Noida Authority grants sublease of 10-acre plot to Adani in Sector 80

02 Sep 2024 CW Team

The Noida Authority has approved the sublease of a 10-acre plot in Sector 80 to Noida Data Centre Limited, a special purpose vehicle (SPV) formed by Adani Enterprises Limited (AEL) and EdgeConneX under their joint venture, AdaniConnex.

The decision was made during a board meeting chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, who also serves as the chairman of the Noida Authority. This approval clears the way for the establishment of a data centre in Sector 80, a plan that had previously been rejected due to conditions in the original lease deed.

Lokesh M, CEO, Noida Authority, confirmed that the board had discussed and approved the project after deliberations in July 2024. He noted that the land in Sector 80 had already been allotted for this purpose.

After the initial rejection of Adani Enterprises' request to sublease the land, the company appealed to the Uttar Pradesh government. The state?s industrial development department reviewed the case and granted approval based on provisions in the UP Data Centre Policy of 2022. This policy allows sublease permission for data centre projects without levying a transfer fee.

The Adani Group had originally executed a lease deed for the land in 2021 at a cost of Rs 700 million, with the intention of developing a data centre. AdaniConnex, a 50-50 joint venture between Adani Enterprises and global data centre operator EdgeConneX, was established in February 2021 to set up data centres across India.

Despite repeated attempts, the Adani Group could not be reached for comment. (Hindustan Times)

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..