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The plan to monetise 271 hectares of land around Dr Babasaheb Ambedkar International Airport in Nagpur has moved forward, with Mihan India Ltd initiating the process to appoint a consultant for preparing a development roadmap. The identified land comprises 122 hectares belonging to the Airports Authority of India and 149 hectares held by Maharashtra Airport Development Company. The proposed plan will assess opportunities for commercial, industrial, residential and aviation-linked development. The exercise comes alongside the airport's planned modernisation and could support new investment and infrastructure growth around the airport corridor.
The development strategy for land surrounding Nagpur's Dr Babasaheb Ambedkar International Airport is gaining momentum, with Mihan India Ltd moving towards appointing a consultant to determine how a 271-hectare city-side land parcel can be developed and monetised.
The identified land is separate from areas earmarked for airport operations and other existing commercial arrangements. Of the total parcel, 122 hectares are owned by the Airports Authority of India (AAI), while another 149 hectares belong to the Maharashtra Airport Development Company (MADC). The exercise is expected to establish an integrated development framework for the land rather than proceeding with isolated parcel-level development.
Mihan has invited consultancy firms to prepare the roadmap. The appointed agency will examine factors including market demand, connectivity, existing infrastructure and applicable land-use regulations before recommending an appropriate development strategy.
The potential uses being considered span several segments, including commercial, residential, industrial and aviation-related activities. This could create a sizeable development opportunity around the airport, particularly as improved aviation infrastructure is expected to increase demand for supporting real estate and services.
The land monetisation initiative follows the Union government's approval to extend the lease period of AAI land with Mihan. The extension brings the arrangement in line with the 30-year concession period granted to GMR Nagpur International Airport Ltd, which is responsible for operating and developing the airport.
The airport itself is undergoing a major modernisation programme aimed at substantially increasing passenger-handling capacity. The planned expansion is expected to raise annual capacity to around 30 million passengers, creating potential demand for hotels, offices, logistics facilities, retail and other airport-oriented businesses in the surrounding area.
For Nagpur's real estate market, the availability of a large development tract close to an expanding airport could create opportunities across multiple property categories. Commercial developers could look at offices and business facilities, while hospitality operators may find scope for hotels and short-stay accommodation. Industrial and logistics uses could also benefit from proximity to an international airport and the city's wider road and rail connectivity.
However, the monetisation process will depend on the development framework eventually recommended by the appointed consultant. Issues such as land-use permissions, infrastructure capacity, access roads, utility networks and the sequencing of development will need to be assessed before large-scale projects can be taken forward.
The separation of the 271-hectare parcel from land reserved for airport operations is also significant. Around 900 hectares remain designated for airport-related activities, while another 100 hectares have already been allotted to GMR for commercial development. This distinction allows the proposed monetisation programme to focus on city-side development without directly affecting land required for core aviation functions.
The initiative could therefore become an important component of Nagpur's next phase of urban and economic expansion. If the proposed development is planned alongside the airport's capacity enhancement, the surrounding land could support a broader ecosystem of businesses and services.
For Mihan, the immediate priority is completing the consultancy process and establishing a commercially viable land-use strategy. The eventual implementation model will determine how quickly the identified land can translate into investment, development activity and new economic opportunities around Nagpur's airport corridor.
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