Prominent real estate developer K Raheja Corp is keen to enter into airport development in India, reports Mint. The group, says the report, is keen to enter into a tie-up with Macquarie as a financial partner. Macquarie is the world's second largest owner of airports.
The airport development business in India has presented developers with the opportunity to develop city side structures like parks and hotels. This has attracted many prominent builders to the airport development arena. DLF, another prominent builder, has formed a joint venture with Fraport for airport development.
It may be noted that Macquarie already has an existing JV with Gammon India. However, the scope of this tie-up is limited to the Chennai airport.
Company spokesmen from both the Raheja group and Macquarie have rejected the news; however, anonymous Macquarie sources told the newspaper that it is open to more airport development projects in other parts of the country.
K Raheja is one of the leading real estate developers in India, and started Shopper's Stop, which was the first organised retail shop in Mumbai. The group has several prestigious construction projects to its credit in Mumbai and outside.
K Raheja already has a joint venture with the Nuance Group of Switzerland for operating duty-free shops across airports. This will be the maiden foray of the K Raheja Corp group into the airport development field.
The government of India is planning a massive modernisation programme of airports in the country. Some of the airports will be developed fully by the private sector, while some others will be modernised entirely by the government of India. A third category of public-private partnership for airport development is also under way.
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The airport development business in India has presented developers with the opportunity to develop city side structures like parks and hotels. This has attracted many prominent builders to the airport development arena. DLF, another prominent builder, has formed a joint venture with Fraport for airport development.
It may be noted that Macquarie already has an existing JV with Gammon India. However, the scope of this tie-up is limited to the Chennai airport.
Company spokesmen from both the Raheja group and Macquarie have rejected the news; however, anonymous Macquarie sources told the newspaper that it is open to more airport development projects in other parts of the country.
K Raheja is one of the leading real estate developers in India, and started Shopper's Stop, which was the first organised retail shop in Mumbai. The group has several prestigious construction projects to its credit in Mumbai and outside.
K Raheja already has a joint venture with the Nuance Group of Switzerland for operating duty-free shops across airports. This will be the maiden foray of the K Raheja Corp group into the airport development field.
The government of India is planning a massive modernisation programme of airports in the country. Some of the airports will be developed fully by the private sector, while some others will be modernised entirely by the government of India. A third category of public-private partnership for airport development is also under way.
Discuss
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Bury
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