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Upcoming Airports That Will Be A Game Changer For ReIn a report by global consultancy and research firm Centre for Asia Pacific Aviation (CAPA), India's aviation industry will become the third-largest market in the world with regards to departures by 2019, and job creation by 2027. The report also focuses on the apparent saturation likely in existing airports in metro cities and the need to deploy more capacity in Tier-II cities. To welcome the new flyers, the government is developing 100 airports across various locations in the country.
Civilian Flights To Take Off From Hindon Airport; ToStarting of regional flights from the Hindon Airbase, under the regional connectivity scheme (RCS), has been given a clearance by the UP government. Officials are in the process of acquiring land belonging to farmers in the neighbouring Sikandarpur village for the development of passenger facilities. Development of Hindon airbase will not only provide improved regional air connectivity but also boost real estate developments in the neighbouring localities of Ghaziabad and East Delhi.
What Makes IGI India's Most Successful Transit InfraDelhi's Indira Gandhi International Airport is now among the top 20 busiest airports in the world with a yearly traffic of 63 million. To keep up with the growing footfall and serve the flyers better Delhi International Airport Ltd is planning to expand the existing terminals. Also, the Delhi Metro will be expanding its services to the Terminal 1 through the Magenta Line which would be fully operational by the end of April.
City Beat: Property Absorption In Mumbai Grows In Q2According to a PropTiger DataLabs report for the second quarter of the financial year 2016-17, Mumbai, Pune and Bengaluru contributed nearly 58 per cent to the total absorption across nine major cities of the country.
Likely Risks If You Live Near An AirportInvesting in a perfect location may help you reap gains but it is advisable to take note of governmental sanctions and health hazards before you park your money.