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By:

Bhalchandra Chorghade

11 August 2025 at 1:54:18 pm

NMIA set for commercial take-off on December 25

Long-term expansion plans take shape Mumbai: Even as long-term expansion plans gather momentum, Navi Mumbai International Airport (NMIA) is preparing to mark a defining milestone with the commencement of commercial operations from December 25, 2025. Sources familiar with the development confirmed that the first flight is scheduled to land at NMIA at around 8.30 am from Bengaluru, operated by IndiGo. The same aircraft will subsequently depart for Delhi, symbolically placing the greenfield...

NMIA set for commercial take-off on December 25

Long-term expansion plans take shape Mumbai: Even as long-term expansion plans gather momentum, Navi Mumbai International Airport (NMIA) is preparing to mark a defining milestone with the commencement of commercial operations from December 25, 2025. Sources familiar with the development confirmed that the first flight is scheduled to land at NMIA at around 8.30 am from Bengaluru, operated by IndiGo. The same aircraft will subsequently depart for Delhi, symbolically placing the greenfield airport on India’s aviation map and formally integrating it into the country’s busiest air corridors. This operational launch comes at a time when the City and Industrial Development Corporation (CIDCO), the project’s nodal planning authority, has initiated the process to appoint a consultant for conducting a geotechnical feasibility study for a proposed third runway at NMIA. The parallel movement of near-term operational readiness and long-term capacity planning underlines the strategic importance of the airport, not just as a secondary facility to Mumbai, but as a future aviation hub in its own right. The December 25 launch date carries significance beyond symbolism. NMIA has been envisioned for over two decades as a critical solution to the capacity constraints at Chhatrapati Shivaji Maharaj International Airport (CSMIA), which operates close to saturation. With limited scope for further expansion at Mumbai’s existing airport, NMIA’s entry into operations is expected to ease congestion, rationalise flight schedules and improve overall passenger experience across the Mumbai Metropolitan Region (MMR). Modest Operations Initial operations are expected to be modest, focusing on select domestic routes, with Bengaluru and Delhi being logical starting points given their high passenger volumes and strong business connectivity with Mumbai and Navi Mumbai. Aviation experts note that starting with trunk routes allows operators and airport systems to stabilise operations, fine-tune processes and gradually scale up capacity. IndiGo’s choice as the first operator also reflects the airline’s dominant market share and its strategy of early-mover advantage at new airports. While NMIA’s first phase includes two runways, the initiation of a geotechnical feasibility study for a third runway highlights planners’ expectations of robust long-term demand. CIDCO’s move to appoint a consultant at this early stage suggests that authorities are keen to future-proof the airport, learning from the capacity limitations faced by CSMIA. A third runway, if found technically and environmentally feasible, would significantly enhance NMIA’s ability to handle peak-hour traffic, support parallel operations and attract international long-haul flights over time. The feasibility study will play a critical role in determining soil conditions, land stability, construction challenges and environmental sensitivities, particularly given Navi Mumbai’s complex terrain and proximity to mangroves and water bodies. Experts point out that such studies are essential to avoid cost overruns and execution delays, which have historically plagued large infrastructure projects in the region. From an economic perspective, the operationalisation of NMIA is expected to act as a catalyst for growth across Navi Mumbai and adjoining regions. Improved air connectivity is likely to boost commercial real estate, logistics parks, hospitality and tourism, while also strengthening the case for ancillary infrastructure such as metro lines, road corridors and airport-linked business districts. The timing of the airport’s opening also aligns with broader infrastructure upgrades underway in the MMR, including new highways and rail connectivity, which could amplify NMIA’s impact. However, challenges remain. Smooth coordination between airlines, ground handling agencies, security forces and air traffic control will be critical during the initial phase. Any operational hiccups could affect public perception of the new airport, making the first few weeks crucial. Additionally, the transition of flights from CSMIA to NMIA will need careful calibration to ensure passenger convenience and airline viability. As NMIA prepares to welcome its first aircraft on December 25, the simultaneous push towards planning a third runway signals a clear message: the airport is not just opening for today’s needs, but is being positioned to serve the region’s aviation demands for decades to come.

Successful investing requires patience

Updated: Oct 21, 2024

Successful investing requires patience

As the aroma of freshly steamed Modaks fills homes during the festive season, this humble sweet offers more than just a delectable treat. My mouth is already watering at the thought!

Modak, traditionally prepared to honour Lord Ganesha, carries within its delicate layers profound lessons about investing.

At first glance, the Modak may appear simple—a soft rice flour shell filled with jaggery and coconut. However, the process of making it requires patience, precision, and a balance of ingredients—the same qualities essential for successful investing and financial planning.


The Importance of Patience

Just as preparing Modak takes time and care, successful investing requires patience. Investments, like the Modak dough, need time to settle before they can be shaped. Rushing the process can lead to imperfections—both in the sweet and in your portfolio. Investors must resist the urge to seek quick returns, understanding that true wealth is built over time, much like the slow cooking of the jaggery filling.

Precision in Diversification

The Modak’s structure also teaches the importance of precision and diversification. The thin outer layer of rice flour must be just the right thickness to hold the sweet filling without breaking—too thick, and the Modak becomes tough; too thin, and it risks falling apart. Similarly, an investment portfolio must be carefully diversified. Over-concentration in one asset can lead to undue risk, while too much diversification can result in low returns. A well-balanced financial plan, like a well-made Modak, holds together, providing both security and returns.


The Value of Tradition and Adaptability

While Modak is rooted in tradition, over time, it has adapted to modern tastes with variations and flavours such as chocolate, dry fruits, etc. This adaptability is a key lesson for investors. While traditional products like FDs and LIC policies have their place, modern investments like stocks, mutual funds, and even riskier products like startups and derivatives (futures and options) are crucial for beating inflation and reaching financial goals. A flexible approach helps build generational wealth.


Enjoying the Fruits of Labor

Just as a well-made Modak brings joy, so too does a well-executed investment strategy. The reward for patience, precision, and adaptability in investing is the financial security that allows you to enjoy life’s sweet moments.

In conclusion, as we prepare Modaks for this Ganesh Utsav, let’s reflect on the valuable lessons they offer about investing. Like crafting the perfect Modak, successful investing is about patience, balance, and enjoying the journey.

Wishing you a joyful Ganesh Utsav filled with Modaks and prosperity!

Ganpati Bappa Morya!

(The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal.)

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