The Chhatrapati Shivaji Airport in Mumbai will soon be counted amongst the prime luxury retail spaces in the country as the airport authority has proposed to develop around 132 acres of luxury retail, commerce and hospitality space in the airport premises.
According to the authorities, in recent years the number of tourists visiting Mumbai has increased, and this increase has called for an improvement in facilities, hotel accommodation and entertainment, especially around the airport area, which is the focal point of Mumbai’s tourism.
Of the proposed 132 acres, about 28 per cent (1.6 million square feet) will be dedicated to luxury retail, 50 per cent (about 2.87 million square feet) will be for hospitality, and 22 per cent (1.26 million square feet) will be reserved for office space.
Besides Mumbai, airports all over the country are set to be upgraded by the next five years, with about 47 projects currently under process. These projects are expected to generate about 78 million square feet for commercial purposes by 2015.