Thursday, June 26, 2008
The real estate developers wanting to develop the hospitality district in the airport land may now pay lesser security deposits and higher lease rentals according to the latest proposal from the GMR group that heads the consortium developing the Delhi airport. This development is a shift from an earlier proposal and the issue has essentially taken a full circle. The new plan of GMR brings down the deposit amount and raising lease rentals. It will be partly funded by equity infusion from the stakeholders.