HYDERABAD: The New Delhi based GMR Infrastructure Limited that operates Rajiv Gandhi International Airport (RGIA), just ranked as the world’s 8th best in a survey conducted by AirHelp, is going to invest Rs. 350 crore to set up its first office park spread over one million sqft in Hyderabad in the next 3-4 years.
This is a part of GMR’s excess airport land’s monetization plan. A business ecosystem is going to be developed in the RGIA which will also boost tourism. The expansion of RGIA includes developing commercial hubs, retail, leisure and entertainment, hospitality, education healthcare aerospace and logistics at the airport.
According to the GMR sources here, these development plans would take place in an area of 1,500 acres which is being developed. The proposed business park at the RGIA would sever as an incubator for the technology companies to set up their facilities until they can build and move out to their own buildings.
This will be a tremendous boost to the startup companies. In fact, on development the RGIA would assume the look os a massive airport city: India’s first and only. The tag of 8th best airport in the world to RGIA would further boost this plan for airport city.
Spread across an area of approximately 4,000 sqmt in the airside, east of the existing Passenger Terminal Building (PTB), the IDAT is an exclusive Domestic Baggage Reclaim Concourse primarily serving the passengers arriving on aircraft parked on remote stands.
The RGIA now has a total of seven belts for domestic arrivals, three in the existing domestic arrivals, out which one is used as swing catering to both domestic and international on a need basis.