Government gives in-principle nod to Jewar Airport

Government gives in-principle nod to Jewar Airport

The government gave relief to the residents of Delhi – NCR as it gave an in-principal nod to the planned Greenfield Airport close to Jewar in Gautam Buddha Nagar amid a controlling board meeting which was held in New Delhi. On Tuesday, Mr Suryapal Gangwar, special secretary of civil aviation said the consent for this was given at the meeting on Monday which was attended by Principal Secretary of civil aviation Mr SP Goyal and some other senior authorities.

PricewaterhouseCoopers has prepared the point-to-point venture report and techno-economic feasibility report. According to the report, the obtaining of 1441-hectare land in eight towns is proposed for the air terminal which will be built as a public-private association.

Mr Gangwar also added that the approximate cost for the project is Rs 15,754 crores. He also noted that the work for the project will be taken up in four phases. The air terminal will have two runways with an ability to deal with cargo handling ability of 3 million metric tons for each year and 70 million travellers every year. Preparatory work on the undertaking had begun in April 2017 and it is a result of the coordination between the Center and the state that in-principle approval has concurred inside one year time, he said. He also said that the steering committee had given site clearance to the project on July 6, 2017.

The center has already appointed Yamuna Expressway Industrial Development Authority (YEIDA) as the nodal agency for this venture.

April 30, 2018 / by / in
Supreme Court asks for details of developer willing to takeover Amrapali

On Wednesday (25/08/2018), Supreme Court asked for assurance of financial standing of the firm which is interested in completing the Amrapali Leisure Park and Amrapali Sapphire. The court said that the homebuyers “cannot be thrown into a frying pan”.

The order by Supreme Court came after it chose to hear the issue project-wise and today it heard the contention with regard to Amrapali Sapphire and Amrapali Leisure Park.
The Court concurred that a co-developer ought to be assigned for the project. The bench consisting of Mr. Arun Mishra and Mr. Uday Umesh Lalit said, “In doing so the accountability process becomes easier”. It however summarized that the firm should file and undertaking before the court.

After that, SC asked the builder to provide details with regard to both these ventures; on affidavit having details which incorporates profile of the firm, affidavit of undertaking by the head(s) of the company which includes the number of projects under construction, the number of projects developed, the number of projects behindhand and the track record of the firm. Amid the proceedings Noida-based Galaxy Group through its counsel had demonstrated enthusiasm in developing Sapphire 1 and 2. Beforehand in February the developer had indicated interest in developing Amrapali Leisure.

The builder was also asked by the court to present all the detail in regards to the dues it holds to authorities and banks. Mr. Ajit Kumar Sinha, an advocate representing the homebuyers, recommended that a list of free of debt properties of the builder and directors should be made if the responses to the previously mentioned queries are not given by the developer.
The court also said that if in case it finds any inadequacy on behalf of the builder then it will follow Mr. Sinha’s recommendation.

April 26, 2018 / by / in , , ,