GVK Power & Infrastructure Ltd plans to monetize 2.9 million sq. ft. of Mumbai International Airport's real estate to fund its modernization, pending Maharashtra Chief Minister's approval.
The Mumbai airport upgrade will unveil 132 acres for non-aeronautical uses, significantly boosting retail, hospitality, and office spaces in the region.
New airports in India will become business hubs with office, hospitality, and retail spaces, boosting real estate and attracting MNCs.