GMR plans logistics, retail hubs around Hyderabad airport

In a bid to make the most out of the precious land parcels it owned around the Hyderabad International airport, GMR Infrastructure has worked out a strategy to develop logistics parks, a commercial centre and retail hubs on the airport city land, said CEO, Aman Kapoor, adding that it has 1,400 acres of land around the airport. The business park is being developed on 800,000 sq ft, the warehouse development will be spread over 3.5 million sq ft and retail space will cover 550,000 sq ft. The business park is already under development and the next in line is the warehouse hub that will take two-and-half years to develop. Industry sources said GMR is currently negotiating with several logistics players to form joint ventures for developing the warehouse hub.