Mumbai International Airport, a joint venture between Hyderabad-based GVK group-led consortium and Airports Authority of India, has decided to sell around 200 acres in the western suburbs of the city.
A person working with the GVK Group said the company has appointed a hospitality consultant to chalk out a blueprint of the sale. The consultant will guide the company on timing of the sale, target price and amount of land to be sold to hospitality companies, among others. The Santa Cruz area in the western suburb of the metropolis, where the land is located, has several premium hotels, some of them may be interested in the property.
The broad contours of the idea suggest that MIAL would sell the land in trenches. The first trench of 65-acre will be put on the block after three months.
Times of India