A Catalyst for Economic Development

Mopa International Airport

A Catalyst for Economic Development

Mopa International Airport

A Catalyst for Economic Development

Mopa International Airport

Mopa Airport

Introduction

Across the country, mega projects like Airports have been a key reason behind economic growth. These are the prime aspects of boosting tourism, hospitality, infrastructure, manufacturing, and trade throughout the cities. Mopa Airport is one such project that is all set to give North Goa a new face. Reportedly, in the year 2022, Goa witnessed a spike in the number of tourists both locals and foreigners.

This airport is expected to raise the bar by connecting the state with the rest of the world.This project is spread over an area of 2133 acres of land. Not only the airport, there will be massive hotel chains, real estate development, and commercial spaces too that will surround the area.

Across the country, mega projects like Airports have been a key reason behind economic growth. These are the prime aspects of boosting tourism, hospitality, infrastructure, manufacturing, and trade throughout the cities. Mopa Airport is one such project that is all set to give North Goa a new face. Reportedly, in the year 2022, Goa witnessed a spike in the number of tourists both locals and foreigners.

This airport is expected to raise the bar by connecting the state with the rest of the world. This project is spread over an area of 2133 acres of land. Not only the airport, there will be massive hotel chains, real estate development, and commercial spaces too that will surround the area.

Mopa Airport Goa will turn out to be a treat to the realty investors as there is a designated area for both commercial and residential spaces. According to the reports, 232 acres have been reserved for commercial development. Likewise, there will be healthcare centres, entertainment zones, logistic parks, cafes, etc. to embrace the premises. Let's take a look at the key essentials that will surround the Airport:

- Five-Star Hotel Chains: With a considerable upsurge in tourists, the airport will be surrounded by 5-star hotel chains. Reportedly, 1500 rooms will be ready in coming years that will accommodate approx. 3000 guests around the area

- Casino: A Casino is expected to open shortly in the new gaming zone near the airport. This will not only attract tourists but also, will embrace the interest of investors too for planning their investment in the northern region

- Shopping Complex: To attain the interest of both tourists and investors, a shopping mall and a plaza have been proposed. This will further enhance the investment opportunities

- Recreational Avenues: Tourists are quite fond of museums, recreational centres, and auditoriums. The airport will have each of them to increase the footfall in the location

- Conventional Centre: Reportedly, a conventional centre is expected to open soon that will be spread over an area of 50,000 sq. mt. with an accommodating capacity of 1000 delegates. This will ensure great footfall from across the world

Mopa International Airport is an exceptional destination for realty investors and tourists to enjoy the serenity and lifetime experiences in North Goa. The proximity to Panjim is 35 Km and Konkan region is 30 Km away from the Airport.

In the past, we have seen how mega projects such as airports have been instrumental in bringing in systematic, holistic, and fast economic growth in locations such as North Bangalore, Gurgaon, and other areas by cohesively linking infrastructure, manufacturing & trade and tourism & hospitality.

Once completed, the greenfield international airport at Mopa will shoot up property prices around the airport due to the strong demand for housing and resorts in North Goa’s hinterland belt. While real estate and rental yields particularly around Mopa, Arambol, Assagao and Siolim have already surged, a fresh spike is expected once the airport commences operations.

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An Upcoming

Hospitality Hotspot

In 2022, the total tourist inflow in Goa is set to reach almost 10 million, wherein 1 out of 5 tourists is a foreigner. The international tourism volume in Goa is set to jump by another 375% during this period. The MOPA airport will catapult hospitality and tourism in the region to new heights by seamlessly connecting with the rest of the world.

Nature’s Paradise

Less explored interiors are equally enthralling and are touted as nature’s paradise. It is known for beautiful green-capped hills, thick eco reserves, stunning mangrove forests and large natural lakes.

Beautiful Beaches

The North Goa and Konkan region is globally acclaimed for its vast seashores, beautiful palm beaches, turquoise oceans.

Concept tourism

A picturesque ambience defines North Goa’s popularity for concept-based tourism and as a wellness hub underlined by nature & eco resorts, spas & Ayurveda centres, lake resorts, spiritual retreats, and much more.

Hotels & Resorts

A large concentration of hotels are going to crop up around the Mopa region out of which 40% of the future pipelines would be 5 star hotels and equivalent percentages will be 3 star & budget hotels.

Mopa airport accelerates tourism

As we speak, test flights have been conducted at the MOPA project. It is expected that the airport will be functional by October. The INR 2300 Crore project with an initial annual capacity of 4.4 million will be the game changer in North Goa’s fortune. By seamlessly connecting the region with the globe, there will be a steep jump in tourist inflow.

Proximity to Main destinations

35 Kms (Panjim, North Goa), 100 Kms (South Goa), 30 Kms (Konkan region)
Airport development authority

GMR Goa International Airport Limited (GGIAL) is developing the International green field airport at Mopa.
Annual passenger capacity

When ready the annual passenger handling capacity of the new airport will be 4.4 Million
Future annual passenger capacity

The future annual passenger handling capacity of this new airport is expected to be 13.1 million people.
Phase wise passenger capacity

Phase 1 (4.4 Million), Phase 2 (5.8 Million), Phase 3 (9.4), Phase 4 (13.1 Million)
The Scope of Phase 1

Runways, passenger Facilities, taxiways, hangars, catering, parking space, and cargo.
Date of commencement

The first phase of this project is expected to start in 2022.
Total area of development

This airport will approximately cover 2133 acres of land
Expected real estate Development

An enormous land bank of mixed-use real estate development consisting of hotels, casinos, convention centers, malls & shopping complexes, and office spaces.

Mopa region

Turning Into A Gold Mine for Realty Investors

Goa’s hospitality sector is set to rise at a steady pace, steered by growth in the tourism industry. It is estimated that around 1500 new rooms will be concentrated around the MOPA airport region. 40% of the future pipelines would be 5 star hotels and equal percentages will be 3 star & budget hotels. The remaining would be concept-based ecotourism resorts.

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Lemon Tree hotel

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Hilton resort

In 2021, Hilton opened a new luxury resort in Candolim,... North Goa.Read More

Dec 06

MTDC - Taj hotels

Recently, Maharashtra Tourism Development Corporation... (MTDC) signed a deal with Taj hotels to develop a 5 –star property in Sindhudurg district.Read More

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Resort & convention center

Taj has recently opened a new resort and convention center... in Dona Paula, North Goa.Read More

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Sun Estates Resorts & Villas

Goa-based Sun Estates has acquired 15 acres of land at... Aarambol to develop luxury resorts and villas.Read More

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Axon’s mammoth project

Axon is launching a mixed development project spread... across 600 acres at Sasoli in partnership with Ess Vee Developers. The project is just a 15-min drive from the Mopa airport. Read More

A Bustling Commercial Campus near the Airport

MOPA airport will vitalize commercial developments in the vicinity. Under the master plan, 232 acres have been earmarked for commercial development. Casinos, shopping plazas, eco resorts & hotels, healthcare centers, warehouses, cold storages, logistic parks, aviation institute, cafes, office spaces and convention centres will all be a part of this development.

Hotel

New Hotel Inventory in Goa

In the coming time, close to 10% of the new hotel inventory in Goa will be situated near the MOPA site. This translates into ~ 1500 rooms (~ 3000 guest nights) by 2030. In terms of the total amount of investments, close to INR 2,700 Crores (USD 341 million at the current price) will be channelized in and around the MOPA region for tourism and hospitality development projects.

Casino

A glamorous upcoming casino

Delta Corp has been able to expand operations to include a new resort-casino complex near the Mopa airport in a new gaming zone. With the new airport at Mopa, it is expected that adding this resort-casino complex will only heighten the business and prestige of this location & simultaneously trigger an increased interest among investors towards this region.

Shopping

Retail Shopping Plaza

In terms of retail, a shopping plaza (primarily a factory outlet) and a mall has been proposed. The development of a bustling retail zone is slated to enhance the prospects of this region & attract a significant amount of interest on the property investment from both domestic & international quarters.

Facilities

State of the art facilities

Other proposed facilities include an auditorium (1500 sq. m.), cultural museum (400 sq. m), recreational club (900 sq. m). The fast-paced emergence of diverse recreational avenues is certain to act as a major catalyst that will drive momentum in sync with the growing footfall of tourists in this location.

Convention

Mammoth Sized Convention Centre

There will be a convention center spread across ~ 50,000 sq. mt. and a hosting capacity of ~ 1000 delegates. With rapid emergence of North Goa as an hub on the investment map, there will be a significant interest from companies & firms across different industry segments which will prefer this region for hosting corporate events such as seminars, annual general meetings, investor meets & much more.