GMR Airports sets up subsidiary for real estate expansion

GMR Airports Limited has incorporated a new subsidiary to explore real estate and land development opportunities. The subsidiary, GARL, will focus on carrying out real estate projects, land development initiatives and other related ventures.

The move signals the airport operator's intent to diversify beyond its core aviation business. By establishing a dedicated entity for real estate operations, GMR aims to leverage its existing land holdings and development expertise.

This expansion aligns with the broader strategy of major airport operators to unlock value from non-aeronautical business segments, including retail, hospitality and property development at and around airport facilities.