NAINA – the only hope for affordable homes in Navi Mumbai

Navi Mumbaikars' hope for affordable housing is not going to end any time soon. Despite Navi Mumbai Airport Influence Notified Area (NAINA) emerging as the new hotspot for affordable homes, the demand is not likely to be met soon.

NAINA township, which will take at least a decade to come up, will be biggest supplier of affordable homes, believe several developers from Navi Mumbai.

Though the upcoming Navi Mumbai International Airport (NMIA) has been conceived to lessen the pressure on Mumbai airport, it is seen as a major infrastructure development project which will not only be limited to Navi Mumbai.

In fact, the international airport will be catalyst of the emerging new modern city in its proximity. It is claimed that the emerging new city will be bigger and better equipped with modern facilities than Mumbai and its suburbs.

Ashok Chaajer, chairman of Arihant Superstructures Ltd, said, "NAINA will be the biggest supplier of residential units in the years to come. The way Cidco has planned the NAINA as a smart city, it will bigger and will have better facilities than Navi Mumbai." He added that within the range of Rs25 lakh, one BHK flat will be available in NAINA.

City and Industrial Development Corporation, which is the special planning authority (SPA) for NAINA, has already planned to develop a modern township in 25km radius of the upcoming international airport. In the first phase, the SPA will develop 23 villages in Panvel tehsil as pilot project.

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 MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.