The Delhi International Airport Ltd (DIAL) consortium will utilise money from commercial development to repay Rs5,000-crore debt.
The consortium intends to become debt-free after leasing out land at the airport to private parties for real estate development.
DIAL can lease around 250 acres to private players to build hotels and restaurants and develop a hospitality district.
The company wants to lease out 45 acres to be commercially developed in the first phase. It has so far leased out 21.8 acres to successful bidders.
DIAL is a joint venture company led by the Bangalore-headquartered GMR Group, state-owned airport operator Airports Authority of India, Fraport and Malaysian Airport Holdings. It has invested Rs11,700-crore in building the airport in the first phase, an escalation from the earlier estimate of Rs8,975-crore.
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