The Airport Authority of India's (AAI) decision to allow the use of the secondary runway at Juhu airport will affect about 153 projects that have received no-objection certificates (NOCs) since 2011, in the prime Juhu-Vile Parle realty belt. Property prices in the belt are roughly Rs30,000 a sq ft.
While construction has started on many projects, AAI will review, modify and cancel their NOCs depending on whether the buildings lie in the runway's flight path. Developers will have to accordingly restrict the building's height to up to seven floors, rather than the earlier up to 14 floors. A four-star hotel at Juhu Tara Road near Juhu beach and big redevelopment schemes like the proposed Khira Nagar housing society near the Milan subway may get affected.
AAI's decision will affect projects from the Juhu airport to Western Express Highway in Vile Parle (E), Juhu beach on the west, the JVPD Scheme in the north and Milan subway in the south, and builders are contemplating legal intervention.
10/01/13 Rajshri Mehta/Times of India
