Airport Project
Since the Hyderabad-based group GVK holds the first right of refusal for the development of the proposed airport in Navi Mumbai, as it is already operating the Mumbai International Airport, it will bid aggressively for the upcoming project in the aviation sector. Apart from GVK, other players in the infrastructure space including Larsen & Toubro and Reliance Infrastructure are also said to be interested in bidding for the project. In the prevailing scenario if GVK's bid falls short of the highest bid by 10% or less, it will have the right to revise its offer to match the top bid to operate the airport.

In this connection, the Maharashtra government has recently approved a feasibility study for an alternate site for the airport, which will be conducted on an island located 1.5-2 km from Panvel Creek, after locals resisted its land acquisition drive. However, this hasn't put brakes on the plans as the government still continues to negotiate with the resenting villagers. CIDCO has already acquired about 1,570 hectares of the total 2,268 hectares required for the airport project. About, 671 hectares of private land, coming under the boundaries of villages like Pargaon, Dungi, Kohli, Ovla, Upper Ovla, are still to be acquired and government is going all out to take control of the requisite land stretches. The first phase of the Rs. 14,574cr Navi Mumbai airport project, which was first put on paper 27 years ago, is expected to be completed by the end of 2017, if the remaining 671 hectares of private land is acquired by the government without major glitches.