India, Aug. 19 -- As Navi Mumbai International Airport (NMIA) prepares to go operational in September, the state government has fast-tracked plans for a 667-acre Aerocity near the airport. The City and Industrial Development Corporation (CIDCO) has initiated the process of appointing a consultant to draft the Master Plan, which will allocate around 123 acres each for residential, commercial, and retail developments.

CIDCO officials said a techno-economic feasibility study will be undertaken for commercial, retail, residential, industrial, and mixed-use projects, each spanning over 120 acres.

"The Navi Mumbai Airport is going to be one of the major value additions to Mumbai Metropolitan Region (MMR) and will form an invaluable asset to t...