Airport City: An introduction

As a part of the overall master plan, BIAL has earmarked approximately two hundred and fifteen (215) acres of land within the project site for the first phase of commercial real estate development. BIAL’s vision is to develop this prime property called ‘airport city’ as a destination in itself and create a premier business, retail and entertainment hub. This area will be a well balanced mix of office parks, retail and entertainment and hospitality.

This initiative of BIAL is in line with the increasing attention being paid to ‘aerotropolises’ globally. The aerotropolis concept was developed by John D. Kasarda, an American academic. An Aerotropolis is a city in which the layout, infrastructure, and economy are centred around a major airport. Experts in the field are of the opinion that Airports will shape business location and urban development in this century as much as seaports did in the 18th century, railroads did in the 19th century and highways in the 20th century.

Targeted mix

An extensive study was conducted by a leading independent property consultant taking into account both macroeconomic as well as microeconomic factors. Based on this study, BIAL defined the targeted usage mix as well as the targeted development timelines for the airport city.