Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

DIAL gets green nod for Rs 1,310-cr commercial building project in Aerocity

The Delhi International Airport Ltd (DIAL), a GMR-led consortium, has received green nod from the Environment Ministry for the development of two commercial buildings in Aerocity at an investment of about Rs 1,310 crore

PTI|
Nov 19, 2019, 12.42 PM IST
0Comments
BCCL
aerocity bccl
NEW DELHI: The Delhi International Airport Ltd (DIAL), a GMR-led consortium, has received green nod from the Environment Ministry for the development of two commercial buildings in Aerocity at an investment of about Rs 1,310 crore, according to an official document.

The nodal ministry has given the environment clearance (EC) to DIAL's two proposed projects with some conditions after taking into account the recommendation of its expert committee.

As per the proposal, both projects will be developed in the Gateway district of Aerocity, Indira Gandhi International Airport.

One commercial building will come up in a plot area of 20,778 square metre at an estimated cost of Rs 480 crore, while the other commercial building will be developed in a plot area of 32,189 square metre at an estimated cost of Rs 830 crore, the document said.

DIAL said it has initiated the phase-2 of its Airport Land Development at Delhi Airport popularly known as Aerocity, through two new precincts -- Gateway and Downtown districts -- planned next to the Hospitality District (Phase 1), which is currently operational.

The proposed two projects in Gateway district will help in meeting the growing commercial needs of people. It also provides state-of-the art apartments and modern terms of comfort and safety of its commercial buildings along with commercial space, nursing homes and educational institute, it added.

Also Read

5 Aerocity hotel bars may reopen soon

NSDC picks up office space in New Delhi Aerocity on lease

Hotels in Aerocity granted permission to serve liquor after Excise approval

Bharti Realty to set up leisure hub at Aerocity

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service