[1] The project aims to exploit the central location of Nagpur and convert the present airport into a major cargo hub with integrated road and rail connectivity.
The project is financed by multiple Indian banks with a total loan amount of INR 30,000 crore along with investment from the state government and the Airports Authority of India.
[3] The project has spurred a real estate boom in Nagpur, with property prices increasing 25 to 40 percent.
[4] The project is expected to add 12 million people to the city's population by means of direct and indirect employment.
[1] From an environmental perspective, half a million trees would be planted and there would be no polluting industries allowed in MIHAN.
[1] Nagpur has the MIDC area, Asia's second largest air maintenance workshop, SEZ, Patanjali Food Park and many more other projects under implementation, with IT and logistics businesses both having a major presence.
[6] Mihan is already employing more than 30,000 people, and the number is expected to rise, according to the Maharashtra Airport Development Company.
An airport terminal building in a semi-circular shape with conductive weather dynamics will have a total area of 3,000,000 sq ft (280,000 m2).
The two small lakes would be deepened, cleaned and beautified to store and supply fresh water to MIHAN.
Storm drainage work consists of a 10 km long channel and nine cross-drainage projects.
The two flyovers help connect MIHAN with the other side of highway without causing traffic congestion at the main entrance.
Indian Railways has a new station, "Khapri", near MIHAN to connect the cargo hub with India's rail network.
TCS and HCL have started functioning and are expanding while Infosys and Tech Mahindra are constructing campuses.