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GVK-Oasis Rs 580 cr deal for Mumbai airport land will impact realty prices
Corporate

GVK-Oasis Rs 580 cr deal for Mumbai airport land will impact realty prices

The transaction is part of the process of overall commercial development of 22 million square feet of the airport in phases over a period of ten years, GVK said in a press release, adding that the transaction has been finalised at the rate of approximately Rs 106 crore per acre which translates to total of Rs 580 crore for this parcel at approximately Rs 5,000 per square foot of built-up area.<br />