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Real Estate Forum on Civil Aviation Ministry

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Q: It is expected that the Home Ministry is supposed to give clearance to 4 shortlisted bidders.
Latest Answer: Yes, the civil aviation ministry gave its approval for the bid document on December 30. As per the initial plan the airport will be developed as a joint venture between Cidco and the private developer.
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Q: Civil aviation ministry set to offer Jewar Airport project to GMR Group.
Latest Answer: Analysts are not too interested on the idea. Airports are a very lumpy investment. Once built, they have to be swatted completely before going for a second airport, for instance in Mumbai, Goa and Chennai. Creating a second airport in NCR before IGIA gets loaded may make both airports unviable.
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