PwC submits draft of techno-economic feasibility report to YEIDA

PricewaterhouseCoopers (PwC), the consultants to the proposed International airport at Jewar has submitted a draft of the of techno-economic feasibility report to the Yamuna Authority on Friday. As per the officials, this report will help them in getting in-principle approvals for this highly ambitious project. However the final report will be submitted by March end.

Feasibility Report to YEIDA

Img : turner

The draft report will be now be studied by YEIDA officials after that if required they will give further suggestions to the agency. The whole report is divided into nine chapters which include trends in the aviation sector, traffic estimation, regional connectivity scheme, cargo potential, non-aeronautical revenue, capex profiling, operating expenditure, financial assessment and environmental social impact.

[Read more…]

New Income Tax Rules from 1st April

Finance Minister Arun Jaitley ascertains several changes in the Budget 2018-19 and decided not to change the income tax rates and the slabs. FM, also, did a couple of changes in income tax that will impact the common man alias the taxpayers. All these changes will reflect from the next month as the taxpayers will set get to pay their share of the tax amount.

Income Tax

Img : siasat

The changes like new long-term capital gains tax on stocks and equity mutual funds and relief for senior citizens on interest income have been introduced in the budget for the financial year 2018-19. FM, Arun Jaitley gave relief to the salaried people by introducing the standard deduction. Another key feature that will affect the taxpayers is that the increase in cess will now be directly charge on the tax income payable.

[Read more…]

Noida-Greater Noida Metro Link’s Trial to Start in April

The 30km long Noida-Greater Noida Metro Link’s trail is going to commence in April. The NMRC – Noida Metro Rail Corporation confirms the trial of this long stretch after the UPPTCL i.e the Uttar Pradesh Power Transmission Corporation Limited gave its nod for the disbursal of electricity immediately.

Noida-Greater Noida Metro Link’s Trial to Start in April

Img : hindustantimes

The trial was scheduled to start in December 2017 but got delayed due to the insufficient power supply from UPPTCL that pushed the Noida-Greater Noida Metro Rail trial for the tenure of more than three months. Mr. PD Upadhyay, Executive Director, NMRC was quoted saying, “The UPPTCL has started supplying 400KV electricity supply from its Sector 148 power substation from February 28 to the 30km Noida-Greater Noida Metro link. UPPTCL’s top officials have also conducted an inspection and written to their staff in Noida to immediately start power supply. It is good news because now, we can start trials on this Metro link in April and make way for commercial operations after completing the necessary formalities related to safety.”

[Read more…]

“Company will find ways to link Delhi and Jewar airports”: YEIDA officials

In order to make a smooth coordination between the Delhi and Jewar airport, the YEIDA officials has recently finalised to appoint a firm to study ways to connect the two airports.


Img : realtymyths

According to YEIDA, CEO Arun Vir Singh, “The authority will now invite companies in the first week of this month to participate in the process. A company will be selected within a month to put the study in place.”

[Read more…]

Jewar Airport to Get Maximum Passengers from Delhi: Report

In a preliminary report submitted by Price water house Coopers (PwC), who won the bid to prepare the techno-feasibility report for the sanctioned international airport at Jewar, has said, that the airport will get at least 41% of the passengers from the NCT Delhi and around 26% from Uttar Pradesh.

Jewar Airport to Get Maximum Passengers from Delhi1

Img : static.b-europe

The preliminary report was submitted to the Yamuna Expressway Industrial Development Authority (YEIDA) chairman Prabhat Kumar on Monday. The report has been prepared after studying a 150km area across 42 districts in multiple states.

[Read more…]

Jewar airport to be developed as full-fledged aviation hub: UP civil aviation department

The UP Government has recently announced that the proposed international airport in Jewar will now be developed as a full-fledged aviation hub. The announcement was made on the second and concluding day of the Investors’ Summit. It is decided that the airport will have four runways, a flying and training institute, and cargo and Aircraft Maintenance Repair and Overhaul (MRO) system.

Jewar airport to be developed as full-fledged aviation hub

Img : dailynewsonline

Giving more insights on this information, UP civil aviation department, Director, Surya Pal Gangwar, during the summit said that the plan to develop the Jewar airport as a state-of-the-art aviation hub was being worked out.  We hope to complete the planning and other formalities completed soon.

[Read more…]

SEBI buys IDBI Bank’s Mumbai property in a record 1,000 crore deal

Market regulator SEBI has finalized a milestone deal to buy IDBI Bank’s office located in Bandra-Kurla Complex (BKC), Mumbai’s prime business hub. According to sources, the deal is reported to be worth a whopping Rs. 1,000 crore and was recently approved by the board of the Securities and Exchange Board of India (SEBI). The going rate for the current deal comes to around ₹30,000 per sq ft.

SEBI buys IDBI Bank’s Mumbai property

Img : etimg

The SEBI-IDBI deal is being perceived as India’s second-largest end-user office-space transaction. However, the first one belongs to Abbott India, when it purchased 4.35 lakh sq ft office spaces at BKC worth Rs. 1, 480 crores in September 2015.

[Read more…]

Jewar will have India’s biggest airport: YEIDA official

After a long gap of 16 years, finally the dream of proposed airport at Jewar has again became a reality. Most of the formalities and documentation part are about to clear and officials are expecting to start the work on this airport by the end of this year.

Jewar Airport

Img : cloudfront

Sprawl over 5,000 hectares with proposed four runways; the International airport at Jewar will be ‘India’s biggest’, as touted by the Yamuna Expressway Industrial Development Authority (YEIDA) officials. According to them it will be bigger than Delhi’s Indira Gandhi International Airport.

[Read more…]

Jewar Airport to cater 80 million passengers by 2022: PWC Report

Renowned audit firm PricewaterhouseCoopers (PwC) who won the bid to prepare the techno-economic feasibility (TFR) study of Jewar Airport has projected that the proposed airport is all set to cater 80 million passengers once it will get operational by 2022-23.

Jewar Airport

Img : india

The agency has also projected that the Indira Gandhi International Airport (IGIA) will reach its saturation point with a 100-million passenger count by 2024-25, which will give rise to the need for a second airport in NCR and hence the airport at Jewar would accomplish the need. By 2050, both Delhi and Jewar airport will cater to over 300 million passengers annually.

[Read more…]

Entrepreneurs to Invest Rs 10,000 cr in Noida

Ahead of UP investors summit which is scheduled to take place in Lucknow of February 21- 22, the Noida authority has completed its target of pulling in investors to invest around 10,000 crores in the city’s development.


Img : eletsonline

Informing about the development, officials of Noida Authority said that they had already inked provisional MoUs with 132 companies worth Rs 9,977 crore. Further few talks were underway for an investment of Rs 5,000 crore. The final deals will be struck in Lucknow during the summit.

[Read more…]