Airport lights up hope for infra & realty growth in city, Raigad
More people are expected to shift into areas close to the airport, thereby increasing the demand for new houses
Jan 31, 2015
Source : The Times of India

 

Navi Mumbai: The new international airport project has mapped out a growth path for the city and the neighbouring district of Raigad.

The two-leg development of the around Rs 15,000-crore project will ensure more construction activities and development of infrastructure. More people are expected to shift into areas close to the airport, thereby increasing the demand for new houses. This apart, the airport project is expected to provide a fillip to the hospitality industry. Hotels, targeting primarily overseas tourists and airline crew, are likely to come up in the vicinity.


"All these development activities will ensure more tax revenue," said joint sales tax commissioner (Raigad division), Sunil Sangle. 

The Raigad division of sales tax department has been overachieving its target. Its performance has been consistent except for the 2012-13 fiscal, when the shortfall was a minimal Rs 18 crore. 

"During the 2014-15 fiscal, the division will certainly exceed its target. We hope the trend will continue in future keeping in view of the development activities going on in the region," said Sangle. 

It's a huge division that stretches from the Navi Mumbai Municipal Corporation (NMMC) area of Dighe onwards to the entire Raigad district. The district contours start from Kharghar onwards. 

"The Jawaharlal Nehru Port Trust (JNPT), Patalganga and Rasayani chemical hub together with the Trans-Thane Creek (TTC) industrial estate in NMMC area are trade, commerce and industrial hubs that contribute tax revenue and help enrich state coffers," said Sangle. 

As the airport nears completion, more hotels and houses will be built, which, in turn, will lead to collection of tax from work contracts and also raw materials purchased within the division. "This will contribute to our collection," added Sangle. 

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