NETWORK18

News Videos Blogs

Font Size A+A-

GMR plans aerotropolis around IGIA

TimePublished on Sun, Aug 27, 2006 at 19:01 in Business section


Featured Blog

Featured Slideshows

Ads by Google

New Delhi: GMR-led joint venture company, Delhi International Airport Ltd (DIAL) plans to develop an aerotropolis around the Indira Gandhi International Airport in the Capital, which could provide facilities like convention centres, malls and golf course.

"DIAL proposes to build a world class Aerotropolis by developing 250 acres of land around the Delhi Airport for commercial activities," a company official said.

The company plans to partner with leading real estate developers in the country to set up facilities for business as well as casual travellers.

The DIAL official said developing the Aerotropolis was a part of the company's plans to increase non-aeronautical revenue.

"GMR DIAL expects to enhance revenue from non-aeronautical services and the Aerotropolis would play a key role in meeting that target," the official said.

The proposed Aerotropolis is expected to be linked with the city via an eight lane highway as well as the high speed Metro Line running from the city centre.

The Aerotropolis, to be linked with the booming business and commercial hub in nearby Gurgaon, would have recreation centres, hotels and other leisure activities.

GMR-led DIAL had won the bid to modernise the Delhi airport at an estimated cost of Rs 2,800 crore.

Ads by Google

Related Ads:

Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

CNN-IBN Poll | All About the Money

The Real Estate Poll: Is property hot any longer?

Click here

Catch the results of The Real Estate Poll on All About the Money, weekdays 6.30 pm on CNN-IBN

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture