GMR Infrastructure to venture into real estate development
Bangalore, September 24, 2006: Bangalore based infrastructure company GMT Infrastructure is to expand into real estate development across India. The company is looking at land acquisition in Bangalore, Hyderabad and Kolkata for residential as well as commercial realty projects.
GMR Group is a Rs. 2500-crore business house focused on infrastructure development in India. The company has interests in energy, transportation and businesses in manufacturing. GMR Infrastructure in collaboration with Hyderabad based GVK group recently bagged the Rs.5400-crore modernization projects of Mumbai and Delhi airports.
By INRnews Correspondent
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