Latest news with #NoidaInternationalAirport
Time of India
a day ago
- Business
- Time of India
To skirt YEIDA rules, land allottees are betting on a hot tin roof
Noida: Industrial plots off near the upcoming Noida International Airport have one thing in common—tin sheds. While construction of factory units is far from over, with no man or machinery to be seen anywhere, most industrial plot allottees have erected large tin sheds—and a few even gates and fitted a one or two equipment for display—to create the illusion of an operational unit, meeting just the bare minimum to qualify for a functional certificate and resale at premium rates. The Yamuna Expressway Industrial Development Authority (YEIDA) is currently developing sectors 24, 24A, 28, 29, 30, 32 and 33 as industrial zones. It is also in the process of developing new sectors as a future hotspot for fintech, semiconductor and other high-tech industries due to their proximity to the airport. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida As of now, 3,041 industrial plots have been allotted in these sectors. Of these, 2,297 have been issued checklists and 1,836 executed lease deeds. The Authority said possession was handed over for 1,235 plots, and close to 1,000 allottees have had their building maps approved. However, actual construction activity in these sectors is minimal—only about 15 units are functional on site. According to Yamuna Expressway Entrepreneurs Association president Rishabh Nigam, many plot holders have no intention of starting actual business operations. Instead, they aim to secure a functional certificate by setting up tin sheds at minimal cost—around Rs 9–10 lakh for a 300-square-metre plot—compared to over Rs 30 lakh for concrete construction. Once certified functional, they intend to resale the plots as their values are to go up several times in the resale market, he added. Sources said there have been reports of industrial plots being sold under questionable circumstances in the past few weeks. Tin sheds were also in a way helping allottees avoid penalties imposed on industrial units that fail to become functional within four years of the lease deed under UP govt norms. In response, the YEIDA has tightened regulations. OSD Shailendra Bhatia stated that functional certificates would now be issued only after 50% of a total plot area was developed using concrete. Tin sheds would be permitted only on the remaining portion. This measure, YEIDA officials said, will curb speculative behaviour and ensure that only genuine entrepreneurs benefit from industrial allotments. "It will not only prevent misuse by those aiming to flip plots but also accelerate real industrial development in the region," Bhatia said.
Bangkok Post
15-07-2025
- Business
- Bangkok Post
TAT forecasts record level of arrivals from India
Despite the recent crash of an Air India aircraft, Indian arrivals remain robust against the sluggish short-haul markets trend, as the Tourism Authority of Thailand (TAT) anticipates a record level of 2.4 million arrivals from the market this year. The agency also reported that several airlines are planning to join the 750-million-baht flight stimulus programme that will soon be launched. Patsee Permvongsenee, executive director of the Asean, South Asia and South Pacific region at TAT, said Thailand remains a favourite destination for Indian tourists as it takes only 4-5 hours to reach the country by air, while the visa-free scheme is also convenient for planning their trips. As of July 13, 1.26 million Indian tourists had visited Thailand, becoming the third largest inbound market following Malaysia and China, which recorded 2.45 million and 2.43 million arrivals, respectively. Mrs Patsee said the potential segments include young millennials, wedding groups and business groups travelling via incentive programmes. Under the stimulus scheme initiated by the Thai government, there is a 150-million-baht subsidy for incentive groups, which should help boost the number of Indian tourists nationwide, on top of a similar plan implemented by the TAT's New Delhi and Mumbai offices, she said. Siriges-a-nong Trirattanasongpol, director of TAT's New Delhi office, said although the crash of an Air India flight bound for London last month had hampered Indian travel sentiment, prompting passengers to delay their trips with the airline, many are still maintaining their plan to visit Thailand during this low season. Mrs Siriges-a-nong said the joint-promotion scheme between the TAT and Air India that was supposed to be launched last month has been temporarily suspended, but the agency continues to work with other airlines to promote Thailand. She said the Indian government has offered more slots for foreign carriers to operate flights to Indian cities compared to previous years. The office is also monitoring the readiness of the new Noida International Airport, which should be completed this year, to seek new opportunities for flight expansion. Korakot Chatasingh, chief commercial officer of Thai Airways, said the Indian market could help offset the Chinese market at present. He said a lot of Indians also use Thai Airways to transit to other Southeast Asian destinations, such as Indonesia. The airline currently serves eight cities in India, including 22 flights per week to Delhi and 11 flights per week to Mumbai. It is now conducting a feasibility study for opening flights to Noida International Airport, which could attract Thai and Southeast Asian tourists due to its close proximity to the famous Taj Mahal. According to the TAT, several airlines are willing to apply for the subsidy programme, which aims to add 500,000 inbound tourist arrivals by providing support of 500 baht per passenger.
Hindustan Times
14-07-2025
- Business
- Hindustan Times
Plots near airports see 84–118% appreciation in four years, outshine apartments: Report
Plot values in cities anchored by major airports, such as Delhi, Mumbai, Bengaluru, and Hyderabad, have witnessed higher growth, appreciating by 84–118% over the last four years. This has outpaced apartment price growth in the same areas, which ranged between 45–93%, according to a report by Square Yards. housing micro-markets near both existing and upcoming airports, particularly in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida, have seen a sharp rise in property values. (Representational photo)(File photo) The report highlights that housing micro-markets near both existing and upcoming airports, particularly in Bengaluru, Hyderabad, Navi Mumbai, and Greater Noida, have seen a sharp rise in property values, driven by improved connectivity, expanding employment hubs, and major infrastructure developments. The growth is especially pronounced in airport-linked corridors, where demand for plots has surged ahead of apartment demand. The report said that property price growth in airport-led corridors has consistently outperformed citywide averages for both apartments and residential plots. Overall housing micro-markets near existing and upcoming airports in Bengaluru, Hyderabad, Navi Mumbai and Greater Noida have seen sharp appreciation in prices by 70-120% in the last four years, as per the the report Jet Set Growth - Airports Fuelling Property Market Expansion in India', which studied the airport-driven impact on property price trends in select key major cities and regions, such as Bengaluru, Hyderabad, Navi Mumbai, and Noida and Greater Noida (including Yamuna Expressway). Property prices surge in real estate markets near airports In Noida and Greater Noida, apartments along the Yamuna Expressway connecting the twin cities to the upcoming Noida International Airport, saw apartment rates range between Rs. 7,000–9,000 per sq ft, witnessing the growth at 90% between FY21 and FY25. The rest of Noida recorded Rs. 9,000–11,000 per sq ft with a strong but comparatively lower 79% growth, it said. Residential plot values along the Yamuna Expressway stood at Rs. 65,000–70,000 per registering 94% growth over FY21–FY25. The rest of Noida saw prices between Rs. 90,000–1,10,000 per sq yd, growing at a slower pace of 45% during the same period. In Bengaluru's North Bengaluru areas located close to the Kempegowda International Airport, apartment prices range between Rs. 11,000–13,000 per sq ft, recording a 69% growth between FY21 and FY25. In contrast, the rest of the city saw prices between Rs. 13,000–15,000 per with a lower growth of 48%, it noted. Also Read: Noida International Airport: Here's how the upcoming airport is likely to impact Yamuna Expressway's real estate market Plot prices in North Bengaluru were in the range of Rs. 68,000–72,000 per sq yd, registering a remarkable 118% growth over FY21–FY25. The rest of Bengaluru witnessed prices between Rs. 80,000–85,000 per sq yd, growing at 93%, the report noted. In areas close to the upcoming Navi Mumbai International Airport, apartment prices in the Panvel region stood at Rs. 10,000–12,000 per sq ft, growing by 74% from FY21 to FY25. Comparatively, the rest of Navi Mumbai commanded higher prices of Rs. 19,000–21,000 per sq ft but saw only 45% growth. Panvel's plotted land rates on an average ranged from Rs. 80,000–85,000 per sq yd, reflecting a solid 93% increase. In other parts of the city, plot prices were higher at Rs. 1,10,000–1,30,000 per sq yd, but with a relatively slower growth of 58% over the same period, the report said. "Micro-markets anchored by airports are witnessing significantly faster property price appreciation compared to other parts of the same city," Square Yards said in a statement. 'Airports are among the most influential enablers of economic growth, urban transformation, and real estate development. In India, cities anchored by major airports, such as Delhi, Mumbai, Bengaluru, and Hyderabad, have demonstrated sustained residential growth, driven by improved connectivity, increase in employment hubs, and large-scale infrastructure investment. This impact is even more visible in micro-markets located near airports,' said Tanuj Shori, CEO and founder, Square Yards.
Hans India
13-07-2025
- General
- Hans India
Height restrictions put in place within 20 km radius of Noida Airport
Noconstructions or tree planting is allowed within a 20 km radius of the Noida International Airport without a 'Height Clearance' or 'No Objection Certificate' (NOC) from the Airport Authority of India (AAI), officials said. Noida International Airport on Friday issued an advisory for builders and local authorities and others to follow height limits within 20 km radius of the airport. Getting a clearance for any such activity within the area is not merely a regulatory formality but a vital requirement to safeguard flight operations and navigation infrastructure from potential obstructions, Noida airport's chief operating officer (COO) Kiren Jain said. 'As Noida International Airport nears commissioning, it is imperative for the public, real estate developers, and local authorities to strictly adhere to the height restriction regulations laid down by the Ministry of Civil Aviation to ensure the safety and efficiency of aircraft operations,' Jain said in a press statement. The statement further added that all concerned parties must approach local bodies before initiating any vertical development within the 20 km perimeter. These bodies will consult the Colour-Coded Zoning Map (CCZM) issued by AAI to assess permissible height limits. Based on the proposed construction height, the applicant may be directed to apply for a Height NOC via AAI's NOCAS portal, the press note said. This process is governed by GSR 751(E), Ministry of Civil Aviation (Height Restrictions for Safeguarding of Aircraft Operations) Rules, 2015, which prohibits any unapproved construction within safeguarded airspace. Any violation poses serious risks to Obstacle Limitation Surfaces (OLS) and the integrity of navigation systems, compromising overall flight safety. To enforce compliance, the Aircraft (Demolition of Obstructions caused by Buildings and Trees) Rules, 2023, empower authorities to initiate legal proceedings, including demolition of unauthorised structures or trees and imposition of penalties under the Aircraft Rules, the issued statement stated. All stakeholders, especially builders, landowners, and residents, are strongly advised to halt any unapproved development activities within the safeguarded zone and obtain the necessary NOC from AAI at the earliest. Timely compliance is essential to support safe, efficient, and obstruction-free operations at the upcoming Noida International Airport, the statement added.
Indian Express
13-07-2025
- Business
- Indian Express
No construction in 20-km radius of Noida airport without NOC
No constructions or tree planting is allowed within a 20-km radius of the Noida International Airport (NIA) without a Height Clearance No Objection Certificate (NOC) received from the Airport Authority of India (AAI), the NIA has informed builders and local authorities on Friday. In a statement, the Noida airport said that the directives have been issued based on rules laid down by the Ministry of Civil Aviation in 2015 and enforced under the Aircraft (Demolition of Obstructions caused by Buildings and Trees) Rules, 2023. 'It requires all stakeholders, including builders, landowners, and government bodies, to obtain a Height No Objection Certificate from the AAI before initiating any vertical development within the prescribed limit,' read the statement. 'No construction activity, erection of structures, or tree plantation is permitted without a valid Height Clearance NOC from AAI,' Noida airport's chief operating officer (COO) Kiran Jain said in the statement. 'This is not merely a procedural requirement but a critical safeguard for aircraft operations and navigation systems,' she added. She further said that any kind of unauthorised construction or vegetation growth within the restricted airspace could breach Obstacle Limitation Surfaces (OLS), posing threat to flight safety and air traffic control systems. 'The enforcement framework includes legal provisions for demolition and penalties.' Jain said that all concerned parties must approach local bodies before initiating any vertical development within the 20-km perimeter. These bodies will consult the Colour-Coded Zoning Map (CCZM) issued by AAI to assess permissible height limits. Based on the proposed construction height, the applicant may be directed to apply for a Height NOC via AAI's NOCAS portal. Officials said the safety and efficiency of aircraft operations take precedence as NIA prepares to become a major aviation hub for the National Capital Region. 'Stakeholders are strongly advised to halt any unapproved development activities in the safeguarded zone immediately… Timely compliance is essential to avoid legal consequences and ensure smooth commissioning of the airport,' Jain said. Earlier this week, The Indian Express had reported that over 90% of the work at the airport has been completed, and the remaining tasks will likely be completed by September 30.
