India stands at the cusp of a significant aviation transformation, marked by the strategic establishment of 14 new airports nationwide in the near future. This ambitious initiative undertaken by the Indian government is a move to display the country's dedication to fostering economic advancement, bolstering connectivity, and promoting tourism.?
Without further ado, let¡¯s take a look at new and upcoming airports:
The government of the state of Madhya Pradesh has proposed the creation of an international greenfield airport near Ujjain. A vast land area of 10,000 acres, situated between Dewas and Ujjain, has been earmarked for this project. The acquisition of this extensive land is poised to facilitate the development of a cutting-edge airport, underscoring the government's dedication to advancing air travel infrastructure.
Acknowledging the increasing appeal of Minicoy Island as a tourist hotspot, the Indian government has strategically opted to establish a new airport on the island. While Agatti Airport currently serves the island, the escalating tourism demands have prompted the need for a new airport. Alongside this, there are plans to expand the existing Agatti Island Airport. The envisioned Minicoy Airport is designed to have a dual function, serving both civilian and military air traffic. Anticipated operations encompass military planes, fighter jets, and commercial aircraft, reinforcing its overall significance.
It is supposed to be the country's largest airport with 6 runways and a capacity to accommodate twelve million passengers annually.
Estimated Cost Of Construction: Rs 29,650 crore.
Estimated Cost Of Construction: Rs 153 crore
Estimated Cost Of Construction: Rs 2000 Crore
Estimated Cost Of Construction: Rs 16,700 crores
Estimated Cost Of Construction: Rs 100 Crore
This is another low-budget airport under the UDAN regional connectivity initiative.
Estimated Cost Of Construction: Rs 50 Crore
Constructed through a collaborative effort between TIDCO (Tamil Nadu Industrial Development Corporation) and AAI (Airports Authority of India), the new airport aims to alleviate congestion issues experienced at the existing Chennai airport. This joint initiative underscores a strategic approach to address the growing demands on air travel infrastructure in the region and enhance overall operational efficiency.
Estimated Cost Of Construction: Rs 1,500 Crores
Telangana government had planned to revive the airport in 2020. This airport also falls under the UDAN scheme. It will be built on 253 acres of land.
Estimated Cost Of Construction: Rs 75 crore
Another upcoming greenfield airport, it will be built 45 kms away from Visakhapatnam. It will be developed in two phases and will handle international and domestic travellers along with cargo.?
Estimated Cost Of Construction: Rs 4592 crore.
Estimated Cost Of Construction: Rs 162 crore.
The green light has been given for the establishment of a new greenfield airport in Kota, Rajasthan. The approval includes the allocation of 466.59 acres of forest land for the construction of this airport. This significant development signals a strategic move to expand aviation infrastructure in the region and is accompanied by the necessary authorization for the use of specific forested areas for this purpose.
Estimated Cost Of Construction: 120 crore
A new airport featuring heliport facilities, designated for both civil and Indian Air Force use, is set to be established at two identified locations in the southern part of Mizoram. Simultaneously, the Lengpui Airport is slated for an upgrade with a project cost of Rs 19.50 crore under NESIDS (North Eastern Special Infrastructure Development Scheme).
Anticipated to significantly influence India's real estate sector, upcoming aviation projects are poised to enhance connectivity to tier II and III cities. Ongoing infrastructure improvements are likely to drive up property values in the vicinity. Moreover, the expected surge in tourism is projected to create demand for hospitality-related real estate, including hotels and resorts, contributing substantially to regional economic expansion.
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