GMR Infra to Monetise Land Near Hyderabad Airport

GMR has 1,400 acres of land around the airport. While the business park is being developed on 800,000 sq ft, the warehouse development will be spread over 3.5 million sq ft and retail will cover 550,000 sq ft. The company has formed a strategy to develop logistics parks, a commercial centre and a retail hub on the airport city land. The Bengaluru-based firm currently has Amazon as one of its big clients on the land near the airport in Hyderabad. GMR’s Hyderabad airport revenue grew 13% in the last fiscal year. Its revenue from non-aero operations rose 12%. The Hyderabad airport handles 15.2 million travellers annually and is being expanded to accommodate 34 million passengers.