In a major boost to the housing sector, the Airports Authority of India (AAI) is all set to offer a huge land parcel of 55,800 acre to housing sector, chairman Guruprasad Mohapatra said in a recent statement, adding that the Aviation ministry will soon move a cabinet note to amend the law governing AAI to permit use of airport land for housing and other areas which are currently not allowed for such activities. In the current scenario, cities have grown and reached the fringes of airports, which were once far from the city centres. Urban housing is now a requirement and also housing close to the airport receives the most premium. Once the legal changes are through, airports could also use the available land to build malls and convention centres, among others facilities, he insisted.
📅Published on:
24 April 2017
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