Including the airport, GMR Airport Land Development - a subsidiary of GMR Infrastructure currently owns around 5000 acre in Hyderabad. Comprising of five towers with each spanning across 2.4 lakh sqft, the business park will be built in two phases. We will spend about ₹350 crore to build the entire project," said Aman Kapoor, chief executive officer GMR Airport Land Development, at a press briefing in the city. GMR Hyderabad Aerotropolis, 100% subsidiary of GMR Hyderabad International Airport Ltd, would be developing the Airport City including the business park. And our first project which is the Business Park is the first step in that sense," Kapoor said.

Source: Mint May 10, 2019 11:48 UTC