Mopa Airport is likely to draw about Rs 2,700 crore of investments from builders and hoteliers until 2030 as the upcoming North Goa Aviation gateway becomes the transport hub replacing Dabolim.
These investments will be directed toward the Mopa region in the state’s extreme north where the new airport is based. The funds will be used to build luxury hotels, eco hotels, nature and wellness resorts, and homestays.
As per reports by Axon Developers, 38% of the investments will be used on land acquisition while the remaining will be directed toward construction and other costs. Already the market has started showing signs of picking up with big projects underway by major hospitality players such as Taj, Lemon Tree and Hilton
In Sasoli just adjacent to the airport area, Axon is also launching a 600-acre mixed-use project in partnership with Ess Vee Developers. “The Mopa airport will bring the spotlight to the less explored beauty of the Konkan region. With calm and serene weather, plenty of lush greenery, beautiful hills and panoramic,” said Ankit Kansal, MD & Founder Axon Developers.
There is already a positive impact on real estate projects in both Goa and Maharashtra. Many new projects have been announced. Land prices have started to appreciate and even rentals yields have improved.
South Goa’s Dabolim Airport is a naval facility has limited slots for civilian flights, putting constraints on air connectivity to the tiny state that has some of the most astounding beaches in Asia. With the MOPA airport addition, air connectivity with new domestic and international destinations will improve substantially by 2023.
