Commercial developments planned for Delhi-Mumbai airports
01-Aug-2005 |
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Indian Government announced plans to earmark a greater portion of land at Delhi and Mumbai airports for retail developments and recreational activities.
At present, total commercial development is restricted to 10% of airport land. Commercial revenues account for 22% of total revenues at the airports, compared to the international benchmark of 50-60%. The Empowered-Group of Ministers (E-GoM) is due to submit a concession agreement to the Government, proposing the following revised breakdown of the land available for commercial development:
- Commercial developments for recreational activities 25%;
- General commercial developments, including retail 25%;
- Commercial land for airport operations 50%.
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