Charters, Udan flights choking Mumbai airport; MIAL may shift general aviation to Navi Mumbai once the airport is ready
The total project cost has been pegged at Rs 14,500 crore.
Adani said he expected the number of flyers in the country to grow five-fold, which means India would require 200 additional airports to handle over 1 billion domestic and international passengers across the tier-1, -2 and -3 cities.
What made the tide turn in favour of the Adani group was the Covid-19 pandemic, which shut down airports the world over, including Mumbai. There was no cash flow and the firm started defaulting on salaries July onwards.
India's housing market has remained resilient this festival season (Dussehra-Diwali period), despite global macroeconomic challenges, tech-sector layoffs, and affordability pressures, with developers reporting 10-25 per cent year-on-year (Y-o-Y) rise in home sales across major cities.
World champions Amanjot and Harleen get grand welcome in Chandigarh
Everything you need to know about Coldplay's concert at Navi Mumbai's DY Patil Stadium on January 18, 19 and 21.
'In any aviation emergency, the first rule is aviate -- fly the aircraft.' 'The fact that the commander's voice is not on the recording simply means he was focused entirely on flying. It does not imply anything more than that.'
Modi, who has infused personal chemistry in his international encounters, has made the special gesture of receiving a foreign leader at the airport only six times.
The Congress party extends best wishes to the newly-elected Vice President of India, C P Radhakrishnan, while recalling the words of the first Vice President, Sarvepalli Radhakrishnan, on the importance of free criticism in a democracy.
'The speed at which an aircraft lands or takes off, even a single object can work as a bullet.'
Last week, when the Builders Association of Navi Mumbai organised a property exhibition, they were taken by surprise when 200,000 visitors turned up for the four-day event.
Billionaire Gautam Adani's Adani group on Monday said it has reached an agreement to acquire GVK group's shareholding and control of Mumbai airport.
So far, carcasses of 32 flamingos have been recovered from Ghatkopar area, the police said.
The company's comments came a day after Gandhi alleged in Lok Sabha that 'Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India'.
As the fate of the Maharashtra government hangs in balance, the state cabinet on Wednesday approved the renaming of Aurangabad city as Sambhajinagar, and that of Osmanabad city as Dharashiv.
And learn what not to do from the so far jinxed Navi Mumbai International Airport.
Names and names and names and names... 329 in all. Some Indian. Some Canadian. Some British. Berry. Gupta. Jain. James. Bhatt. Beauchesne. Chatlani. Enayati. Lougheed.... Vaihayasi Pande Daniel visits Ahakista, Ireland, home to the memorial for the worst terrorist atrocity in India's history.
The process of acquiring land for Mumbai's second international airport, to be build in Navi Mumbai, has kickstarted. The phase wise development plan too has been rolled out.
"It happens. It's part of our lives," retired Indian Navy commander B K Verma who has returned from Qatar says with stoicism while talking about his daughter's wedding that he could not attend.
In 2012, Knight Frank estimated that prices in Ulwe grow by 50% in three years.
A total of 1,160 hectares are proposed for the airport project of which mangroves are currently spread over 110 hectares.
A series of mega projects that have faced bottlenecks and which the Cabinet Committee on Investments has to clear.
The Adanis', which already has won the bids to run six Airport Authority-built non-metro airports in Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangalore, bid to enter the country's second busiest airport by buying out Bid Services Division Mauritius from MIAL was stalled after GVK chose to exercise its first right of refusal, and matched the Rs 1,248-crore offer that the Adanis made to the Bidvest in March.
While the Navi Mumbai airport project has been cleared for take off, two other big-ticket projects in Maharashtra - a cargo hub in Nagpur and an international airport at Rajgurunagar near Pune - are grounded because of delays in land acquisition.
They were asked to wait for 72 hours, but the deadline passed on Sunday and the wait seems endless.
The International Civil Aviation Organisation has given clearance for building a second airport in Mumbai, Civil Aviation Minister Praful Patel said on Tuesday.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
The Adani group has said it will have a capital expenditure of Rs 1.1 trillion in 2025-26 as against this financial year's Rs 92,000 crore, with a focus on core energy and infrastructure. Expenditure will be financed through an internal cash generation of Rs 60,000 crore, and the rest will be raised via equity and debt, according to senior officials.
A week after the devastating Air India plane crash in Ahmedabad claimed 270 lives, investigators on Thursday continued to sift for clues to ascertain the cause, while the government said the Aircraft Accident Investigation Bureau will decide where to decode the black box of the ill-fated Dreamliner.
Prime Minister Narendra Modi on Friday inaugurated the Rs 17,840 crore Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, the longest bridge as well as the longest sea bridge in the country connecting south Mumbai with Nhava-Sheva in Navi Mumbai.
Hyderabad-based diversified infra group GVK is likely to finalise stake dilution in its airport business over the next couple of months and the proceeds will be used to clear Rs 2,500-crore (Rs 25 billion) non-operational debt.
A native of Mandangad in coastal Ratnagiri district, the Songhare family had moved to Mumbai for work and shifted to Dombivli two years ago.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
Real estate development on Mumbai airport land and the work on Navi Mumbai airport have been inordinately delayed, which have prompted rating downgrades and raised questions on its financial capabilities. It is also trying to stave off Adani group's entry as a shareholder in the Mumbai airport project.
Experts are divides on whether a new international airport should be developed at Greater Noida.
Eknath Shinde, a former auto-rickshaw driver, has emerged as a key leader in Maharashtra, culminating in his appointment as Deputy Chief Minister. His journey from a Shiv Sena rebel to a dominant figure in the state's politics is a testament to his resilience and political acumen. He gained popularity for his pro-people stance and his contributions to infrastructure projects and social welfare schemes, solidifying his position as a powerful player in the Mahayuti alliance.
The plane, which took off from Jeddah around 11 am IST, landed in Mumbai at 3.15 pm, an official said.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
The trails of mega-mergers, tailwinds of expanding fleets, flights and airports will dot the fast-growing Indian aviation firmament in 2025, though the dark clouds of supply chain woes will persist longer. Also, new airline takeoffs, the future trajectory of revised norms to tackle pilot fatigue and efforts to reduce carbon emissions will be on the radar.
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