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GVK POWER and INFRASTRUCTURE LTD. - GVK MIAL awards first land parcel for commercial development to Oasis Realty Private Limited for Rs. 580 Crore
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27 Aug 2014
GVK Power and Infrastructure Ltd has informed BSE that Mumbai International Airport Pvt. Ltd. (MIAL), a subsidiary of the Company has announced kick starting of monetization of its commercial! real estate by finalizing lease of one of the parcel to Oasis Realty Private Limited. This parcel will have a potential for commercial development of 1.166 million sq. ft. and is part of the process of overall commercial development of 22 million square feet in phases over a period of 10 years.&lt;br/&gt;&lt;br/&gt;In this regard, the Company has submitted a copy of Press Release dated August 27, 2014, titled &quot;GVK MIAL awards first land parcel for commercial development to Oasis Realty Private Limited for Rs. 580 Crore&quot;.
View all announcements for GVK POWER and INFRASTRUCTURE LTD. Source: BSE India