and get access to exclusive content
Explore Aurum kuberx Click here to explore
As the Navi Mumbai International Airport (NMIA) inches closer to operational status—expected just after May 15, a quiet transformation is underway in the surrounding landscape. Surprisingly, it's not just developers or corporate honchos driving interest—it’s the aviation community, especially pilots, who are now among the most serious investors in the area's upcoming luxury real estate.
Meet Daniel Pinto (name changed), a seasoned commercial pilot residing in Mumbai’s bustling western suburbs. Recently, he made a strategic move—investing ₹4 crore in a luxury villa in Chouk, a serene enclave just 45 minutes from the upcoming Navi Mumbai Airport.
“When I became a pilot, I had the chance to buy property in Juhu,” Pinto shares. “But I dismissed it. Now, with NMIA on the horizon, I see an opportunity not just for myself, but also for my son, who’s also a pilot.”
Daniel’s story isn’t unique. A growing number of pilots—especially those nearing retirement—are shifting their gaze eastward, toward Navi Mumbai, seeking long-term value, convenience, and a better return on investment.
Chouk, once a lesser-known locality, is now seeing a wave of plotted developments and villa projects, priced significantly lower than prime Mumbai locales. Land starts at ₹4,000 per sq ft, while ready-to-move luxury villas command between ₹10,000 to ₹11,000 per sq ft.
According to Ashok Chhajer, CMD of Arihant Superstructures:
“Our villa project in Chouk recently closed a deal with a pilot who saw clear value—what would cost ₹15–20 crore near Mumbai airport is available here for a fraction of the price.”
He adds that while pilots make up around 5% of their enquiries, there's growing interest from industrialists and senior executives as well.
The appeal of NMIA goes beyond aviation professionals. Developers have noted that buyers from west Pune—who frequently travel to Mumbai—are also investing in the area.
Raajesh Prajapati, Founder-President of MCHI-CREDAI Raigad, emphasizes this cross-city appeal:
“The airport’s location, almost midway between Mumbai and Pune, offers convenience for dual-city commuters. We're seeing consistent investment from Pune-based business owners.”
This makes Navi Mumbai not just a residential haven for pilots, but a strategic midpoint for cross-city professionals and families seeking better air connectivity.
Backed by Adani Airport Holdings Ltd and
News, Infographics, Blogs & More! Delivered to your inbox.