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Time of India
4 days ago
- Business
- Time of India
YEIDA nod for golf course, gymkhana near airport
Noida: Yamuna Expressway Industrial Development Authority (YEIDA), in its 85th board meeting on Wednesday, approved several significant infrastructure and housing projects near the upcoming Noida International Airport, utilising land marked as 'recreational greens' in the 2041 master plan. The meeting, chaired by principal secretary MSME & export promotion, infrastructure & industrial development and YEIDA chairman Alok Kumar, gave approval to a housing scheme for the economically weaker sections (EWS) and the development of a new police station and two fire stations, as well as large-scale recreational hubs and industrial planning. YEIDA CEO Arun Veer Singh said the housing plan was designed keeping in mind the influx of workers that will accompany the operation of the Noida International Airport and surrounding industrial zones. "We have decided to allot 30,000 residential plots, each measuring 30 square metres, for people in the EWS category with an annual income of less than Rs 3 lakh. This will ensure that workers have housing facilities close to their workplaces and will help curb illegal encroachment," he said. In the first phase, 4,268 plots will be launched in Sectors 17, 18, and 20. To address law enforcement needs around the upcoming airport, the board approved the development of a new police station on a 1,000 sqm plot with 60% ground coverage and a 24-metre permissible height under FAR 2.5 norms. Additionally, two fire stations will be constructed on 7,485 sqm plots each in Sectors 18 and 32. Fire department has been allotted land at a token rate of Rs 1 per sqm. YEIDA also, gave approval to the development of recreational zones in Sector 22F and Sector 23B, which will be integrated into the broader green belt of the region. Proposed facilities include a golf course, Gymkhana Club, and Yamuna Haat, along with large-scale attractions such as Kingdom of Dreams, Olympic Village, Aviation Museum, Oxford Golf Course, etc. The board granted approval for these recreational projects, directing officials to draft terms and conditions for public-private partnership (PPP) implementation.
News18
5 days ago
- Business
- News18
Plot Near Noida Airport For Rs 7.5 Lakh: All You Need To Know About YEIDA Scheme
Last Updated: Under the scheme, 29% plots are reserved for YEIDA project workers, 5% for ex-defence personnel, and 5% for YEIDA staff, ensuring inclusive access to affordable housing In a move to support affordable housing, the Yamuna Expressway Industrial Development Authority (YEIDA) will roll out a special plot scheme for economically weaker sections (EWS) starting June 18, following recent board approval. This initiative targets individuals working in factories or those with an annual income up to Rs 3 lakh, offering them an opportunity to build their own homes. Over 3,000 plots of 30 square metres each will be available in Sectors 18 and 20 in Jewar, near Noida International Airport, an area rapidly developing into an industrial hub. Arun Veer Singh, CEO of YEIDA, highlighted the increasing demand for housing among workers as numerous domestic and international investors establish industries in the region. The scheme fixes the price of each 30 square metre plot at Rs 7.5 lakh, payable in easy instalments over seven years. Under the scheme, 29 percent of the plots will be reserved for workers in YEIDA projects, 5 percent for retired defence personnel, and 5 percent for YEIDA employees. YEIDA aims to allocate at least 8,000 plots, potentially increasing the number if required, to benefit guards, factory workers, and domestic helpers near Noida Airport. The plots will be distributed through a lottery system, with applicants required to deposit 10 percent of the total price in advance to participate. Full details and dates of the scheme will be announced after the board meeting.
Time of India
09-06-2025
- Business
- Time of India
Rs 125 crore factory complex near medical device park to boost startups
Noida: Yamuna Expressway Industrial Development Authority (YEIDA) has launched a tender for a flatted factory complex spanning 38,665 sqm near its 350-acre medical device park in Sector 28. The Rs 125-crore complex is to be completed within 24 months and is expected to boost the entry of MSMEs and startups in the area. The complex, proposed to be a five-storey industrial space offering plug-and-play units with built-in utilities and shared amenities, like cafeterias, exhibition halls, parking space, retail shops and lifts, will offer 252 office units on a rental basis to startups to lower entry barriers. YEIDA CEO Arun Veer Singh said the complex is among the 11 factory complexes proposed off the Yamuna Expressway. "Flatted factory complexes support the state's vision of becoming a leading industrial hub with a focus on MSMEs and startups. Around 3,000 affordable and ready-to-use industrial spaces are currently in the pipeline, and at least 75% of these units will be reserved for MSMEs and 25% for startups," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo TOI earlier reported that a factory complex is to come up in Sector 10 to support the 206-acre electronics manufacturing cluster (EMC) with 228 units, while two large plots—20,234 sqm and 44,515 sqm—have also been earmarked for flatted factories in the YEIDA areas. Each of these complexes is proposed to be tailored for proposed industrial parks like medical device, semiconductor, IT, apparel and toy. Noida Entrepreneurs Association (NEA) vice president Sudhir Shrivastava told TOI that factory complexes are needed across Noida, Greater Noida and Yamuna authority areas as the govt positions the region as India's next manufacturing hotspot. "Setting up a factory involves significant financial investment, besides approvals from multiple departments such as the Authority, power, fire and others, which often deters entrepreneurs. A factory complex addresses these challenges, as the Authority takes care of the development and necessary clearances. This allows micro and small enterprises, typically employing between 5 to 20 people, to rent space and start operations with ease," he said. NEA has 3,600 registered members in the city, dealing in different businesses. While Noida does not have any designated factory complexes, the concept has found standing in the city, too. With high land and rental costs, several small-scale industries such as furniture, handicrafts, and packaging currently operate out of smaller office buildings in sectors 6, 9, and 10, while some factories operate out of UPSIDA industrial area in Surajpur.
News18
02-05-2025
- Business
- News18
Noida International Airport Faces Delays, Now Aims For June 2025 Completion
Last Updated: Noida International Airport CEO said that the domestic terminal is nearly ready, while the international terminal is around 75% complete. The much-anticipated Noida International Airport, initially slated for completion by September 29 last year, remains an unfinished ambition. Officials now pin their hopes on a new deadline: June 30, 2025. Yet, with construction visibly lagging, skepticism is mounting both within government corridors and among stakeholders on the ground. Acknowledging the mounting concerns, Uttar Pradesh Chief Secretary Manoj Kumar Singh convened a high-level meeting this week, directing all parties to accelerate efforts. Tata Projects Limited, the firm responsible for construction, assured the government that the revised deadline would be met. To bolster confidence, the company presented a 'catch-up plan", vowing to compensate for the months-long delay by intensifying labour and operations. According to Tata Projects, an additional 2,000 workers are being mobilised from other construction sites to expedite progress at the airport. Currently, around 6,500 workers are deployed, though the figure temporarily dipped during the harvesting season as many labourers returned to their villages. Despite manpower challenges, the company maintains that 90% of the physical construction is already complete. Major structural components including the runway, airside infrastructure, and 10 aerobridges are largely finished. Installation of the baggage handling system, lifts, and signage has also been completed. Final touches, such as imported textile panels for the international terminal, are being prepared in Mumbai. However, significant hurdles remain. The water treatment plant (WTP) and sewage treatment plant (STP) – both critical to operational readiness – are far from completion, standing at just 40% and 43%, respectively. The situation worsened after two contractors abandoned the project midway, leaving Tata Projects scrambling to find replacements and avoid further delays. Arun Veer Singh, CEO of Noida International Airport Limited (NIAL), expressed optimism about the pace of terminal construction. He confirmed that the domestic terminal is nearly ready, while the international terminal is around 75% complete, with roofing work currently underway on the upper floor. A crucial milestone looms on May 10, when a joint team from the Directorate General of Civil Aviation (DGCA) and the Bureau of Civil Aviation Security (BCAS) is scheduled to inspect the site. The inspection will evaluate the airport's readiness for aerodrome licensing following the 70-day Aeronautical Information Publication process. BCAS has indicated it will issue the necessary security clearance within 45 days of receiving all required documentation. The DGCA is currently weighing three phased operational scenarios: beginning with cargo operations on May 15, permitting limited passenger flights, or launching full Phase-1 services. Meanwhile, financial penalties have started to stack up. From January 1, 2025, the Uttar Pradesh government has been imposing a daily fine of Rs 10 lakh on Yamuna International Airport Private Limited (YIAPL), the airport's concessionaire, deducting it from their performance guarantee. In turn, YIAPL has reportedly passed on penalty charges to Tata Projects, reflecting the mounting pressure across all tiers of the project. First Published:
