Jewar Airport: All About Noida International Airport
Jewar airport latest news
Tata Projects Bags Bid To Build Jewar Airport
June 7, 2022: Tata Projects has outbid construction giants such as Shapoorji Pallonji Group and Larsen & Toubro to win the bid to construct the Jewar Airport in Noida. Under the contract, Tata Projects will build the Jewar Airport terminal, runways, airside infrastructure, and other ancillary facilities around the airport. According to Yamuna International Airport Private Limited (YIAPL), which selected Tata Projects on quality and cost-based selection criterion to build the second international airport in Noida, Phase-1 of the Noida International Airport is likely to become functional by 2024.
“With the award of this EPC contract, our project enters the next phase, which will witness a rapid increase in the pace of construction activities on site. Together with Tata Projects, we’re working to deliver a passenger terminal, runway, and other airport infrastructure with a capacity of 12 million passengers annually, by 2024,” YIAPL chief executive officer Christoph Schnellmann said.
“We are proud to be entrusted the EPC works for the greenfield Noida International Airport at Jewar. Tata Projects will work closely with YIAPL to deliver India’s most advanced and environment-friendly airport on time. We shall deploy the latest technologies in its construction while meeting the highest standards of quality, safety, and sustainability,” said Vinayak Pai, CEO and MD- designate, Tata Projects Limited.
PM Modi Lays Foundation Stone; Boost Expected For Noida Housing Market
Prime minister Narendra Modi, on November 25, 2021, laid the foundation stone for the Jewar Airport in a mega event. Formally known as the Noida International Airport, the upcoming airport is expected to boost the fortunes for a high potential real estate region that has so far been impacted by a multi-year slowdown.
The much-publicised event that would initiate the process to build the Noida International Airport at Jewar had in attendance high-profile attendees like Uttar Pradesh chief minister Yogi Adityanath.
According to Zurich Airport International Asia, phase-I of the Noida airport project is expected to be completed by September 30, 2024. On completion, the Jewar Airport will cater to 12 million passengers under phase-I. An area of 1,334 hectares has been earmarked for development of phase-1 of the airport project.
The Jewar Airport project, which was first conceived in 2001 and received approval only over a decade-and-a-half later, will entail the development of 2,200 acres of land. With the Jewar Airport becoming operational, the national capital region will get the distinction of hosting two international airports within a 100-kilometre radius.
Jewar Airport And The Connectivity Net
From the broader perspective, the Jewar airport will connect several key cities of UP, including Agra, Mathura and Gautam Buddh Nagar, to the world’s aviation network. It will also provide the western UP region with a highly robust connectivity net - the travel time to and from the Jewar Airport is expected to be one of the major determinants for passenger’s airport preference.
As it is, the Jewar Airport site is about 30 kms from the state highway (SH-22A) that connects Palwal and Aligarh. It is also 700 metres from the Yamuna Expressway. The arrival of the airport would bless this property market with several other infrastructural developments, too. The Jewar Airport will have an Aerocity on the lines of the one at the IGI Airport. Plans are also in the works to link the $-3.1 billion Jewar Airport with Delhi's Metro’s Aqua Line by 2025. The government is also considering the possibility of linking the airport with Sarai Kale Khan, a major bus transit station in the national capital, through a dedicated Rapid Rail Transit System (RRTS). At a later stage, the Jewar Airport could be connected with the Eastern Peripheral Expressway that joins Haryana's Palwal with Kundli, bypassing the national capital.
Jewar Airport Project Cost
To be developed in four phases, the Jewar airport project would require capital expenditure of around Rs 15,754 crores. Jewar Airport phase-1 will require around Rs 3,745 crores, phase-2 Rs 3,537 crores, phase-3 Rs 4,079 crores and phase-4 Rs 4,384 crores.
Jewar Airport Traffic Handling Capacity
Designed for a capacity of 70 million passengers per annum, the Jewar Airport may serve a total annual passenger demand of around 5 million, which may go up to 16 million by 2029-30, 71 million by 2043-44 and continue to operate at around 77 million till end of the concession.
Where is Jewar?
Located in Gautam Buddh Nagar district of Uttar Pradesh, Jewar is about 72 kms from the IGI Airport and 40 kms from Noida. On its south-west is the old city of Aligarh that lies at a distance of 45 kms. The Yamuna Expressway is 700 metres from here while the world famous tourist centre Agra is 130 kms from the upcoming airport.
PM Modi To Lay Jewar Airport Foundation Stone On Nov 25
November 21, 2021: Prime Minister Narendra Modi will be the chief guest at the Jewar Airport bhumi poojan (foundation-laying) ceremony that is set to be conducted on November 25, 2021. The much-publicized event that would initiate the process to build the Noida International Airport at Jewar about is likely to be attended by more than one lakh people, aside from all the high-profile attendees like Uttar Pradesh Chief Minister Yogi Adityanath.
“A site in Rohi village has been finalised, where the foundation stone for the Airport will be laid. We had earlier shortlisted four sites. Several factors had been taken into account while deciding the location. We are expecting between 1 lakh and 1.25 lakh people to attend the ceremony. Further preparations are underway to make the event a success,” said Arun Vir Singh, CEO, Yamuna Expressway Industrial Authority (YEIDA).
According to Zurich Airport International Asia, phase-I of the Noida airport project is expected to be completed September 30, 2024. On completion, the Jewar airport will cater to 12 million passengers under phase-I.
The foundation stone for the airport project, which was first conceived in 2001 and received approval only over a decade-and-half later, will entail the development of 2,200 acres of land. With the Jewar airport becoming operational, the national capital region will get the distinction of hosting two international airports within a 100-kilometre radius.
Jewar airport and the connectivity net
That is not all. The arrival of the airport would bless this property market with several other infrastructural developments. The Jewar Airport will have an Aerocity on the lines of the one at the IGI airport. Plans are also in the works to link the $-3.1 billion Jewar airport with the Delhi’s Metro’s Aqua Line by 2025. The government is also considering the possibility of linking the airport with Sarai Kale Khan, a major bus transit station in the national capital, through a dedicated Rapid Rail Transit System (RRTS). At a later stage, the Jewar airport could be connected with the Eastern Peripheral Expressway that joins Haryana's Palwal with Kundli, bypassing the national capital.
How will the Jewar airport impact Noida housing market?
If we analyse the current state of affairs, property markets around Noida are reeling under immense pressure ─ according to the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA), there are over 100 stuck projects in the region; private estimates peg this number at 1.5 lakh units.
That is just part of a much bigger problem Noida realty is currently dealing with. Some of the biggest developers of the region are close to insolvency – cases are pending against Amrapali, Jaypee and Unitech. The uncertainty involving these cases ─ After over two years of these cases popping up, no solution is in sight despite the fact that the Supreme Court has sworn to resolve these issues in a timely manner ─ is hindering concerted efforts made by sector stakeholder in achieving their desired target.
In an atmosphere such as this, the Jewar airport is the very thing NCR realty is in the need of. The project would touch lives and get back the positivism Noida currently needs more than anything.
According to PwC, the agency that has prepared the techno-economic feasibility report for the project, the Jewar Airport is expected to handle over 10 crore passengers by 2050, serving 37 domestic and 31 international destinations.
Currently, people living in many cities of western UP and some cities of Rajasthan have to travel to Delhi — a journey of at least two hours — if they plan air travel. An airport in Jewar will be a great help for these people. This airport will not only address the aviation needs of Delhi but also of cities such as Agra, Mathura, Bulandshahr and Meerut. The Union civil aviation ministry expects this airport to give bolster tourism and economic potential of the region.
As it takes shape physically, the project, which is expected to generate millions of job opportunities, would improve investor sentiment and usher in that positive vibe Noida needs, all in due course.
Well, Jewar has already seen a status update, from being a part of the Bulandshahr district to being a nagar panchayat under the Gautam Buddh Nagar district now. Due to the ongoing developments, rates of the property along the area have grown substantially, too.
According to sector experts, land prices near the Jewar airport could appreciate by up to 100% while prices of flats and apartments in the areas along the proposed airport site are also likely to increase by up to 50% over the next five to seven years. As it is, landowners can see the difference. While a bigha of land was sold for Rs 4-5 lakh in the past, rates have now touched Rs 20-25 lakh a bigha. A bigha of land measures 843 square metre. Farmers whose land is being acquired for the project are being offered three times the circle rate. While the prevalent land rate in the area is Rs 900 per square metre (psm), the government is offering villagers Rs 2,300 psm.
Jewar airport impact: What to expect in the future?
Investments in this property market should be done strictly keeping in mind certain facts. First, not many developers would be launching a new project here since they are already under tremendous pressure to sell off their existing housing stock and completing their stuck projects. Those looking to invest in property along Jewar will have to primarily in the land.
Absolute dexterity must be shown in checking the legality of the land in case one is interested in buying since thriving property markets also become a breeding ground of property-related frauds. Also, the investment must be made keeping in mind the fact that profits could be made only in the long term.
Jewar Airport Timeline
April: Govt requests UP to develop a detailed project report for the proposed airport
June: Civil aviation ministry clears plan for Jewar airport
August: Govt forms Noida International Airport Company Limited (NIAL) to handle project management
November: UP govt approves the allocation of Rs 1,260 crore for land acquisition
December: District administration submits rehabilitation and resettlement document on land acquisition
February: Up govt allocates Rs 800 crore for land acquisition in its annual Budget
April: Allahabad High Court dismisses petitions by farmers seeking higher compensation for their land, paving way for the land acquisition process
May: UP Cabinet approves bid document for the airport; sanctions
Rs 894 crore for resettlement
September: Noida administration acquires 923 hectare of the 1,235 hectare required for Phase-I
*Noida administration inks MoU with pvt partners to develop a 92-acre forest in Jewar
November: Adani Enterprises, Delhi Airport International Limited, Zurich Airport International and Anchorage Infrastructure Investments bid for the airport
January: An SPV, Yamuna International Airport Private Limited, is formed to develop the project.
May: Zurich Airport International AG receives the clearance to carry out the project work from the home affairs ministry.
October: Zurich Airport International AG and Yamuna International Airport Private Limited sign concession agreement.
November: HDFC Bank signs pact to provide Rs 500 crores as loan for the project.
December: Zurich AG submits master plan to NIAL
December 8: Master plan sent to civil aviation ministry
Jewar Airport News Update Chronology
Jewar Airport Master Plan Gets YEIDA Approval
August 19, 2021: All official formalities to develop the national capital region’s second airport have been completed, after the Yamuna Expressway Industrial Development Authority (YEIDA) gave its nod to the Jewar Airport master plan. The master plan was sent for approval to the YEIDA, after it received a green signal from various authorities and agencies, including the Airports Ministry, the Airports Authority of India, the Directorate-General of Civil Aviation and the Noida International Airport Limited (NIAL). This development paves way for the start of construction work on the Jewar Airport within a week.
PM May Lay Foundation Stone of Jewar Airport In August 2021
August 12, 2021: The foundation stone for the Jewar Airport project may be laid by Prime Minister Narendra Modi in August 2021, after the company responsible to develop the second airport in the National Capital Region completed the formalities involved in the financial closure for the development of Phase-1.
Yamuna International Airport, a fully-owned subsidiary of Zurich International Airport that will execute the project, on August 11, 2021, signed an agreement with State Bank of India (SBI) to receive a debt amounting to Rs 3,725 crores, to build the Jewar Airport.
"YIAPL has raised Rs 3,725 crores in debt from SBI, to be repaid over a period of 20 years with one-year moratorium post completion of the project. This is one of the largest financing in an Indian greenfield airport. The financial closure marks another crucial milestone for the project, bringing it closer to the start of construction works," an official statement said.
In July 2021, Noida International Airport, the nodal agency incorporated by the Uttar Pradesh government to monitor the Jewar Airport, also handed over more than 1,334 hectares of land to Yamuna International Airport.
Spread across an area of 5,000 hectares, the Jewar Airport will be built by Swiss Airport company, Zurich International Airport AG, at an estimated cost of Rs 29,560 crores. Zurich International Airport AG won the bid to develop the Jewar Airport, touted to be the biggest airport in India after completion, in November 2019.
“We are pleased to confirm that over 1,300 hectares of land have been handed over to us today for the development of Noida International Airport. We have signed a site inventory memorandum, which gives us the right of way to the available part of the site to commence construction activities,” Yamuna International Airport Pvt CEO Christoph Schnellmann said, on July 31, 2021.
Aviation Ministry Arm Grants Approval To Jewar Airport Project
The Bureau of Civil Aviation Security (BCAS) of the Civil Aviation Ministry, has given its approval to the Jewar International Airport on April 14, 2021. The BCAS is the regulatory authority for civil aviation security in the country.
“A great news! The security clearance and vetting for Phase I of the Noida International Airport has been received from BCAS also, and has already been received from the other regulating authorities,” SP Goyal, additional chief secretary to UP chief minister said, in a tweet.
The development comes a day after Yamuna International Airport Private Limited (YIAPL) floated tenders to start construction work for the airport project. Note here that YIAPL is a subsidiary of Zurich AG, the Swiss developer that has been appointed to build the NCR’s second airport in Jewar.
UP Grants Rs 2,890 Cr For Jewar Airport Phase-II Land Acquisition
The gloomy stories that investors hear with regard to Noida real estate may be confusing, especially to those who had their eyes on this affordable property market to build a home but the developments surrounding Jewar Airport, give them enough hope not to lose heart and hold on only a little longer before things change for the better.
In a measure that is indicative of the Uttar Pradesh government’s priority treatment towards the Jewar International Airport project in Noida, the chief minister Yogi Adityanath-led cabinet, on March 17, 2021, approved a grant of Rs 2,890 crores, for land acquisition for Phase-II of the project. The decision by the state comes, over a month after the UP government, in its Budget, set aside Rs 2,000 crores for the airport project.
“A budget of Rs 2,000 crores has been proposed for the Noida International greenfield airport in Gautam Buddh Nagar's Jewar," UP finance minister Suresh Khanna said in his Budget speech. He also said that Phase-I of the airport was likely to become operational by 2023.
On March 16, 2021, it was also reported that the state government was planning to conduct the bhumi pujan ceremony for the airport project on April 15, 2021. According to local MLA Dhirendra Singh, people concerned have been directed to resolve any pending issues, to pave way for the upcoming ceremony.
Meanwhile, a state support agreement between the Yamuna International Airport Private Limited and the Noida International Airport Limited, a subsidiary of the Zurich Airport International AG, the Swiss developers selected to build the project, was signed on March 1, 2021.
“The country’s largest state had only two international airports earlier – in Lucknow and in Varanasi. However, it will soon have five international airports, including the upcoming ones in Jewar, Ayodhya and Kushinagar, near Gorakhpur,” the CM said at the signing of the pact, adding that connectivity was vital for the overall development of UP.
Emphasising the importance that his government accorded to the mega airport project, touted to be the biggest such project in Asia, Adityanath also said that his government had decided to prioritise it in the interest of the state and the country.
Jewar Airport Plan Sent To Aviation Ministry For Technical Approval
The Jewar Airport master plan, which was submitted by developer company Zurich AG to Noida International Airport Limited (NIAL), was sent to the Civil Aviation Ministry, on December 8, 2020. Under the master plan, which talks about development of the project in four phases, a Delhi-Varanasi high speed rail station will be constructed in this airport building, providing passengers with air, as well as rail connectivity. The plan also talks about making the Jewar Airport a domestic hub with 75% of all its operations concentrated within India.
The ministry is likely to return the master plan to the YEIDA after technically vetting, which could take up to a month.
After winning the bid to build the Jewar Airport in October 2020, Zurich AG, on December 3, 2020, submitted the master plan for the project. The document, which will also be vetted by the UP government, Noida International Airport Limited, etc., before being unveiled next year, will act as the blueprint for the development of the mega project. The Swiss company was set a December 7, 2020, deadline to submit this crucial document.
Jewar Airport FAQs
When will the Jewar airport be ready?
The Jewar airport is likely to be ready by September 2024.
When is the Jewar airport bhumi poojan?
The foundation stone laying ceremony of the Jewar International Airport will take place on November 25, 2021.
Which company is building the Jewar Airport?
Zurich Airport International AG won the bid to build the Jewar Airport.