India, Oct. 7 -- Prime Minister Narendra Modi is set to inaugurate the Navi Mumbai International Airport on October 8. Homebuyers with a budget under Rs.1 crore have several promising options in nearby areas, including Taloja, Ulwe, Panvel, and Dronagiri

As the Navi Mumbai International Airport (NMIA) gears up for its inauguration by Prime Minister Narendra Modi on October 8, real estate activity in the surrounding micro-markets has picked up. Nearly three decades in the making, the airport is expected to be a major catalyst for commercial and residential growth in the region.

Industry experts say the areas around the upcoming airport remain among the few pockets in the Mumbai Metropolitan Region (MMR) where homebuyers can still purchas...