Tag: Gmr Group

GMR Likely To Sell Its Chennai Technology Park

Prominent infrastructure development company GMR Group is likely to sell Cognizant Technology Solutions, its Chennai Technology Park, for Rs.150 Cr. Prominent infrastructure development company GMR Group has revealed its plans to divest its technology park in Chennai. The technology park; located on Old Mahabalipuram Road (OMR), one of the prime IT hubs in the city, […]

GMR Invites Bids For Building Hotels

Entering the market in possibly the toughest time, the GMR Group has invited bids for building hotels at its proposed 45-acre hospitality district near the upcoming airport in Delhi. The Delhi International Airport Pvt Ltd (DIAL) had planned to raise Rs 2,750 crore from this district in 2008 when the plan was first floated and […]

GMR’s Delhi Hospitality Project Hits AAI Barrier

The GMR Group-backed Delhi International Airport’s (DIAL) plans to develop a 45-acre hospitality district in the capital has hit an air-pocket. Airports Authority of India (AAI), which owns 26% in DIAL, is unwilling to raise the required fund of one thousand crore rupees for the proposed real estate development. It was decided that all the […]