Bangalore: GVK Group, promoter of Bangalore International Airport Ltd (BIAL), is planning to develop real estate around the airport.
The idea is to develop an ‘airport city’ with work places, homes and social infrastructure for travelling passengers.
Speaking to reporters here on Saturday, BIAL Managing Director G.V. Sanjay Reddy said: “We have not identified the areas for realty development. First we need to develop a plan for BIAL and then go to the Government for approval.”
BIAL is also planning a second round of expansion to handle the full capacity of 55 million passengers.
“Today, Terminal 1 can handle up to 20 million passengers per year,” said Reddy.
14/12/13 Business Line
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The idea is to develop an ‘airport city’ with work places, homes and social infrastructure for travelling passengers.
Speaking to reporters here on Saturday, BIAL Managing Director G.V. Sanjay Reddy said: “We have not identified the areas for realty development. First we need to develop a plan for BIAL and then go to the Government for approval.”
BIAL is also planning a second round of expansion to handle the full capacity of 55 million passengers.
“Today, Terminal 1 can handle up to 20 million passengers per year,” said Reddy.
14/12/13 Business Line
