Bharti Realty bags Rs.315-cr contact

    Bharti Realty Delhi International Airport Ltd
    The operator of the Delhi International Airport Ltd. (DIAL) has recently inked a real estate deal of over Rs. 315-cr with Bharti Realty Holdings for developing a land parcel. Bharti Realty, which is the real estate arm of Bharti Group, has been awarded contract to develop an area of nearly 2 lakh square metres of retail space near the airport in the national capital. DIAL, which is a subsidiary of GMR Infrastructure, in a statement said that the scope of work in the contract involve design, develop, construct, finance, own, operate, and maintain land parcel with Floor Space Index (FSI) of 1.96 lakh square metres. The transaction involves license fee equivalent to 20% of revenue with minimum guaranteed payments. The latest award of contract is in addition to 5.67 lakh square metres land already developed as hospitality district at Delhi Aerocity, which is also close to the international airport.
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