Latest news with #NoidaInternationalAirport
Time of India
a day ago
- Business
- Time of India
Survey to check impact of land acquisition for Noida airport phase 3 & 4
NOIDA : A door-to-door survey from Monday will study the impact on landholdings, livelihoods, homes, public utilities and community resources in 14 villages from where land will be acquired for the expansion of Noida International Airport in phases 3 and 4. Two runways and a global aerospace manufacturing hub are proposed on 2,053 hectares—of which 1,857 hectares are privately owned and will be acquired from 14 villages—in two of the four-phase development of the airport. A runway, a terminal building and an air traffic control tower are coming up on 1,334 hectares acquired in phase 1, while MRO and aviation hubs are proposed on the 1,365 hectares acquired in phase 2. A social impact assessment (SIA) undertaken by Gautam Buddha University and approved by the state govt in Jan had found around 8,400 families across 14 villages—Thora, Neemka Shahjahanpur, Khwajpur, Ramner, Kishorepur, Banwaribas, Parohi, Muqimpur Shivara, Jewar Bangar, Sabauta Mustafabad, Ahmedpur Chaurauli, Dayanatpur, Bankapur, and Rohi—in Jewar tehsil would be displaced in the last two phases. The latest survey, to be undertaken by 49 teams, comprising officials from district administration and Yamuna Expressway Industrial Development Authority, will draw up census and statistical data of families affected by the land acquisition. DM Manish Verma said the survey will be carried out under Section 16 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, and completed by June 15. SDM Jewar Abhay Singh told TOI that based on the survey, a draft rehabilitation and resettlement scheme will be drawn up. "This will outline entitlements for both landowners and landless families. It will also list the resettlement provisions in terms of infrastructure and amenities. A draft will then be published and a public hearing held to gather objections or suggestions," he added. The draft, along with a report on the objections, will be submitted to the district collector, and subsequently to the commissioner, for approval. "Once approved, a final scheme will be published and a formal declaration of the resettlement area announced. If not already done, a detailed land survey will be initiated to mark and measure the required land and prepare its layout. The award for land acquisition will be made within 12 months of the declaration. The collector will determine the market value of the land and calculate the compensation. A solatium, which is an additional 100% of the compensation, will be added as mandated. The final land acquisition will then proceed through an agreement between the landowners and the state," Singh said. In March, UP announced that landlosers will be entitled to Rs 4,300 per square metre in compensation, which is 40% higher than the Rs 3,100 per sqm offered in the second phase. In phase 1, UP offered Rs 2,100 per sqm in compensation. A notification issued by the civil aviation department recently stated that under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, displaced families will be rehabilitated to areas equipped with basic amenities like roads, water, electricity, sewerage, parks, community halls, schools, hospitals, as well as religious places, like temples and mosques, as per their social and cultural background.
Time of India
2 days ago
- Business
- Time of India
Survey to check impact of land acquisition for airport Ph 3 & 4
Noida: A door-to-door survey from Monday will study the impact on landholdings, livelihoods, homes, public utilities and community resources in 14 villages from where land will be acquired for the expansion of Noida International Airport in phases 3 and 4. Two runways and a global aerospace manufacturing hub are proposed on 2,053 hectares—of which 1,857 hectares are privately owned and will be acquired from 14 villages—in two of the four-phase development of the airport. A runway, a terminal building and an air traffic control tower are coming up on 1,334 hectares acquired in phase 1, while MRO and aviation hubs are proposed on the 1,365 hectares acquired in phase 2. A social impact assessment (SIA) undertaken by Gautam Buddha University and approved by the state govt in Jan had found around 8,400 families across 14 villages—Thora, Neemka Shahjahanpur, Khwajpur, Ramner, Kishorepur, Banwaribas, Parohi, Muqimpur Shivara, Jewar Bangar, Sabauta Mustafabad, Ahmedpur Chaurauli, Dayanatpur, Bankapur, and Rohi—in Jewar tehsil would be displaced in the last two phases. The latest survey, to be undertaken by 49 teams, comprising officials from district administration and Yamuna Expressway Industrial Development Authority, will draw up census and statistical data of families affected by the land acquisition. DM Manish Verma said the survey will be carried out under Section 16 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, and completed by June 15. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 나이들어 노안+백내장 절대 방치 하지 마세요! 부산백내장노안 전문안과 더 알아보기 Undo SDM Jewar Abhay Singh told TOI that based on the survey, a draft rehabilitation and resettlement scheme will be drawn up. "This will outline entitlements for both landowners and landless families. It will also list the resettlement provisions in terms of infrastructure and amenities. A draft will then be published and a public hearing held to gather objections or suggestions," he added. The draft, along with a report on the objections, will be submitted to the district collector, and subsequently to the commissioner, for approval. "Once approved, a final scheme will be published and a formal declaration of the resettlement area announced. If not already done, a detailed land survey will be initiated to mark and measure the required land and prepare its layout. The award for land acquisition will be made within 12 months of the declaration. The collector will determine the market value of the land and calculate the compensation. A solatium, which is an additional 100% of the compensation, will be added as mandated. The final land acquisition will then proceed through an agreement between the landowners and the state," Singh said. In March, UP announced that landlosers will be entitled to Rs 4,300 per square metre in compensation, which is 40% higher than the Rs 3,100 per sqm offered in the second phase. In phase 1, UP offered Rs 2,100 per sqm in compensation. A notification issued by the civil aviation department recently stated that under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, displaced families will be rehabilitated to areas equipped with basic amenities like roads, water, electricity, sewerage, parks, community halls, schools, hospitals, as well as religious places, like temples and mosques, as per their social and cultural background.
Time of India
3 days ago
- Business
- Time of India
3 tech majors to set up units on 120 acres, invest 4k cr off eway
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) has issued letters of intent to three companies for setting up manufacturing units near the upcoming Noida International Airport, marking a combined investment of around Rs 4,000 crore. Tired of too many ads? go ad free now Two of these companies will be allotted land in the upcoming Electronics Manufacturing Cluster (EMC) 2.0 in Sector 10, which spans 206 acres. Ascent-K Circuit will receive 16 acres to manufacture high-end printed circuit boards (PCBs), including HDI, flex, multilayer types, and semiconductor substrates, while Aurionpro ToshiAutomatic Systems, which specialises in industrial automation and smart transit and mobility solutions, will be allotted five acres as a member of a Special Purpose Vehicle (SPV) under the central govt's EMC 2.0 scheme. Both units will be a part of the cluster approved by the ministry of electronics and information technology (MeitY), with Havells India Ltd, the anchor investor, already securing an allotment of 50 acres. The EMC 2.0 project received in-principle approval from MeitY in April this year. Amber Enterprises India Ltd, of which Ascent is a part, will be allotted another 100 acres in Sector 8 to manufacture copper-clad laminates, PCB assemblies, consumer electronics, and home appliances. Amber and Ascent together are expected to invest around Rs 4,000 crore across the two projects. Ascent is also expected to form a joint venture with some Korean firms for the PCB manufacturing venture. YEIDA CEO Arun Vir Singh confirmed that the land allotments are subject to approval by the Invest UP empowered committee and state policy guidelines. "Land acquisition is underway in Sector 8 and the LoI for the 100-acre plot, along with others, is provisional, pending regulatory clearances," he added. Tired of too many ads? go ad free now These companies are the latest in a growing list of firms investing in the YEIDA region near the Noida International Airport. At least eight companies have announced plans to invest nearly Rs 12,000 crore in the region, driven by the dedicated industrial parks and state's FDI and Fortune 500 investment policies. Among those that have already secured land allotments is Fuji Silvertech Concrete Pvt Ltd, an Indo-Japanese joint venture, which is setting up a precast concrete product manufacturing unit on 20 acres in Sector 32. It was the first company to be allotted land under Uttar Pradesh's new FDI policy announced in November 2023. TI Medical Private Limited, a joint venture between the Fortune India 500-listed Tube Investments of India (TII) of the Murugappa Group and Premji Invest, has secured an 11-acre plot in the Medical Device Park in Sector 28. Minda Corporation Limited, in partnership with Korea's Daesung and India's Loconav, has been allotted 22 acres in Sector 24 to produce ignition switches and steering locks for automobiles. Additionally, Minda has proposed a separate project in Sector 10 to manufacture wire harnesses and other automotive components on 10 acres, which has been approved by the state's empowered committee. Vama Sundari Investments Pvt Ltd, part of the HCL Group, is collaborating with Taiwanese electronics major Foxconn to establish a semiconductor manufacturing facility on 48 acres in Sector 28. Escorts, in a joint venture with Japan's Kubota Corporation, plans to build a large tractor manufacturing plant on 200 acres in Sector 10. Another major investment comes from Pine Valley Ventures Pvt Ltd, which aims to set up a readymade garments and accessories unit on a 20-acre plot in Sector 10. Poly Medicure Ltd has also applied for 7 acres in Sector 28's Medical Device Park to set up a medical equipment manufacturing unit.
Business Standard
5 days ago
- Business
- Business Standard
The Rise of SCOs: Why Shop-Cum-Office Plots Are Emerging as NCR's Hottest Investment Bet
NewsVoir Delhi NCR [India], May 29: Shop-Cum-Offices (SCOs) are emerging as the new asset class in NCR's commercial real estate. Blending the functionality of a retail space with the practicality of office space, SCO's dual purpose serves both business visibility and workspace utility. The model is gaining the attention of investors and entrepreneurs due to its versatility, independence of ownership, and high rental yield potential. As per experts, SCO complexes are emerging as a favourite choice for developers, especially in the Delhi-NCR micro markets. According to a report by Knight Frank, there has been a significant 44% year-on-year (YoY) increase in office space leasing across eight major cities, underscoring the growing appeal of SCOs. Their versatility, coupled with affordable entry costs and high rental yields of roughly 9-10%, makes them a lucrative investment choice for both developers and investors. They house high streets, hypermarkets, offices, retail units, co-working spaces, restaurants and cafes, along with spaces for healthcare centres, banks, fitness centres, and gyms. Besides, the most attractive feature is the complete ownership of both land and built-up area, allowing investors full autonomy over design, construction, leasing, and usage. This level of control, combined with steady income potential, makes SCOs a smart, future-ready investment choice. Additionally, the growth of SCOs in Delhi-NCR is directly associated with the development of key micro-markets that offer visibility and appreciation in value. Prime areas such as Noida, Gurugram, and chosen pockets in Faridabad are experiencing a boom in SCO developments. These areas are not only highly populated but also strategically linked, and hence, are perfect for office and retail operations. The momentum is also fueled by transformational infrastructure developments such as the Dwarka Expressway, Delhi-Mumbai Expressway, and the soon-to-be-established Noida International Airport that spur investor optimism and long-term capital appreciation. Siddharth Katyal, CEO, Bhumika Group, says, "While flexible formats offer certain advantages, it's the long-term performance of retail-led investments--particularly those anchored by strong national and international brands--that continues to lead in both footfall and rental yield. In high-growth corridors like Faridabad and Gurugram, it's the presence of well-curated, fully leased retail ecosystems that sustains consumer engagement and bolsters investor confidence. Anchor stores in fashion, F & B, and wellness serve as powerful demand drivers, creating a robust consumption environment and supporting a more stable return cycle. As consumer behaviour shifts toward experience-led retail, institutional-grade developments clearly outpace fragmented assets in both value creation and resilience." Prakash Mehta, Chairman and Managing Director, Ocus Group, says, "The surge in demand for SCO complexes across NCR is a clear signal that the market is evolving, and Gurugram is leading this shift with conviction. Investors and business owners are gravitating toward the SCO model as it delivers on every front: capital appreciation, rental returns, and operational flexibility. Among the prominent sectors of Gurugram, Sector 99 on the Dwarka Expressway, in particular, is emerging as a commercial hotspot, due to its unbeatable connectivity and infrastructure growth. Hence, we look forward to curating high-potential business hubs that cater to both entrepreneurs and established brands, offering them prime locations with modern infrastructure." Further, SCOs have struck a chord with SME and startups, offering them the flexibility and control they seek. As hybrid work becomes the norm, entrepreneurs are gravitating toward self-owned commercial spaces that are not only functional but also close to residential catchments. Ashwani Kumar, Pyramid Infratech, says, "SCOs are not just another real estate project; they represent a paradigm shift in how commercial spaces are conceived and consumed, especially in a dynamic market like Gurugram. Today, businesses don't want rigid, one-size-fits-all formats; they want autonomy, scalability, and ownership, and that's exactly what SCOs offer. As developers, we believe SCOs are the future of urban enterprise--spaces where startups can grow, retailers can thrive, and established firms can expand without compromise." Vishal Sabharwal, Head Sales, Orris Group, says, "SCO developments are rewriting the rules of commercial real estate, especially in high-demand markets like Gurugram. Their hybrid format isn't a convenience; it's a competitive advantage. The ability they offer to own, brand, and customize a space that functions both as a storefront and a workplace is a game-changer. Besides, the superior rental yields and appreciation potential it offers indicate why investors and business owners are doubling down on this format. In our view, SCOs represent the future of commercial property; flexible, profitable, and built for businesses that want more than just a lease." Thus, SCOs are no longer seen as speculative plays; they're being recognized as strategic, long-term wealth-building assets. Their ability to serve both retail and office functions gives them a unique edge in a rapidly evolving business environment. As high-footfall locations continue to develop across NCR and infrastructure projects mature, the demand for self-owned, flexible-use commercial spaces will only intensify.
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Business Standard
5 days ago
- Business
- Business Standard
Uber, Noida Airport collaborate to improve airport-ground transport link
Ride-hailing company Uber has entered into a strategic partnership with Noida International Airport to provide passengers with smooth and tech-enabled ground transportation directly from the airport terminal. The collaboration is aimed at enhancing end-to-end travel convenience and aligns with Noida International Airport's commitment to multimodal connectivity, the company said in a statement on Thursday. As part of the agreement, Uber will set up exclusive pick-up zones within the airport premises. These will be supported by on-ground personnel and detailed wayfinding guides to help passengers navigate from the arrival gate to their ride. 'Uber will operate dedicated pick-up zones, complemented by on-ground assistance and step-by-step way finding guide — assisting riders on their way from the gate all the way to the Uber pickup zones,' the company said. To improve operational efficiency, Uber driver-partners will also be allocated reserved parking spaces at the airport, helping to reduce estimated arrival times (ETAs) for passengers. Uber-Noida airport partnership: Key benefits for passengers Travellers choosing Uber at Noida International Airport can expect a range of services: -Real-time tracking and estimated arrival times via the Uber app -Cashless payment options -In-app access to driver and vehicle information, along with an emergency/SOS button -Multiple ride choices including UberGo, Uber Premier, and UberXL (SUV) Commitment to comfortable, door-to-door travel Christoph Schnellmann, CEO of Noida International Airport, highlighted the airport's focus on creating a seamless passenger journey. 'Our goal is to make every part of the passenger journey efficient and comfortable — from door to door,' Schnellmann said. 'The availability of app-based taxi services like Uber is a key step in ensuring that travellers have access to convenient, reliable and safe last-mile transport options." Uber India and South Asia's Director of Business Development, Arnab Kumar, expressed confidence in the collaboration's ability to enhance the travel experience. 'We are proud to partner with Noida International Airport to elevate the travel experience for passengers through reliable and technology-enabled mobility solutions,' Kumar said. 'Our collaboration reflects our commitment to ensuring smooth and comfortable last-mile connectivity, backed by dedicated on-ground support and an effortless booking experience via the Uber app.' Towards a multimodal future This partnership is part of Noida International Airport's broader objective of evolving into a multimodal transportation hub. Alongside app-based taxi services, Noida International Airport plans to offer a variety of travel options to meet diverse passenger needs. The airport is also working with government bodies and other stakeholders to improve access for private vehicles and enhance public transportation links.
