This is an international airport that would connect the state to other countries. This is a mega project, covering 2133 acres. Apart from the airport, the project includes some large hotel chains, the development of commercial spaces and real estate around the area.
The MOPA airport is likely to transform into a hospitality hotspot. In 2022, the overall tourist inflow in the state was estimated to be around 10 million. Among this, 20% of tourists are foreigners. Therefore, the development of this international airport in Goa would boost the country’s economy. Both hospitality and tourism industries would get a boost with the development of this project. Now that the airport is operational, commercial activities are picking up pace in the vicinity.
The Mopa International Airport is a massive INR 2,300 crore project. The airport has an initial annual capacity of 4.4 million. The strong connectivity in the area further strengthens the tourism and real estate industries. The airport authorities have strategically come up with this project 35 Kms. from Panjim in North Goa and 30 Kms. from the Konkan region. South Goa lies 100 Kms. from this project. In the coming years, the airport would be capable of handling an annual capacity of 13.1 million people. This capacity is likely to be increased in four phases. In the first phase, the airport is operational with a 4.4 million annual capacity. This figure is likely to reach 5.8 million, 9.4 million, and eventually 13.1 million in the second, third, and fourth phases, respectively.
The MOPA Airport has been developed on a massive area, encompassing mixed-use real estate. The project includes hotels, convention centres, casinos, shopping complexes and malls, along with office spaces. Therefore, the new Airport Goa is likely to strengthen the country’s economy. At the same time, it would also bolster the real estate industry in Goa in the coming years.
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