GMR to develop Business Park in Hyderabad

An exclusive business park will be built at the GMR Airport City here with an investment of Rs. 350 crore.

Launching the first of the six towers with a rental space offering of 2.4 lakh sq ft on Friday, which will be ready for occupation by the year-end, Aman Kapoor, CEO, GMR Airport Land Development, said the funding will be through a mix of internal accruals and debt.

Timeframe

The project with a total commercial area of a million sq ft is expected to be completed in the next 2-3 years, depending on the demand, Kapoor told a news conference here.