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MMR Real Estate: Navi Mumbai International Airport Expected To Push Khopoli Into The Spotlight
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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.
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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
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UK retail sales returned to growth last month as they were pushed higher by motorists stocking up on fuel as prices shot higher because of the Iran war, according to official figures.
The Office for National Statistics (ONS) said the total volume of retail sales, which measures the quantity bought, rose by 0.7% in March.
It compared with a 0.6% fall in February, which was revised slightly lower.
The latest reading was also stronger than expected, with economists having predicted a 0.1% dip for the month.
Statisticians said March’s increase was particularly driven by a spike in demand for fuel, which saw sales volumes jump by 6.1% for the month, the highest level since April 2021.
They indicated that this was especially linked to a short period, of less than a week, of particularly elevated sales as unfolding geopolitical events in the Middle East caused a significant rise in prices at the pump.
The value of sales, the amount of money spent, for fuel was up 11.6% amid the jump in petrol and diesel prices.
Recent data from the RAC shows that petrol prices have risen by 18.5% to 157.34 pence per litre, as recorded on Wednesday.
Meanwhile, diesel is up 33.4% to an average of 189.88 pence per litre.
Elsewhere, clothing stores also had a strong month, with sales volumes across the category rising by 1.2% in March amid a boost from better weather conditions.
Technology retailers also saw sales grow after they benefited from new products launches.
However, food sales were weaker, slipping by 0.8% for the month.
The ONS said overall retail sales volumes are up 1.6% for the first three months of 2026, as the industry was also supported by positive growth in January.
ONS senior statistician Hannah Finselbach said: “Retail sales rose in the three months to March, with commercial art galleries doing well earlier in the quarter and sales in beauty products stores rising as retailers reported launching new collections.
“Motor fuel sales were up on the quarter, with retailers commenting that many motorists had been filling up their tanks in March following the start of conflict in the Middle East.”
Elliott Jordan-Doak, senior UK economist at Pantheon Macroeconomics, said: “The first batch of hard data on consumers’ spending since the start of the Iran war was better than expected.
“Granted, stocking up on motor fuels drove headline sales higher, but even excluding petrol retail sales volumes nudged up showing that households largely brushed off the initial shock of higher energy prices.”
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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00
The stock is in structural up trend forming higher high and higher low in all time frame signaling strength and continuation of the uptrend. The entire up move of the last 8 months is in a rising channel as can be seen in the chart highlighting sustained demand at an elevated level.On the smaller time frame, the stock is at the cusp of generating a breakout above the bullish Flag like formation as post a sharp up move in the first 3 weeks of April the stock went into a consolidation phase in the last four sessions. It is seen resuming up move and is at the cusp of generating a breakout above the bullish Flag formation highlighting continuation of the up move and offers fresh entry opportunity.We expect the stock to extend the up move and head towards 495 levels in the coming months being the confluence of the 123.6% external retracement of the previous decline 473 – 400 and the upper band of the rising channel of the last 8 months.Colgate-Palmolive (India)Buy in the range of 2120-2160
The share price of Colgate-Palmolive has generated a breakout above bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.We expect the stock to head higher towards 2330 levels in the coming months being the measuring implication of the bullish flag breakout.The daily 14 periods RSI is in buy mode thus supports the positive bias in the stock.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
A memo from Michael Kratsios says firms, mainly in China, are wrongfully distilling US AI models.
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