The City and Industrial Development Corporation of Maharashtra (CIDCO) has kicked off the process of developing an aerocity abutting Navi Mumbai International Airport.
As airports serve as an engine to boost economy, the aerocity will be a commercial and residential district on its southern side spread over around 300 ha.
From financial services and corporate offices to residential and entertainment centres, hotels, hospitals, schools and export-oriented services to aero-centric warehousing, the aerocity will accommodate and offer a range of activities and facilities.
In all, 400 lakh sq ft will be developed as part of the plan, including well-designed roads, Metro lines and automated waste collection systems.
The land acquisition is complete, and the project has been divided into four packets. International consultants have been appointed for techno-economic feasibility, marketing assessment, and so on.
Aerocities around the world are built with a focus on a particular sector while some serve as transit destinations. The sectors may range from financial to cargo services or aero-centric activities.
To enable conducive urban design form and make the aerocity a benchmark for development in the country, it will be developed with a global floor space index. The Navi Mumbai aerocity will also offer a central command-and-control operation to manage all utilities.
The concept plan has been finalised and a detailed master plan along with a detailed design of the facilities will be taken up shortly.
CIDCO looks at ensuring development of the aerocity in sync with completion of the international airport and Mumbai Trans-Harbour link. It has initiated promotion of the project to create awareness among prospective firms about the benefits of locating their businesses in it.