Realty companies see big money in city side of small airports

New Delhi: Several real-estate developers like Omaxe, L&T, Unitech and GMR are keenly bidding for city-side development of the four airports at Udaipur, Amritsar, Vizag and Ahmedabad. This is the first lot of airports which has been taken up by the civil aviation ministry for city-side development.
“While pre-qualification bids have been invited for Udaipur and Amritsar, the other two (airports) will be taken up early next year,” said a civil aviation ministry official.
Omaxe, L&T and Unitech have already applied for the Rs 200-crore development projects at Udaipur and Amritsar. The work includes commercial operations and maintenance of the airport terminal building, besides development of 46,268 sq metres and 110,308 sq metres of land for city-side development and cargo handling facilities at Udaipur and Amritsar, respectively.
Car-parking facilities of 13,000-14,000 square metres are also planned near each airport.
Omaxe has tied up with several airport operators for its foray. Unitech also confirmed the development. Omaxe is also doing construction for Chennai and Kolkata airports, both of which are being developed by the Airports Authority of India (AAI).
L&T, which has done construction work for all privatised metro airports, including Delhi, Mumbai, Bangalore and Hyderabad, has bid for Udaipur and is eyeing Amritsar, Vizag and Ahmedabad as well.
17/12/07 Anirban Chowdhury/Business Standard

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Categories: Airports Dec 2007