Bharti Realty to Develop Retail Sector at Delhi Airport

Delhi International Airport Limited (DIAL), a subsidiary of GMR Infrastructure, has selected Bharti Realty for a contract to build a retail space near the airport. The deal is worth over Rs 315 crore.

The contract allows Bharti Realty to design, develop, construct, finance, own, operate and maintain the land parcel of area 1.96 lakh sq. mts. The real estate arm of Bharti Group also needs to pay a license fee which is 20 per cent of revenue.

Reportedly, 5.67 lakh sq. mts. of property already developed as hospitality district at Delhi Aerocity where Bharti Realty has one of its commercial properties. The real estate arm has been activated since 2015 commenced with a residential project in Surajkund of Haryana in partnership with Eros Group.

Source: ET Realty

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s