NIAL approves Noida airport development master plan
Real Estate

NIAL approves Noida airport development master plan

According to the officials, on Friday, Noida International Airport Limited (NIAL) approved the master plan of developing the proposed Noida International Airport.

The officials told the media that on Friday, the master plan along with the project status report was submitted to the NIAL board during its 11th meeting in Lucknow. The meeting was held under the chairmanship of Rajendra Kumar Tiwari, Uttar Pradesh Chief Secretary, who is also the chairman of the NIAL board, while the agenda was submitted by NIAL CEO Arun Vir Singh.

As per an official statement, the board approved the presented master plan of the Noida international airport at Jewar and the progress made in the greenfield project in the meeting.

Singh said that the master plan was sent for suggestions and observations to the Ministry of Civil Aviation, which sent it back with in-principle approval. According to the statement, the NIAL board, while giving its permission to the master plan on Friday, ordered project officials to get the approval of the Yamuna Expressway Industrial Development Authority (YEIDA) as well.

Singh informed the board that the Yamuna International Airport Private Limited (YIAPL), a 100% subsidiary of the project concessionaire Zurich International Airport AG approved the master plan.

The officials told the media that the master plan was first given to central agencies in December 2020, after which it was sent back with some suggestions and observations. The revised master plan was sent to the central agencies in May this year, after which NOC (no objection certificate) was received by them.

The NIAL, the authority on the joint venture plan, has the Greater Noida Industrial Development Authority, the Noida Industrial Development Authority, the Uttar Pradesh government and the Yamuna Expressway Industrial Development Authority as its stakeholders. The greenfield airport, announced to be the largest in India upon completion, is being built by Yamuna International Airport Private Limited, a 100% subsidiary of the Swiss company, Zurich International Airport AG.

According to the officials, work is underway for the first phase of the project that will spread over an area of 1,334 hectares.

Image Source


Also read: Uttar Pradesh govt completes first phase of funding for Noida airport

Also read: Zurich Airport inks pact for Noida International Airport development

According to the officials, on Friday, Noida International Airport Limited (NIAL) approved the master plan of developing the proposed Noida International Airport. The officials told the media that on Friday, the master plan along with the project status report was submitted to the NIAL board during its 11th meeting in Lucknow. The meeting was held under the chairmanship of Rajendra Kumar Tiwari, Uttar Pradesh Chief Secretary, who is also the chairman of the NIAL board, while the agenda was submitted by NIAL CEO Arun Vir Singh. As per an official statement, the board approved the presented master plan of the Noida international airport at Jewar and the progress made in the greenfield project in the meeting. Singh said that the master plan was sent for suggestions and observations to the Ministry of Civil Aviation, which sent it back with in-principle approval. According to the statement, the NIAL board, while giving its permission to the master plan on Friday, ordered project officials to get the approval of the Yamuna Expressway Industrial Development Authority (YEIDA) as well. Singh informed the board that the Yamuna International Airport Private Limited (YIAPL), a 100% subsidiary of the project concessionaire Zurich International Airport AG approved the master plan. The officials told the media that the master plan was first given to central agencies in December 2020, after which it was sent back with some suggestions and observations. The revised master plan was sent to the central agencies in May this year, after which NOC (no objection certificate) was received by them. The NIAL, the authority on the joint venture plan, has the Greater Noida Industrial Development Authority, the Noida Industrial Development Authority, the Uttar Pradesh government and the Yamuna Expressway Industrial Development Authority as its stakeholders. The greenfield airport, announced to be the largest in India upon completion, is being built by Yamuna International Airport Private Limited, a 100% subsidiary of the Swiss company, Zurich International Airport AG. According to the officials, work is underway for the first phase of the project that will spread over an area of 1,334 hectares. Image Source Also read: Uttar Pradesh govt completes first phase of funding for Noida airport Also read: Zurich Airport inks pact for Noida International Airport development

Next Story
Products

Mulroom Revolutionizes India’s Furniture Market

India's furniture market, a rapidly growing industry, has long grappled with inefficient supply chains, high costs, and limited customization options. Enter Mulroom, a tech-driven startup founded by Parikshit Guhabiswas, which aims to revolutionize the sector through a direct-to-consumer (DTC) model that empowers craftspeople and small-scale manufacturers while promoting sustainability. Mulroom tackles the industry's age-old problems by eliminating middlemen and implementing a lean, technology-enabled supply chain that cuts down waste and reduces costs. By leveraging AI-powered demand forecas..

Next Story
Infrastructure Urban

Build Capital Exits Second SRA Project with 19.76% IRR

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing. Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancin..

Next Story
Infrastructure Urban

Chandak Group Celebrates Women’s Identity

Chandak Group marked this Women’s Day with a powerful and heartfelt gesture aimed at celebrating the individuality and strength of women. Instead of conventional celebrations, the real estate brand launched a meaningful campaign to honor the women who have made Chandak homes their own. The initiative offered every woman homebuyer a unique, personalized memento—a beautifully engraved, sustainable keyholder featuring her name. This thoughtful token serves not only as a keepsake but also as a recognition of her journey, achievements, and rightful space within the home. The campaign’s emot..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?