CONTENTS 1 INTRODUCTION 18 1.1 Need for Study 20 1.2 Research Question 21 1.3 Aim 21 1.4 Objectives 21 1.5 Scope & Limitation 21 1.6 Methodology 22 1.7 Research Design 23 1.7.1 Defining Need, Aim, Objectives and Scope of Study 23 1.7.2 Background Studies 23 1.7.3 Methodology 23 2 LITERATURE REVIEW 24 2.1 Character of impact on economy due to development 24 2.1.1 Direct Impact 24 2.1.2 Indirect Impact 24 2.1.3 Induced Impact 24 2.2 Airports as National and Regional Economic Motors 25 2.2.1 Catalytic Impact Arising from Air Service Accessibility 25 2.2.2 Airports as Multi-Modal Interchange Nodes 26 2.2.3 Impact On Business Competitiveness of Region 26 2.2.4 Impact On Air Intensive Business Sectors and Development Of Business Parks 26 2.2.5 Role in Overall Economic Development 27 2.3 Growth Trends 27 2.3.1 NH-7 in the South Nagpur (Wardha road) 29 2.3.2 Proposed Land Use Zones 30 2.3.3 Residential R1 Zone 30 2.3.4 Residential R2 Zone 30 2.3.5 Residential R3 Zone 31 2.4 Nagpur Real Estate Trend 32 2.4.1 Current Updates 32 2.4.2 Summary 32 2.4.3 Growth Stimulators 32 2.5 Case Studies 33 2.5.1 Amsterdam’s Schiphol Airport 33 2.5.2 Delhi New International Airport 36 2.5.3 Singapore Changi Airport 41 2.5.4 Bengaluru International Airport 43 2.5.5 Comparative Analysis 45 2.5.6 Conclusion 47 3 PROFILE OF MIHAN & SEZ, NAGPUR 48 3.1 Background 48 3.2 Project Component 48 3.2.1 International Airport 48 3.2.2 Special Economic Zone 49 3.2.3 It Park 49 3.2.4 Health City 50 3.2.5 Power Plant 50 3.2.6 Manufacturing & Other Value Added Units 50 3.2.7 Land Use Details of Various Sectors of Mihan 51 3.2.8 Implementing Agency 51 4 NAGPUR CITY OVERVIEW 53 4.1 Introduction 53 4.2 Demographic Profile 53 4.3 Growth and Spatial Distribution 54 4.4 Economic Base of Nagpur 54 4.5 Land Use 55 5 ANALYSIS OF THE CITY 56 5.1 Growth of The City 56 5.2 Growth Direction 57 5.3 Current Development Distribution And Existing Land Uses 58 5.4 Current And Future Employment In Nagpur City 58 6 REAL ESTATE SCENARIO 60 6.1 Introduction 60 6.2 Residential Market 60 6.2.1 Development Zones 61 6.3 Supply Analysis 74 6.4 Future Growth Direction 75 6.5 Commercial: Office and Retail 77 6.5.1 Overview 77 6.5.2 Existing Stock 77 6.5.3 Upcoming supply 78 6.5.4 Inferences 79 7 ANALYSIS OF MIHAN PROJECT 81 7.1 Introduction 81 7.2 . Measures of Economic Impact 81 7.2.1 Value Added (Change in The Gross Regional Product) 81 7.2.2 Increase in Exports 84 7.2.3 Wealth and Employment Creation 85 7.2.4 Increase in The Revenue from Tourist 85 7.2.5 Employment Generated by MIHAN Project 87 7.2.6 Fiscal Benefits of the MIHAN Project 88 7.3 Backward and Forward Linkages for The MIHAN Project 89 7.3.2 KEY FINDINGS 93 7.4 Assessment of project’s assumption 94 7.4.1 Issues 94 8 Conclusion 96