Southern-based actual property developer Olive Group has introduced its re-entry into the Mumbai Metropolitan Area (MMR) to capitalize on the expansion alternatives of the proposed Navi Mumbai Airport Affect Notification Space (NAINA) close to the Navi Mumbai Worldwide Airport in Navi Mumbai.
The developer, which relies in Kerala, Bengaluru and Tamil Nadu and has delivered over 47 million sq ft of residential and hospitality initiatives, has a deliberate growth pipeline of over 1 billion sq ft throughout MMR.
The brand new give attention to the area marks a shift after a number of years by which the corporate’s development was primarily concentrated in southern India.
“We’re bullish on Navi Mumbai as a result of it’s considered one of India’s quickest rising city markets, with an unprecedented convergence of planning, coverage and infrastructure. Over the previous 4 a long time, I’ve seen how cities broaden incrementally and sometimes in a chaotic method,” stated PV Mathai, Chairman and Managing Director, Olive Group.
“What units the NAINA area aside is the alignment of public funding, regulatory planning and implementation timelines,” he stated.
Dr Mathai pointed to the dimensions of public capital being invested on this hall.
“Tens of billions in public funding have already been injected into the NAINA zone by deliberate socio-economic infrastructure comparable to worldwide airports, metro connections, expressways, freeway networks, public works, IT and logistics parks. This degree of concerted funding usually unfolds over a long time, however right here it has been compressed right into a single development cycle,” he stated.
Navi Mumbai Worldwide Airport, one of many nation’s largest greenfield infrastructure initiatives, will likely be commissioned in phases and is anticipated to have the ability to deal with as much as 90 million passengers yearly as soon as absolutely developed. In parallel to the airport, investments in transport infrastructure, public works, logistics amenities and social infrastructure are additionally underway, all deliberate inside the NAINA framework.
Based on Dr Mathai, the dimensions of this growth will change the way in which the realm is conceptualized. “The realm is deliberate not as an extension of Mumbai however as a city-scale financial ecosystem. Housing, employment, mobility and social infrastructure are being designed collectively, which is a rarity in city growth in India,” he stated.
He added that such changes can even change the function builders play. “In an surroundings like this, we now have the chance to take part in shaping a sustainable city district reasonably than constructing remoted initiatives. That’s the lens by which we consider Navi Mumbai: not as a short-term actual property technique, however as a long-term city growth alternative,” he stated.
Olive Group plans to develop roughly 5 million sq. toes within the airport influence zone over the following 5 years.
The enlargement is anticipated to be carried out by a mixture of latest housing developments and joint ventures, with challenge launches aligned with infrastructure preparation and market uptake.
Olive Group director Varghese Mathew stated of the group’s historic ties to the area: “The present re-entry is pushed by a essentially completely different city context.”
“Our actual property journey started in Navi Mumbai with greater than 20 initiatives within the early Nineteen Nineties, when Navi Mumbai was nonetheless discovering its id. What brings us again to MMR in the present day shouldn’t be nostalgia however the emergence of radically completely different city alternatives. NAINA shouldn’t be about including buildings to town. It’s about planning town earlier than it’s constructed,” he stated.
“In most Indian cities, builders need to take care of issues that exist already, comparable to congestion, lack of open house and harassed public amenities. NAINA permits us to reverse that equation. It creates a possibility to construct built-in life-style districts the place housing, entry to jobs, neighborhood infrastructure and open house are deliberate collectively,” he added.
issued – January 16, 2026 10:23 PM IST
