GMR To Build Cargo City At Delhi Airport

19 Aug 2025 CW Team

GMR Airports Ltd will develop a new cargo city spread over 50.5 acres at Indira Gandhi International Airport (IGIA) in Delhi, the country’s largest airport operated by Delhi International Airport Ltd (DIAL), a subsidiary of GMR Airports.

According to a regulatory filing, the project involves creating state-of-the-art cargo and logistics facilities across 50.5 acres, including a 10-acre optional land parcel for future expansion. GMR Airports has been selected to finance, design, develop, construct, operate, manage and maintain the cargo city until 2036, with the concession period extendable by an additional 30 years. The company has also received a Letter of Intent to Award (LOIA) from DIAL.

The project will follow a revenue-share payment model, with GMR Airports required to pay a minimum monthly guarantee to DIAL. For the initial period up to 2036, the total estimated payment obligation amounts to Rs 4.16 billion.

The filing further noted that the transaction qualifies as a related party deal conducted on an arm’s length basis, with all necessary approvals secured in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..