GVK bid process for Mumbai airport hospitality zone soon

Hyderabad: Infrastructure major GVK led Mumbai International Airport Ltd (MIAL) is gearing up to launch the bidding process for developing the hospitality district.
The project is aimed at monetising the land bank that has been offered to the airport company as part of the deal for modernising and developing the airport. It is likely to improve revenues further for the company.
According to sources, MIAL has already roped in an international property consultants for conducting the roadshows for the project for inviting the property developers to participate in the bidding process.
Apart from Indian developers, the company is keen on roping in international developers too to set up their projects at the proposed hospitality district.
“The master planning for the hospitality district is complete. We have submitted the documents for clearances with the authorities. Right now, we are waiting for the clearances. Once the approvals are in place, we will call for bids from the developers. In any case, the bidding will begin in the next calendar year,” a GVK spokesperson told DNA.
Though not willing to divulge the details of the development plan, the spokesman said that the project would have several hotels ranging from budget to luxury.
14/12/10 KV Ramana & Ashish K Tiwari/Daily News & Analysis

To Read the News in full at Source, Click the Headline

Categories: Airports Dec 2010