Mumbai airport invites bids for lease of five plots

Mumbai International Airport (MIAL) has invited bids to lease five land parcels, as it tries to start a much delayed commercial development plan. The 11 acre are close to the international terminal. Estate consultants estimate MIAL could earn Rs 1,500 crore in deposits and rent from the transactions. It envisages leasing 20 mn sq ft of commercial space. The Skycity will also have three metro stations. But commercial development was held up by delays in securing clearances and shifting utilities.