By Ectionsnavi Mumbai Internation
Copyright indiatimes
Navi Mumbai International Airport (NMIAL) has taken 405 flats at Panvel in the Mumbai Metropolitan Region from real estate firm Wadhwa Group for people working at the upcoming airport. The new airport is likely to be inaugurated next month. NMIAL has signed a Memorandum of Understanding (MoU) with The Wadhwa Group to secure 405 ready-to-move-in flats on a “leave and license” basis in its township ‘Wadhwa Wise City’ at Panvel for airport personnel and families from October 2025, the real estate company said in a statement on Wednesday. A leave and license agreement is a legal document that allows a property owner (licensor) to grant temporary usage rights of their property to another party (licensee) without transferring ownership. Sandeep Sonthalia, CEO of The Wadhwa Group, said, “The opening of the Navi Mumbai International Airport is a monumental event for the region. We are witnessing an uptake in demand for apartments, bungalows and plots and are thrilled to partner with NMIAL to address this need.” Live EventsAdd as a Reliable and Trusted News Source Add Now!
Wadhwa Group has developed many housing and commercial projects in the Mumbai Metropolitan Region.(You can now subscribe to our Economic Times WhatsApp channel)
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onNavi Mumbai International AirportWadhwa GroupMumbai Metropolitan Region405 flatsreal estateairport personnel housingleave and license agreementWadhwa Wise City(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
