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GMR plans Rs.5 bn investment for metro rail-link to Hyderabad Airport
RAILWAYS & METRO RAIL

GMR plans Rs.5 bn investment for metro rail-link to Hyderabad Airport

GMR group, which operates Rajiv Gandhi International Airport (RGIA) in Hyderabad, plans to invest around Rs.5 bn in a metro-rail link project worth Rs.50 bn, which the Telangana Government proposed to connect to the airfield from various parts of the city. The aerodrome operator will invest Rs....

GMR group, which operates Rajiv Gandhi International Airport (RGIA) in Hyderabad, plans to invest around Rs.5 bn in a metro-rail link project worth Rs.50 bn, which the Telangana Government proposed to connect to the airfield from various parts of the city. The aerodrome operator will invest Rs.5.195 bn by 2024, as indicated by a consultation paper on the tariff revision for the third control period from April 2021 to March 2026 that GMR Hyderabad International Airport has proposed and the Airports Economic Regulatory Authority has issued.Contact: GMR Group.Website: www.gmrgroup.in

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Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

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Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

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Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

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