Petroleum, Coal & Banking Executives Welfare Society

https://www.livehindustan.com/ncr/story-jewar-airport-master-plan-sent-to-central-government-these-facilities-included-3674222.html
The master plan of the proposed Noida International Airport at Jewar was sent to the Airports Authority of India on Tuesday. About a week ago the developer company Zurich Airport International AG submitted the master plan to Noida International Airport Company Limited. The master plan has been sent to the Ministry of Civil Aviation. Its technical testing is expected to take about a month.

Yamuna Authority Chief Executive Officer Dr. Arunveer Singh said that the master plan of Noida International Airport was submitted to Niall by Zurich Airport International AG last week. The developer company has prepared a four-phase master plan to the airport. It includes terminal building, commercial, hotel, office, education training center, cargo facility and vehicle parking etc. Apart from this, facilities for maintenance, repair, overhauling will also be developed. The Delhi-Varanasi high speed train station will be built in the terminal building itself.

Dr. Arunvir Singh said that Noida International Airport Limited does not have a team of experts to conduct technical examination of the master plan, so the master plan has been sent to the Ministry of Civil Aviation for technical testing. The master plan will return after testing. Then the Yamuna Authority and Niall will be placed on the board.

Delhi-Varanasi High Speed ​​Rail Station to be in Terminal Building

Commercial space has been marked in the terminal building of this airport. A Delhi-Varanasi high speed rail station will be built in this building, so that passengers can easily travel between rail and airplane. This will be a unique airport in itself.

Will start with one runway and develop to six runways

Noida Airport will be developed on 1,334 hectares. It will be made in four phases. Two runways will be built in the first phase. However, air service will start in the year 2023 with a runway from the airport. Initially, 12 million passengers will fly from here.

Will become the largest hub of domestic flights

Noida International Airport will operate about 75 percent of domestic flights. This airport will become the largest hub for domestic flights in the country. There will also be reserve car parking at the airport. There will be activities of hotels, offices, training centers etc. in an area of ​​24 hectares. Apart from this, cargo facilities will also be available.

Will overtake Sri Lanka, Singapore and Thailand

This airport will also have the facility of maintenance, repair, overhauling (MRO hub) of the aircraft. The developing company will develop the necessary infrastructure for this facility within a time period of ten years. Yamuna Authority CEO Dr. Arunvir Singh said that the developer company has submitted the master plan of the four phases of Noida International Airport. It has been sent to the Ministry of Civil Aviation for technical testing.

Microsoft leases about 1.5 lakh sq ft office space at KP Tower in Noida
KP Tower is part of the 12.5 acres Delhi One project, which was launched by the 3C group and later went into insolvency.
Tech giant Microsoft has signed a lease deal for nearly 150,000 sq ft of premium office space at KP Tower in Noida through co-working operator WeWork, two persons aware of the deal said.

KP Tower is part of the 12.5 acres Delhi One project, which was launched by the 3C group and later went into insolvency.

Max Estates, the property arm of Max Group, is in the process of acquiring this prime commercial complex at the Delhi-Noida border through the National Company Law Tribunal (NCLT) resolution process for Rs 550 crore, which will be paid to the debtors in tranches over four years.

There are already four operational towers in the complex; one serviced apartment tower and four commercial towers are under construction.

“Because of its location, which is close to Delhi and Noida Expressway, the rentals here are almost at par with grade A assets in Gurgaon. The remaining part of the project has been taken over by Max Group,” said one person aware of the deal.

Earlier this year, Microsoft had announced the launch of the India Development Centre (IDC) in Noida and had signed an agreement with the UttarPradesh government.

WeWork and Microsoft declined to comment on the deal.

“The deal has been signed at Rs 111 per sq ft, although the rental in Noida ranges between Rs 60-80 per sq ft,” said another person.

Microsoft is also in talks to lease over 1.2 million sq ft office space in Bengaluru.

The company currently occupies 550,000 sq ft in Outer Ring Road, Bengaluru.

Microsoft India has been on an expansion spree and leasing more office space in the last two years to house its growing employee population.

The software giant has operations in 11 cities in India and employs about 8,000 people across the country.

According to property consultants, demand for office spaces in Noida has been on a high growth trajectory after availability dwindled in the national capital.

“Commercial realty market is witnessing an upward trend and more and more buyers and investors are showing their interest in it because the commercial asset class has performed much better than the residential sector over the last few years,” said AjayRakheja, national head, 360 Realtors-Commercial.

Lower rent, new supply and infrastructure development have boosted demand in Noida’s key sectors such as sectors 16 and 62 and NoidaExpressway.
https://realty.economictimes.indiatimes.com/news/commercial/microsoft-leases-about-1-5-lakh-sq-ft-office-space-at-kp-tower-in-noida/79655548

Also see http://pcb.net.in/blog/2020/07/01/microsoft-campus-to-comeup-in-greater-noida/

In another announcement Authority records Rs 815 Cr of Industrial land allotment post Covid Unlock highlighting positivity in area with Jewar Airport

GNIDA generates Rs 815 crore in 45 days post-Unlock – https://timesofindia.indiatimes.com/city/noida/gnida-generates-rs-815-crore-in-45-days-post-unlock/articleshow/79383850.cms Get the Top News Stories from TOI on WhatsApp! Subscribe Here: https://bit.ly/toi-whatsapp

Jewar International Airport Beings Double Whammy to Gautam Budh Nagar District.. Hurdles Cleared for IKEA to set huge shop with 5,500 car Parkings 28 story tower in sector 51 Noida ;

https://tricitytoday.com/amp/news/noida-will-become-country-s-first-aerotropolis-due-to-jewar-airport-know-what-is-an-aerotropolis-13109.html