that balance affordability with aspirational lifestyle needs.
On evolving buyer preferences, Sam Chopra, president & CEO of eXp Realty India, said, “Rising demand for gated communities, plotted developments, and lifestyle-centric housing, including second homes signals a shift toward practical, future-ready living.”
Located at the base of the Sahyadris, Khopoli continues to draw steady tourist inflows. With waterfalls, trekking routes, and the proximity of leisure destinations like Imagicaa and Khandala, the area is emerging as both a residential hub and a leisure micro-market. This dual appeal is drawing interest from both end users and investors.
About the Author
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
Click here to add News18 as your preferred news source on Google. December 02, 2025, 17:37 IST
Read More
It is unusual for a senior figure at the Bank to be so forthright on market movements.
Source link
Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
People walk past a Nike store in New York City, on April 2, 2025.
Kylie Cooper | Reuters
Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department.
In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s broader “Win Now” turnaround strategy aiming to reshape its technology team, modernize its Air manufacturing, move some of its Converse Footwear operations and integrate its materials supply chain work into its footwear and apparel supply chain teams.
“Collectively, these changes will result in a reduction of approximately 1,400 roles in global operations, with the majority in technology,” Alagirisamy wrote. “These reductions are very hard for the teammates directly affected and for the teams around them, too.”
A Nike spokesperson said the layoffs are about better positioning the organization for the current pace of sports and accelerating its growth. The layoffs affect employees across North America, Asia and Europe and represent less than 2% of the company’s total global head count.
“This is not a new direction,” Alagirisamy wrote. “It is the next phase of the work already underway.”
Affected employees will be notified beginning Thursday, Nike added.
CEO Elliott Hill has been working to turn Nike around after years of slumping sales. While Hill has made some initial progress, it’s come with some bumps in the road.
Nike announced 775 job cuts in January, primarily at its U.S.-based distribution centers, due to the company’s work in accelerating its use of automation. At the time, the company said the cuts are part of Nike’s goal to return to “long-term, profitable growth.”
Those layoffs came on top of a round of cuts last summer that affected less than 1% of Nike’s corporate staff as part of the company’s efforts to realign the business.
In its third fiscal quarter earnings report last month, the retailer warned that sales will continue to fall for the rest of the year, primarily led by an anticipated 20% decline in China during the current quarter.
— CNBC’s Jessica Golden contributed to this report.
Rams make surprise first-round move, take Alabama QB Ty Simpson
Luke Grimes shares what disappoints ‘Yellowstone’ fans the most
US Special Forces Soldier Arrested for Polymarket Bets on Maduro Raid
-
Fashion1 week agoFrance’s LVMH Q1 revenue falls 6%, shows resilience amid Iran war
-
Entertainment1 week agoIs Claude down? Here’s why users are seeing errors
-
Sports1 week agoPSL 11: Peshawar Zalmi win toss, opt to field first against Quetta Gladiators
-
Tech1 week agoThe Deepfake Nudes Crisis in Schools Is Much Worse Than You Thought
-
Business1 week agoStandard Life buys rival in £2b deal to create savings giant
-
Tech1 week agoCYBERUK ’26: UK lagging on legal protections for cyber pros | Computer Weekly
-
Fashion1 week agoRaymond unveils luxury Chairman’s Collection Store in Mumbai
-
Business1 week agoPepsiCo earnings beat estimates as North American food business improves