DIAL Awards Commercial Development Rights At Aerocity, Delhi To A Consortium Led By Bharti Realty
Delhi International Airports Limited (DIAL), a GMR led consortium announced that it has awarded the right to design, develop, finance, construct, operate, manage and maintain a Commercial Development Project at Gateway and Downtown Districts of Aerocity with maximum permissible FSI of approx 9 Lac Sqm (~4.5 Lac Sqm . for Phase I & additional ~4.5 Lac Sqm in Phase II available as on option to be exercised within a 5-year time horizon) at Indira Gandhi International Airport to a consortium led by Bharti Realty Ltd, selected through a transparent and competitive bidding process. The competitive bidding process saw strong response from some of the country's leading commercial development players.
DIAL initiated the 2nd phase of its Airport Land Development at Delhi Airport popularly known as Aerocity, through two new precincts- Gateway and Downtown Districts - planned next to now successfully operational Hospitality District (Phase 1). Existing Hospitality, Commercial and Retail Developments at Hospitality district have over past few years established themselves as one of the most coveted addresses in the Capital city for leading global brands.
Building on its legacy of delivering path-breaking world-class infrastructure developments in the nation's service, GMR led DIAL has designed Aerocity on international design principles to ensure it is one of the leading global business districts. It creates the perfect platform which will redefine India's work culture, bolstered by unique benefits such as superior quality of life, unparalleled connectivity and excellent work-life balance. Aerocity is one of its kind master planned mixed-use development which will have a balance of commercial, social infra, and leisure formats. The development shall encompass OMDA compliant commercial areas consistent with international trends and standards.
This development will add tremendous value to the existing Delhi Airport ecosystem and give a much-needed impetus to its upcoming expansion plans that was unveiled a few months back.
- Issued By:DELHI INTERNATIONAL AIRPORT LIMITED
- Bagged By:
- Region:Northern India
- Published On:2019-03-21