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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..