GMR Infrastructure looking to monetise land parcels around the Hyderabad international airport, which it owns and operates.“The company has formed a strategy to develop logistics parks, a commercial centre and retail hub on the airport city land,” said Aman Kapoor, CEO of airport land development at GMR Airports. 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 business park is already under development. The next in line is the warehouse hub that will take us two-and-ahalf years to develop," he said. Industry sources said GMR is in talks with several logistics players to form joint ventures for developing the warehouse hub. They include e-Shang Redwood, a developer backed by Warburg Pincus. Kapoor refused to comment on this topic.