4,800 acre government land leased to DIAL at Rs 100 per annum

New Delhi: The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) — the government's joint venture with the Hyderabad-based GMR Group — on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.
"Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum," it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.
18/08/12 Times of India

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Categories: airports Aug 2012