HYDERABAD:  GMR Group, the leading infrastructure holding company formed to fund the capital requirements of various infrastructure projects across the sectors, on Friday announced the launch of GMR AeroCity Hyderabad which offers a gateway airport with the best-in-class logistics hub with smart technology.

Spread across 1,500 acres, GMR AeroCity Hyderabad is envisaged to be an integrated mixed-use development, which includes key ports and establishments like business park, retail park, aerospace and industrial park, logistics park and hospitality hub. It also provides a complete living and working experience, with support infrastructure, including schools, healthcare, rental accommodation, leisure and entertainment.

The company said the AeroCity being developed as an urban landscape with an international airport at its core, brings speed, agility and connectivity as unique business propositions.

With nearly one million square feet of leasable area, it is spread over four towers being developed in phases. Tower 1 is fully occupied and Tower 2 is ready for occupancy.

Well connected with an eight-lane expressway and an elevated corridor with the primary and secondary business districts of Hyderabad, GMR Business Park is strategically located with unparalleled local and global connectivity. In addition, at present, the airport is connected by more than 150 buses round the clock, and would soon be connected via an express metro system to the city.

RBI says, eight entities have applied for on-tap licences to set up universal banks

Weekend Markets: Nifty Ends Above 14,600, IT Stocks gain

Shares of Ashoka Buildcon Surges On Awarding Gujarat Rail Infra Project