First Commercial Flight from Navi Mumbai Airport Brings Hope and Worry to Local Residents

The launch of the first commercial flight from Navi Mumbai International Airport has marked a major milestone, but it has also brought mixed feelings among residents of Ulwe and nearby areas. As the aircraft flew low over buildings, many people stopped to watch, realising that the long-awaited airport is now a reality.

While residents accept that aircraft noise will become a part of everyday life, bigger concerns are emerging around rising rents and property prices. Tenants worry that housing will soon become unaffordable, while property owners and investors expect prices to increase further.

Ulwe, which developed from small villages of the Koli fishing and farming community, has changed rapidly in recent years. Its coastal location and proximity to major infrastructure projects have pushed steady growth in real estate prices. The airport becoming operational is being seen as a turning point for the area.

Ulwe already enjoys good road connectivity to Belapur, Seawoods Estate, Panvel Creek and Jawaharlal Nehru Port. At present, travel to South Mumbai or Bandra Kurla Complex takes around one to two hours, depending on traffic. This is expected to improve significantly once the Mumbai Trans Harbour Link (MTHL) is fully operational, reducing travel time to about 30–60 minutes.

Improved connectivity is already influencing property rates. Areas such as Ulwe, Panvel and Kharghar are seeing increased interest from developers and investors. In the Navi Mumbai Airport Influence Notified Area (NAINA), land prices currently range between ₹5 lakh and ₹25 lakh per guntha, reflecting strong market confidence.

Further boosting the region is the state government’s proposed 667-acre Aerocity near the airport. The project is planned as a mixed-use hub with offices, hotels, hospitals, schools, housing, warehouses and entertainment facilities. Experts believe this development will strengthen job opportunities and long-term growth.

Property prices across Navi Mumbai, especially in Panvel, are expected to rise by 5–15% following the airport’s opening. Currently, prices range from ₹6,500 to ₹10,500 per sq ft, but could increase to ₹12,500–₹15,000 per sq ft in the coming years.

For renters, however, the changes bring uncertainty. While better infrastructure and jobs promise long-term benefits, many fear being forced to move due to rising living costs.

The first flight from Navi Mumbai Airport has thus become a symbol of progress as well as concern. As connectivity improves and development accelerates, Navi Mumbai’s real estate landscape is set for major change.

Disclaimer: Property prices and projections are indicative and subject to market risks. Readers are advised to take informed financial decisions and consult experts where necessary.