This is the site of the upcoming Navi Mumbai International Airport, which will cost a total of $700 to $900 million dollars, and will cover approximately 4 square miles. As is to be expected with a project of this size, many issues have come up; the people who lived on the land have been paid market rates for their properties and have been told to leave, and many are unhappy with the compensation they received. Additionally, the site contains mangroves, which are a critical and irreplaceable part of the areas ecology--- the removal of which can have serious consequences.
CIDCO, the City and Industrial Development Corporation of Maharashtra, is responsible for the project, which is being financed through a public private partnership. On their website, CIDO explains the choice of location for the airport;
"The location of the proposed airport at Navi Mumbai has been considered on several parameters. Prominent among these is the fact that Navi Mumbai is expected to absorb the future growth in population, business and commercial activity of the region. The availability of physical and social infrastructure coupled with environmental friendly site with minimum resettlement and rehabilitation makes the Navi Mumbai airport project technically and financially viable."
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