Mumbai: Mumbai is getting ready for yet another business district in an area that would be bigger than Bandra-Kurla Complex, which is home to a host of marquee names in business. Known as the GVK Skycity, the area surrounding the swanky new T2 terminal in Sahar and built by the GVK group's Mumbai Airport International Ltd (MIAL), will have 20 million sq ft of commercial space that will be bid out.
The first phase, which will see the construction of hotels, three million sq ft of retail area, office blocks and conventions on 200 acres of airport-owned land, has begun and the GVK group plans to finalise the lease of 8-10 acre land parcels by March.
According to a GVK group presentation, the projected investment in GVK SkyCity will be over Rs 12,000 crore. Plans have been prepared to boost infrastructure and amenities, including sidewalks, arterial roads, a metro line and a recreation area, amongst others.
10/02/14 Raghavendra Kamath & Aneesh Phadnis/Business Standard
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The first phase, which will see the construction of hotels, three million sq ft of retail area, office blocks and conventions on 200 acres of airport-owned land, has begun and the GVK group plans to finalise the lease of 8-10 acre land parcels by March.
According to a GVK group presentation, the projected investment in GVK SkyCity will be over Rs 12,000 crore. Plans have been prepared to boost infrastructure and amenities, including sidewalks, arterial roads, a metro line and a recreation area, amongst others.
10/02/14 Raghavendra Kamath & Aneesh Phadnis/Business Standard
