Mumbai International Airport (MIAL) awarded 1.16 million sq ft of land parcel at the airport for Rs 580 crore to Oasis Realty for commercial development. This transaction is part of the process of overall commercial development of 22 million sq ft of the airport in phases over a period of 10 years. This transaction has been finalised at the rate of approximately Rs 106 crore per acre which translates to total of Rs 580 crore for this parcel at approximately Rs 5,000 per sq ft of built-up area. GVK SkyCity, a master-planned, mixed use development with state-of-the-art planning and architecture, urban design and landscape is an ambitious project set to redefine the face of Mumbai. GVK SkyCity includes uses like luxury, first class, mid-market and budget hotels, serviced apartments, convention centre, entertainment centre, retail, office spaces, etc.
FlashNews:
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Road construction industry to launch RAHSTA Expo 2024
Shapoorji Pallonji divests Gopalpur port for Rs 33.5 bn
15th Cement EXPO to be held in March 2025 in Hyderabad
IIFCL raises Rs 1,500 crore through bonds/debentures
Metro Rail sustainability suffering from affordability & connectivity
Dr E Sreedharan, India’s ‘Metro Man’ & India’s Top Metro Rail CEOs converge in Mumbai for CW Metro Rail Conference
Road Contracts awarded drop to less than half!
Synergy Steels clinches Award for Best Environment & Pollution Control Practices, 2023
Will QCBS phase out L1 for Infrastructure Procurement?
Noida Airport to soon link with rail routes
E-Mobility: Delhi to roll out 500 low-floor electric buses
First phase of Dholera Smart City nearly completed
PM Modi launches Varanasi Smart City website
Home » MIAL inks pact with Oasis for airport land development
Leave a Reply
You must be logged in to post a comment.