The Environment Ministry has given the green nod to the GMR-led consortium Delhi International Airport Limited (DIAL) to develop two commercial buildings in Aerocity at an investment of about Rs 1310 crore. Acting upon the recommendations of its expert committee, the ministry granted the environment clearance to the proposed projects with some conditions.
According to DIAL it has initiated the phase-2 of its Airport Land Development at Aerocity, through two new precincts - Gateway and Downtown districts - planned next to the Hospitality District (phase 1), which is currently operational. The two projects will be developed in the Gateway district of Aerocity. As per the proposal, one commercial building will come up in a plot area of 20778 sqm at an estimated cost of Rs 480 crore, while the other commercial building will be developed in a plot area of 32189 sqm at an estimated cost of Rs 830 crore.
It is expected that the proposed projects in Gateway district will help meet the growing commercial needs of people. The consortium will provide state-of-the art apartments and modern terms of comfort and safety of its commercial buildings along with commercial space, nursing homes and educational institute.