Hyderabad: Infrastructure major GVK Power & Infrastructure Ltd is preparing to monetise the real estate atthe Mumbai internationalairport.
Mumbai International Airport Ltd (MIAL), a GVK company developing the airport, has been working on unlocking the value of the property that has been allowed to be monetised as part of its agreement to modernise and develop the airport.
“We expect the monetisation process to start by June this year. The initial plan is to monetise about 2.9 million square feet,” Isaac George, director of GVK Power, told analysts on an earnings call.
However, the quantum of funds that can be raised by way of monetisation is still not known.
16/02/13 KV Ramana/Daily News & Analysis
