logo
Facing penalties, Tata Projects promises to make Noida International Airport ready in two months with 2,000 extra workers

Facing penalties, Tata Projects promises to make Noida International Airport ready in two months with 2,000 extra workers

Time of India02-05-2025
Facing penalties,
Tata Projects
has promised June 30 deadline for
Noida International Airport
. The construction firm is ramping up its efforts by bringing in additional manpower and resources from other sites, according to a report of the Times of India.
#Pahalgam Terrorist Attack
India's Rafale-M deal may turn up the heat on Pakistan
China's support for Pakistan may be all talk, no action
India brings grounded choppers back in action amid LoC tensions
Notably, the company is facing penalties for the delay in construction of the airport. Since January 1, the
Uttar Pradesh government
has been imposing a daily fine of Rs 10 lakh on
Yamuna International Airport Private Ltd
(YIAPL), the concessionaire, which is being deducted from their performance security. YIAPL, in turn, has penalized Tata Projects for construction delays.
Originally slated for completion by September 29, 2024, the airport's timeline has been revised several times. The latest plan targeted domestic flight operations by May 15 and international services by June 25 — a full year behind the initial schedule.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Google Brain Co-Founder Breaks His Silence: Read These 5 Books And Turn Your Life Around
Blinkist: Andrew Ng's Reading List
Undo
Tata's catch-up plan
During a high-level review chaired by Uttar Pradesh chief secretary Manoj Kumar Singh on Wednesday, Tata Projects presented a catch-up plan to recover from recent delays that led to multiple missed deadlines.
Officials said the company plans to deploy an additional 2,000 workers from other ongoing projects to support the existing 6,500-strong workforce, which had temporarily declined during the harvest season.
Live Events
'We are augmenting our team with workers from nearby projects. Every possible measure is being taken to complete the airport by June 30,' a Tata official said.
Arun Vir Singh, CEO of Noida International Airport Ltd (NIAL) — the state government's special purpose vehicle overseeing the project — reported that the terminal building's construction is progressing steadily. The domestic passenger section is nearly complete, while work on the international section's upper-level roof is underway.
'Tata has committed to completing the remaining terminal work within the next two months,' Singh added.
The project is approximately 90% physically complete. The runway and airside infrastructure are nearly finished, while the passenger terminal building is at about 85%. Ten aerobridges, along with baggage systems, elevators, and signage, have already been installed. The domestic terminal is nearly ready; the international section stands at roughly 75%, pending final installations like imported textile panels currently being fabricated in Mumbai.
However, challenges remain. The water and sewage treatment plants are only 40-43% complete after two contractors withdrew. Officials are now considering alternative options to avoid operational setbacks.
A key milestone is scheduled for May 10, when a joint team from the Airports Authority of India (AAI), Directorate General of Civil Aviation (
DGCA
), and Bureau of Civil Aviation Security (BCAS) will assess the airport's readiness for aerodrome licensing. This inspection aligns with the end of a 70-day aeronautical information publication (AIP) period that began in mid-March.
BCAS has indicated it will require 45 days from the receipt of all necessary documentation to issue a security clearance. In the event of a partial terminal opening, a structural stability certificate will also be required.
According to officials, the DGCA has outlined three possible operational scenarios: launching cargo services by May 15, allowing partial passenger operations, or achieving full Phase 1 readiness.
'If the inspection team gives a green signal, it will be a major step toward launching airport operations,' Singh said. 'The government — likely the chief minister and prime minister — will decide the date for commercial flights. But we're aiming to have the airport itself ready, potentially even before June 30.'
'Construction teams are working around the clock. We hope to meet the June 30 deadline — the third one set so far,' an NIAL official told the Times of India.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IHCL signs pact with Madison for 10 new hotels in South India
IHCL signs pact with Madison for 10 new hotels in South India

Time of India

timean hour ago

  • Time of India

IHCL signs pact with Madison for 10 new hotels in South India

Indian Hotels Company has partnered with Madison, the hospitality platform of Terminus Group and JV Ventures, to launch ten new Ginger hotels across southern India. Madison will invest approximately Rs 500 crore in constructing these hotels, adding over 1,000 keys within three years. The partnership begins with a 75-key Ginger hotel in Genome Valley, Telangana, operating under a lease agreement. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Services 1. Hospitality majors explore developing eco-tourism resorts in Andaman islands The Indian Hotels Company on Monday said it has signed an agreement with Madison, the hospitality platform of Terminus Group and JV Ventures, for ten new hotels to be operated under the Ginger brand spread across the southern states of will invest approximately Rs 500 crore in the construction of ten hotels with over 1,000 keys within the next three ten new hotel sites will primarily be greenfield and brownfield projects, and this partnership has commenced with the signing of a 75-key Ginger hotel in Genome Valley in Telangana, Indian Hotels Company ( IHCL ) said in a capital-light arrangement will be an operating lease agreement under the Ginger brand, it represents IHCL's strategic response to capitalise on the growing opportunity in the mid-scale segment in India for the aspirational brand spans all city categories and destinations from metros, state capitals, commercial centres, industrial townships, pilgrimage sites, and leisure hotspots, according to IHCL Executive Vice President, Real Estate & Development, Suma Venkatesh."The signing of this framework agreement for ten Ginger hotels across the southern states is reflective of this potential. We are delighted to expand the Ginger brand with Madison, the hospitality platform of Terminus Group and JV Ventures," she Ventures Co-Founder, Jasmeet Chhabra, said, "Madison will roll out ten Ginger Hotels with over 1,000 keys with an estimated outlay towards construction cost of Rs 500 crore across industrial and spiritual towns in southern India over the next three years in partnership with IHCL."Madison Co-Founder, SP Reddy, said the 'Ginger Genome Valley' asset will support the Genome Valley Industrial corridor with its modern business facilities and social spaces to foster collaboration within this dynamic was established in 2023 as a joint venture between Terminus Group and JV Ventures.

Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System

NDTV

timean hour ago

  • NDTV

Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System

New Delhi: An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by Prime Minister Narendra Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising and reducing the number of brackets under which various goods are taxed. The revision is also expected to lower taxes on passenger vehicles and two-wheelers. Sources told NDTV last week five per cent and 18 per cent brackets have been proposed, and goods earlier taxed under others, i.e., 12 and 28 per cent, will now be shifted to one of these. Specifically, sources said the government plans to cut tax on 90 per cent of all goods currently attracting 28 per cent GST and drop these products into the 18 per cent bracket. A similarly large chunk of goods now taxed at 12 per cent will face reduced levies - five per cent only. The five per cent bracket will include 'daily-use' items, the government had said. In addition, there will be a special 'sin tax' of 40 per cent on certain items, including tobacco products. There will be only five to seven goods in this list, sources said. NDTV Explains | GST Reforms Coming Soon. How You Will Benefit These already attract higher levies. Chewing tobacco, for example, faces a 160 per cent cess and cigarettes are taxed through a mix of GST, cess and National Calamity Contingent Duty. Also, certain other items, such as those produced by labour-intensive and export-oriented industries, like diamonds and precious stones, will attract tax per existing rates. And finally, petroleum products will continue outside the GST framework. The expected consumption boost from this rationalisation, to be confirmed after the GST Council meets in September, is expected to offset around Rs 50,000 crore in revenue loss. So what will become cheaper? Daily-use items will become cheaper. But what these are is unclear at this time. In July sources told NDTV these could include items from toothpaste to umbrellas and small household appliances, like sewing machines, pressure cookers, and small washing machines. Daily use items like toothpaste are expected to become cheaper (File). Bicycles, readymade garments (priced over Rs 1,000), and footwear (between Rs 500 and Rs 1,000) may also be included, as could vaccines, ceramic tiles, and agricultural tools. So too will mobile phones and computers (necessary items in today's digital world), hair oil, processed foods, and stationery items for school children like geometry boxes and notebooks. READ | GST Relief For Middle Class? Cheaper Toothpaste, Utensils, Clothes, Shoes As an aside, India's multi-tier structure sees essential goods and services, including fruits and vegetables, some types of grain and some dairy products, and education charged nil GST. And what falls under 18 per cent slab? Televisions, air conditioners, refrigerators, washing machines, and aerated water, as well as some goods used in the construction industry, like ready-mix concrete and cement, will likely be on the new 18 per cent GST list. What about cars and bikes? At present passenger vehicles are subject to a GST of 28 per cent plus a compensation cess extending to 22 per cent, based on engine capacity, length, and body type. Electric cars are taxed at five per cent with no compensation cess. For two-wheelers the rate is 28 per cent. There is no compensation cess for models with an engine capacity up to 350cc, while those over that threshold pay a three per cent cess. Mid-sized and luxury passenger vehicles attract over 40 and nearly 50 per cent tax at this time. The revised GST structure eliminates the 28 per cent category, which means cars and bikes will most likely drop to the new 18 per cent bracket, making them at least 10 per cent cheaper. The Nifty Auto index jumped 4.61 per cent Monday morning on these expectations. The full list of which product faces what GST will, of course, only be released much later. The GST overhaul - and the resultant spending, the government hopes - will also likely further boost economic growth, particularly after a big thumbs-up from global ratings agency Standard and Poor. S&P upgraded India's credit rating for the first time in nearly two decades, bumping the country to BBB from BBB- with a stable outlook, and completely invaliding United States President Donald Trump's eyebrow-raising 'India is a dead economy' remark.

Delhi-NCR real estate to gain from UER-II and Dwarka Expressway launch
Delhi-NCR real estate to gain from UER-II and Dwarka Expressway launch

Business Standard

timean hour ago

  • Business Standard

Delhi-NCR real estate to gain from UER-II and Dwarka Expressway launch

Real estate companies and consultants are optimistic about the impact of the inauguration of the Urban Extension Road-II (UER-II) and the Delhi stretch of the Dwarka Expressway on the overall Delhi NCR micro market. 'The housing sector, in particular, stands to benefit, as major infrastructural projects invariably enhance the overall appeal of the housing market among buyers,' said Ashok Kapur, chairman, Krishna Group and Krisumi Corporation. The 75.7-kilometre-long UER-II connects Alipur in North Delhi to Mahipalpur, near the Delhi-Gurugram border, passing through Bawana, Rohini, Mundka, Najafgarh and Dwarka. Built by the National Highways Authority of India (NHAI), the corridor links to the Dwarka Expressway as well as the Western and Eastern Peripheral Expressways, with two operational spurs towards Sonipat and Bahadurgarh in Haryana. Together with the 27.6-kilometre Dwarka Expressway, experts are calling UER-II a game changer that could ease traffic and provide momentum to the real estate market in Delhi and Gurugram. Pradeep Aggarwal, founder and chairman of Signature Global, said the interlinked, access-controlled highways will significantly reduce travel time between Delhi, IGI Airport and Gurugram, while decongesting National Highway 48 (NH 48) and other arterial routes. 'Bridging major economic hubs such as Cyber City, Udyog Vihar, and key IT parks, this infrastructure not only streamlines commuting but also catalyses large-scale residential, commercial and retail development,' he added. Property prices double along Dwarka Expressway Developers point out that property prices along the Dwarka Expressway have doubled over the past five years, demonstrating the ripple effect of infrastructure on real estate. Prices in the region have risen from Rs 9,434 per sq ft in 2019, when the foundation stone was laid, to Rs 18,668 per sq ft in 2024. 'With upcoming infrastructure upgrades, educational institutions, advanced healthcare facilities and well-developed social amenities, the Dwarka Expressway is poised to remain a leading driver of property growth, particularly in the premium housing segment,' said Kapur. Commercial and warehousing demand expected to rise Movement is expected on the demand side for commercial, residential and warehousing projects in the long term, with potential uplift in catchment areas such as Dwarka, Najafgarh, Rohini and other localities along NH 48 and the Dwarka Expressway. 'With close to 3 million sq ft of Grade A office stock nearing completion in the NH 48 micro market, commercial real estate activity across demand segments is likely to gain traction in the next few years,' said Vimal Nadar, national director and head of research at Colliers India. Growth driven by metro expansion and investor demand Developers anticipate that the growth story of the real estate market around Dwarka Expressway will accelerate, supported by enhanced metro connectivity and rising demand from both homebuyers and investors. Ravi Nirwal, sales director and principal partner at Square Yards, added that the operationalisation of UER-II is also expected to boost residential activity in Delhi's peripheral areas such as Kundli, Sonipat and Narela. 'The new connectivity corridor is expected to create a broader and more resilient base of demand,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store