Presently Karad airport is used for non-scheduled flights of VIPs and corporates. Airport is maintained by MADC. Airport is developed on about 15 Ha. of land. For further expansion and modernisation of airport, GoM issued GR dated 28.08.2012. As per this GR the airport was to be developed to cater for small ATR-42 /ATR-72 type of aircrafts. Accordingly, MADC in consultation with AAI prepared proposal and initiated land acquisition of additional about 52 Ha of land.
Board of Directors in its 57th meeting held on 28th Dec 2016 approved the proposal for acquisition of additional land for airport.GoM has granted Rs 85.46 Crs for development of airport vide GR dtd: 28th August 2012. MADC has spent an amount of Rs 89.81 Crs towards land acquisition process.The land acquisition process is on the verge of completion.
MADC vide letter dated 10.06.2019 requested GoM to accord approval to revised cost of land acquisition and rehabilitation including contingencies to the tune of about Rs. 117 Cr. The work of runway resurfacing at Karad Airport is completed in year 2019.
