Mumbai airport to get more hospitable

Mumbai airport is to finally have a ‘hospitality district’, along the lines of international airports like Shanghai and New York.
So far, in Mumbai, the project had stalled due to land constraints. But now Mumbai International Airport Ltd (MIAL) - a joint venture led by GVK that runs the airport - is reportedly ready to lease out 2 million sq ft of buildable area this year for the purpose.
Once cleared, the project will translate into luxury hotels and shopping destinations within a five km radius of the airport.
The plan is to sub-lease plots to real estate and hospitality companies for 30 years - renewable for another 30 years. Sources say as part of the first phase, the company has identified eight lakh sq ft of land at different locations near the airport that will be up for bidding.
Some of this land includes plots along Western Express Highway, those near the police station, and Air India Colony, Kalina. Real estate experts feel land parcels in the first phase could help raise Rs 1,200 crore.
In fact, sources say that road-show for developers (discussion of plan details and gauging interest before calling expressions of interest) may start in May.
15/04/10 Alka Shukla /Aneesh Phadnis/Mumbai Mirror

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Categories: Airports Apr 2010