GMR Group sells 818,000 sqft Warehouse at Hyderabad Airport

09 Jun 2023 CW Team

GMR Group has recently announced the sale of an expansive warehouse facility spanning 818,000 square feet, situated at Hyderabad airport. The facility has been divested to ILP Core Ventures I PTE, a subsidiary of Indospace Core PTE.

The transaction was finalized after GMR Hyderabad International Airport (GHIAL), a subsidiary of GMR Airports Infrastructure, signed definitive agreements with ILP Core Ventures I PTE. The enterprise value of the deal amounted to Rs 1.88 billion.

The proceeds from the sale will be utilized for expanding facilities and exploring growth opportunities within the Hyderabad Airport Land Development portfolio. The substantial interest shown by various global investors further validates the emergence of Aerocities as a contemporary real estate ecosystem within major airports.

To execute the divestment, GMR Hyderabad Airport Assets and a special purpose vehicle, which held full equity ownership of the warehouse facility, were transferred. Consequently, GHAAL will no longer operate as a subsidiary of GIL.

ILP Core Ventures I Pte was established in 2017 as a wholly owned subsidiary of IndoSpace Logistics Parks Core Pte, with its headquarters in Singapore.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..